secwatch.observer — SEC 8-K summary
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Issuer:     MEDALLION FINANCIAL CORP (MFIN)
CIK:        0001000209
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0000950170-24-023132
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Medallion Capital gets SBA commitment for $18.5M in debentures
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- SBA committed $18.5M in debenture leverage to Medallion Capital (MFIN subsidiary).
- Leverage fee: $185K paid upfront; $370K deducted pro rata on draws.
- Draws allowed in whole or part until September 30, 2028.
- Commitment subject to SBA creditworthiness and compliance with 13 CFR Part 107.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000209/000095017024023132/0000950170-24-023132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000209/000095017024023132/mfin-20240228.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-023132

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer