LRFC Profile
Logan Ridge Finance Corporation, formerly known as Capitala Finance Corp., operates as a Business Development Company (BDC) focused on providing capital to lower middle-market and middle-market companies. The company specializes in various forms of financing, including senior subordinated debt, unitranche loans, first-lien and second-lien loans, and equity co-investments. Logan Ridge targets investments across a broad array of industries, including aerospace, defense, business services, education, food and beverage, industrial and environmental services, logistics, distribution, media, telecommunications, manufacturing, consumer goods, and healthcare.
The company primarily invests in companies based in the United States, with a typical investment range between $5 million and $50 million per transaction. It seeks to support businesses with earnings before interest, taxes, depreciation, and amortization (EBITDA) ranging from $5 million to $50 million and an enterprise value of less than $250 million. Logan Ridge's investment strategy includes both debt and equity co-investments, often made in conjunction with management teams or financial sponsors.
Logan Ridge Finance Corporation's investment approach is designed to provide flexible capital solutions tailored to the needs of growing companies in its target sectors. By offering a combination of debt and equity financing, the company aims to support its portfolio companies in achieving their strategic objectives and driving value creation.
Headquartered in Charlotte, North Carolina, Logan Ridge Finance Corporation continues to leverage its expertise in capital deployment to foster growth and development in the lower middle-market and middle-market segments. The company's investment activities are guided by a commitment to generating attractive returns for its shareholders while supporting the growth and success of its portfolio companies.
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