Medallion extends loan to Aug. 15, drafting further two-year extension

By Wendy Van Sickle

Columbus, Ohio, Aug. 4 – Medallion Financial Corp. extended its amended and restated loan and security agreement with Sterling National Bank to Aug. 15 via a July 29 amendment, according to an 8-K filing with the Securities and Exchange Commission.

Medallion and Sterling are drafting an amendment to extend the credit agreement for an additional two years and expect to enter the amendment on or before Aug. 15, according to the filing.

New York-based Medallion Financial is a specialty finance company that originates and services loans in commercial industries.

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