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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Truist Bank Leads Credit Facility Upsize to $736MM for PennantPark Floating Rate Capital
Friday, December 27, 2024
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Lenders/Participants
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Truist Bank [Lead Lender]
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Structure
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Credit Facility Upsize
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Amount
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$736.000
Million
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Borrower(s)
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PennantPark Floating Rate Capital
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Description
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Upsized its credit facility, led by Truist Bank to $736 million from $636 million. Pricing on this facility remained unchanged at SOFR plus 225 basis points. The Credit Facility is secured by all of the assets held by PennantPark Floating Rate Funding I, LLC, a wholly-owned subsidiary of the Company, and includes customary covenants, including minimum asset coverage and minimum equity requirements.
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Industry
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Lender Finance
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| Related Tags |
Bank Lender, PennantPark, Private Credit, Truist Bank
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ABL Advisor
Deal Tables
2024
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