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Feb 24, 2026 8:00 PM

PennantPark Floating Rate Capital Ltd. Completes the Reset of a $356.5 Million Securitization, Substantially Reducing Borrowing Costs

MIAMI, Feb. 24, 2026 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE:PFLT) today announced that PennantPark CLO VIII, LLC, a wholly-owned and consolidated subsidiary of the Company, has closed the refinancing of a four-year reinvestment period, twelve-year final maturity $356.5 million debt securitization.

The debt issued in this securitization (the "Debt") is structured in the following manner:

Class

Par Amount($ in millions)

% of CapitalStructure

Coupon

Expected Rating(S&P)

IssuancePrice

A-1-R Notes

$123,000,000

34.5%

3 Mo SOFR + 1.43%

AAA

100.0%

A-1-R Loans

80,000,000

22.4%

3 Mo SOFR + 1.43%

AAA

100.0%

A-2-R Notes

14,000,000

3.9%

3 Mo SOFR + 1.60%

AAA

100.0%

B-R Loans

26,250,000

7.4%

3 Mo SOFR + 1.75%

AA