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Medley’s 6.875% $25-par notes due 2026 begin trading on NYSE
By Stephanie N. Rotondo
Seattle, Aug. 17 – Medley LLC’s $25 million of 6.875% $25-par unsecured notes due Aug. 15, 2026 were admitted to the New York Stock Exchange on Wednesday, according to a market source.
The ticker symbol is “MDLX.” The notes priced Aug. 4. Price talk was in the 6.875% area.
Incapital LLC, FBR Capital Markets, JonesTrading and Ladenburg Thalmann & Co. Inc. were the joint bookrunners. Compass Point was the co-manager.
Interest will be payable on the 15th day of February, May, August and November, beginning Nov. 15. The company can redeem the notes on or after Aug. 15, 2019 at par plus accrued interest.
The New York-based asset management firm will use the proceeds to repay outstanding amounts under a senior secured term loan facility with Credit Suisse AG, Cayman Islands Branch.
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