Sierra, MCC and MDLY Merge to Create Internally Managed BDC

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 Supports Summit Acquisition of ABC Fire and Cylinder Service

Medley Management provided a senior secured credit facility to support Summit Companies’ acquisition of ABC Fire and Cylinder Service.

Medley Supports J.W. Childs’ Acquisition of Walker Edison

Medley Management provided a senior secured credit facility to support the J.W. Childs Associates’ acquisition of home furnishings provider Walker Edison.

City National Provides $15MM Revolver to Medley Management

Medley Management amended its credit facility, extending the maturing date to March 31, 2020 and keeping the amount of the revolver at $15 million.

Credit Suisse Agents Medley Management $200MM JV Facilities

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 Promotes Soni to Head of Direct Lending Western Region

Medley Management announced that Kunal Soni, managing director, has been promoted to head of Direct Lending in the Western region.

Medley Hires Liao as Managing Director

Medley Management announced Howard Liao joined the Medley team as a managing director and member of the corporate credit group.