Medley Capital boosts credit facility by $20 million to $365 million

By Toni Weeks

San Luis Obispo, Calif., Sept. 26 - Medley Capital Corp. obtained an additional $20 million of commitments to its senior secured revolving and term loan credit facilities, according to a press release.

The $365 million credit facility is comprised of a $245 million revolver and $120 million term loan. An accordion feature permits subsequent increases up to $400 million.

The credit facility was arranged and led by ING Capital LLC.

New York-based Medley is an externally managed, non-diversified, closed-end management investment company that seeks to generate current income and capital appreciation through investments primarily in privately negotiated debt and equity securities of middle-market companies. The company's investment activities are managed by investment adviser MCC Advisors LLC.

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