Deal Snapshot
Garrison Capital Closes Merger with Portman Ridge Finance
Thursday 29 October 2020

US-based business development company Portman Ridge Finance Corp. (NASDAQ: PTMN) has closed its merger with US-based management Investment company Garrison Capital Inc. (NASDAQ: GARS), the firms said.

As a result of the Closing, October 28, 2020 has been set as the record date for the GARS stockholders' right to receive the USD 5m cash payment from an affiliate of BC Partners Advisors L.P. as well as the merger consideration composed of approximately USD 19.1m in cash from PTMN and approximately 30.8m shares of PTMN common stock.

Date Published: 29/10/2020