NEW YORK, Jan. 10, 2019 /PRNewswire/ -- Medley
Management Inc. (NYSE: MDLY, "Medley"), today announced that it
provided a senior secured credit facility to support the
acquisition of Walker Edison by J.W.
Childs Associates, L.P. ("J.W. Childs").
Walker Edison partners with
leading global e-commerce platforms to provide innovative home
furnishings at affordable prices. The company utilizes a data
driven approach to product development and a robust logistics and
supply chain to deliver best-in-class customer service and
support.
"We were pleased to partner with Medley on financing this
acquisition and appreciate their support," said David Fiorentino, a Partner with J.W. Childs.
"We look forward to continuing to work together to support
Walker Edison's continued
success."
"Medley is pleased to provide a financing solution to J.W.
Childs for this acquisition," said Brian
Dohmen, Head of Direct Lending & Origination at
Medley.
About Medley
Medley is an alternative asset management firm offering yield
solutions to retail and institutional investors. Medley's national
direct origination franchise is a premier provider of capital to
the middle market in the U.S. Medley has $4.8 billion of assets under management in two
business development companies, Medley Capital Corporation (NYSE:
MCC) (TASE: MCC) and Sierra Income Corporation, a credit interval
fund, Sierra Total Return Fund (NASDAQ: SRNTX) and several private
investment vehicles. Over the past 15 years, we have provided
capital to over 400 companies across 35 industries in North America.1
Medley LLC, the operating company of Medley Management Inc., has
outstanding bonds which trade on the New York Stock Exchange under
the symbols (NYSE:MDLX) and (NYSE:MDLQ). Medley Capital Corporation
is dual-listed on the New York Stock Exchange (NYSE:MCC) and the
Tel Aviv Stock Exchange (TASE: MCC) and has outstanding bonds which
trade on both the New York Stock Exchange under the symbols
(NYSE:MCV), (NYSE:MCX) and the Tel Aviv Stock Exchange under the
symbol (TASE: MCC.B1).
Investor Relations Contact:
Sam Anderson
Head of Capital Markets & Risk Management
Medley Management Inc.
212-759-0777
Media Contact:
Erin Clark
Teneo Strategy
646-214-8355
1Medley Management Inc. is the parent company of
Medley LLC and several registered investment advisors (collectively
"Medley"). Assets under management refers to assets of our funds,
which represents the sum of the net asset value of such funds, the
drawn and undrawn debt (at the fund level, including amounts
subject to restrictions) and uncalled committed capital (including
commitments to funds that have yet to commence their investment
periods). Assets under management are as of September 30, 2018.
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SOURCE Medley Management Inc.