PennantPark Floating Rate Capital amended its credit facility to increase the size of its credit facility from $200 million to $290 million, and extend its reinvestment period to August 2018 and maturity date to August 2020.

All other terms remain unchanged including the interest rate at LIBOR plus 200 basis points. SunTrust Robinson Humphrey and Capital One acted as joint lead arrangers in connection with the amendment.

“We are extremely pleased with the terms and support of our lending partners. We are also looking forward to adding additional lenders to the facility over time,” said chairman and chief executive officer Arthur H. Penn.

The credit facility is secured by all of the assets held by PennantPark Floating Rate Funding I, a wholly-owned subsidiary of the company, and includes customary covenants, including minimum asset coverage and minimum equity requirements.