Portman Ridge Finance CORP
Market Movers (8-K)
BCP Investment Corporation shareholders elected three directors and ratified the appointment of Deloitte & Touche LLP as the independent auditor for 2026.
BCP Investment Corporation reports Q1 2026 financial results with increased core investment income despite NAV decline.
Capital raise
BCP Investment Corporation has issued $50 million in 7.50% notes due 2029, primarily to refinance existing debt, including $40 million of 5.25% notes due 2026.
Worse than expected
Capital raise
BCP Investment Corporation's subsidiary amended its revolving credit facility, decreasing aggregate commitments to $125 million.
Worse than expected
BCP Investment Corporation announced a 50% increase in total investment income and a 94.2% rise in net investment income for Q3 2025, following its merger with Logan Ridge Finance Corporation.
Capital raise
Better than expected
BCP Investment Corporation has issued $110 million in new senior notes due 2028 and 2030, using proceeds to redeem its 4.875% Notes due 2026 and pay down other indebtedness.
Capital raise
Quarterly Earnings (10-Q)
BCP Investment Corporation reports a significant increase in total assets and net assets following the Logan Ridge Finance Corporation acquisition, despite a dip in Net Asset Value per share.
Capital raise
Better than expected
Portman Ridge Finance Corporation reported a net loss for Q2 2025, driven by realized investment losses, but completed its acquisition of Logan Ridge Finance Corporation, expanding its asset base.
Worse than expected
Capital raise
Portman Ridge Finance Corporation's Q1 2025 results reveal a portfolio update with key investment details and progress on the proposed merger with Logan Ridge Finance Corporation.
Worse than expected
Portman Ridge Finance Corporation's third quarter filing reveals a decrease in portfolio value and a net decrease in net assets resulting from operations.
Worse than expected
Portman Ridge Finance Corporation's second quarter 2024 results show a net decrease in net assets resulting from operations.
Worse than expected
Portman Ridge Finance Corporation's first quarter 2024 results show a net increase in net assets resulting from operations of $4.5 million, or $0.48 per share.
Worse than expected
Annual Reports (10-K)
BCP Investment Corporation reports a net increase in assets from operations for 2025, driven by strategic acquisitions and portfolio activity, despite a decline in net asset value per share.
Worse than expected
Capital raise
Portman Ridge Finance Corporation files its 10-K report, detailing its investment portfolio composition, financial performance, and strategic initiatives for the year ended December 31, 2024.
Portman Ridge Finance Corporation's 10-K filing details its common stock structure, director liabilities, and investment portfolio.
Insider Trading (Form 4)
Edward J. Goldthorpe, Director and President/CEO of BCP Investment Corp, acquired 13,738 shares of common stock.
BCP Investment Corp Director Dean C. Kehler reported a sale of 15,000 common shares on May 18, 2026, for a total transaction value of approximately $114,600.
BCP Investment Corp's Chief Compliance Officer, David Held, purchased 938 shares of common stock at $7.3499 per share.
BCP Investment Corp's Director and 10% owner, George Grunebaum, acquired 6,800 shares of common stock at $7.5399 per share.
Better than expected
BCP Investment Corp Director and 10% Owner Dean C. Kehler reported selling 37,100 shares of common stock at an average price of $7.3772 per share.
BCP Investment Corp's Chief Investment Officer, Patrick Schafer, acquired 2,655 shares of common stock at $7.4774 per share.
Proxy Statements (Def-14A)
Portman Ridge Finance Corporation has adjourned its Special Meeting of Stockholders to June 27, 2025, to allow more time for stockholders to vote on the share issuance proposal for the Logan Ridge merger, despite strong existing support.
Delay expected
Portman Ridge Finance Corporation and Logan Ridge Finance Corporation have rescheduled their special shareholder meetings to June 20, 2025, to allow more time for stockholders to vote on their proposed merger, which has received strong support from early voters and proxy advisors.
Worse than expected
Delay expected
Portman Ridge Finance Corporation will hold its 2025 Annual Meeting of Stockholders virtually on June 24, 2025, to elect directors and ratify the appointment of Deloitte & Touche LLP as the independent registered public accounting firm.
Portman Ridge Finance Corporation will hold its virtual annual meeting on June 25, 2024, to elect directors and ratify the appointment of Deloitte & Touche LLP as the independent registered public accounting firm.