Specialty finance company focused on providing debt and structured finance solutions to companies.
Logan Ridge Finance Corporation, previously known as Capitala Finance Corp., operates as a specialized Business Development Company (BDC) focusing on various forms of debt financing within the middle market and lower middle market segments. The company's investment portfolio primarily includes senior subordinated debt, unitranche loans, first-lien and second-lien loans, and equity co-investments in sponsored companies. Logan Ridge targets a diverse range of industries including aerospace, defense, business services, education, food and beverage, industrial and environmental services, logistics, distribution, media, telecommunications, manufacturing, consumer goods, and healthcare across the United States.
The strategic focus of Logan Ridge Finance Corporation is on companies with specific financial profiles, typically targeting businesses with EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) ranging from $5 million to $50 million and enterprise values under $250 million. The fund provides capital in the range of $5 million to $50 million per transaction, supporting growth initiatives, acquisitions, refinancing, and other strategic objectives of its portfolio companies. In addition to debt investments, Logan Ridge also engages in minority equity co-investments, often partnering with management teams or financial sponsors to enhance value creation and operational performance.
With its expertise in tailored financing solutions and industry-specific knowledge, Logan Ridge Finance Corporation plays a crucial role in fostering growth and stability within the middle market segment. By leveraging its deep understanding of market dynamics and strategic partnerships, the company continues to actively support the expansion and operational goals of its portfolio companies while delivering value to its stakeholders and investors.