Portman Ridge Finance Corporation Amends and Extends Its Senior Secured Revolving Credit Facility [Yahoo! Finance]
Portman Ridge Finance Corporation - Closed End Fund (PTMN)
Company Research
Source: Yahoo! Finance
NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) today announced that it has amended and extended its existing senior secured revolving credit facility (“Credit Facility”) with JPMorgan Chase Bank, National Association (“JPM”). Under the terms of the amendment, there was a committed increase to the aggregate principal amount of the Credit Facility in an amount not to exceed $85.0 million, for a total of $200.0 million, the applicable margin was reduced from 2.80% per annum to 2.50% per annum, and there was a committed seven-day bridge advance in an aggregate principal amount of approximately $18.3 million. Additionally, the reinvestment period was extended from April 29, 2025 to August 29, 2026, and the maturity date was extended from April 29, 2026 to August 29, 2027. The Senior Secured Notes due November 20, 2029 and issued by Portman Ridge Funding 2018-2 LLC, will be refinanced in connection with the committed increas
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News
- https://seekingalpha.com/article/4744553-portman-ridge-finance-this-16-4-percent-yield-is-a-hold-for-now-but-proceed-with-caution [Seeking Alpha]Seeking Alpha
- Boards of Directors of Portman Ridge Finance Corporation and Logan Ridge Finance Corporation Form Special Committees to Continue Evaluating Potential Business Combination [Yahoo! Finance]Yahoo! Finance
- Boards of Directors of Portman Ridge Finance Corporation and Logan Ridge Finance Corporation Form Special Committees to Continue Evaluating Potential Business CombinationGlobeNewswire
- Portman Ridge Finance Co. (NASDAQ: PTMN) had its price target lowered by analysts at Keefe, Bruyette & Woods from $19.00 to $18.00. They now have a "market perform" rating on the stock.MarketBeat
- Portman Ridge Finance Corp (PTMN) Q3 2024 Earnings Call Highlights: Navigating Challenges with ... [Yahoo! Finance]Yahoo! Finance
PTMN
Earnings
- 11/7/24 - Miss
PTMN
Sec Filings
- 12/4/24 - Form DEL
- 11/25/24 - Form N-2
- 11/14/24 - Form SC
- PTMN's page on the SEC website