Logan Ridge Finance Corporation Company profile
About Logan Ridge Finance Corp
Logan Ridge Finance Corporation, formerly Capitala Finance Corp., is a business development company. The Company invests primarily in first lien loans, second lien loans and equity securities issued by middle market companies. The Company invests in middle market businesses that operate across a range of industries, such as aerospace/defense, business services, consumer products, education, food and beverage, healthcare, industrial and environmental services, logistics and distribution, manufacturing, and media and telecommunications. The Company provides financial solutions for middle market companies, making debt and equity investments throughout the United States. The Company’s investment advisor is Mount Logan Management LLC (Mount Logan).
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Logan Ridge Finance Corp revenues decreased 37% to $16.8M. Net loss decreased 95% to $1.9M. Revenues reflect Non-control/Non-affiliate investments decrease of 42% to $10.1M, Interest Income - Investment decrease of 34% to $4.4M, Non-control/Non-affiliate investments decrease of 91% to $95K.