Logan Ridge Finance Exits Its Largest Equity Investment, Nth Degree Investment Group, LLC
Portfolio Pulse from Benzinga Newsdesk
Logan Ridge Finance Corporation has exited its largest equity investment in Nth Degree Investment Group, LLC. This move could impact Logan Ridge's financials and investment strategy.
September 12, 2024 | 9:54 pm
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Logan Ridge Finance Corporation has exited its largest equity investment in Nth Degree Investment Group, LLC. This strategic move may affect LRFC's financials and future investment strategy.
Exiting a large equity investment could free up capital for Logan Ridge Finance Corporation, potentially allowing for new investments or debt reduction. However, it may also impact revenue streams if the investment was a significant income source.
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