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PennantPark Floating Rate Capital Ltd. Closes New Securitization, Substantially Lowering Borrowing Costs
PFLTPennantPark Floating Rate Capital .(PFLT) GlobeNewswire·2025-02-21 14:15

MIAMI, Feb. 21, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) today announced that it completed a 474.6milliontermdebtsecuritizationtransactionwithafour−yearreinvestmentperiod,twelve−yearfinalmaturityintheformofacollateralizedloanobligation(“CLO”).Thedebtissuedinthissecuritizationtransaction(the“Debt”)isstructuredinthefollowingmanner:ClassParAmount(474.6 million term debt securitization transaction with a four-year reinvestment period, twelve-year final maturity in the form of a collateralized loan obligation (“CLO”). The debt issued in this securitization transaction (the “ Debt”) is structured in the following manner: ClassPar Amount( in millions)% of Capital StructureCouponExpected Rating(S&P)Issuance Pr ...