Capital One Agents $420MM PennantPark L/C
Capital One served as administrative agent on a $420 million, five-year senior secured line of credit for PennantPark Senior Secured Loan Fund I, a portfolio company of PennantPark Floating Rate Capital.
Capital One served as administrative agent on a $420 million, five-year senior secured line of credit for PennantPark Senior Secured Loan Fund I, a portfolio company of PennantPark Floating Rate Capital.
PennantPark Floating Rate Capital amended its multi-currency, senior secured credit facility to increase the size from $375 million to $380 million and extend the reinvestment period to November 9, 2020. SunTrust served as administrative agent for the transaction.
PennantPark Floating Rate Capital increased the size of its credit facility from $200 million to $290 million. SunTrust Robinson Humphrey, and Capital One acted as joint lead arrangers.
PennantPark announced it increased its revolver to $545 million. SunTrust Bank acted as administrative agent; SunTrust Robinson Humphrey and J.P. Morgan Securities acted as joint lead arrangers and joint bookrunners.