PennantPark CLO VIII, LLC, a wholly-owned subsidiary of PennantPark Floating Rate Capital Ltd., closed a CLO Reset Transaction on February 24, 2026. The transaction involved the refinancing and upsize of a $356.5 million debt securitization with a four-year reinvestment period and a twelve-year final maturity. New Secured Notes were issued, including $123 million of A-1-R Notes (SOFR + 1.43%), $14 million of A-2-R Notes (SOFR + 1.60%), $26.25 million of Class B-R Notes (SOFR + 1.75%), $24.5 million of C-R Notes (SOFR + 2.15%), and $19.25 million of D-R Notes (SOFR + 3.20%). An additional $5.9 million of subordinated notes were issued, bringing the total to $69.45 million in aggregate principal amount of Subordinated Notes. The Issuer also borrowed $80.0 million in Class A-1-R Loans at SOFR + 1.43%. The total Replacement Debt matures in April 2038 and was 100% funded at closing. The obligations of the Issuer under the Replacement Debt are non-recourse to PennantPark Floating Rate Capital Ltd. PennantPark Floating Rate Capital Ltd. will retain the Subordinated Notes through a consolidated subsidiary. The Master Loan Sale Agreement and Collateral Management Agreement were amended and restated, with PennantPark Investment Advisers, LLC continuing as portfolio manager. PennantPark Investment Advisers, LLC will irrevocably waive any base management fee or subordinated interest it may be entitled to under the Collateral Management Agreement for as long as it serves as portfolio manager.