Logan Ridge Finance Corp.
loganridgefinance.comWhat Do They Do?
Invests in first-lien and second-lien loans and equity securities issued by lower and traditional middle-market companies, providing customized financing to business owners, management teams and financial sponsors.
10-K for FY2024, filed Mar 13, 2025Our investment objective is to generate both current income and capital appreciation through debt and equity investments. We offer…View ↗
How Do They Make Money?
Earns interest on loans, including some contractually deferred interest added to loan balances and generally due at maturity; it also earns investment-related fees when earned and prepayment penalties when received.
10-K for FY2024, filed Mar 13, 2025
$4.2M
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10-K for FY2024, filed Mar 13, 2025
$4.2M ↗
Who Are Their Customers?
Provides capital to lower and traditional middle-market companies, working with business owners, management teams and financial sponsors on ownership changes, recapitalizations, acquisitions and expansion.
10-K for FY2024, filed Mar 13, 2025
Do Revenues Turn Into Profits?
No. It lost $29K in FY2024.
10-K for FY2024, filed Mar 13, 2025
10-K for FY2024, filed Mar 13, 2025
−$29KView ↗
How Are They Changing?
- Net income
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Sources
10-Q for Q1 FY2025, filed May 8, 2025
−$5.4MView ↗
- ▼ Now a loss
- vs $1.9M in Q1 FY2024
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Jul 16, 2025
Merged into Portman Ridge Finance Corporation
Each Logan Ridge share converted into 1.5 Portman Ridge shares, and Logan Ridge’s NASDAQ trading was suspended.
Sources
8-K, filed Jul 16, 2025
In accordance with the terms of the Merger Agreement, at the effective time of the First Merger, each outstanding share of common stock…View ↗
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