PennantPark Floating Rate Capital Ltd. Enters Material Agreement

TL;DR

PNNT signed a new material agreement on 7/25, creating a direct financial obligation.

AI Summary

On July 25, 2024, PennantPark Floating Rate Capital Ltd. entered into a material definitive agreement. This agreement also created a direct financial obligation for the registrant. The filing includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates a significant new financial commitment or agreement for PennantPark Floating Rate Capital Ltd., which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating new financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet them.

Key Players & Entities

• PennantPark Floating Rate Capital Ltd. (company) — Registrant
• July 25, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ich registered Common stock, par value $0.001 per share PFLT The New York Stock E
• $203 million — June 25, 2024, the " Indenture "): (i) $203 million of A-1-R Notes, which bear interest at
• $10.5 million — ancing rate (" SOFR ") plus 1.75%, (ii) $10.5 million of A-2-R Notes, which bear interest at
• $12 million — t at three-month SOFR plus 1.90%, (iii) $12 million of Class B-R Notes, which bear interest
• $28 million — st at three-month SOFR plus 2.05%, (iv) $28 million of C-R Notes, which bear interest at th
• $21 million — at three-month SOFR plus 2.75% and (v) $21 million of D-R Notes, which bear interest at th
• $64 million — s "), (B) the issuance by the Issuer of $64 million of subordinated notes pursuant to the I
• $12.5 million — and (C) the borrowing by the Issuer of $12.5 million of Class B-R Loans, which bear interest
• $277 million — sale and contribution of approximately $277 million par amount of middle market loans from

Filing Documents

• d811290d8k.htm (8-K) — 40KB
• d811290dex101.htm (EX-10.1) — 1800KB
• d811290dex102.htm (EX-10.2) — 309KB
• d811290dex103.htm (EX-10.3) — 282KB
• d811290dex104.htm (EX-10.4) — 202KB
• 0001193125-24-186729.txt ( ) — 3399KB
• ck0001504619-20240725.xsd (EX-101.SCH) — 5KB
• ck0001504619-20240725_cal.xml (EX-101.CAL) — 1KB
• ck0001504619-20240725_def.xml (EX-101.DEF) — 10KB
• ck0001504619-20240725_lab.xml (EX-101.LAB) — 2KB
• ck0001504619-20240725_pre.xml (EX-101.PRE) — 11KB
• d811290d8k_htm.xml (XML) — 10KB

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 10.1 Second Supplemental Indenture, dated July 25, 2024, by and between PennantPark CLO I, Ltd, PennantPark CLO I, LLC and U.S. Bank Trust Company, National Association. 10.2 Credit Agreement, dated July 25, 2024, by and among the PennantPark CLO I, Ltd, PennantPark CLO I, LLC, the various financial institutions and other persons party thereto, and U.S. Bank Trust Company, National Association. 10.3 Amended and Restated Master Loan Sale Agreement, dated July 25, 2024, by and between PennantPark Floating Rate Capital Ltd., PennantPark CLO Depositor, LLC and PennantPark CLO I, Ltd. 10.4 Amended and Restated Collateral Management Agreement, dated July 25, 2024, by and between PennantPark CLO I, Ltd. And PennantPark Investment Advisers, LLC. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PENNANTPARK FLOATING RATE CAPITAL LTD. Date: July 29, 2024 By: /s/ Richard T. Allorto, Jr. Name: Richard T. Allorto, Jr. Title: Chief Financial Officer & Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR