Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Medley LLC > News item |
Medley plans to sell up to $28.75 million of $25-par notes due 2024
By Stephanie N. Rotondo
Seattle, Jan. 10 – Medley LLC registered $28.75 million of $25-par notes due Jan. 30, 2024 in an S-1 filed with the Securities and Exchange Commission.
The registration covers a $25 million offering with a $3.75 million over-allotment option.
FBR Capital Markets, Incapital, BB&T Capital Markets, Compass Point, Ladenburg Thalmann & Co. Inc., William Blair and JonesTrading are the joint bookrunners.
Interest is payable on a quarterly basis. The notes become redeemable on or after Jan. 30, 2020 at par plus accrued interest.
The notes will be listed on the New York Stock Exchange.
Proceeds will be used to repay a portion of outstanding amounts under a senior secured term loan facility with Credit Suisse AG, Cayman Islands Branch.
Medley is a New York-based externally managed, non-diversified closed-end management investment company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.