PENNANTPARK FLOATING RATE CAPITAL LTD.
590 MADISON AVENUE, 15TH FLOOR
NEW YORK, NY 10022
January 29, 2018
VIA EDGAR
United States Securities and Exchange Commission
Division of Investment Management
100 F Street, N.E.
Washington, DC 20549
Attn: Ashley Vroman-Lee and Megan Miller
| Re: | PennantPark Floating Rate Capital Ltd. |
| Registration Statement on FormN-2 |
| File Number333-215111 |
Dear Commissioners:
Pursuant to Rule 461 under the Securities Act of 1933, as amended, PennantPark Floating Rate Capital Ltd. (the “Company”) respectfully requests acceleration of the effective date of Post-Effective Amendment No. 3 to its Registration Statement on FormN-2 (RegistrationNo. 333-215111) (the “Registration Statement”) so that such Registration Statement may be declared effective on January 31, 2018, or as soon as practicable thereafter.
We request that we be notified of such effectiveness by a telephone call to William J. Tuttle of Dechert LLP at (202)261-3352, and that such effectiveness also be confirmed in writing.
Very truly yours,
PennantPark Floating Rate Capital Ltd. | ||
| By: | /s/ Aviv Efrat | |
| Name: | Aviv Efrat | |
| Title: | Chief Financial Officer | |
