UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
| |
x |
Quarterly Report Pursuant to Section 13
or 15(d) of the Securities Exchange Act of
1934 |
For the quarterly period ended June 30, 2021
| |
¨ |
Transition Report Pursuant to Section 13
or 15(d) of the Securities Exchange Act of
1934 |
Commission
File Number |
|
Exact name of registrant as specified in
its charter,
address of principal executive
office, telephone number, and
state or other jurisdiction of incorporation or
organization |
|
I.R.S. Employer
Identification Number |
| 814-01022 |
|
Logan Ridge
Finance Corporation
650 Madison Avenue
New York, New York 10022
State of Incorporation: Maryland
Telephone: (212) 891-2880
|
|
90-0945675 |
Capitala Finance Corp.
4201 Congress St., Suite 360, Charlotte, North Carolina 28209
(Former name, former address and former fiscal year, if changed
since last report)
Securities registered pursuant to Section 12(b) of the Act:
|
Title of Each
Class |
|
Trading symbol(s) |
|
Name of Each Exchange on
Which
Registered |
|
Common Stock, par value $0.01 per share
5.75% Convertible Notes due 2022
6.00% Notes due 2022
|
|
LRFC
CPTAG
CPTAL
|
|
NASDAQ Global Select Market
NASDAQ Capital Market
NASDAQ Global Select Market
|
Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or
15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject
to such filing requirements for the past 90 days.
Indicate by check mark whether the registrant has submitted
electronically every Interactive Data File required to be submitted
pursuant to Rule 405 of Regulation S-T (§232.405 of this
chapter) during the preceding 12 months (or for such shorter period
that the registrant was required to submit such files).
Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, a
smaller reporting company, or an emerging growth company. See the
definitions of “large accelerated filer,” “accelerated filer”,
“smaller reporting company”, and “emerging growth company” in
Rule 12b-2 of the Exchange Act.
| |
Large accelerated filer |
¨ |
Accelerated filer |
¨ |
| |
|
|
|
|
| |
Non-accelerated filer |
x |
Smaller reporting company |
¨ |
| |
|
|
|
|
| |
|
|
Emerging growth company |
¨ |
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange
Act. ☐
Indicate by check mark whether the registrant is a shell company
(as defined in Rule 12b-2 of the Exchange Act).
The number of shares of Logan Ridge Finance Corporation’s common
stock, $0.01 par value, outstanding as of August 16, 2021 was
2,711,068.
TABLE OF CONTENTS
PART I. FINANCIAL
INFORMATION
Item 1. Consolidated Financial
Statements
Logan Ridge Finance
Corporation
Consolidated Statements of Assets and
Liabilities
(in thousands, except share and
per share data)
| |
|
As of |
|
| |
|
June 30, 2021 |
|
|
December 31, 2020 |
|
| |
|
(unaudited) |
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| Investments at fair
value: |
|
|
|
|
|
|
|
|
|
Non-control/non-affiliate investments (amortized cost of $143,555
and $187,744, respectively) |
|
$ |
139,097 |
|
|
$ |
172,848 |
|
| Affiliate
investments (amortized cost of $65,163 and $80,961,
respectively) |
|
|
81,659 |
|
|
|
93,425 |
|
| Control
investments (amortized cost of $8,850 and $8,947,
respectively) |
|
|
7,292 |
|
|
|
8,419 |
|
| Total
investments at fair value (amortized cost of $217,568 and $277,652,
respectively) |
|
|
228,048 |
|
|
|
274,692 |
|
| Cash and cash
equivalents |
|
|
26,144 |
|
|
|
49,942 |
|
| Interest and dividend
receivable |
|
|
1,101 |
|
|
|
2,286 |
|
| Prepaid expenses |
|
|
629 |
|
|
|
1,077 |
|
|
Receivable for unsettled trades |
|
|
7,234 |
|
|
|
- |
|
| Total
assets |
|
$ |
263,156 |
|
|
$ |
327,997 |
|
| |
|
|
|
|
|
|
|
|
| LIABILITIES |
|
|
|
|
|
|
|
|
| SBA-guaranteed
debentures (net of deferred financing costs of $0 and $485,
respectively) |
|
$ |
- |
|
|
$ |
90,515 |
|
| 2022 Notes (net of
deferred financing costs of $556 and $846, respectively) |
|
|
72,277 |
|
|
|
71,987 |
|
| 2022 Convertible
Notes (net of deferred financing costs of $362 and $552,
respectively) |
|
|
51,726 |
|
|
|
51,536 |
|
| KeyBank Credit
Facility (net of deferred financing costs of $450 and $546,
respectively) |
|
|
24,550 |
|
|
|
(546 |
) |
| Management and
incentive fees payable |
|
|
70 |
|
|
|
3,842 |
|
| Interest and
financing fees payable |
|
|
778 |
|
|
|
1,688 |
|
|
Accounts payable and accrued expenses |
|
|
8 |
|
|
|
28 |
|
| Total
liabilities |
|
$ |
149,409 |
|
|
$ |
219,050 |
|
| |
|
|
|
|
|
|
|
|
| Commitments and
contingencies (Note 2) |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| NET ASSETS |
|
|
|
|
|
|
|
|
Common stock, par value $0.01, 100,000,000 common shares
authorized, 2,711,068 and 2,711,068 common shares
issued and outstanding, respectively |
|
$ |
27 |
|
|
$ |
27 |
|
| Additional paid in
capital |
|
|
229,481 |
|
|
|
229,481 |
|
|
Total distributable loss |
|
|
(115,761 |
) |
|
|
(120,561 |
) |
| Total net
assets |
|
$ |
113,747 |
|
|
$ |
108,947 |
|
| Total
liabilities and net assets |
|
$ |
263,156 |
|
|
$ |
327,997 |
|
| |
|
|
|
|
|
|
|
|
| Net asset value per share |
|
$ |
41.96 |
|
|
$ |
40.19 |
|
See accompanying notes to
consolidated financial statements.
