Portman Ridge Finance Corp
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
BCIC$6.17+3.0%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Financial Statements Consolidated Balance Sheets as of September 30, 2024 (unaudited) and December 31, 2023
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Investments at fair value: | ||
| Non-controlled/non-affiliated investments (amortized cost of $391,156 and $426,630, respectively) | $357,459 | $398,325 |
| Non-controlled affiliated investments (amortized cost of $61,805 and $55,611, respectively) | 58,507 | 55,222 |
| Controlled affiliated investments (amortized cost of $49,818 and $58,041, respectively) | 13,012 | 14,318 |
| Total Investments at fair value (amortized cost of $502,779 and $540,282, respectively) | $428,978 | $467,865 |
| Cash and cash equivalents | 13,736 | 26,912 |
| Restricted cash | 13,039 | 44,652 |
| Interest receivable | 5,544 | 5,162 |
| Receivable for unsettled trades | — | 573 |
| Due from affiliates | 1,518 | 1,534 |
| Other assets | 857 | 2,541 |
| Total Assets | $463,672 | $549,239 |
| LIABILITIES | ||
| 2018-2 Secured Notes (net of original issue discount of $— and $712, respectively) | $— | $124,971 |
| 4.875% Notes Due 2026 (net of deferred financing costs and original issue discount of $1,208 and $1,786, respectively) | 106,792 | 106,214 |
| Great Lakes Portman Ridge Funding LLC Revolving Credit Facility (net of deferred financing costs of $1,352 and $775, respectively) | 158,126 | 91,225 |
| Payable for unsettled trades | — | 520 |
| Accounts payable, accrued expenses and other liabilities | 2,242 | 4,252 |
| Accrued interest payable | 4,659 | 3,928 |
| Due to affiliates | 1,029 | 458 |
| Management and incentive fees payable | 2,842 | 4,153 |
| Total Liabilities | $275,690 | $335,721 |
| COMMITMENTS AND CONTINGENCIES (NOTE 8) | ||
| NET ASSETS | ||
| Common stock, par value $0.01 per share, 20,000,000 common shares authorized; 9,955,873 issued, and 9,231,454 outstanding at September 30, 2024, and 9,943,385 issued, and 9,383,132 outstanding at December 31, 2023 | $92 | $94 |
| Capital in excess of par value | 714,933 | 717,835 |
| Total distributable (loss) earnings | (527,043) | (504,411) |
| Total Net Assets | $187,982 | $213,518 |
| Total Liabilities and Net Assets | $463,672 | $549,239 |
| Net Asset Value Per Common Share | $20.36 | $22.76 |
CONSOLIDATED STATEMENTS OF OPERATIONS
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.