Portman Ridge Finance Enhances Credit Facility Terms

Portman Ridge Finance (PTMN) has provided an announcement.

Great Lakes Portman Ridge Funding LLC, a subsidiary of Portman Ridge Finance Corporation, has amended its credit agreement with JPMorgan Chase, enhancing the terms of its credit facility. The amendment increases the facility’s principal amount, provides a new bridge advance option, reduces the interest margin, and extends both the advance request period and the facility’s maturity. These strategic financial adjustments are designed to improve the company’s liquidity and financial flexibility, signaling potentially interesting developments for investors monitoring Portman Ridge’s financial moves.

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