MIAMI, July 26, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE:PFLT) today announced that PennantPark CLO I, Ltd ("CLO I"), a wholly-owned and consolidated subsidiary of the Company, has closed the refinancing and upsize of a four-year reinvestment period, twelve-year final maturity $351.0 million debt securitization in the form of a collateralized loan obligation ("CLO"). The debt issued in the CLO (the "Debt") is structured in the following manner: Class Par Amount($ in millions) % of Capital Structure Coupon Expected Rating(S&P) Issuance Price A-1-R Notes $ 203,000,000   57.8 % 3 Mo SOFR + 1.75% AAA 100.0 % A-2-R Notes   10,500,000   3.0 % 3 Mo SOFR + 1.90% AAA 100.0 % B-R Notes   12,000,000   3.4 % 3 Mo SOFR + 2.05%