Logan Ridge Finance Corporation announced that it has entered into a note purchase agreement to issue 5.25% Convertible Notes due 2032 for gross proceeds of $15,000,000 on April 1, 2022. The transaction included participation from Wilton Reassurance Company (Wacker), Wilton Reassurance Company, EP DIF Delaware I LLC, Variety Children’s Hospital d/b/a Nicklaus Children’s Hospital, Wilcac Life Insurance Company, BlueCross BlueShield of Tennessee, Inc., Arch Mortgage Insurance Company, United Guaranty Residential Insurance Company, Sagicor Life Insurance Company, Eagle Point Defensive Income Fund NJ LP, Technology Insurance Company, Inc., Wesco Insurance Company, Arch Insurance Company, Arch Reinsurance Company, Endurance Assurance Corporation, Starr Indemnity & Liability Company, Iowa Farm Bureau Federation and Eagle Point Credit Management LLC. The transaction included participation from The notes will mature on April 1, 2032. The notes will have a conversion price of the average closing price for the five trading days immediately prior to the relevant conversion date, provided that the conversion price shall be no less than 65% of the company’s most recently reported net asset value per share of common stock. The notes bear a fixed interest rate of 5.25% per annum payable semi-annually on March 31 and September 30 of each year, commencing on September 30, 2022, subject to a step up of 0.75% per annum to the extent that the convertible notes are downgraded below investment grade by an NRSRO or the convertible notes no longer maintain a rating from an NRSRO. The Company will also be required to pay an additional interest rate of 2.0% per annum on any overdue payment of interest and during the continuance of an event of default. Each holder of a convertible note will have the right, at such holder’s option, to convert all or any portion of such convertible note, at any time on or after April 1, 2023 and prior to the close of business on the business day immediately preceding the maturity date, into such number of shares of the company’s common stock, par value $0.01 per share equal to the principal balance of the convertible note being converted on such date divided by the conversion price. The Company will not issue more than 539,503 shares of common stock. No holder of a convertible note will be entitled to convert any convertible note or portion thereof if such conversion would result in more than $7,500,000 in principal amount of convertible notes being converted in any such calendar quarter.