Portman Ridge (PTMN) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.83 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.45%. A quarter ago, it was expected that this business development company would post earnings of $0.74 per share when it actually produced earnings of $0.67, delivering a surprise of -9.46%. Over the last four qu ...

Reports Net Investment Income of $0.70 Per Share and Net Asset Value of $21.21 Per Share Amends and Extends Existing Senior Secured Revolving Credit Facility; Upsizes Commitments to $200.0 Million from $115.0 Million, Reduces Interest Rate Margin to 2.50% from 2.80% Continued Share Repurchase Program: Total of 79,722 Shares for an Aggregate Cost of Approximately $1.6 Million Repurchased During the Second Quarter; Accretive to NAV by $0.03 Per Share Announces Third Quarter 2024 Quarterly Distribution of $0.6 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q 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 For the transition period from to Commission File No. 814-00735 Portman Ridge Finance Corporation (Exact name of Registrant as specified in its charter) Delaware 20-5951150 (State or other jurisdiction of Inc ...

Reduces Interest Rate Margin to 2.50% from 2.80% Under the terms of the amendment, there was a committed increase to the aggregate principal amount of the Credit Facility in an amount not to exceed $85.0 million, for a total of $200.0 million, the applicable margin was reduced from 2.80% per annum to 2.50% per annum, and there was a committed seven-day bridge advance in an aggregate principal amount of approximately $18.3 million. Additionally, the reinvestment period was extended from April 29, 2025 to Aug ...

Reduces Interest Rate Margin to 2.50% from 2.80% About Portman Ridge Finance Corporation This press release contains forward-looking statements regarding repurchases of shares of the Company's common stock. There is no assurance that repurchases will be made in any specific amounts or that the market price of the Company's shares, either absolutely or relative to net asset value, will increase as a result of any share repurchases, or that any repurchases will enhance stockholder value over the long term. Th ...

By Phone: To access the call, please dial (646) 307-1963 approximately 10 minutes prior to the start of the conference call and use the conference ID 9474953. A live audio webcast of the conference call can be accessed via the Internet, on a listen-only basis at https://edge.media-server.com/mmc/p/zqckbjgv. The online archive of the webcast will be available on the Company's website shortly after the call at www.portmanridge.com in the Investor Relations section under Events and Presentations. By Webcast: P ...

By Phone: To access the call, please dial (646) 307-1963 approximately 10 minutes prior to the start of the conference call and use the conference ID 9474953. A live audio webcast of the conference call can be accessed via the Internet, on a listen-only basis at https://edge.media-server.com/mmc/p/zqckbjgv. The online archive of the webcast will be available on the Company's website shortly after the call at www.portmanridge.com in the Investor Relations section under Events and Presentations. By Webcast: P ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Portman Ridge Finance Corporation Announces First Quarter 2024 Financial Results Reports Net Investment Income of $0.67 per share and Net Asset Value of $22.57 Per Share Continued Share Repurchase Program: Total of 51,015 Shares for an Aggregate Cost of Approximately $1.0 Million Repurchased During the First Quarter; Accretive to NAV by $0.02 Per Share Announces Second Quarter 2024 Quarterly Distribution of $0.69 Per Share NEW YORK, May 8, 2024 – Portman Ridge Finance Corp ...

Operator Thank you. We will now begin the question-and-answer session. [Operator Instructions] Your first question comes from the line of Christopher Nolan. Please go ahead. Q – Christopher Nolan Ted Goldthorpe Yes. How are you Ted Goldthorpe Ted Goldthorpe - Chief Executive Officer, President & Director Patrick Schafer - Chief Investment Officer Brandon Satoren - Chief Financial Officer With that I would now like to turn the call over to Ted Goldthorpe Chief Executive Officer of Portman Ridge. Please go ah ...

Credit Quality | --- | --- | --- | --- | --- | --- | |----------------------------------------------------|---------|---------|---------|----------------------------------------|---------| | ($ in '000s) | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | | Investments Credit Quality – Internal Rating (1) | | | | | | | Performing | 95.1% | 95.1% | 93.5% | 93.7% | 93.7% | | Underperforming | 4.9% | 4.9% | 6.5% | 6.3% | 6.3% | | Investments on Non-Accrual Status | | | | | | | Number of Non-Accrual Investments ...