Logan Ridge Finance Corporation
Consolidated Statements of
Operations
(in thousands, except share and per share data)
(unaudited)
| |
|
For the Three Months Ended June 30, |
|
|
For the Six Months Ended June 30, |
|
| |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
| INVESTMENT
INCOME |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and fee income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-control/non-affiliate investments |
|
$ |
3,073 |
|
|
$ |
4,693 |
|
|
$ |
6,269 |
|
|
$ |
9,400 |
|
|
Affiliate investments |
|
|
1,188 |
|
|
|
1,632 |
|
|
|
2,494 |
|
|
|
3,311 |
|
|
Control investments |
|
|
98 |
|
|
|
103 |
|
|
|
196 |
|
|
|
206 |
|
|
Total interest and fee income |
|
|
4,359 |
|
|
|
6,428 |
|
|
|
8,959 |
|
|
|
12,917 |
|
|
Payment-in-kind interest and dividend income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-control/non-affiliate investments |
|
|
24 |
|
|
|
378 |
|
|
|
95 |
|
|
|
714 |
|
|
Affiliate investments |
|
|
99 |
|
|
|
188 |
|
|
|
198 |
|
|
|
368 |
|
|
Total payment-in-kind interest and dividend income |
|
|
123 |
|
|
|
566 |
|
|
|
293 |
|
|
|
1,082 |
|
|
Dividend income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-control/non-affiliate investments |
|
|
560 |
|
|
|
- |
|
|
|
560 |
|
|
|
- |
|
|
Affiliate investments |
|
|
- |
|
|
|
- |
|
|
|
155 |
|
|
|
25 |
|
|
Total dividend income |
|
|
560 |
|
|
|
- |
|
|
|
715 |
|
|
|
25 |
|
|
Interest income from cash and cash equivalents |
|
|
2 |
|
|
|
5 |
|
|
|
3 |
|
|
|
49 |
|
|
Total investment income |
|
|
5,044 |
|
|
|
6,999 |
|
|
|
9,970 |
|
|
|
14,073 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and financing expenses |
|
|
2,728 |
|
|
|
4,885 |
|
|
|
5,765 |
|
|
|
8,711 |
|
|
Base management fee |
|
|
1,272 |
|
|
|
1,666 |
|
|
|
2,670 |
|
|
|
3,423 |
|
|
Administrative service fees |
|
|
350 |
|
|
|
350 |
|
|
|
700 |
|
|
|
700 |
|
|
General and administrative expenses |
|
|
660 |
|
|
|
707 |
|
|
|
1,584 |
|
|
|
1,861 |
|
| Total
expenses |
|
|
5,010 |
|
|
|
7,608 |
|
|
|
10,719 |
|
|
|
14,695 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET INVESTMENT INCOME (LOSS) |
|
|
34 |
|
|
|
(609 |
) |
|
|
(749 |
) |
|
|
(622 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
REALIZED AND UNREALIZED LOSS (GAIN)
ON INVESTMENTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized gain (loss) on investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-control/non-affiliate investments |
|
|
4,732 |
|
|
|
(14,142 |
) |
|
|
(9,291 |
) |
|
|
(13,174 |
) |
|
Affiliate investments |
|
|
2,215 |
|
|
|
1,341 |
|
|
|
2,215 |
|
|
|
1,341 |
|
|
Control investments |
|
|
- |
|
|
|
(484 |
) |
|
|
- |
|
|
|
(484 |
) |
|
Net realized gain (loss) on investments |
|
|
6,947 |
|
|
|
(13,285 |
) |
|
|
(7,076 |
) |
|
|
(12,317 |
) |
|
Net unrealized (depreciation) appreciation investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-control/non-affiliate investments |
|
|
(12,774 |
) |
|
|
16,993 |
|
|
|
10,438 |
|
|
|
(11,532 |
) |
|
Affiliate investments |
|
|
60 |
|
|
|
(1,003 |
) |
|
|
4,032 |
|
|
|
(14,731 |
) |
|
Control investments |
|
|
(1,006 |
) |
|
|
1,004 |
|
|
|
(1,030 |
) |
|
|
(138 |
) |
|
Net unrealized (depreciation) appreciation on investments |
|
|
(13,720 |
) |
|
|
16,994 |
|
|
|
13,440 |
|
|
|
(26,401 |
) |
|
Total net realized and unrealized (loss) gain on investments |
|
|
(6,773 |
) |
|
|
3,709 |
|
|
|
6,364 |
|
|
|
(38,718 |
) |
|
Net realized loss on extinguishment of debt |
|
|
(815 |
) |
|
|
- |
|
|
|
(815 |
) |
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET (DECREASE) INCREASE IN NET ASSETS RESULTING FROM
OPERATIONS |
|
$ |
(7,554 |
) |
|
$ |
3,100 |
|
|
$ |
4,800 |
|
|
$ |
(39,340 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET (DECREASE) INCREASE IN NET ASSETS PER SHARE RESULTING FROM
OPERATIONS – BASIC AND DILUTED(1) |
|
$ |
(2.79 |
) |
|
$ |
1.14 |
|
|
$ |
1.77 |
|
|
$ |
(14.53 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WEIGHTED AVERAGE COMMON STOCK OUTSTANDING – BASIC AND DILUTED
(1) |
|
|
2,711,068 |
|
|
|
2,711,068 |
|
|
|
2,711,068 |
|
|
|
2,707,256 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DISTRIBUTIONS PAID PER SHARE (2) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
1.50 |
|
| (1) Basic and
diluted shares of Logan Ridge Finance Corporation's (the "Company")
common stock have been adjusted for the three and six months ended
June 30, 2020 to reflect the one-for-six reverse stock split
effected on August 21, 2020 on a retroactive basis, as described in
Note 1. |
| (2) Dividends paid
per share of the Company's common stock have been adjusted for the
three and six months ended June 30, 2020 to reflect the one-for-six
reverse stock split effected on August 21, 2020 on a retroactive
basis, as described in Note 1. |
See accompanying notes to consolidated financial statements.
