PennantPark Floating Rate Capital Ltd. Amends Credit Facility
PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) announced today that on May 14, 2012, through PennantPark Floating Rate Funding I, LLC, a wholly-owned subsidiary of the Company ("Funding I"), it has amended and restated its revolving credit facility with SunTrust Bank, which (i) improved borrowing base limits by including a matrix-based advance rate and (ii) extended the maturity date to May 14, 2017. The Credit Facility has the same maximum borrowing amounts and interest rates as the Company's previous credit facility and includes customary covenants, including minimum asset coverage and minimum equity.
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