PennantPark CLO VI LLC is a $315.80 million middle market CLO managed by PennantPark Senior Secured Loan Fund I LLC. This is a proposed refinancing of its April 2023 transaction. Based on provisions in the transaction documents and the portfolio characteristics: The replacement class A-R loans and class A-R, B-R and C-R notes are expected to be issued at a lower spread over three-month term SOFR than the original debt. The stated maturity and reinvestment period date will be extended by two years. The non-call period will be extended by approximately two years. Of the identified underlying collateral obligations, 100% have credit ratings (which may include confidential ratings, private ratings, and credit estimates) assigned by S&P Global Ratings. Of the
