PennantPark Launches $100M 7.375% Notes Due 2031
PennantPark Floating Rate Capital Launches $100 Million 7.375% Notes Offering
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) has entered into an underwriting agreement for a $100 million offering of 7.375% Notes due 2031. Net proceeds will be used to repay borrowings under its revolving credit facility, support new and existing portfolio investments, and for general corporate or strategic purposes.
Offering Details
The deal includes a 30-day option for underwriters to purchase an additional $15 million of notes. Closing is expected on June 1, 2026. The notes are expected to list on the NYSE under the symbol 'PFLA' within 30 days of closing.
Underwriters include Morgan Stanley, Goldman Sachs, Keefe Bruyette & Woods, RBC Capital Markets, and UBS Securities. This offering is part of the company's strategy to refinance existing debt and expand its investment portfolio.
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