PTMN Portman Ridge Finance Corp

Portman Ridge Finance Corporation is a business development company specializing in investments in unitranche loans (including last out), first lien loans, second lien loans, subordinated debt, equity co-investment, mezzanine, buyout in middle market companies.

It also makes acquisitions in businesses complementary to the firm's business.

It primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, education, automotive, agriculture, aerospace/defense, packaging, electronics, finance, non-durable consumer, consumer products, business services, utilities, insurance, and food and beverage sectors.

The fund typically invests 1 million to 20 million in its portfolio companies.

It provides senior secured term loans from 2 million to 20 million maturing in five to seven years; second lien term loans from 5 million to 15 million maturing in six to eight years; senior unsecured loans 5 million to 23 million maturing in six to eight years; mezzanine loans from 5 million to 15 million maturing in seven to ten years; and equity investments from 1 to 5 million.

The fund targets the companies with EBITDA between 5 million and 25 million.

While investing in debt securities, it invests in those middle market firms with EBITDA between 10 million and 50 million and/or total debt between 25 million and 150 million.

It invests in minority, and majority or control equity positions alongside its private equity sponsor partners.