Daily News: May 8, 2012

Medley Capital Adds Doral to Credit Facility, Increases Commitments

Medley Capital Corporation announced the closing of $10 million of additional commitments to its senior secured revolving credit facility led by ING Capital. Doral Bank joined the lending group and committed $10 million. The credit facility is fully committed with $125 million of total commitments.

“We are pleased to add Doral Bank to our growing bank group” said Brook Taube, chief executive officer of the company. “We intend to utilize the additional lending commitment to grow our investment portfolio and we look forward to working with Doral Bank as we expand our business in the years ahead. Our Credit Facility is now fully committed and we appreciate the bank group’s continued support of our business,” continued Taube.

Medley Capital is an externally managed, non-diversified closed-end management investment company. It is a direct lender targeting private debt transactions ranging in size from $10 to $50 million to borrowers principally located in North America.

Previously on abfjournal.com:

Medley Capital Adds OneWest Bank to Senior Credit Facility, Tuesday, April 03, 2012