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Truist Bank Leads Upsize of PennantPark’s Credit Facility to $611MM

As a result of expanded lender partner relationships, PennantPark Floating Rate Capital (PFLT) has upsized its credit facility, led by Truist Bank, to $611 million from $436 million. Pricing on this facility remained unchanged at SOFR plus 236 basis points.

PennantPark Floating Rate Capital Appoints Cheung CFO and Treasurer

PennantPark Floating Rate Capital appointed Richard Cheung CFO and treasurer. Cheung most recently served as senior managing director and head of alternative investment accounting at Guggenheim Partners, where he served in various roles since 2008.

June 22, 2021 Arthur Penn | Aviv Efrat | PennantPark Floating Rate Capital | Richard Cheung Ian Koplin

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Truist Bank Leads Upsize of PennantPark’s Credit Facility to $611MM

PennantPark Floating Rate Capital Appoints Cheung CFO and Treasurer