---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-035078"
form_type: "8-K"
ticker: "BCIC"
cik: "0001372807"
company_name: "BCP Investment Corp"
filed_at: "2025-07-16T23:59:59+00:00"
generated_at: "2026-05-18T06:13:06.905049+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Portman Ridge closes merger with Logan Ridge, rebrands as BCP Investment Corp, announces share repurchase plan

## Summary
- Merger closed July 15, 2025; LRFC shareholders received 1.5 PTMN shares each (approx. 4M shares issued).
- Combined company has >$600M in assets; PTMN to rebrand as BCP Investment Corporation (ticker BCIC).
- Company plans to transition to monthly base distributions starting 2026, with quarterly supplemental distributions.
- Management/affiliates intend to buy up to 20% of outstanding stock if price below 80% of NAV ($15.08 based on March 31 NAV).
- LRFC paid $0.47/share cash payment and declared $0.38/share tax distribution to legacy LRFC shareholders.

## SEC filing metadata
- accession: 0001628280-25-035078
- form_type: 8-K
- ticker: BCIC
- cik: 0001372807
- company_name: BCP Investment Corp
- filed_at: 2025-07-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1372807/000162828025035078/0001628280-25-035078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1372807/000162828025035078/ptmn-20250715.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-035078
- JSON: https://secwatch.observer/filing/0001628280-25-035078.json
- Plain text: https://secwatch.observer/filing/0001628280-25-035078.txt

## Source-grounded claims
- claim_id: 18c146ddaa820269d992f44dbc37c955fb02d7ea
  claim: BCP Investment Corp incurred senior notes of $50,000,000 million with U.S. Bank Trust Company, National Association at 6.00% maturing due 2026.
  evidence_excerpt: The Fifth Supplemental Indenture relates to the Company’s assumption of $50,000,000 million in aggregate principal amount of LRFC’s 6.00% Notes due 2026 (the “2026 Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1372807/000162828025035078/0001628280-25-035078-index.htm
- claim_id: 61dda431fbe33debd52440481645c9c73ba890cc
  claim: BCP Investment Corp incurred convertible notes of $2.5 million at 6.00% maturing due April 1, 2032.
  evidence_excerpt: The Assignment and Assumption Agreement relates to the Company’s assumption of $2.5 million in aggregate principal amount of 6.00% 2032 Convertible Notes, due April 1, 2032 (the “2032 Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1372807/000162828025035078/0001628280-25-035078-index.htm
- claim_id: f0525b9912cf2e068ccf0fe0a26c25cc6016a114
  claim: BCP Investment Corp completed an acquisition involving Logan Ridge Finance Corporation for approximately 4.0 million shares of PTMN common stock (closed 2025-07-15).
  evidence_excerpt: LRFC was converted into the right to receive 1.5 shares of common stock, par value $0.01 per share, of the Company. As a result, the Company issued an aggregate of approximately 4.0 million shares of its common stock to LRFC’s former stockholders. The foregoing description of the Merger Agreement is a summary only and is qualified in its entirety by reference to the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1372807/000162828025035078/0001628280-25-035078-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.