Logan Ridge Finance Corporation
Consolidated Statements of
Changes in Net Assets
(in thousands, except share data)
(unaudited)
| |
|
Common
Stock (1) |
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended June 30, 2021 and 2020 |
|
Number of Shares |
|
|
Par Value |
|
|
Additional
Paid
in Capital (1) |
|
|
Total Distributable
Loss |
|
|
Total |
|
|
BALANCE, March 31, 2021 |
|
|
2,711,068 |
|
|
$ |
27 |
|
|
$ |
229,481 |
|
|
$ |
(108,207 |
) |
|
$ |
121,301 |
|
|
Net investment income |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
34 |
|
|
|
34 |
|
|
Net realized gain on investments |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
6,947 |
|
|
|
6,947 |
|
|
Net unrealized depreciation on investments |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(13,720 |
) |
|
|
(13,720 |
) |
|
Net realized loss on extinguishment of debt |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(815 |
) |
|
|
(815 |
) |
|
BALANCE, June 30, 2021 |
|
|
2,711,068 |
|
|
$ |
27 |
|
|
$ |
229,481 |
|
|
$ |
(115,761 |
) |
|
$ |
113,747 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| BALANCE, March
31, 2020 |
|
|
2,711,068 |
|
|
$ |
27 |
|
|
$ |
238,356 |
|
|
$ |
(136,428 |
) |
|
$ |
101,955 |
|
|
Net investment loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(609 |
) |
|
|
(609 |
) |
|
Net realized loss on investments |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(13,285 |
) |
|
|
(13,285 |
) |
|
Net unrealized appreciation on investments |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
16,994 |
|
|
|
16,994 |
|
|
BALANCE, June 30, 2020 |
|
|
2,711,068 |
|
|
$ |
27 |
|
|
$ |
238,356 |
|
|
$ |
(133,328 |
) |
|
$ |
105,055 |
|
|
|
|
Common
Stock (1) |
|
|
|
|
|
|
|
|
|
|
|
For the Six Months Ended June 30, 2021 and 2020 |
|
Number of Shares |
|
|
Par Value |
|
|
Additional
Paid
in Capital (1) |
|
|
Total Distributable
Loss |
|
|
Total |
|
|
BALANCE, December 31, 2020 |
|
|
2,711,068 |
|
|
$ |
27 |
|
|
$ |
229,481 |
|
|
$ |
(120,561 |
) |
|
$ |
108,947 |
|
|
Net investment loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(749 |
) |
|
|
(749 |
) |
|
Net realized loss on investments |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(7,076 |
) |
|
|
(7,076 |
) |
|
Net unrealized appreciation on investments |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
13,440 |
|
|
|
13,440 |
|
|
Net realized loss on extinguishment of debt |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(815 |
) |
|
|
(815 |
) |
|
BALANCE, June 30, 2021 |
|
|
2,711,068 |
|
|
$ |
27 |
|
|
$ |
229,481 |
|
|
$ |
(115,761 |
) |
|
$ |
113,747 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BALANCE, December 31, 2019 |
|
|
2,700,628 |
|
|
$ |
27 |
|
|
$ |
238,021 |
|
|
$ |
(89,935 |
) |
|
$ |
148,113 |
|
|
Net investment loss |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(622 |
) |
|
|
(622 |
) |
|
Net realized loss on investments |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(12,317 |
) |
|
|
(12,317 |
) |
|
Net unrealized depreciation on investments |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(26,401 |
) |
|
|
(26,401 |
) |
|
Fractional shares settled in cash as part of one-for-six reverse
stock split |
|
|
(13 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Distributions to Shareholders: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock issued under dividend reinvestment plan |
|
|
10,453 |
|
|
|
- |
|
|
|
335 |
|
|
|
- |
|
|
|
335 |
|
|
Distributions declared |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
(4,053 |
) |
|
|
(4,053 |
) |
|
BALANCE, June 30, 2020 |
|
|
2,711,068 |
|
|
$ |
27 |
|
|
$ |
238,356 |
|
|
$ |
(133,328 |
) |
|
$ |
105,055 |
|
(1) Shares of the Company's common stock have been adjusted for the
three and six months ended June 30, 2020 to reflect the one-for-six
reverse stock split effected on August 21, 2020 on a retroactive
basis, as described in Note 1.
See accompanying notes to consolidated financial statements.
Logan Ridge Finance Corporation
Consolidated Statements of Cash
Flows
(in thousands)
| |
|
For the Six Months Ended June 30, |
|
| |
|
2021 |
|
|
2020 |
|
|
CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
|
|
|
Net increase (decrease) in net assets resulting from
operations |
|
$ |
4,800 |
|
|
$ |
(39,340 |
) |
|
Adjustments to reconcile net increase (decrease) in net assets
resulting from operations to net cash provided by operating
activities: |
|
|
|
|
|
|
|
|
|
Purchase of investments |
|
|
(10,000 |
) |
|
|
(20,820 |
) |
|
Repayments and sales of investments |
|
|
63,444 |
|
|
|
58,888 |
|
| Net
realized loss on investments |
|
|
7,076 |
|
|
|
12,317 |
|
| Net
realized loss on extinguishment of debt |
|
|
815 |
|
|
|
- |
|
| Net
unrealized (appreciation) depreciation on investments |
|
|
(13,440 |
) |
|
|
26,401 |
|
|
Payment-in-kind interest and dividends |
|
|
(293 |
) |
|
|
(1,082 |
) |
|
Accretion of original issue discount on investments |
|
|
(143 |
) |
|
|
(438 |
) |
|
Amortization of deferred financing fees |
|
|
765 |
|
|
|
2,090 |
|
|
Changes in assets and liabilities: |
|
|
|
|
|
|
|
|
|
Interest and dividend receivable |
|
|
1,185 |
|
|
|
(333 |
) |
|
Prepaid expenses |
|
|
448 |
|
|
|
(16 |
) |
|
Receivable for unsettled trades |
|
|
(7,234 |
) |
|
|
(186 |
) |
|
Management and incentive fees payable |
|
|
(3,772 |
) |
|
|
(127 |
) |
|
Interest and financing fees payable |
|
|
(910 |
) |
|
|
(10 |
) |
|
Accounts payable and accrued expenses |
|
|
(20 |
) |
|
|
(507 |
) |
|
NET CASH PROVIDED BY OPERATING ACTIVITIES |
|
|
42,721 |
|
|
|
36,837 |
|
| |
|
|
|
|
|
|
|
|
|
CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
|
Paydowns on SBA-guaranteed debentures |
|
|
(91,000 |
) |
|
|
- |
|
|
Prepayment penalty on SBA-guaranteed debentures |
|
|
(519 |
) |
|
|
- |
|
|
Proceeds from KeyBank Credit Facility |
|
|
25,000 |
|
|
|
- |
|
|
Distributions paid to shareholders |
|
|
- |
|
|
|
(3,718 |
) |
|
Deferred financing fees paid |
|
|
- |
|
|
|
(214 |
) |
|
NET CASH USED IN FINANCING ACTIVITIES |
|
|
(66,519 |
) |
|
|
(3,932 |
) |
| |
|
|
|
|
|
|
|
|
|
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS |
|
|
(23,798 |
) |
|
|
32,905 |
|
|
CASH AND CASH EQUIVALENTS, beginning of period |
|
|
49,942 |
|
|
|
62,321 |
|
|
CASH AND CASH EQUIVALENTS, end of period |
|
$ |
26,144 |
|
|
$ |
95,226 |
|
| |
|
|
|
|
|
|
|
|
|
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION |
|
|
|
|
|
|
|
|
|
Cash paid for interest |
|
$ |
5,724 |
|
|
$ |
6,409 |
|
| |
|
|
|
|
|
|
|
|
|
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING
TRANSACTIONS |
|
|
|
|
|
|
|
|
|
Distributions paid through dividend reinvestment plan share
issuances |
|
$ |
- |
|
|
$ |
335 |
|
See accompanying notes to consolidated financial statements.
