PennantPark Floating Rate Capital Ltd. (PFLT) entered into an underwriting agreement on February 25, 2026, for the issuance and sale of $200 million aggregate principal amount of 6.75% Notes due 2029. The offering is being made pursuant to the company's effective shelf registration statement on Form N-2 (Registration No. 333-279726), which was declared effective on July 17, 2024. Raymond James & Associates, Inc. is acting as the representative of the several underwriters, which also include Keefe, Bruyette & Woods, Inc., Citizens JMP Securities, LLC, Truist Securities, Inc., ING Financial Markets LLC, Oppenheimer & Co. Inc., and Regions Securities LLC. The notes will be issued under a Base Indenture dated March 23, 2021, as supplemented by a Second Supplemental Indenture. The purchase price for the notes is 98.134% of the aggregate principal amount. The company intends to apply the net proceeds from the sale of the Securities in the manner set forth under the caption 'Use of Proceeds' in the Preliminary Prospectus and the Prospectus.