Boards of Directors of Portman Ridge Finance Corporation and Logan Ridge Finance Corporation Form Special Committees to Continue Evaluating Potential Business Combination

Core Viewpoint - Portman Ridge Finance Corporation and Logan Ridge Finance Corporation are exploring a potential business combination, with independent special committees established to evaluate the process and possible exchange ratios [1][2]. Company Overview - Portman Ridge Finance Corporation is a publicly traded investment company regulated as a business development company, focusing on middle market investments, including term loans and mezzanine investments [4]. - Logan Ridge Finance Corporation is also a publicly traded investment company regulated as a business development company, primarily investing in first lien loans and equity securities in lower middle market companies [6]. Advisory and Legal Counsel - Portman Ridge's special committee has engaged Keefe, Bruyette & Woods, Inc. as its financial advisor and Stradley Ronon Stevens & Young, LLP as legal counsel [2]. - Logan Ridge's special committee has retained Houlihan Lokey, Inc. as its financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP as legal counsel [2]. Regulatory Filings - Both companies have filed relevant documents with the SEC regarding the potential business combination, and further developments will be disclosed as deemed appropriate [3][13].