MIAMI, May 27, 2026 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the 'Company”) (NYSE: PFLT) today announced that it has priced an underwritten public offering of $100 million aggregate principal amount of its 7.375% notes due 2031 (the 'Notes”). The Notes will mature on June 15, 2031 and may be redeemed in whole or in part at the Company’s option at any time on and after June 15, 2028, upon not less than 30 days nor more than 60 days’ written notice prior to the date fixed for redemption thereof, at a redemption price of 100% of the outstanding principal amount thereof plus accrued and unpaid interest payments otherwise payable for the then-current quarterly interest period accrued to, but excluding, the date fixed for redemption. The offering is expected to close on or about June 1, 2026, subject to the satisfaction of customary closing conditions. The Notes are expected to be listed on the New York Stock Exchange and to trade thereon within 30 days of the original issue date under the symbol 'PFLA”.