 NEW YORK, June 24, 2021 GLOBE NEWSWIRE -- Portman Ridge Finance Corporation Nasdaq: PTMN the Company or Portman Ridge, a business development company, today announced that on June 23, 2021, it closed a private placement of 28.0 million in aggregate principal amount of 4.875 senior unsecured notes due 2026 the Notes. The Notes have identical terms to the Companys 80.0 of aggregate principal amount of 4.875 Notes due 2026 that were issued on April 30, 2021. The net proceeds to the Company were approximately 27.4 million, after deducting payment of fees and estimated offering expenses. 