05:02 PM EDT, 07/15/2025 (MT Newswires) -- Portman Ridge Finance ( PTMN ) said Tuesday it closed its merger with Logan Ridge Finance ( LRFC ) , resulting in combined company total assets exceeding $600 million.

In connection with the closing of the deal, Logan Ridge shareholders will receive about 4 million shares of Portman Ridge, or 1.5 shares of Portman Ridge common stock for each Logan Ridge share, the company said.