---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-077276"
form_type: "8-K"
ticker: "MFIN"
cik: "0001000209"
company_name: "MEDALLION FINANCIAL CORP"
filed_at: "2024-06-25T23:59:59+00:00"
generated_at: "2026-06-01T02:03:38.199739+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Medallion Financial closes $17.5M senior notes placement, extends maturity to 2039, lowers rate to 8.875%

## Summary
- Principal increased $5M to $17.5M, replacing existing $12.5M 9.00% Senior Notes due 2033.
- New Notes mature June 30, 2039 and bear fixed 8.875% annual rate, paid semi-annually.
- Notes received investment grade rating A- from Egan-Jones.
- Net proceeds from the additional $5M will be used for general corporate purposes.
- President Andrew Murstein highlights lower rate, longer term, and larger amount as positive for shareholder value.

## SEC filing metadata
- accession: 0000950170-24-077276
- form_type: 8-K
- ticker: MFIN
- cik: 0001000209
- company_name: MEDALLION FINANCIAL CORP
- filed_at: 2024-06-25T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000209/000095017024077276/0000950170-24-077276-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000209/000095017024077276/mfin-20240625.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-077276
- JSON: https://secwatch.observer/filing/0000950170-24-077276.json
- Plain text: https://secwatch.observer/filing/0000950170-24-077276.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.