Medley Management Inc. Announces Medley LLC Notes Due 2024 Begin Trading on New York Stock Exchange
January 25 2017 - 3:12PM
Medley Management Inc. (“Medley”) (NYSE:MDLY), a credit-focused
asset management firm, announced that the $34,500,000 in aggregate
principal amount of 7.25% notes due 2024 issued by Medley LLC, its
operating company, began trading today on the New York Stock
Exchange under the trading symbol “MDLQ.”
This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor will there be any sale of, the
notes referred to in this press release in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of such state or jurisdiction.
ABOUT MEDLEY
Medley is a credit-focused asset management firm offering yield
solutions to retail and institutional investors. Medley's national
direct origination franchise, with over 85 people, is a premier
provider of capital to the middle market in the U.S. As of December
31, 2016, Medley had in excess of $5.3 billion of assets
under management in two business development companies, Medley
Capital Corporation (NYSE:MCC) and Sierra Income Corporation,
as well as private investment vehicles. Over the past 14 years, we
have provided in excess of $6 billion of capital to over
350 companies across 35 industries in North America.
Medley LLC, the operating company of Medley Management Inc., has
outstanding bonds which trade on the NYSE under the symbols
(NYSE:MDLX) and (NYSE:MDLQ). Medley Capital Corporation (NYSE:MCC)
has outstanding bonds which trade on the NYSE under the symbols
(NYSE:MCQ), (NYSE:MCV), and (NYSE:MCX).
FORWARD-LOOKING STATEMENTS
Statements included herein may contain “forward-looking
statements”. Statements other than statements of historical
facts included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of assumptions, risks and uncertainties, which
change over time. Actual results may differ materially from those
anticipated in any forward-looking statements as a result of a
number of factors, including those described from time to time in
filings by Medley and Medley LLC with the Securities and Exchange
Commission. Except as required by law, Medley and Medley LLC
undertake no duty to update any forward-looking statement made
herein. All forward-looking statements speak only as of the date of
this press release.
Investor Relations Contact: Sam Anderson212-759-0777Head of
Capital Markets & Risk ManagementMedley Management Inc.Medley
LLC
Media Contact:Liz Bruce212-498-9197 Fitzroy Communications
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