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Portman Ridge Finance Corporation Amends and Extends Its Senior Secured Revolving Credit Facility
PTMNPortman Ridge(PTMN) Newsfilter·2024-07-30 04:43

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 ...