Medley Capital Corporation 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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