Portman Ridge Finance Corporation Announces Closing of Merger With OHA Investment Corporation, Stockholder Payment Record Date and Payment Date
Portman Ridge Finance Corporation - Closed End Fund (PTMN)
Company Research
Source: GlobeNewswire
NEW YORK, Dec. 18, 2019 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (“PTMN”, or the “Company”) (NASDAQ: PTMN) and OHA Investment Corporation (NASDAQ: OHAI) (“OHAI”) today announced the closing (the “Closing”) of the previously announced transaction under which OHAI will be merged into PTMN. As a result of the Closing, December 18, 2019 has been set as the record date (the “Record Date”) for the OHAI stockholders’ right to receive the $3.0 million cash payment from an affiliate of BC Partners Advisors L.P. (“BC Partners”) and LibreMax Capital, LLC through its affiliate LibreMax SC, LLC, as well as the merger consideration composed of (i) approximately $8.5 million in cash from PTMN and (ii) approximately 7.4 million shares of PTMN common stock. As a result, each share of OHAI common stock will receive approximately $0.57 in cash and 0.3688 shares of PTMN common stock. The merger received robust support from the OHAI stockholder base, with strong voter turnout of over 72%
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Earnings
- 5/8/24 - Miss
PTMN
Sec Filings
- 5/15/24 - Form 40-17G
- 5/13/24 - Form 8-K
- 5/8/24 - Form 10-Q
- PTMN's page on the SEC website