PennantPark Continues To Grow Its Middle Market CLO Business with the Closing of a $300.8 Million CLO
PennantPark Investment Advisers, LLC announced the closing of a $300.8 million debt securitization in the form of a collateralized loan obligation (“CLO”). The debt issued in the CLO, has a three-year reinvestment period and 11-year final maturity.
“This transaction reinforces PennantPark’s commitment to the growth of our CLO platform, and our ability to access attractive, long-term financing well matched to the lower risk nature of the underlying assets we originate.,” said Arthur Penn, Chief Executive Officer of PennantPark.