Medley Capital Raises Commitments to $262.5M
Medley Capital Corporation (NYSE: MCC) (the "Company") today announced the closing of an additional $70 million of commitments to its senior secured revolving and term loan credit facilities (the "Credit Facility"). The Credit Facility was arranged and led by ING Capital LLC ("ING"). Key Equipment Finance Inc. ("Key") and City National Bank ("City National") joined the lending group and committed $45 million and $15 million, respectively, to the Credit Facility. ING also increased its commitment by $10 million. Total commitments to the Credit Facility are $262.5 million, comprised of $182.0 million committed to the revolving credit facility and $80.5 million committed to the term loan facility. The Credit Facility provides for an aggregate accordion feature permitting subsequent increases to the Credit Facility up to an aggregate maximum amount of $300 million.
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