Medley Capital Corporation (NYSE:MCC) Files An 8-K Other EventsItem 8.01Other Events.
On On February 7, 2018, Medley Capital Corporation (the “Company”) caused notices to be issued to the holders of its 6.125% Notes due 2023 (CUSIP No. 58503F 304; NASDAQ: MCV) (the “Notes”) regarding the Company’s exercise of its option to redeem all of the issued and outstanding Notes, to Section 1104 of the Indenture dated as of February 7, 2012, between the Company and U.S. Bank National Association, as trustee, and Section 101(h) of the Second Supplemental Indenture dated as of March 18, 2013. The Company will redeem $13,000,000 in aggregate principal amount of the $102,846,800 in aggregate principal amount of issued and outstanding Notes on March 10, 2018 (the “Redemption Date”). The Notes will be redeemed at 50% of their principal amount ($25 per Note), plus the accrued and unpaid interest thereon from December 30, 2017, through, but excluding, the Redemption Date. A copy of the notice of redemption is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
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Exhibit No. |
Description |
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99.1 |
Notice of Redemption of 6.125% Notes due 2023
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Medley Capital Corp ExhibitEX-99.1 2 exhibit991noticeofredempti.htm EXHIBIT 99.1 Exhibit Exhibit 99.1NOTICE OF REDEMPTION TO THE HOLDERS OF THE 6.125% Senior Notes due 2023 of Medley Capital Corporation (CUSIP No. 58503F 304)* Redemption Date: March 10,…To view the full exhibit click here
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.
