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Medley to sell $28.75 million of $25-par notes via Incapital’s Leopards program
By Stephanie N. Rotondo
Seattle, July 14 – Medley LLC, the operating company of Medley Management Inc., is offering $28.75 million of $25-par notes via Incapital LLC’s Leopards program, according to a prospectus filed with the Securities and Exchange Commission.
Incapital is acting as the purchasing agent.
Interest will be paid on a quarterly basis. The notes are also redeemable at par plus accrued interest.
The notes will be listed.
Proceeds will be used to repay a portion of the outstanding amounts under the company’s senior secured term loan facility with Credit Suisse AG, Cayman Islands Branch. As of July 13, the facility had $95 million outstanding.
Medley is a New York-based asset management firm.
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