Daily News: May 2, 2013

JPMorgan Joins Medley Capital Lending Group

Medley Capital announced the closing of an additional $30 million of commitments to its senior secured revolving and term loan credit facilities. Medley said JPMorgan Chase Bank joined the lending group and committed $30 million to the credit facility.

Total commitments to the credit facility are $345 million, comprised of $230 million committed to the revolving credit facility and $115 million committed to the term loan facility. The credit facility provides for an aggregate accordion feature permitting subsequent increases to the credit facility up to an aggregate maximum amount of $400 million. The credit facility was arranged and led by ING Capital.

New York, NY-based Medley Capital is an externally-managed, non-diversified closed-end management investment company that has filed an election to be treated as a business development company under the Investment Company Act of 1940, as amended.

Previously on abfjournal.com:

ING Capital, AloStar Amend, Provide Medley Capital Facilities, Monday, April 01, 2013