Chicago Atlantic BDC publishes deck outlining proposed all-stock merger with Chicago Atlantic Real Estate Finance on NAV-for-NAV basis

Chicago Atlantic Real Estate Finance, Inc.
Chicago Atlantic BDC

Chicago Atlantic Real Estate Finance, Inc.

REFI

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Chicago Atlantic BDC

LIEN

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  • Chicago Atlantic BDC outlined a proposed all-stock merger with Chicago Atlantic Real Estate Finance, structured on an adjusted NAV-for-NAV exchange ratio.
  • REFI plans to elect BDC status, then merge into LIEN; the combined company would remain a BDC listed on Nasdaq under LIEN.
  • Pro forma portfolio investment value of $771 million as of March 31, 2026; net asset value of $613 million.
  • Pro forma trailing 12-month realized gross yield of 16.7%; non-accruals at cost of 2.2%; leverage ratio of 0.28x.
  • Closing targeted for 4Q26, subject to shareholder votes, regulatory clearances, and other customary closing conditions.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chicago Atlantic BDC Inc. published the original content used to generate this news brief on June 18, 2026, and is solely responsible for the information contained therein.