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.
Medley Capital amended its senior secured credit facilities and completed a voluntary partial prepayment of the company’s term loan credit facility.
WhiteHorse Capital hired former GE Chief Credit Officer for Telecom, Media and Technology Kimberly Massa as managing director and Peter McLaughlin as principal.
Medley Capital reduced its revolving credit facility commitment amount to $200 million from $343.5 million. ING Capital served as administrative agent for the transaction.
Medley Management said Medley Capital’s MCC Senior Loan Strategy JV1 and Sierra Income’s Senior Loan Strategy JV1 each closed on a $100 million credit facility. Credit Suisse was the administrative agent for both facilities.
Medley Capital announced an amendment, extension and reduction in pricing to its existing term loan and revolving credit facility lender group led by ING Capital.
Lincoln International completed a financing for FKI Security Group, a portfolio company of Pfingsten Partners. The financing consisted of senior financing provided by PNC Business Credit and Medley Capital.
Medley Capital announced it amended, extended and increased its existing revolver and term loan credit facility with a bank group led by ING Capital.
Lighting Science announced it entered into a new $53 million credit facility agented by Medley Capital. Proceeds will be used to refinance existing credit facilities and provide funding for operations.