PennantPark Prices $200M 6.75% Notes Offering
PennantPark Floating Rate Capital has priced an underwritten public offering of $200M aggregate principal amount of its 6.75% notes due 2029. The Notes will mature on March 4, 2029 and may be redeemed in whole or in part at the Company's option at any time at par plus a "make-whole" premium, if applicable, provided that the Notes may be redeemed at par three months prior to their maturity. The offering is expected to close on or about March 4, 2026, subject to the satisfaction of customary closing conditions.The Company intends to use the net proceeds from the offering to repay our outstanding obligations under its revolving credit facility, to invest in new or existing portfolio companies and for general corporate or strategic purposes. Raymond James & Associates, Inc., Keefe, Bruyette & Woods, A Stifel Company, Citizens JMP Securities, LLC and Truist Securities, Inc. are acting as joint book-running managers for this offering. ING Financial Markets LLC, Oppenheimer & Co. Inc. and Regions Securities LLC are acting as co-managers for this offering.
