Subsequent to June 30, 2021, Logan Ridge Finance Corporation (the "Company") provided six new portfolio companies with $51.9 million of debt investment commitments.
Additionally, subsequent to June 30, 2021, the Company has completed sales of its investments in five portfolio companies (including three equity investments) valued at $58.7 million as of June 30, 2021. Specifically, the Company has successfully sold its investments in Rapid Fire Protection, Inc., 3 Bridge Solutions, LLC, AmeriMark Direct, LLC, Seitel, Inc., and Corporate Visions, Inc., generating proceeds of $59.7 million, of which approximately $11.2 million represented the sales of equity interests. These positions were marked at $58.7 million as of June 30, 2021, and the Company's equity interests were valued at $10.2 million. Based on the marks as of June 30, 2021, the Company has successfully exited approximately 14% of its equity portfolio.
As of September 30, 2021, the Company had approximately $124.9 million of indebtedness outstanding, none of which was secured indebtedness, and none of which was indebtedness of its subsidiaries.
Attachments
Original document
Permalink
Disclaimer
Logan Ridge Finance Corp. published this content on 27 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2021 13:17:16 UTC.
Logan Ridge Finance Corporation is a business development company. The Companyâs investment objective is to generate both current income and capital appreciation through debt and equity investments. It offers customized financing to business owners, management teams and financial sponsors for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. The Company invests in first lien loans, and, to a lesser extent, second lien loans and equity securities issued by lower middle-market and traditional middle-market companies. The Company invests in a portfolio of sectors, such as healthcare, business services, financials, information technology, industrials, consumer discretionary, communication services, consumer staples, entertainment, and data processing and digital marketing. The Company's investment advisor is Mount Logan Management LLC (Mount Logan).
CAPITALA FINANCE CORP. 
