E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers P > Headlines for PennantPark Floating Rate Capital Ltd. > News item
Published on 9/20/2019 in the Prospect News Bank Loan Daily.

PennantPark to repay some loan borrowings via securitization proceeds

By Sarah Lizee

Olympia, Wash., Sept. 20 – PennantPark Floating Rate Capital Ltd. plans to repay a portion of its $520 million secured credit facility, according to an 8-K filing with the Securities and Exchange Commission.

The company said it will use proceeds from a $301.4 million term debt securitization transaction that closed Thursday.

PennantPark Floating Rate Capital is managed by New York-based PennantPark Investment Advisers, LLC. The business development company invests primarily in U.S. middle-market private companies in the form of floating-rate senior secured loans.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.