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home / news releases / LRFC - Logan Ridge Finance portfolio company completes refinancing recapitalization transaction

LRFC - Logan Ridge Finance portfolio company completes refinancing recapitalization transaction

Logan Ridge Finance Corporation

  • Logan Ridge Finance Corporation ( NASDAQ: LRFC ) said its portfolio company Eastport Holdings completed a refinancing and recapitalization transaction on Jun. 29.
  • LRFC received $16.5M in cash and $19.25M in principle of a new debt security - maturing Sep. 29, 2027, and carrying interest at a rate of 3-month SOFR+850, with a 1.0% SOFR floor - in exchange for all of its previous debt and equity securities.
  • LRFC shares were trading +0.79% post-market.
  • Source: Press Release

For further details see:

Logan Ridge Finance portfolio company completes refinancing, recapitalization transaction
Stock Information
Company Name: Logan Ridge Finance Corporation
Stock Symbol: LRFC
Market: NASDAQ
Website: loganridgefinance.com
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