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Medley begins $40 million at-the-market offering of 6.125% notes
By Angela McDaniels
Tacoma, Wash., Dec. 12 – Medley Capital Corp. will sell up to $40 million of additional 6.125% $25-par senior notes due 2023 through an at-the-market offering, according to a 497 filing with the Securities and Exchange Commission.
The company issued $63.5 million of the notes at par of $25 in March 2013.
FBR Capital Markets & Co. is the agent for the at-the-market offering.
The notes will be offered from time to time at varying prices.
The notes closed at $25.33 (NYSE: MCV) on Monday.
The notes are callable on or after March 30, 2016 at par plus accrued interest.
Proceeds will be used for general corporate purposes.
Medley is a New York-based externally managed, non-diversified closed-end management investment company.
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