Loan & DebtMay 27, 2026, 05:48 PM
PennantPark Prices $100M 7.375% Notes Due 2031
AI Summary
PennantPark Floating Rate Capital Ltd. announced the pricing of an underwritten public offering of $100 million aggregate principal amount of 7.375% notes due 2031. The notes will mature on June 15, 2031, and the offering is expected to close around June 1, 2026. The company intends to use the net proceeds to repay outstanding obligations under its revolving credit facility, invest in new or existing portfolio companies, and for general corporate or strategic purposes.
Key Highlights
- Priced $100 million aggregate principal amount of 7.375% notes due 2031.
- Notes mature on June 15, 2031, and are redeemable from June 15, 2028.
- Offering expected to close on or about June 1, 2026, subject to customary conditions.
- Notes expected to be listed on NYSE under the symbol "PFLA" within 30 days.
- Underwriters granted a 30-day option to purchase up to an additional $15 million in notes.
- Proceeds will repay revolving credit facility, invest in portfolio companies, and for general corporate purposes.
Price Impact
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