Release Date: November 12, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Q: Were there any non-recurring items this quarter? A: There were not. - Brandon Satoren, CFO
Q: What does the sale of the nth degree investment mean for integrating Logan Ridge with other vehicles? A: The sale removes a significant barrier, allowing us to move forward with integration plans. - Ted Goldthorpe, CEO
Q: The revised credit facility seems to have a higher advance rate. Is the bank more accommodating despite potential commercial real estate issues? A: Yes, our financing sources are more accommodating and aggressive on terms, reflecting increased competition for our business. - Patrick Schafer, CIO
Q: Can you comment on deployment in the fourth quarter, especially with Logan being less leveraged after the nth degree pay down? A: Logan now has more flexibility to participate in lower-yielding but attractive credit opportunities, enhancing its market buyer position. - Patrick Schafer, CIO
Q: Why was the share repurchase program limited, and will it be amended given the lower leverage? A: The program was set before the nth degree sale, limiting its size. Future programs will consider current leverage and liquidity. - Patrick Schafer, CIO
Q: Are there any expectations for repayments on the remaining equity positions? A: The market is favorable for M&A, and we believe it makes sense for the owners to consider exits, though we don't control these scenarios. - Patrick Schafer, CIO
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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