Logan Ridge Finance Corporation
Consolidated Schedule of
Investments
(in thousands, except for units/shares)
June 30, 2021
(unaudited)
|
Portfolio
Company, Country (1), (2), (3), (4), (5) |
|
Industry |
|
Type of Investment |
|
Acquisition
Date |
|
Principal
Amount |
|
|
Cost |
|
|
Fair Value |
|
|
%
of
Net Assets |
|
|
Non-control/non-affiliated investments
- 122.3% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-control/non-affiliated investments
- United States |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 Bridge Solutions, LLC |
|
IT Consulting |
|
First Lien Debt (13.0% Cash, Due
12/4/22) |
|
12/4/2017 |
|
$ |
8,466 |
|
|
$ |
8,466 |
|
|
$ |
8,466 |
|
|
|
7.4 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 Bridge Solutions, LLC |
|
IT Consulting |
|
Preferred Units (965
units) |
|
12/4/2017 |
|
|
|
|
|
|
1,090 |
|
|
|
1,250 |
|
|
|
1.1 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 Bridge Solutions, LLC |
|
IT Consulting |
|
Membership Units (39,000
units) |
|
12/4/2017 |
|
|
|
|
|
|
10 |
|
|
|
990 |
|
|
|
0.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,566 |
|
|
|
10,706 |
|
|
|
9.4 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alternative Biomedical Solutions,
LLC |
|
Healthcare |
|
First Lien Debt (8.0% Cash, Due
12/18/22) |
|
6/25/2020 |
|
|
7,119 |
|
|
|
7,119 |
|
|
|
6,732 |
|
|
|
5.9 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alternative Biomedical Solutions,
LLC |
|
Healthcare |
|
Series A Preferred Units (13,811
units) |
|
6/25/2020 |
|
|
|
|
|
|
1,275 |
|
|
|
804 |
|
|
|
0.7 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alternative Biomedical Solutions,
LLC |
|
Healthcare |
|
Series B Preferred Units (48,025
units) |
|
6/25/2020 |
|
|
|
|
|
|
3,943 |
|
|
|
- |
|
|
|
0.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alternative Biomedical Solutions,
LLC |
|
Healthcare |
|
Series C Preferred Units (78,900
units) |
|
6/25/2020 |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
0.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alternative Biomedical Solutions,
LLC |
|
Healthcare |
|
Membership Units (20,092
units) |
|
12/18/2017 |
|
|
|
|
|
|
800 |
|
|
|
- |
|
|
|
0.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alternative Biomedical Solutions,
LLC |
|
Healthcare |
|
Membership Unit Warrants (49,295
units) |
|
6/25/2020 |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
0.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,137 |
|
|
|
7,536 |
|
|
|
6.6 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
American Clinical Solutions,
LLC |
|
Healthcare |
|
First Lien Debt (7.0% Cash, Due
12/31/22) |
|
12/31/2019 |
|
|
3,500 |
|
|
|
3,500 |
|
|
|
3,327 |
|
|
|
2.9 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
American Clinical Solutions,
LLC |
|
Healthcare |
|
First
Lien Debt (7.0% Cash, Due 12/31/21) (6) |
|
4/13/2020 |
|
|
250 |
|
|
|
250 |
|
|
|
238 |
|
|
|
0.2 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
American Clinical Solutions,
LLC |
|
Healthcare |
|
Class A Membership Units (6,030,384
units) |
|
4/13/2020 |
|
|
|
|
|
|
3,198 |
|
|
|
4,905 |
|
|
|
4.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,948 |
|
|
|
8,470 |
|
|
|
7.4 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AmeriMark Direct, LLC |
|
Consumer Products |
|
First Lien Debt (12.8% Cash, Due
9/8/21) |
|
9/8/2016 |
|
|
9,270 |
|
|
|
9,261 |
|
|
|
9,177 |
|
|
|
8.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,261 |
|
|
|
9,177 |
|
|
|
8.1 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BigMouth, Inc. |
|
Consumer Products |
|
First
Lien Debt (9.0% Cash (1 month LIBOR + 8.5%, 0.5% Floor), Due
11/14/21) (7) |
|
11/14/2016 |
|
|
1,866 |
|
|
|
1,268 |
|
|
|
998 |
|
|
|
0.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,268 |
|
|
|
998 |
|
|
|
0.9 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BLST Operating Company,
LLC |
|
Online Merchandise
Retailer |
|
Second
Lien Debt (10.0% (1 month LIBOR + 8.5%, 1.5% Floor), Due 8/28/25)
(8) |
|
8/28/2020 |
|
|
1,953 |
|
|
|
1,953 |
|
|
|
1,943 |
|
|
|
1.7 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BLST Operating Company,
LLC |
|
Online Merchandise
Retailer |
|
Class A Common Units (217,013
units) |
|
8/28/2020 |
|
|
|
|
|
|
286 |
|
|
|
2,699 |
|
|
|
2.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,239 |
|
|
|
4,642 |
|
|
|
4.1 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Burke America Parts Group,
LLC |
|
Home Repair Parts
Manufacturer |
|
Membership Units (14
units) |
|
4/30/2015 |
|
|
|
|
|
|
5 |
|
|
|
3,220 |
|
|
|
2.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 |
|
|
|
3,220 |
|
|
|
2.8 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Chicken Soup for the Soul,
LLC |
|
Multi-platform media and consumer
products |
|
First
Lien Debt (10.0% Cash (1 month LIBOR + 8.5%, 1.5% Floor), Due
2/22/22) (6) |
|
12/14/2018 |
|
|
10,045 |
|
|
|
10,045 |
|
|
|
10,045 |
|
|
|
8.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,045 |
|
|
|
10,045 |
|
|
|
8.8 |
% |
Logan Ridge Finance Corporation
Consolidated Schedule of Investments
(in thousands, except for units/shares)
June 30, 2021
(unaudited)
|
Portfolio
Company, Country (1), (2), (3), (4), (5) |
|
Industry |
|
Type of Investment |
|
Acquisition
Date |
|
Principal
Amount |
|
|
Cost |
|
|
Fair Value |
