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Logan Ridge Finance Corporation Announces Successful Refinancing And Recapitalization Of Its Investment In Eastport Holdings Llc.

PRIVATEJul 06, 2022

Round Type

Venture

New YorkCommerce and ShoppingFinancial ServicesLending And Investments

Description

Logan Ridge Finance Corporation (“LRFC”, “Logan Ridge” or the “Company”) (Nasdaq: LRFC) today announced that on June 29, 2022 Eastport Holdings, LLC, a portfolio company of Logan Ridge, completed a refinancing and recapitalization transaction.

Who else raised in Commerce and Shopping and Financial Services around the same time

Companies in the same sectors as Logan Ridge that raised within 45 days of this round, from Fundz verified event records.

  • Nomad raised an undisclosed amount (Seed) on July 28, 2022.
  • KuCoin raised $10M (Corporate Round) on July 21, 2022.
  • Franco-Nevada Corporation raised an undisclosed amount (Funding Round) on July 18, 2022.
  • Jakaverse raised $3M (Series A) on July 18, 2022.
  • Systemiq Capital raised $70M (Funding Round) on July 14, 2022.
  • Optimization Solutions raised $30M on July 14, 2022.

Who to call at Logan Ridge, and when

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Company Information

Company

Logan Ridge

Location

New York, United States

About

As a result of this transaction, Logan Ridge received $16.5 million in cash and $19.25 million in principle of a new debt security in exchange for all of its previous debt and equity securities.

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Logan Ridge raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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