Medley to sell $25 million more of its 6.875% $25-par unsecured notes due 2026

By Stephanie N. Rotondo

Seattle, Oct. 13 – Medley LLC is offering an additional $25 million of its 6.875% $25-par unsecured notes due Aug. 15, 2026 (NYSE: MDLX), the company said in an S-1 filed with the Securities and Exchange Commission on Thursday.

The company initially sold $25 million of the notes on Aug. 4.

Incapital LLC, FBR Capital Markets, JonesTrading, William Blair & Co. and Ladenburg Thalmann & Co. Inc. are the joint bookrunners.

Interest will be payable on the 15th day of February, May, August and November. 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 term loan facility.

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