|
|
%
of
Net Assets |
|
|
Chief Fire Intermediate,
Inc. |
|
Security System Services |
|
First
Lien Debt (8.6% Cash (1 month LIBOR + 7.0%, 1.6% Floor), Due
11/8/24) (7) |
|
11/8/2019 |
|
$ |
8,100 |
|
|
$ |
8,100 |
|
|
$ |
- |
|
|
|
0.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Chief Fire Intermediate,
Inc. |
|
Security System Services |
|
Class A Preferred Units (34,740
units) |
|
11/8/2019 |
|
|
|
|
|
|
913 |
|
|
|
- |
|
|
|
0.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Chief Fire Intermediate,
Inc. |
|
Security System Services |
|
Class B Common Units (3,510
units) |
|
11/8/2019 |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
0.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,013 |
|
|
|
- |
|
|
|
0.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate Visions, Inc. |
|
Sales & Marketing
Services |
|
Second
Lien Debt (11.0%, Due 11/29/21) (9) |
|
5/29/2015 |
|
|
19,425 |
|
|
|
19,425 |
|
|
|
19,425 |
|
|
|
17.1 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate Visions, Inc. |
|
Sales & Marketing
Services |
|
Common Stock (15,750 shares) |
|
5/29/2015 |
|
|
|
|
|
|
1,575 |
|
|
|
2,510 |
|
|
|
2.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,000 |
|
|
|
21,935 |
|
|
|
19.3 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freedom Electronics, LLC |
|
Electronic Machine Repair |
|
First Lien Debt (7.0% Cash (1 month
LIBOR + 5.0%, 2.0% Floor), Due 12/20/23) |
|
6/1/2020 |
|
|
2,601 |
|
|
|
2,601 |
|
|
|
2,601 |
|
|
|
2.3 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freedom Electronics, LLC |
|
Electronic Machine Repair |
|
First
Lien Debt (8.7% Cash, Due 12/20/23) (10)(11) |
|
12/20/2018 |
|
|
5,676 |
|
|
|
5,676 |
|
|
|
5,676 |
|
|
|
5.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freedom Electronics, LLC |
|
Electronic Machine Repair |
|
Membership Units (181,818
units) |
|
12/20/2018 |
|
|
|
|
|
|
182 |
|
|
|
220 |
|
|
|
0.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,459 |
|
|
|
8,497 |
|
|
|
7.5 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HUMC Opco, LLC |
|
Healthcare |
|
First
Lien Debt (9.0% Cash, Due 9/9/21) (6) |
|
8/8/2019 |
|
|
4,833 |
|
|
|
4,833 |
|
|
|
4,833 |
|
|
|
4.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,833 |
|
|
|
4,833 |
|
|
|
4.2 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
J5 Infrastructure Partners,
LLC |
|
Wireless Deployment
Services |
|
First
Lien Debt (8.3% Cash (1 month LIBOR + 6.5%, 1.8% Floor), Due
12/20/24) (12) |
|
12/20/2019 |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
0.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
J5 Infrastructure Partners,
LLC |
|
Wireless Deployment
Services |
|
First Lien Debt (8.3% Cash (1 month
LIBOR + 6.5%, 1.8% Floor), Due 12/20/24) |
|
12/20/2019 |
|
|
5,826 |
|
|
|
5,826 |
|
|
|
5,826 |
|
|
|
5.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,826 |
|
|
|
5,826 |
|
|
|
5.1 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jurassic Quest Holdings,
LLC |
|
Entertainment |
|
First Lien Debt (9.5% Cash (1 month
LIBOR + 7.5%, 2.0% Floor), Due 5/1/24) |
|
5/1/2019 |
|
|
8,605 |
|
|
|
8,605 |
|
|
|
8,651 |
|
|
|
7.6 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jurassic Quest Holdings,
LLC |
|
Entertainment |
|
Preferred Units (467,784
units) |
|
5/1/2019 |
|
|
|
|
|
|
480 |
|
|
|
1,188 |
|
|
|
1.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,085 |
|
|
|
9,839 |
|
|
|
8.6 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MicroHoldco, LLC |
|
General Industrial |
|
Preferred
Units (740,237 units) (13) |
|
7/25/2019 |
|
|
|
|
|
|
749 |
|
|
|
749 |
|
|
|
0.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
749 |
|
|
|
749 |
|
|
|
0.7 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rapid Fire Protection,
Inc. |
|
Security System Services |
|
First
Lien Debt (5.5% Cash (1 month LIBOR + 3.8%, 1.7% Floor), Due
11/22/24) (14) |
|
6/1/2020 |
|
|
608 |
|
|
|
608 |
|
|
|
608 |
|
|
|
0.6 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rapid Fire Protection,
Inc. |
|
Security System Services |
|
First Lien Debt (8.3% Cash (1 month
LIBOR + 6.5%, 1.8% floor), Due 2/28/22) |
|
5/3/2021 |
|
|
3,000 |
|
|
|
3,000 |
|
|
|
3,000 |
|
|
|
2.6 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rapid Fire Protection,
Inc. |
|
Security System Services |
|
First
Lien Debt (8.9% Cash, Due 11/22/24) (10)(15) |
|
11/22/2019 |
|
|
4,111 |
|
|
|
4,111 |
|
|
|
4,111 |
|
|
|
3.6 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rapid Fire Protection,
Inc. |
|
Security System Services |
|
Common Stock (363 shares) |
|
11/22/2019 |
|
|
|
|
|
|
500 |
|
|
|
5,469 |
|
|
|
4.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,219 |
|
|
|
13,188 |
|
|
|
11.6 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Seitel, Inc. |
|
Data Services |
|
First Lien Debt (9.3% Cash (3 month
LIBOR + 8.3%, 1.0% Floor), 2.0% PIK, Due 3/15/23) |
|
3/15/2019 |
|
|
4,709 |
|
|
|
4,709 |
|
|
|
3,720 |
|
|
|
3.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,709 |
|
|
|
3,720 |
|
|
|
3.3 |
% |
Logan Ridge Finance Corporation
Consolidated Schedule of Investments
(in thousands, except for units/shares)
June 30, 2021
(unaudited)
|
Portfolio
Company, Country (1), (2), (3), (4), (5) |
|
Industry |
|
Type of Investment |
|
Acquisition
Date |
|
Principal
Amount |
|
|
