MEDLEY LLC (NYSE:CHMT) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01

On February 22, 2017, Medley LLC (Medley) completed its
previously announced registered public offering (the Offering) of
$34,500,000 aggregate principal amount of 7.25% senior notes due
2024 (the Notes), to an underwriting agreement, dated February
16, 2017, by and between Medley and FBR Capital Markets Co., as
representative of the several underwriters named therein. The
Notes were issued at a public offering price of 101.0% of the
aggregate principal amount, or $25.25 per note, for gross
proceeds of $34,845,000. Medley intends to use the net proceeds
from the Offering to repay the remaining $11.8 million
outstanding under its senior secured term loan facility with
Credit Suisse AG, Cayman Islands Branch, entered into on August
14, 2014 (the Term Loan Facility), as required by the terms of
the Term Loan Facility, and for general corporate purposes,
including working capital. As part of the Offering, Medley
granted the underwriters a 30-day option to purchase up to an
additional $4,500,000 in aggregate principal amount of Notes to
cover over allotments. Such option was exercised in full and is
included in the $34,500,000 aggregate principal amount referenced
above. The Notes are listed on the NYSE under the trading symbol
MDLQ. The Notes will form a single series with the $34,500,000 in
aggregate principal amount of Notes that the Company issued on
January 18, 2017.

The Notes were issued to a Fourth Supplemental Indenture (the
Fourth Supplemental Indenture), dated as of February 22, 2017,
between Medley and U.S. Bank National Association, as trustee
(the Trustee), to the indenture, dated as of August 9, 2016,
between Medley and the Trustee (the Base Indenture and together
with the Fourth Supplemental Indenture, the Indenture).

The Notes will be the senior unsecured obligations of Medley. The
Notes will mature on January 30, 2024. Medley will pay interest
on the Notes quarterly in arrears on January 30, April 30, July
30 and October 30 of each year, beginning April 30, 2017. The
Notes will be redeemable in whole or in part at the option of
Medley on or after January 30, 2020, at the redemption price of
100% of aggregate principal amount, plus any accrued and unpaid
interest.

The principal covenants in the Indenture include the obligation
to pay principal and interest and furnish certain reports. The
Indenture provides for customary events of default that include,
among other things (subject in certain cases to customary grace
periods): (i) nonpayment of principal and interest, when due;
(ii) breach of covenants in the Indenture; and (iii) certain
events of bankruptcy and insolvency. If an event of default
occurs and is continuing, the Trustee or holders of at least 50%
in principal amount of the then outstanding Notes may declare the
principal and accrued and unpaid interest, if any, on all the
Notes to be due and payable. These events of default are subject
to a number of important qualifications, limitations and
exceptions that are described in the Indenture.

The Fourth Supplemental Indenture is filed as Exhibit 4.1 to this
Current Report on Form 8-K and is incorporated by reference
herein. The above descriptions of the Indenture do not purport to
be complete and are qualified in their entirety by reference to
the Indenture.

The information provided in Item 1.01 above is incorporated
herein by reference.

(d) Exhibits:

About MEDLEY LLC (NYSE:CHMT)

Chemtura Corporation is a developer, manufacturer and marketer of engineered industrial specialty chemicals. The Company’s products are sold to industrial manufacturing customers for use as additives, ingredients or intermediates that add value to their end products. It operates through two segments: Industrial Performance Products and Industrial Engineered Products. Its Industrial Performance Products segment is a manufacturer and marketer of lubricant additive components, synthetic lubricant base-stocks, synthetic finished fluids, calcium sulfonate specialty greases and phosphate and polyester-based fluids, and also engaged in the development and production of hot cast elastomer pre-polymers. Its Industrial Engineered Products segment is a developer and manufacturer of bromine and bromine-based products and organometallic compounds. It operates in a range of end-use industries, including automotive, building and construction, electronics, lubricants, packaging and transportation.

MEDLEY LLC (NYSE:CHMT) Recent Trading Information

MEDLEY LLC (NYSE:CHMT) closed its last trading session 00.00 at 33.10 with 293,453 shares trading hands.