Logan Ridge Finance Corporation (NASDAQ:LRFC) Q2 2022 Earnings Conference Call August 10, 2022 10:00 AM ET
Company Participants
Ted Goldthorpe - President & Chief Executive Officer
Jason Roos - Chief Financial Officer
Patrick Schafer - Chief Investment Officer
Conference Call Participants
Christopher Nolan - Ladenburg Thalmann
Steven Martin - Slater Capital
Operator
Welcome to Logan Ridge Finance Corporation Second Quarter 2022 Earnings Conference Call. An earnings press release was distributed yesterday, August 9, after market close. A copy of the release, along with an earnings presentation is available on the company's website at www.loganridgefinance.com in the Investors Relations section and should be reviewed in conjunction with the company's Form 10-Q filed yesterday with the SEC. As a reminder, this conference call is being recorded for replay purposes.
Please note that today's call may contain forward-looking statements which are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the company's filings with the SEC. Logan Ridge Finance Corporation assumes no obligation to update any such forward-looking statements unless required by law.
With that, I would now like to turn the call over to Ted Goldthorpe, Chief Executive Officer of Logan Ridge Finance Corporation.
Ted Goldthorpe
Good morning. Welcome to our second quarter 2022 earnings call. I'm joined today by my Chief Financial Officer, Jason Roos; and our Chief Investment Officer, Patrick Schafer. Following my opening remarks, Patrick will provide additional detail on our investment activity to date and Jason will walk through the financials.
The second quarter of 2022 was transformational for Logan Ridge and marks our first year anniversary serving as the company's investment adviser. We're proud to say that during this time, we've quickly and completely transformed Logan Ridge through the successful execution of our business plan and we expect shareholders will really begin to see the fruits of our labor and the performance of the company in the second half of 2022.
While Patrick will provide additional details on the transformation of our portfolio, I would like to emphasize a few of the milestones that I believe are game changers for Logan Ridge. We have substantially derisked and delevered the company. Specifically, as of June 30, 2022, 42% of the company's investment portfolio at fair value was originated by BC Credit -- BC Partners credit platform with ample cash and unused borrowing capacity under our new credit facility available for future deployment.