Cost |
|
|
Fair Value |
|
|
%
of
Net Assets |
|
|
Sequoia Healthcare Management,
LLC |
|
Healthcare Management |
|
First
Lien Debt (12.8% Cash, Due 9/9/21) (6)(7) |
|
8/21/2018 |
|
$ |
11,935 |
|
|
$ |
11,935 |
|
|
$ |
8,763 |
|
|
|
7.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,935 |
|
|
|
8,763 |
|
|
|
7.7 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Taylor Precision Products,
Inc. |
|
Household Product
Manufacturer |
|
Series C Preferred Stock (379
shares) |
|
12/23/2014 |
|
|
|
|
|
|
758 |
|
|
|
287 |
|
|
|
0.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
758 |
|
|
|
287 |
|
|
|
0.3 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. BioTek Laboratories,
LLC |
|
Testing laboratories |
|
First Lien Debt (7.0% Cash (3 month
LIBOR + 5.0%, 2.0% Floor), Due 12/14/23) |
|
6/1/2020 |
|
|
1,128 |
|
|
|
1,128 |
|
|
|
1,120 |
|
|
|
1.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. BioTek Laboratories,
LLC |
|
Testing laboratories |
|
First
Lien Debt (9.3% Cash, Due 12/14/23) (10)
(11) |
|
12/14/2018 |
|
|
3,509 |
|
|
|
3,509 |
|
|
|
3,479 |
|
|
|
3.1 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. BioTek Laboratories,
LLC |
|
Testing laboratories |
|
Class A Preferred Units (500
Units) |
|
12/14/2018 |
|
|
|
|
|
|
540 |
|
|
|
642 |
|
|
|
0.5 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. BioTek Laboratories,
LLC |
|
Testing laboratories |
|
Class C Units (578 Units) |
|
12/14/2018 |
|
|
|
|
|
|
1 |
|
|
|
116 |
|
|
|
0.1 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. BioTek Laboratories,
LLC |
|
Testing laboratories |
|
Class D Preferred Units (78
Units) |
|
4/3/2020 |
|
|
|
|
|
|
78 |
|
|
|
95 |
|
|
|
0.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,256 |
|
|
|
5,452 |
|
|
|
4.8 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Well Services, Inc. |
|
Oil & Gas Services |
|
Class
A Common Stock (1,202,499 shares) (16) |
|
11/9/2018 |
|
|
|
|
|
|
1,244 |
|
|
|
1,214 |
|
|
|
1.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,244 |
|
|
|
1,214 |
|
|
|
1.1 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sub Total Non-control/non-affiliated
investments - United States |
|
|
|
|
|
|
|
|
|
|
|
$ |
143,555 |
|
|
$ |
139,097 |
|
|
|
122.3 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliate Investments-
71.8% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Affiliate investments - United
States |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Burgaflex Holdings, LLC |
|
Automobile Part
Manufacturer |
|
Common Stock Class B (1,085,073
shares) |
|
5/7/2019 |
|
|
|
|
|
$ |
362 |
|
|
$ |
1,444 |
|
|
|
1.3 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Burgaflex Holdings, LLC |
|
Automobile Part
Manufacturer |
|
Common Stock Class A (1,253,198
shares) |
|
7/15/2014 |
|
|
|
|
|
|
1,504 |
|
|
|
945 |
|
|
|
0.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,866 |
|
|
|
2,389 |
|
|
|
2.1 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Eastport Holdings, LLC |
|
Business Services |
|
Second
Lien Debt (13.5% Cash (3 month LIBOR + 13.0%, 0.5% Floor), Due
12/29/21) (6) |
|
1/12/2016 |
|
|
16,500 |
|
|
|
16,414 |
|
|
|
16,500 |
|
|
|
14.5 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Eastport Holdings, LLC |
|
Business Services |
|
Membership Units (22.9%
ownership) |
|
1/12/2016 |
|
|
|
|
|
|
3,263 |
|
|
|
23,259 |
|
|
|
20.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,677 |
|
|
|
39,759 |
|
|
|
35.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GA Communications, Inc. |
|
Advertising & Marketing
Services |
|
Series A-1 Preferred Stock (1,998
shares) |
|
10/14/2011 |
|
|
|
|
|
|
3,477 |
|
|
|
4,150 |
|
|
|
3.7 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GA Communications, Inc. |
|
Advertising & Marketing
Services |
|
Series B-1 Common Stock (200,000
shares) |
|
10/14/2011 |
|
|
|
|
|
|
2 |
|
|
|
360 |
|
|
|
0.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,479 |
|
|
|
4,510 |
|
|
|
4.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LJS Partners, LLC |
|
QSR Franchisor |
|
Preferred Units (202,336
units) |
|
8/12/2019 |
|
|
|
|
|
|
437 |
|
|
|
783 |
|
|
|
0.7 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LJS Partners, LLC |
|
QSR Franchisor |
|
Common Membership Units (2,593,234
units) |
|
1/1/2012 |
|
|
|
|
|
|
1,224 |
|
|
|
4,944 |
|
|
|
4.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,661 |
|
|
|
5,727 |
|
|
|
5.0 |
% |
Logan Ridge Finance Corporation
Consolidated Schedule of Investments
(in thousands, except for units/shares)
June 30, 2021
(unaudited)
|
Portfolio
Company, Country (1), (2), (3), (4), (5) |
|
Industry |
|
Type of Investment |
|
Acquisition
Date |
|
Principal
Amount |
|
|
Cost |
|
|
Fair Value |
|
|
%
of
Net Assets |
|
|
MMI Holdings, LLC |
|
Medical Device Distributor |
|
First
Lien Debt (12.0% Cash, Due 9/30/21) (6) |
|
10/17/2011 |
|
$ |
2,600 |
|
|
$ |
2,600 |
|
|
$ |
2,600 |
|
|
|
2.3 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MMI Holdings, LLC |
|
Medical Device Distributor |
|
Second
Lien Debt (6.0% Cash, Due 9/30/21) (6) |
|
10/17/2011 |
|
|
400 |
|
|
|
388 |
|
|
|
400 |
|
|
|
0.4 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MMI Holdings, LLC |
|
Medical Device Distributor |
|
Preferred
Units (1,000 units, 6.0% PIK Dividend) (17) |
|
10/17/2011 |
|
|
|
|
|
