PennantPark Floating Rate Capital Ltd. 8-K

What Happened

• On February 25, 2026, PennantPark Floating Rate Capital Ltd. entered into an underwriting agreement with PennantPark Investment Advisers, LLC and Raymond James & Associates, Inc., as representative of the underwriters, for the issuance and sale of $200 million aggregate principal amount of 6.75% Notes due 2029. The Company filed the Form 8-K on February 27, 2026 to disclose the agreement.
• The Offering is being made under the Company’s effective shelf registration statement on Form N-2 (Registration No. 333-279726), and was supplemented by a preliminary and final prospectus supplement each dated February 25, 2026. The underwriting agreement (Exhibit 1.1) includes customary representations, covenants, indemnities and contribution provisions.

Key Details

• $200,000,000 aggregate principal amount of notes to be issued.
• Interest rate: 6.75% fixed; Maturity: 2029.
• Underwriting agreement dated February 25, 2026; underwriter representative: Raymond James & Associates, Inc.
• Offering made pursuant to Form N-2 shelf (No. 333-279726) with prospectus supplements dated February 25, 2026.

Why It Matters

• The transaction will create a fixed-rate debt obligation of $200M maturing in 2029, which will affect the company’s leverage and future interest expense. Investors should review the prospectus supplements and the underwriting agreement (filed as Exhibit 1.1) for full terms and any use-of-proceeds disclosures.
• This 8-K is a material financing disclosure — retail investors monitoring PennantPark’s credit profile, dividend coverage and liquidity should note the timing, size and coupon of the new notes.