<SEC-DOCUMENT>0001171843-22-005493.txt : 20220809
<SEC-HEADER>0001171843-22-005493.hdr.sgml : 20220809
<ACCEPTANCE-DATETIME>20220809064250
ACCESSION NUMBER:		0001171843-22-005493
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220809
DATE AS OF CHANGE:		20220809

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:		497AD
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-235532
		FILM NUMBER:		221146295

	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>497AD
<SEQUENCE>1
<FILENAME>f497ad_0808.htm
<DESCRIPTION>497AD
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<P STYLE="font-size: 10pt; text-align: right; margin: 0; background-color: white">Filed Pursuant to Rule 497(a)</P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0; background-color: white">Registration&nbsp;No.&nbsp;333-235532</P>

<P STYLE="font-size: 10pt; text-align: right; margin: 0; background-color: white">Rule 482ad</P>

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

<P STYLE="font-size: 10pt; text-align: center; margin: 0"><B>PennantPark Floating Rate Capital Ltd. Announces Pricing of Public Offering
of Common Stock</B></P>

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

<P STYLE="font-size: 10pt; text-align: justify; margin: 0 0.1in 0 0"><B>MIAMI, August 8, 2022 (GLOBE NEWSWIRE) -- PennantPark Floating
Rate Capital Ltd. (NYSE: PFLT) (TASE: PFLT)</B>, a business development company (the &ldquo;Company&rdquo;), today announced that it has
priced an underwritten primary offering of 4,000,000 shares of its common stock at a public offering price of $12.40 per share pursuant
to the Company&rsquo;s shelf registration statement, which was filed with, and has been declared effective by, the Securities and Exchange
Commission (the &ldquo;Commission&rdquo;), which will result in gross proceeds to the Company of approximately $49.6 million, before deducting
underwriting commission and discounts and estimated offering expenses. In addition, in connection with this offering, the Company has
granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of common stock. The offering is expected to close
on August 11, 2022, subject to customary closing conditions. &nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0 0.1in 0 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0">The Company expects to use the net proceeds from the offering to reduce outstanding
obligations under its existing indebtedness, to invest in new or existing portfolio companies, to capitalize a subsidiary or new joint
venture or for other general corporate or strategic purposes.</P>

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

<P STYLE="font-size: 10pt; text-align: justify; margin: 0">Morgan Stanley, Goldman Sachs &amp; Co. LLC, J.P. Morgan, Keefe, Bruyette &amp;
Woods, <I>A Stifel Company</I>, RBC Capital Markets, LLC and Truist Securities are serving as joint book-running managers for the offering.
Janney Montgomery Scott LLC, Ladenburg Thalmann &amp; Co. Inc., Maxim Group LLC and Comerica Securities, Inc. are serving as co-managers
for the offering.</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0 0.1in 0 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: justify; margin: 0"><B>Investors are advised to carefully consider the investment objectives, risks
and charges and expenses of the Company before investing. The preliminary prospectus supplement, dated August 8</B>, <B>2022 and the accompanying
prospectus, dated January 29</B>, <B>2020, which have been filed with the Commission, contain this and other information about the Company
and should be read carefully before investing.</B></P>

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

<P STYLE="font-size: 10pt; text-align: justify; margin: 0">This press release does not constitute an offer to sell or the solicitation
of an offer to buy nor will there be any sale of the shares referred to in this press release in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.</P>

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

<P STYLE="font-size: 10pt; text-align: justify; margin: 0"><B>The offering may be made only by means of a prospectus and a related prospectus
supplement, copies of which may be obtained from the joint book-running managers at: Morgan Stanley &amp; Co. LLC, Attn. Prospectus Department,
180 Varick Street, New York, NY 10014; Goldman Sachs &amp; Co. LLC, 200 West Street, New York, NY 10282; J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; Keefe, Bruyette &amp; Woods, Inc., 787 Seventh Avenue, 4th
Floor, New York, NY 10019; RBC Capital Markets, LLC, 200 Vesey Street, New York, NY 10281; and Truist Securities, Inc., 3333 Peachtree
Road NE, Atlanta, GA 30326.</B></P>

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

<P STYLE="font-size: 10pt; margin: 0"><B>About PennantPark Floating Rate Capital Ltd.</B></P>

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

<P STYLE="font-size: 10pt; margin: 0">PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests
in U.S. middle-market companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured
debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd.
is managed by PennantPark Investment Advisers, LLC.</P>

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

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

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

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<P STYLE="margin: 0; font-size: 10pt"><B>About PennantPark Investment Advisers, LLC</B></P>

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

<P STYLE="font-size: 10pt; margin: 0">PennantPark Investment Advisers, LLC is a leading middle-market credit platform, managing approximately
$6.0 billion of investable capital, including potential leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has
provided investors access to middle-market credit by offering private equity firms and their portfolio companies as well as other middle-market
borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in
Miami and has offices in New York, Chicago, Houston, and Los Angeles.</P>

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

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

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

<P STYLE="font-size: 10pt; margin: 0">This press release may contain &ldquo;forward-looking statements&rdquo; within the meaning of the
Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act of 1933,
as amended, and Section 21E(b)(2)(B) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, the &ldquo;safe harbor&rdquo;
provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports
we file under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking
statements and are not guarantees of future performance or results, and involve a number of risks and uncertainties. Actual results may
differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time
to time in filings with the Securities and Exchange Commission as well as changes in the economy and risks associated with possible disruption
in the Company&rsquo;s operations or the economy generally due to terrorism, natural disasters or pandemics such as COVID-19. PennantPark
Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence
on such forward-looking statements as such statements speak only as of the date on which they are made.</P>

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

<P STYLE="font-size: 10pt; margin: 0">We may use words such as &ldquo;anticipates,&rdquo; &ldquo;believes,&rdquo; &ldquo;expects,&rdquo;
&ldquo;intends,&rdquo; &ldquo;seeks,&rdquo; &ldquo;plans,&rdquo; &ldquo;estimates&rdquo; and similar expressions to identify forward-looking
statements.</P>

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

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

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

<P STYLE="font-size: 10pt; margin: 0">Richard T. Allorto, Jr.</P>

<P STYLE="font-size: 10pt; margin: 0">PennantPark Floating Rate Capital Ltd.</P>

<P STYLE="font-size: 10pt; margin: 0">(212) 905-1000</P>

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

<P STYLE="font-size: 10pt; text-align: center; margin: 24pt 0 30pt">&nbsp;</P>

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