Dear Harvest Capital Credit Corporation Stockholder:Merger Agreement • March 30th, 2021 • Portman Ridge Finance Corp
Thank you for your support as we work toward completing the acquisition by Portman Ridge Finance Corporation (“PTMN”) of Harvest Capital Credit Corporation (“HCAP”). On December 23, 2020, PTMN, Rye Acquisition Sub Inc., a wholly-owned subsidiary of PTMN (“Acquisition Sub”), HCAP, and Sierra Crest Investment Management LLC, the external investment adviser to PTMN, entered into an Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which, upon the terms and subject to the conditions set forth in the Merger Agreement, among other things, as part of a single, integrated transaction, (i) Acquisition Sub will merge with and into HCAP, with HCAP surviving as a wholly owned subsidiary of PTMN (the “First Merger”), and (ii) immediately following the First Merger, HCAP will merge with and into PTMN (the “Second Merger”, and together with the First Merger, the “Mergers”) with PTMN surviving the Second Merger. The closing of the Mergers is subject to the satisfaction of certain closi
