MIAMI, May 21, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE:PFLT) today announced that PennantPark Senior Secured Loan Fund I LLC ("PSSL") through PSSL's wholly-owned and consolidated subsidiary, PennantPark CLO II, Ltd ("CLO II") has closed the refinancing of a four-year reinvestment period, twelve-year final maturity $300.7 million debt securitization in the form of a collateralized loan obligation ("CLO"). The debt issued in the CLO (the "Debt") is structured in the following manner: Class Par Amount($ in millions) % of Capital Structure Coupon Expected Rating(S&P) Issuance Price A-1-R Loans $103,000,000 34.3% 3 Mo SOFR + 1.93% AAA 100.0% A-1-R Notes 71,000,000 23.6% 3 Mo SOFR + 1.93% AAA 100.0% A-2-R Notes 5,000,000 1.7% 3 Mo SOFR + 2.20% AAA 100.0% B-R Notes 25,000,000 8.3%