05:36 PM EDT, 08/21/2024 (MT Newswires) -- Logan Ridge Finance ( LRFC ) said late Wednesday it amended and extended an existing senior secured revolving credit facility to reduce the applicable margin during the reinvestment period to 2.8% per annum from 2.9%, among other changes.

The reinvestment period was extended to August 2027 from May 2025, while the maturity date was extended through August 2029 from May 2027.

The company said the facility continues to provide for borrowing of up to $75 million, and an uncommitted accordion feature allowing it to borrow up to a further $125 million.

The advance rates and concentration limits were revised, which are expected to create "meaningful" additional borrowing capacity for Logan Ridge, it said.