Business News • MarketWire • PennantPark Floating Rate Capital Ltd. Enters Into $100 Million Five-Year Credit Facility |
PennantPark Floating Rate Capital Ltd. Enters Into $100 Million Five-Year Credit Facility |
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PennantPark Floating Rate Capital Ltd. Enters Into $100 Million Five-Year Credit Facility
NEW YORK, NY--(Marketwire - Jun 29, 2011) - PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) has established an initial $100 million senior secured revolving credit facility (the "Credit Facility") through PennantPark Floating Rate Funding I, LLC ("Funding I"), as borrower and a wholly owned subsidiary of the Company, with SunTrust Robinson Humphrey, Inc. ("STRH") acting as administrative agent and through Three Pillars Funding LLC, an asset-backed commercial paper conduit administered by STRH. The Credit Facility contains an accordion feature whereby it can be expanded to $600 million.
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