Portman Ridge Finance Corporation (PTMN) has completed the merger with Logan Ridge Finance Corporation (LRFC), with Portman Ridge Finance Corporation continuing as the surviving entity.
As part of the merger, LRFC shareholders will receive approximately 4.0 million shares of common stock, equating to 1.5 shares for each LRFC common share.
Furthermore, on July 14, 2025, Liberty Road Financial Corporation’s Board of Directors declared a tax distribution of $0.38 per share, payable around July 22, 2025, to shareholders of record on that date.
Ted Goldthorpe, President and CEO of Portman Ridge Finance Corporation and Head of the BC Partners Credit Platform, expressed gratitude to the shareholders and independent directors of both companies for their strong support throughout the merger process.
