Medley’s 7.25% $25-par seven-year notes admitted to NYSE

By Stephanie N. Rotondo

Seattle, Jan. 25 – Medley LLC’s 7.25% $25-par notes due 2024 listed on the New York Stock Exchange on Wednesday, according to a market source.

The ticker symbol is “MDLQ.”

Medley first sold $30 million of the notes on Jan. 13. On Jan. 18, the company said its $4.5 million greenshoe had been fully exercised, bringing total issuance to $34.5 million.

The deal came upsized from $25 million and the greenshoe from $3.75 million.

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.

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.

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