<SEC-DOCUMENT>0001171843-20-002039.txt : 20200326
<SEC-HEADER>0001171843-20-002039.hdr.sgml : 20200326
<ACCEPTANCE-DATETIME>20200326160512
ACCESSION NUMBER:		0001171843-20-002039
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200326
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20200326
DATE AS OF CHANGE:		20200326

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PennantPark Floating Rate Capital Ltd.
		CENTRAL INDEX KEY:			0001504619
		IRS NUMBER:				273794690
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00891
		FILM NUMBER:		20746166

	BUSINESS ADDRESS:	
		STREET 1:		590 MADISON AVENUE
		STREET 2:		15TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		(212) 905-1000

	MAIL ADDRESS:	
		STREET 1:		590 MADISON AVENUE
		STREET 2:		15TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PennantPark Senior Floating Rate Fund Inc.
		DATE OF NAME CHANGE:	20101029
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k_032620.htm
<DESCRIPTION>FORM 8-K
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        <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>UNITED STATES</B></P>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Washington, D.C. 20549</P>
        <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

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        <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>FORM 8-K</B></P>
        <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">CURRENT REPORT</P>
        <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Pursuant to Section 13 or 15(d) of the</P>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Securities Exchange Act of 1934</P></TD>
    </TR>
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<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><B>Date of Report: March 26, 2020</B></P>

<P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">(Date of earliest event reported)</P>

<P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><B>PennantPark Floating Rate Capital Ltd.</B></P>

<P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">(Exact name of registrant as specified in its charter)</P>


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        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(State or other jurisdiction</P>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">of incorporation)</P></TD>
    <TD STYLE="width: 32%">
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>814-00891</B></P>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Commission File Number)</P></TD>
    <TD STYLE="width: 34%">
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>27-3794690</B></P>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(IRS Employer</P>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">Identification Number)</P></TD></TR>
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    <TD STYLE="width: 40%">
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>590 Madison Avenue, 15th Floor, New York, NY</B></P>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Address of principal executive offices)</P></TD>
    <TD STYLE="width: 20%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 40%">
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>10022</B></P>
        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(Zip Code)</P></TD></TR>
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<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><B>212-905-1000</B></P>

<P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">(Registrant's telephone number, including area code)</P>


<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt"><B>Not Applicable</B></P>

<P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">(Former Name or Former Address, if changed since last report) </P>


<P STYLE="font-size: 10pt; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="margin: 0pt 0; font-size: 10pt">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&#9744; Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&#9744; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&#9744; Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&#9744; Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0">Securities registered pursuant to Section 12(b) of the Act:</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; text-align: center"><B>Title of Each Class</B></TD>
    <TD STYLE="width: 32%; text-align: center"><B>Trading Symbol(s)</B></TD>
    <TD STYLE="width: 34%; text-align: center"><B>Name of Each Exchange on Which Registered</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">Common Stock, par value $0.001 per share</TD>
    <TD STYLE="text-align: center">PFLT</TD>
    <TD STYLE="text-align: center">The Nasdaq Stock Market LLC</TD></TR>
</TABLE>
<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging growth company as defined
in Rule 405 of the Securities Act of 1933 (17 CFR &sect;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR
&sect;240.12b-2). Emerging growth company &#9744;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">If an emerging growth company, indicate by check mark if the registrant has elected
not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. &#9744;</P>

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        <P STYLE="font-size: 10pt; margin: 0pt 0"><B>Item 8.01. Other Events</B></P>
        <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>
        <P STYLE="margin: 0pt 0; font-size: 10pt"></P>

<P STYLE="font-size: 10pt; margin: 0pt 0">On March 26, 2020, PennantPark Floating Rate Capital Ltd. (the &ldquo;Company&rdquo;)
received notice from S&amp;P Global Ratings that it has downgraded the Company to &lsquo;ilA&rsquo; from &lsquo;ilA+&rsquo; on
the S&amp;P Global Rating Maalot&nbsp;(Israel) National Scale. S&amp;P Global Ratings&rsquo; outlook for the Company was revised
to negative from stable.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">S&amp;P Global Ratings also notified the Company that it has lowered the rating of the
Company&rsquo;s unsecured notes due December 15, 2023 (the &ldquo;2023 Notes&rdquo;) to &lsquo;ilA-&rsquo; from &lsquo;ilA+&rsquo;
on the S&amp;P Global Rating Maalot&nbsp;(Israel) National Scale. As a result of this downgrade and pursuant to the Deed of Trust
governing the 2023 Notes, the coupon interest rate on the 2023 Notes will increase to 4.33% from 3.83%, effective as of March 26,
2020. The weighted average semi-annual interest rate to be paid by the Company to the noteholders on June 15, 2020, the next interest
payment date, is approximately 2.03%.</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">The 2023 Notes have not been registered under the Securities Act of 1933, as amended
(the &ldquo;Securities Act&rdquo;), and may not be offered or sold in the United States absent registration under the Securities
Act or in transactions exempt from, or not subject to, such registration requirements.&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; margin: 0pt 0">The information in this report on Form 8-K is being furnished and shall not be deemed
&ldquo;filed&rdquo; for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;),
or otherwise subject to the liabilities of such section. The information in this report on Form 8-K shall not be deemed incorporated
by reference in any filing under the Securities Act or under the Exchange Act, except as shall be expressly set forth by specific
reference in such filing.</P>


        <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>
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        <P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>SIGNATURE</B></P>
        <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp; &nbsp; &nbsp; Pursuant to the requirements of the Securities Exchange Act of 1934,
        the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P></TD></TR>
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        <P STYLE="font-size: 10pt; margin: 0pt 0">Dated: March 26, 2020</P>
        <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="width: 50%">
        <P STYLE="font-size: 10pt; margin: 0pt 0"><B>PENNANTPARK FLOATING RATE CAPITAL LTD.</B></P>
        <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font-size: 10pt; margin: 0pt 0">By: <U>&nbsp;/s/ Aviv Efrat &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
        &nbsp;</U></P>
        <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp; &nbsp; &nbsp;Aviv Efrat</P>
        <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp; &nbsp;  <I>Chief Financial Officer &amp; Treasurer</I></P>
        <P STYLE="font-size: 10pt; margin: 0pt 0">&nbsp;</P></TD></TR>
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