Medley Capital plans to price 4.25 million shares in public offering

Proceeds slated to pay down some outstanding loans under facility

By Susanna Moon

Chicago, Aug. 21 - Medley Capital Corp. announced a registered public offering of 4.25 million shares of its common stock. Underwriters were granted a 30-day option for another 637,500 shares.

Proceeds will be used to repay some outstanding debt under the company's credit facility.

Goldman, Sachs & Co., Barclays, Credit Suisse Securities (USA) LLC and UBS Investment Bank are the bookrunning managers.

The company's stock (NYSE: MCC) closed at $13.21 on Aug. 21.

Medley Capital is a closed-end management investment company based in New York that invests in privately negotiated debt and equity securities of middle-market companies.

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