Sierra Income Terminates Merger with Medley
Sierra Income terminated its previously announced mergers with Medley Capital and Medley Management as the outside date passed and neither of the mergers were consummated.
Sierra Income terminated its previously announced mergers with Medley Capital and Medley Management as the outside date passed and neither of the mergers were consummated.
Sierra Income, Medley Capital and Medley Management have entered into agreements under which MCC will merge with and into Sierra and Sierra will simultaneously acquire MDLY and its existing asset management business.
Sierra Income closed an additional $20 million of commitments to its senior revolver, arranged and led by ING Capital. One additional lender joined the lending group and committed the $20 million to the facility.
Sierra Income closed an amendment to its revolver through Alpine Funding. The amended facility increased Alpine’s leverage capacity from $150 million to $300 million.
Sierra Income announced the closing of an additional $25 million of commitments to its revolver with a bank group led by ING Capital. A new lender joined the group and committed $15 million to the facility.
Sierra Income announced the closing of an additional $30 million of commitments to its revolver, arranged and led by ING Capital. Key Equipment Finance joined the lending group and committed $30 million.
Sierra Income closed an additional $30 million of commitments to its revolver, arranged and led by ING Capital. Key Equipment Finance joined the lending group and committed $30 million.
Sierra Income announced it invested more than $90 million in originated transactions during Q2/14.
Sierra Income announced the closing of an additional $45 million of commitments to its facility, arranged and led by ING Capital.
Sierra Income announced the closing of a senior secured revolving credit facility led by ING Capital with an initial commitment of $50 million from ING Capital and EverBank Commercial Finance.