|
1,731 |
|
|
|
1,850 |
|
|
|
1.5 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MMI Holdings, LLC |
|
Medical Device Distributor |
|
Common Membership Units (45
units) |
|
10/17/2011 |
|
|
|
|
|
|
- |
|
|
|
80 |
|
|
|
0.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,719 |
|
|
|
4,930 |
|
|
|
4.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Navis Holdings, Inc. |
|
Textile Equipment
Manufacturer |
|
First
Lien Debt (9.0% Cash, 2.0% PIK, Due 6/30/23)
(6) |
|
2/1/2011 |
|
|
10,640 |
|
|
|
10,640 |
|
|
|
10,377 |
|
|
|
9.1 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Navis Holdings, Inc. |
|
Textile Equipment
Manufacturer |
|
Class A Preferred Stock (1,000
shares) |
|
2/1/2011 |
|
|
|
|
|
|
1,000 |
|
|
|
1,000 |
|
|
|
0.9 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Navis Holdings, Inc. |
|
Textile Equipment
Manufacturer |
|
Common Stock (60,000 shares) |
|
2/1/2011 |
|
|
|
|
|
|
- |
|
|
|
463 |
|
|
|
0.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,640 |
|
|
|
11,840 |
|
|
|
10.4 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nth Degree Investment Group,
LLC |
|
Business Services |
|
Membership Units (6,088,000
Units) |
|
12/3/2019 |
|
|
|
|
|
|
6,088 |
|
|
|
- |
|
|
|
0.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,088 |
|
|
|
- |
|
|
|
0.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RAM Payment, LLC |
|
Financial Services |
|
First Lien Debt (6.5% Cash (1 month
LIBOR + 5.0%), 1.5% Floor), Due 1/4/24) |
|
6/1/2020 |
|
|
2,035 |
|
|
|
2,035 |
|
|
|
2,035 |
|
|
|
1.8 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RAM Payment, LLC |
|
Financial Services |
|
First
Lien Debt (9.8% Cash, Due 1/4/24) (10) |
|
1/4/2019 |
|
|
5,516 |
|
|
|
5,516 |
|
|
|
5,516 |
|
|
|
4.8 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RAM Payment, LLC |
|
Financial Services |
|
Preferred
Units (86,000 units, 8.0% PIK Dividend) (17) |
|
1/4/2019 |
|
|
|
|
|
|
1,031 |
|
|
|
3,494 |
|
|
|
3.1 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,582 |
|
|
|
11,045 |
|
|
|
9.7 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sierra Hamilton Holdings
Corporation |
|
Oil & Gas Engineering and
Consulting Services |
|
Second
Lien Debt (15.0%, Due 9/12/23) (18) |
|
9/12/2019 |
|
|
3 |
|
|
|
3 |
|
|
|
3 |
|
|
|
0.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sierra Hamilton Holdings
Corporation |
|
Oil & Gas Engineering and
Consulting Services |
|
Common Stock (15,068,000 shares) |
|
7/31/2017 |
|
|
|
|
|
|
6,958 |
|
|
|
955 |
|
|
|
0.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,961 |
|
|
|
958 |
|
|
|
0.8 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
V12 Holdings, Inc. |
|
Data Processing & Digital
Marketing |
|
Second
Lien Debt (13) |
|
11/21/2016 |
|
|
|
|
|
|
490 |
|
|
|
501 |
|
|
|
0.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
490 |
|
|
|
501 |
|
|
|
0.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sub Total Affiliate investments -
United States |
|
|
|
|
|
|
|
|
|
|
|
$ |
65,163 |
|
|
$ |
81,659 |
|
|
|
71.8 |
% |
Logan Ridge Finance Corporation
Consolidated Schedule of Investments
(in thousands, except for units/shares)
June 30, 2021
(unaudited)
|
Portfolio
Company, Country (1), (2), (3), (4), (5) |
|
Industry |
|
Type of Investment |
|
Acquisition
Date |
|
Principal
Amount |
|
|
Cost |
|
|
Fair Value |
|
|
%
of
Net Assets |
|
|
Control Investments - 6.4% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Control investments - United
States |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vology, Inc. |
|
Information Technology |
|
First Lien Debt (10.5% Cash (1 month
LIBOR + 8.5%, 2.0% Floor), Due 12/31/21) |
|
11/25/2019 |
|
$ |
3,635 |
|
|
$ |
3,635 |
|
|
$ |
3,635 |
|
|
|
3.2 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vology, Inc. |
|
Information Technology |
|
Class A Preferred Units (9,041,810
Units) |
|
11/25/2019 |
|
|
|
|
|
|
5,215 |
|
|
|
3,657 |
|
|
|
3.2 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vology, Inc. |
|
Information Technology |
|
Membership Units (5,363,982
Units) |
|
11/25/2019 |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
0.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,850 |
|
|
|
7,292 |
|
|
|
6.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sub Total Control investments - United
States |
|
|
|
|
|
|
|
|
|
|
|
$ |
8,850 |
|
|
$ |
7,292 |
|
|
|
6.4 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL INVESTMENTS - 200.5% |
|
|
|
|
|
|
|
|
|
|
|
$ |
217,568 |
|
|
$ |
228,048 |
|
|
|
200.5 |
% |
(1) All investments valued using unobservable inputs (Level 3),
unless otherwise noted.
(2) All investments valued by the Logan Ridge Finance Corporation's
(the "Company") board of directors.
(3) All debt investments are income producing, unless otherwise
noted. Equity and warrant investments are non-income producing,
unless otherwise noted.
(4) Percentages are based on net assets as of June 30,2021.
(5) The Company generally acquires its investments in private
transactions exempt from registration under the Securities Act of
1933, as amended (the "Securities Act"). These investments are
generally subject to certain limitations on resale, and may be
deemed to be "restricted securities" under the Securities Act.
(6) The maturity date of the original investment has been
extended.
