PennantPark Floating Rate Capital Ltd. has announced that its unconsolidated joint venture, PennantPark Senior Secured Loan Fund II LLC (PSSL II), through its wholly-owned subsidiary PSLF II SPV, LLC, has entered into a new credit agreement. The agreement, dated November 20, 2025, involves various lenders and Goldman Sachs Bank USA acting as syndication agent, administrative agent, and calculation agent, with Western Alliance Trust Company N.A. serving as collateral agent, collateral custodian, and collateral administrator. Under the terms of the agreement, the lenders will provide borrowings of up to $150 million to the borrower. In connection with this financing, PennantPark Floating Rate Capital Ltd. also entered into a Non-Recourse Carveout Guaranty Agreement with Goldman Sachs Bank USA, guaranteeing certain obligations arising from willful misconduct, fraud, misappropriation of proceeds, improper asset transfers, and other specified events related to the transaction. The guarantee covers obligations up to the full $150 million facility size.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PennantPark Floating Rate Capital Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-300797), on November 26, 2025, and is solely responsible for the information contained therein.
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