Medley Capital increases credit facility commitments by $14 million

By Angela McDaniels

Tacoma, Wash., April 1 - Medley Capital Corp. said it amended its senior secured revolving and term loan credit facilities, increasing the accordion feature to $400 million from $300 million.

In addition, the company closed an additional $14 million of commitments from AloStar Business Credit.

The commitments to the revolver and the term loan are now $209 million and $105 million, respectively, according to a company news release.

The credit facilities were arranged and led by ING Capital LLC.

The company will use the additional commitments to grow its investment portfolio.

Medley is a management investment company based in New York. It invests primarily in privately negotiated debt and equity securities of middle-market companies.

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