|
Harvest Capital Credit Corp., 6.125% Notes due 9/15/2022
Ticker Symbol: HCAPZ* CUSIP: 41753F307 Exchange: NGM
* NOTE: This security is no longer trading as of 7/26/2021
Security has been Called for: Saturday, July 24, 2021
|
June 24, 2021 -- Title of the class of securities of Portman Ridge Finance Corporation (the “Company”) to be redeemed: 6.125% Senior Notes due 2022 (the “Notes”) Date on which the securities are to be redeemed: July 24, 2021 The Company will redeem 100% of the outstanding Notes ($28,750,000 aggregate principal amount) pursuant to the terms of the Base Indenture and the First Supplemental Indenture. June 09, 2021-- Portman Ridge Finance Corporation (NASDAQ: PTMN) (the “Company” or “PTMN”) announced today the closing of the previously announced merger with Harvest Capital Credit Corporation (formerly NASDAQ: HCAP) (“HCAP”). The combined company, which will remain externally managed by Sierra Crest Investment Management LLC (“Sierra Crest”), an affiliate of BC Partners Advisors L.P. (“BC Partners”), is expected to have total assets of approximately $614 million and net asset value of approximately $268 million after closing.
|
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: Harvest Capital Credit Corp., 6.125% Notes due 2022, issued in $25 denominations, redeemable at the issuer's option on or after 9/15/2019 at $25 per note plus accrued and unpaid interest, and maturing 9/15/2022. Interest distributions of 6.125% per annum ($1.53125 per annum or $0.382813 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be 3/1, 6/1, 9/1 & 12/1 (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s or S&P at the time of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
|
Go to Parent Company's Record (PTMN)
IPO - 8/21/2017 - 1.00 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Market Value $25.0 Million
|
Company's Online Information Links
|
| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 295 Madison Avenue, New York, NY 10017 |
| Main Phone Number |
212-455-8300 |
| Fax Number |
212-983-7654 |
| Investor Relations
Jeehae Linford, The Equity Group
|
212-836-9615
|
Toll Free Phone Number |
Unknown |
| CEO - Ted Goldthorpe |
CFO - Jason Roos |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|
