Portman Ridge Finance Corporation (Nasdaq: PTMN) (“Portman Ridge”) and Logan Ridge Finance Corporation (Nasdaq: LRFC) (“Logan Ridge”) announced today that their boards of directors have established special committees of independent directors to more fully evaluate the potential business combination of the two companies that was previously disclosed in their respective Form 10-Q filings with the Securities and Exchange Commission (the “SEC”), which may result in the use of an exchange ratio other than NAV-for-NAV (including but not limited to relative market price or a fixed exchange ratio) in connection therewith. The special committee of Portman Ridge’s board of directors has retained Keefe, Bruyette & Woods, Inc. as financial advisor and Stradley Ronon Stevens & Young, LLP as legal counsel. The special committee of Logan Ridge’s board of directors has retained Houlihan Lokey, Inc. as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP as legal counsel.
Portman Ridge Fin Corpn
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