Medallion Financial has renewed its $125 million credit facility agreement with DZ Bank for an additional six months. DZ serves as agent for the lender.

“DZ Bank’s extension, as well as the extensions throughout 2016 of all our other credit facilities secured by taxi medallion loans, serves as a continued testament to our deep experience in the taxi medallion loan industry,” said Andrew Murstein, president of Medallion Financial. “We have continued to maintain a strong and mutually beneficial relationship with DZ for eight years and believe the ongoing support of our banking partners demonstrates their confidence in how we underwrite and manage our business.”

Medallion Financial is a specialty finance company that originates and services loans in various commercial industries. Its wholly-owned portfolio company, Medallion Bank, also originates and services consumer loans.