XML 40 R33.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Acquisitions of Garrison Capital Inc. And Harvest Capital Credit Corporation (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
GARS Acquisition |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed |
($ in thousands) |  |  |
Common stock issued by the Company (1) |  | $ | 38,765 |
Cash consideration to GARS shareholders |  |  | 24,100 |
Transaction costs (excluding offering costs $432) |  |  | 1,168 |
Total purchase consideration |  | $ | 64,033 |
Assets acquired: |  |  |
Investments, at fair value (amortized cost of $277,380) |  | $ | 317,803 |
Cash |  |  | 35,361 |
Interest receivable |  |  | 1,871 |
Other assets |  |  | 2,088 |
Total assets acquired |  | $ | 357,123 |
Liabilities assumed: |  |  |
Debt |  | $ | 251,213 |
Other liabilities |  |  | 1,455 |
Total liabilities assumed |  | $ | 252,668 |
Net assets acquired |  | $ | 104,455 |
Total purchase discount |  | $ | (40,422 | )
(1) Based on the market price at closing of $1.26 as of October 28, 2020 and the 30,765,640 shares of common stock issued by the Company in conjunction with the merger.
HCAP Acquisition |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed |
($ in thousands) |  |  |
Common stock issued by the Company (1) |  | $ | 37,063 |
Cash consideration to HCAP shareholders (2) |  |  | 20,688 |
Transaction costs (excluding offering costs $519) |  |  | 881 |
Total purchase consideration |  | $ | 58,632 |
Assets acquired: |  |  |
Investments, at fair value (amortized cost of $53,812) |  | $ | 57,621 |
Cash |  |  | 32,119 |
Interest receivable |  |  | 431 |
Other assets |  |  | 2,665 |
Total assets acquired |  | $ | 92,836 |
Liabilities assumed: |  |  |
Debt |  | $ | 28,750 |
Other liabilities |  |  | 1,645 |
Total liabilities assumed |  | $ | 30,395 |
Net assets acquired |  | $ | 62,441 |
Total purchase discount |  | $ | (3,809 | )
Based on the market price at closing of $2.43 as of June 9, 2021 and the 15,252,453 shares of common stock issued by the Company in conjunction with the merger. (2) Approximately $18.5 million cash consideration paid by the Company plus $2.15 million cash payment paid at closing directly to shareholders of HCAP from the Adviser.

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-5 + Details
Name: | us-gaap_BusinessAcquisitionLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=ptmn_GarsAcquisitionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=ptmn_HcapAcquisitionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |