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Logan Ridge Finance Corporation Announces the Successful Exit of its Largest Equity Investment, Nth Degree Investment Group, LLC
GlobeNewswire News Room· 2024-09-12 21:47
NEW YORK, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (Nasdaq: LRFC) (the "Company") today announced that as of September 10, 2024, it has exited its largest equity investment, Nth Degree Investment Group, LLC ("Nth Degree"), at or above its previously reported fair value as of June 30, 2024. Ted Goldthorpe, Chief Executive Officer and President of Logan Ridge, said, "The rotation out of the legacy equity portfolio has been a key component of the turnaround strategy for Logan Ridge si ...
Logan Ridge Finance Corporation Amends and Extends its Existing Senior Secured Revolving Credit Facility
GlobeNewswire News Room· 2024-08-21 20:05
Reduces Interest Rate Margin During the Reinvestment Period to 2.80% from 2.90% Extends Reinvestment Period and Maturity Date to August 2027 and August 2029, Respectively Revises Advance Rates and Concentration Limits NEW YORK, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (Nasdaq: LRFC) (the "Company") today announced that it has amended and extended its existing senior secured revolving credit facility (as amended, the "Credit Facility") with KeyBank National Association. Under the ter ...
Logan Ridge Finance (LRFC) - 2024 Q2 - Earnings Call Transcript
2024-08-09 23:38
Logan Ridge Finance Corporation (NASDAQ:LRFC) Q2 2024 Earnings Call Transcript August 9, 2024 11:00 AM ET Company Participants Ted Goldthorpe - CEO, President and Director Patrick Schafer - CIO Brandon Satoren - CFO Conference Call Participants Christopher Nolan - Ladenburg Thalmann Steven Martin - Slater Capital Management Operator Thank you. Good morning, and welcome to Logan Ridge Finance Corporation's Second Quarter Ended June 30, 2024, Earnings Conference Call. An earnings press release was distributed ...
Logan Ridge Finance (LRFC) - 2024 Q2 - Earnings Call Presentation
2024-08-09 21:32
2024 Q2 Earnings Presentation LRFCTM August 9, 2024 Important Information Cautionary Statement Regarding Forward-Looking Statements This presentation contains forward-looking statements. The matters discussed in this presentation, as well as in future oral and written statements by management of Logan Ridge Finance Corporation ("LRFC", "Logan Ridge" or the "Company"), that are forward-looking statements are based on current management expectations that involve substantial risks and uncertainties which could ...
Logan Ridge Finance (LRFC) - 2024 Q2 - Quarterly Results
2024-08-09 20:38
Exhibit 99.1 FOR IMMEDIATE RELEASE Logan Ridge Finance Corporation Announces Second Quarter 2024 Financial Results Reports Solid Results with Total Investment Income of $5.4 Million and Net Investment Income of $0.28 Per Share; Net Asset Value of $33.13 Per Share Declared a Distribution of $0.33 Per Share for the Third Quarter of 2024 NEW YORK, August 8, 2024 – Logan Ridge Finance Corporation ("Logan Ridge", "Logan", "LRFC", "Company", "we", "us" or "our") (Nasdaq: LRFC) announced today its financial result ...
Logan Ridge Finance (LRFC) - 2024 Q2 - Quarterly Report
2024-08-08 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number: 814-01022 Logan Ridge Finance Corporation (Exact Name of Registrant as Specified in its Charter) Maryland 90-0945675 (State or Other Jurisdiction of Incorporation or Organization) ...
Logan Ridge Finance Corporation Schedules Second Quarter 2024 Earnings Release and Conference Call
GlobeNewswire News Room· 2024-07-08 20:24
NEW YORK, July 08, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (Nasdaq: LRFC) ("LRFC," "Logan Ridge" or the "Company") to release its financial results for the second quarter ended June 30, 2024, on Thursday, August 8, 2024, after market close. The Company will host a conference call on Friday, August 9, 2024, at 11:00 a.m. ET to discuss these results. By Webcast: A live audio webcast of the conference call can be accessed via the Internet, on a listen-only basis at https://edge.media-server.co ...
Logan Ridge Finance (LRFC) - 2024 Q1 - Earnings Call Transcript
2024-05-09 21:14
Company Participants Christopher Nolan - Ladenburg Thalmann A copy of the release along with a supplemental earnings presentation is available on the company's website at www.loganridgefinance.com in the Investor Resources section and should be reviewed in conjunction with the company's Form 10-K filed with the SEC. As a reminder, this conference call is being recorded for replay purposes. With that, I would like to turn the call over to Ted Goldthorpe, Chief Executive Officer of Logan Ridge Finance Corpora ...
Logan Ridge Finance (LRFC) - 2024 Q1 - Quarterly Results
2024-05-08 20:22
Exhibit 99.1 FOR IMMEDIATE RELEASE Logan Ridge Finance Corporation Announces First Quarter 2024 Financial Results Reports Strong Results with Net Investment Income of $0.35 Per Share, Compared to $0.22 Per Share in the Previous Quarter; Net Asset Value Increased to $33.71 Per Share from $33.34 Per Share in the Previous Quarter Declared a Distribution of $0.33 Per Share for the Second Quarter of 2024, an Increase of 3% Compared to the First Quarter of 2024; Fifth Consecutive Quarterly Distribution Increase C ...
Logan Ridge Finance (LRFC) - 2024 Q1 - Quarterly Report
2024-05-08 20:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number: 814-01022 Logan Ridge Finance Corporation (Exact Name of Registrant as Specified in its Charter) Maryland 90-0945675 (State or Other Jurisdiction of (I.R.S. Employer Incorporation ...