ING Capital Amends Medley Capital Financing
Medley Capital announced the closing of an additional $37.5 million of commitments to its senior secured revolving and term loan credit facilities. Total commitments to the credit facility are $300 million, comprised of a $200 million revolver and a $100 million term loan.
With these additional commitments the company has exercised the aggregate accordion feature permitting subsequent increases up to an aggregate maximum amount of $300 million. The facility was arranged and led by ING Capital.
The company is an externally-managed, non-diversified closed-end management investment company that generates both current income and capital appreciation, primarily through investments in privately negotiated debt and equity securities of middle-market companies.
ING Capital is an indirect U.S. subsidiary of ING Bank NV, which is part of the global financial services company ING Group.