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Harvest Capital Credit Corporation to Merge into Portman Ridge Finance Corporation


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Harvest Capital Credit Corporation to Merge into Portman Ridge Finance Corporation
Portman Ridge Finance CorporationDecember 23, 2020 GMT
NEW YORK, Dec. 23, 2020 (GLOBE NEWSWIRE) Harvest Capital Credit Corporation (NASDAQ: HCAP) (“HCAP”) and Portman Ridge Finance Corporation (NASDAQ: PTMN) (the “Company” or “PTMN”) announced today that they have entered into a definitive agreement under which HCAP will merge with and into PTMN, a business development company managed by Sierra Crest Investment Management LLC (“Sierra Crest”), an affiliate of BC Partners Advisors L.P. (“BC Partners”).
The transaction has been approved by a unanimous vote of Special Committee of the Board of Directors of HCAP, the Board of Directors of HCAP (other than directors affiliated with HCAP’s external investment adviser who abstained from voting) and the Board of Directo ....

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