Current Report Filing (8-k)
March 14 2018 - 12:50PM
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)
March
13, 2018
MEDALLION FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
Delaware
(State or other
jurisdiction of incorporation)
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814-00188
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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
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code
(212)
328-2100
(Former Name or Former Address, if Changed Since Last Report)
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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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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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.
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ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On March 13, 2018, Taxi Medallion Loan Trust III (the Trust), an indirect wholly-owned subsidiary of Medallion Financial Corp. (the
Company), entered into an amendment (the Amendment) which amended the Amended and Restated Loan and Security Agreement, dated as of December 12, 2016, by and among the Trust, Autobahn Funding Company LLC and DZ Bank AG
Deutsche
Zentral-Genossenschaftsbank,
Frankfurt am Main. Under the terms of the Amendment, (i) the maturity date of the credit facility was extended to December 15, 2018 and (ii) technical
changes were implemented which improved the Trusts flexibility under the credit facility.
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 in its entirety.
ITEM 8.01. OTHER EVENTS.
On
March 14, 2018, the Company issued a press release to the news media announcing the Amendment.
A copy of the press release is attached hereto as
Exhibit 99.1 and is incorporated herein by reference. The information in the press release is being furnished, not filed, pursuant to Item 8.01. Accordingly, the information in the press release will not be incorporated by reference into any
registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.
ITEM 9.01. 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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Omnibus Amendment No. 2, dated as of March 13, 2018, by and among Taxi Medallion Loan Trust III, Medallion Funding LLC, Medallion Financial Corp., Medallion Capital, Inc., Freshstart Venture Capital Corp., Autobahn Funding
Company LLC, and DZ Bank AG Deutsche
Zentral-Genossenschaftsbank,
Frankfurt am Main.
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99.1
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Press release, dated March 14, 2018.
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Exhibit Index
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Exhibit No.
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Description
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10.1
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Omnibus Amendment No. 2, dated as of March
13, 2018, by and among Taxi Medallion Loan Trust III, Medallion Funding LLC, Medallion Financial Corp., Medallion Capital, Inc., Freshstart Venture Capital Corp., Autobahn Funding Company LLC, and DZ Bank AG Deutsche
Zentral-Genossenschaftsbank,
Frankfurt am Main.
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99.1
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Press release, dated March 14, 2018.
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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: Larry D. Hall
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Title: Chief Financial Officer
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Date: March 14, 2018
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