Medley Capital Corporation (NYSE:MCC) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01Entry into a Material Definitive Agreement.

On January 26, 2018, Medley Capital Corporation (the “Company”) announced that it has priced an institutional offering in Israel of $121.1 million of its Series A Notes (the “2024 Notes”). The 2024 Notes will be issued to a deed of trust between the Company and Mishmeret Trust Company, Ltd. as trustee.

The 2024 Notes will mature on February 27, 2024, and may be redeemed in whole or in part at any time or from time to time at the Company’s option after March 22, 2018. The 2024 Notes will pay interest at a rate of 5.05%. Interest on the 2024 Notes is payable semi-annually in arrears commencing August 27, 2018. The principal on the 2024 Notes will be payable in four annual installments, of which 25% will be payable on each of February 27, 2021-2024.

The 2024 Notes are general, unsecured obligations and rank equal in right of payment with all of the Company’s existing and future unsecured indebtedness. The deed of trust governing the 2024 Notes includes certain customary covenants, including minimum equity requirements, and events of default. The 2024 Notes are rated ilA+ by S&P Global Ratings Maalot Ltd. and will be listed for trading on the Tel Aviv Stock Exchange (“TASE”).

The 2024 Notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration under the Securities Act or in transactions exempt from, or not subject to, such registration requirements.

A press release announcing the offering of the 2024 Notes is attached hereto as Exhibit 99.1 (the “Press Release”).

Item 2.03Creation of a Direct Financial Obligation or an Obligation under and Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 is incorporated by reference into this Item 2.03.

Item 7.01Regulation FD Disclosure.

On January 26, 2018, the Company announced that its common stock has been approved for dual listing on the TASE. The Company will continue to be listed on NASDAQ. No new shares of the Company are being issued. Trading is expected to begin on or about Monday, January 29, 2018.

The Press Release also announces the dual listing.

Item 9.01 Financial Statements and Exhibits.

(a) Not applicable.

(b) Not applicable.

(c) Not applicable.

(d) Exhibits.

Medley Capital Corp Exhibit
EX-99.1 2 exhibit991pressreleasedate.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Medley Capital Corporation Upsizes and Prices $121.1 Million of 5.05% Notes and Announces Dual Listing of MCC Common Equity on the Tel Aviv Stock ExchangeNEW YORK,…
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About Medley Capital Corporation (NYSE:MCC)

Medley Capital Corporation is a non-diversified closed-end management investment company. The Company’s investment objective is to generate current income and capital appreciation by lending directly to privately-held middle market companies, primarily through directly originated transactions to help these companies expand their business, refinance and make acquisitions. Its investment portfolio includes senior secured first lien term loans, senior secured second lien term loans, unitranche, senior secured first lien notes, subordinated notes and warrants and minority equity securities. It may invest up to 100% of its assets in securities acquired directly from issuers in privately negotiated transactions. Its portfolio of investments includes industries, including banking, finance, insurance and real estate; construction and building; healthcare and pharmaceuticals; beverage and food, and telecommunications. MCC Advisors LLC is the Company’s investment advisor.