Current Report Filing (8-k)
July 05 2018 - 4:33PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
8-K
CURRENT REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event
reported)
July 2, 2018
MEDALLION FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
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Delaware
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(State or other jurisdiction of incorporation)
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001-37747
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04-3291176
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(Commission File Number)
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(IRS Employer Identification Number)
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437 Madison Avenue
New York, New York 10022
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(Address of principal executive offices) (Zip Code)
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Registrants telephone number, including area code
(212)
328-2100
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(Former Name or Former Address, if Changed Since Last Report)
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Check the
appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 1.01.
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ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
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Medallion Financial Corp. (the Company)
entered into a Loan Modification Agreement, dated July 2, 2018, by and among the Company, Medallion Funding LLC, Medallion Fine Art, Inc. and Sterling National Bank (the Amendment) to amend its Amended and Restated Loan and Security
Agreement, dated March 28, 2011 (the Credit Agreement). Under the terms of the Amendment, the maturity date of the facility was extended to July 31, 2018 and other technical changes were implemented. The Company and Sterling
National Bank are currently in the process of negotiating a longer term amendment to the Credit Agreement.
The foregoing description of the Amendment is
qualified in its entirety by reference to the Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
ITEM 9.01.
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FINANCIAL STATEMENTS AND EXHIBITS.
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Exhibit No.
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Description
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10.1
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Loan Modification Agreement, dated as of July 2, 2018, by and among Medallion Financial Corp., Medallion Funding LLC, Medallion Fine Art, Inc. and Sterling National Bank.
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Exhibit Index
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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MEDALLION FINANCIAL CORP.
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By:
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/s/ Larry D. Hall
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Name:
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Larry D. Hall
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Title:
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Chief Financial Officer
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Date:
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July 5, 2018
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4
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