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Logan Ridge Finance (LRFC) has issued an update.
Capitala Business Lending, LLC, a subsidiary of Logan Ridge Finance Corporation, has amended its credit agreement, resulting in reduced interest margins and extended reinvestment and maturity dates, allowing additional borrowing capacity up to $200 million. This strategic financial move is aimed at enhancing the company’s borrowing terms and is detailed in their recent press release.
Learn more about LRFC stock on TipRanks’ Stock Analysis page.