Brief: Portman Ridge Entered Purchase And Sale Agreement With Two Wholly-Owned Subsidiaries Of JMP Group

BCP Investment

27/10/2021 24:04

Oct 26 (Reuters) - Portman Ridge Finance Corp  PTMN.O :
    * PORTMAN RIDGE FINANCE CORP - ON OCTOBER 22, 2021, ENTERED
INTO A
PURCHASE AND SALE AGREEMENT WITH TWO WHOLLY-OWNED SUBSIDIARIES
OF JMP GROUP LLC
    * PORTMAN RIDGE FINANCE CORP - WILL PURCHASE $18.1 MILLION
OF
PORTFOLIO ASSETS FROM SELLERS IN EXCHANGE FOR $1.4 MILLION IN
CASH,556,852 SHARES OF COMMON STOCK

Source text for Eikon: [https://bit.ly/3BhYyid]
Further company coverage:  PTMN.O 

 ((Reuters.Briefs@thomsonreuters.com;))