Filed Pursuant to Rule 497(a)
Registration No. 333-235532
Rule 482ad
[TEXT OF COMMUNICATION SENT VIA BLOOMBERG]
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| Issuer: |
PennantPark Floating Rate Capital Ltd. [“PFLT”] | |
| Expected Ratings: |
BBB (Egan Jones: Stable) | |
| Size: |
$100mm | |
| Tenor: |
5yr FXD | |
| Maturity Date: |
04/01/2026 | |
| Format: |
SEC Registered | |
| Ranking: |
Senior Unsecured Notes | |
| Active Bookrunners: |
GS (B&D) / KBW / TRUIST | |
| Co-Managers: |
JMP / LADENBURG | |
| Use of Proceeds: |
Reduce outstanding obligations under the Credit Facility, to invest in new or existing portfolio companies or for other general corporate or strategic purposes. | |
| Optional Redemption: |
Make Whole Call; 3mo Par Call Prior to Maturity. | |
| Change of Control: |
100% | |
| Denominations: |
$2,000 x $1,000 | |
| Settlement: |
T+3 – 03/23/2021 | |
| Timing: |
Today’s Business |
The issuer has an effective registration statement on file with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement for this offering, and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-866-471-2526.
A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
Investors are advised to carefully consider the investment objectives, risks, charges and expenses of PennantPark Floating Rate Capital Ltd. before investing. The preliminary prospectus supplement dated March 18, 2021, together with the accompanying prospectus dated January 29, 2020, which have been filed with the Securities and Exchange Commission (the “SEC”), contain this and other information about PennantPark Floating Rate Capital Ltd. and should be read carefully before investing.
The information in the preliminary prospectus supplement and the accompanying prospectus, and in this announcement, is not complete and may be changed. The preliminary prospectus supplement, the accompanying prospectus and this announcement are not offers to sell any securities of PennantPark Floating Rate Capital Ltd. and are not soliciting an offer to buy such securities in any state or jurisdiction where such offer and sale is not permitted.
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