Medley Capital 6.125% notes due 2023 set to trade on NYSE

By Susanna Moon

Chicago, March 22 - Medley Capital Corp.'s 6.125% $25-par senior notes due March 30, 2023 were admitted for trading on the New York Stock Exchange under the symbol "MCV."

The company sold $60 million of 6.125% senior notes due March 30, 2023 at par of $25 on March 13, as reported by Prospect News.

The joint bookrunners were Jefferies & Co., Keefe, Bruyette & Woods and Janney Montgomery Scott LLC. BB&T Capital Markets was a lead manager.

Interest will be payable on the 30th day of March, June, September and December, beginning June 30. The notes become callable on or after March 30, 2016 at par plus accrued interest.

Proceeds will be used to pay down a revolving credit facility, for new investment opportunities and for general corporate purposes.

Medley is a New York-based externally managed, non-diversified closed-end management investment company.

© 2015 Prospect News.
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