Medallion Financial, through a special purpose subsidiary, renewed its credit facility agreement. DZ Bank acted as agent for the lender, Autobahn Funding, on the transaction.
According to a related 8-K filing, the facility’s maturity date was extended for an additional nine months to December 15, 2018, while small technical changes were implemented to improve the facility’s flexibility.
“We are pleased to complete this latest extension of our credit facility, secured by medallion loans, with our partners at DZ Bank and continue to appreciate their ongoing long-term support, as well as that of our other banking partners,” said Andrew Murstein, president of Medallion Financial.
Medallion Financial is a specialty finance company that originates and services loans in various industries, along with its wholly-owned portfolio company, Medallion Bank.