(7) Non-accrual investment.
(8) 1.0% of interest rate payable in cash. 9.0% of interest rate
payable in cash or paid-in-kind at borrower's election. The
borrower is currently paying all interest in cash.
(9) 9.0% of interest rate payable in cash. 2.0% of interest rate
payable in cash or paid-in-kind at borrower's election. The
borrower is currently paying all interest in cash.
(10) The cash rate equals the approximate current yield on our
last-out portion of the unitranche facility.
(11) The investment has a $1.0 million unfunded commitment.
(12) The investment has a $3.5 million unfunded commitment.
(13) The investment has been exited or sold. The residual value
reflects estimated earnout, escrow, or other proceeds expected
post-closing.
(14) The investment has a $3.0 million unfunded commitment.
(15) The investment has a $1.3 million unfunded commitment.
(16) Investment is valued using observable inputs (Level 1). The
stock of the company is traded on the NASDAQ Capital Market under
the ticker "USWS."
(17) The equity investment is income producing, based on rate
disclosed.
(18) 15.0% of interest rate payable in cash or paid-in-kind at
borrower's election.
Logan Ridge Finance Corporation
Consolidated Schedule of Investments
(in thousands, except for units/shares)
December 31, 2020
|
Portfolio
Company, Country (1), (2), (3), (4), (5) |
|
Industry |
|
Type of Investment |
|
Acquisition Date |
|
Principal Amount |
|
|
Cost |
|
|
Fair Value |
|
|
%
of
Net Assets |
|
|
Non-control/non-affiliated investments
- 158.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-control/non-affiliated investments
- United States |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 Bridge Solutions, LLC |
|
IT Consulting |
|
First Lien Debt (13.0% Cash, Due
12/4/22) |
|
12/4/2017 |
|
$ |
12,083 |
|
|
$ |
12,083 |
|
|
$ |
12,083 |
|
|
|
11.1 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 Bridge Solutions, LLC |
|
IT Consulting |
|
Preferred Units (965
units) |
|
12/4/2017 |
|
|
|
|
|
|
1,090 |
|
|
|
1,116 |
|
|
|
1.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3 Bridge Solutions, LLC |
|
IT Consulting |
|
Membership Units (39,000
units) |
|
12/4/2017 |
|
|
|
|
|
|
10 |
|
|
|
- |
|
|
|
0.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,183 |
|
|
|
13,199 |
|
|
|
12.1 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alternative Biomedical Solutions,
LLC |
|
Healthcare |
|
First Lien Debt (8.0% Cash, Due
12/18/22) |
|
6/25/2020 |
|
|
7,119 |
|
|
|
7,119 |
|
|
|
7,119 |
|
|
|
6.5 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alternative Biomedical Solutions,
LLC |
|
Healthcare |
|
Series A Preferred Units (13,275
units) |
|
6/25/2020 |
|
|
|
|
|
|
1,275 |
|
|
|
1,327 |
|
|
|
1.2 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alternative Biomedical Solutions,
LLC |
|
Healthcare |
|
Series B Preferred Units (46,160
units) |
|
6/25/2020 |
|
|
|
|
|
|
3,943 |
|
|
|
2,898 |
|
|
|
2.7 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alternative Biomedical Solutions,
LLC |
|
Healthcare |
|
Series C Preferred Units (78,900
units) |
|
6/25/2020 |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
0.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alternative Biomedical Solutions,
LLC |
|
Healthcare |
|
Membership Units (20,092
units) |
|
12/18/2017 |
|
|
|
|
|
|
800 |
|
|
|
- |
|
|
|
0.0 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alternative Biomedical Solutions,
LLC |
|
Healthcare |
|
Membership Unit Warrants (49,295
units) |
|
6/25/2020 |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
0.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,137 |
|
|
|
11,344 |
|
|
|
10.4 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
American Clinical Solutions,
LLC |
|
Healthcare |
|
First Lien Debt (7.0% Cash, Due
12/31/22) |
|
12/31/2019 |
|
|
3,500 |
|
|
|
3,500 |
|
|
|
3,474 |
|
|
|
3.2 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
American Clinical Solutions,
LLC |
|
Healthcare |
|
First
Lien Debt (7.0% Cash, Due 6/30/21) (6) |
|
4/13/2020 |
|
|
250 |
|
|
|
250 |
|
|
|
250 |
|
|
|
0.2 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
American Clinical Solutions,
LLC |
|
Healthcare |
|
Class A Membership Units (6,030,384
units) |
|
4/13/2020 |
|
|
|
|
|
|
3,198 |
|
|
|
3,831 |
|
|
|
3.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,948 |
|
|
|
7,555 |
|
|
|
6.9 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AmeriMark Direct, LLC |
|
Consumer Products |
|
First Lien Debt (14.0% Cash, 1.3% PIK,
Due 9/8/21) |
|
9/8/2016 |
|
|
14,705 |
|
|
|
14,649 |
|
|
|
14,649 |
|
|
|
13.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,649 |
|
|
|
14,649 |
|
|
|
13.5 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BigMouth, Inc. |
|
Consumer Products |
|
First
Lien Debt (9.0% Cash (1 month LIBOR + 8.5%, 0.5% Floor), Due
11/14/21) (7) |
|
11/14/2016 |
|
|
1,866 |
|
|
|
1,268 |
|
|
|
1,000 |
|
|
|
0.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,268 |
|
|
|
1,000 |
|
|
|
0.9 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BLST Operating Company,
LLC |
|
Online Merchandise
Retailer |
|
Second
Lien Debt (10.0% (1 month LIBOR + 8.5%, 1.5% Floor), Due 8/28/25)
(8) |
|
8/28/2020 |
|
|
1,953 |
|
|
|
1,953 |
|
|
|
1,953 |
|
|
|
1.8 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BLST Operating Company,
LLC |
|
Online Merchandise
Retailer |
|
Class A Common Units (217,013
units) |
|
8/28/2020 |
|
|
|
|
|
|
286 |
|
|
|
300 |
|
|
|
0.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,239 |
|
|
|
2,253 |
|
|
|
2.1 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Burke America Parts Group,
LLC |
|
Home Repair Parts
Manufacturer |
|
Membership Units (14
units) |
|
4/30/2015 |
|
|
|
|
|
|
5 |
|
|
|
2,461 |
|
|
|
2.3 |
% |
|
|
|
|