Business development company (BDC) Logan Ridge Finance (LRFC) has announced they have sold $50 million worth of private placement notes with a coupon of 5.25%.
They stated they plan to redeem a portion of the 6.00% notes due 2022 (CPTAL). No firm announcement has been made on the redemption.
Once again we are losing exchange traded debt to a private placement.
Note–Logan Ridge Finance was previously Capitala.