Logan Ridge Finance Corporation Amends and Extends its Existing Senior Secured Revolving Credit Facility [Yahoo! Finance]
Logan Ridge Finance Corporation (LRFC)
Company Research
Source: Yahoo! Finance
Revises Advance Rates and Concentration Limits NEW YORK, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (Nasdaq: LRFC) (the “Company”) today announced that it has amended and extended its existing senior secured revolving credit facility (as amended, the “Credit Facility”) with KeyBank National Association. Under the terms of the amendment, the applicable margin during the reinvestment period was reduced from 2.90% per annum to 2.80% per annum, and the applicable margin during the amortization period was reduced from 3.25% per annum to 3.20% per annum. The reinvestment period was also extended from May 2025 to August 2027, and the maturity date was extended from May 2027 to August 2029. Of note, the Credit Facility continues to provide for borrowing of up to $75.0 million, and an uncommitted accordion feature that allows the Company to borrow up to an additional $125.0 million. Furthermore, under the terms of the amendment, the advance rates and concentration
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News
- Logan Ridge Finance Corporation Announces the Successful Exit of its Largest Equity Investment, Nth Degree Investment Group, LLC [Yahoo! Finance]Yahoo! Finance
- Logan Ridge Finance Corporation Announces the Successful Exit of its Largest Equity Investment, Nth Degree Investment Group, LLCGlobeNewswire
- How did the Acquisition Impact Logan Ridge Financial (LRFC)? [Yahoo! Finance]Yahoo! Finance
- Logan Ridge Finance Corp.: The Team Continues To Execute Their Calculated Turnaround [Seeking Alpha]Seeking Alpha
- Logan Ridge Finance Corporation Amends and Extends its Existing Senior Secured Revolving Credit FacilityGlobeNewswire
LRFC
Sec Filings
- 9/13/24 - Form 8-K
- 8/22/24 - Form 8-K
- 8/9/24 - Form 8-K
- LRFC's page on the SEC website