PennantPark Floating Rate Capital Ltd. Announces Pricing of Public Offering of Common Stock

Aug 09, 2022

MIAMI, Aug. 08, 2022 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) (TASE: PFLT), a business development company (the “Company”), today announced that it has priced an underwritten primary offering of 4,000,000 shares of its common stock at a public offering price of $12.40 per share pursuant to the Company’s shelf registration statement, which was filed with, and has been declared effective by, the Securities and Exchange Commission (the “Commission”), which will result in gross proceeds to the Company of approximately $49.6 million, before deducting underwriting commission and discounts and estimated offering expenses. In addition, in connection with this offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of common stock. The offering is expected to close on August 11, 2022, subject to customary closing conditions.

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