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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Truist Bank Leads Credit Facility Upsize to $611MM for PennantPark Floating Rate Capital
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Lenders/Participants
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Truist Bank [Lead Lender]
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Structure
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Credit Facility Upsize
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Amount
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$611.000
Million
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Borrower(s)
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PennantPark Floating Rate Capital
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Description
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Upsized its credit facility to $611 million from $436 million. Pricing on this facility remained unchanged at SOFR plus 236 basis points. The Credit Facility is secured by all of the assets held by PennantPark Floating Rate Funding I, LLC, a wholly-owned subsidiary of the Company, and includes customary covenants, including minimum asset coverage and minimum equity requirements.
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Industry
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Investment Financing
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| Related Tags |
BDC, Business Development Company, PennantPark
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ABL Advisor
Deal Tables
2025
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