Bookrunners Goldman Sachs, Barclays, Credit Suisse, JPMorgan assist
By Devika Patel
Knoxville, Tenn., Sept. 4 - Medley Capital Corp. said it priced a $78 million public offering of stock with a $5.4 million greenshoe. The offering was announced Tuesday.
The company will sell 6 million common shares at $13.00 per share. The price per share reflects a 2.04% discount to the Sept. 3 closing share price of $13.27.
Goldman Sachs & Co., Barclays, Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are the joint bookrunning managers.
Proceeds will be used for new investment opportunities, to repay debt under the company's revolving credit facility and for general corporate purposes.
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.
| Issuer: | Medley Capital Corp.
|
| Issue: | Common stock
|
| Amount: | $78 million
|
| Greenshoe: | $5.4 million
|
| Shares: | 6 million
|
| Price: | $13.00
|
| Warrants: | No
|
| Bookrunners: | Goldman Sachs & Co., Barclays, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC
|
| Co-managers: | BB&T Capital Markets, Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc. and Maxim Group LLC
|
| Announcement date: | Sept. 3
|
| Pricing date: | Sept. 4
|
| Stock symbol: | NYSE: MCC
|
| Stock price: | $13.27 at close Sept. 3
|
| Market capitalization: | $431.11 million
|
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