{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-248561","form_type":"8-K","ticker":"MFIN","cik":"0001000209","company_name":"MEDALLION FINANCIAL CORP","filed_at":"2023-10-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.760531+00:00","generated_at":"2026-06-10T06:13:13.008249+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Medallion Financial closes $39M private placement of 9.25% Senior Notes due 2028; repurchases $33M 2024 notes","bullets":["Issued $39.0M aggregate principal of 9.25% Senior Notes due Sep 2028; rating A- from Egan-Jones.","Used $33.0M of proceeds to repurchase existing 8.25% senior notes due 2024 at 100.89% of par; balance for general corporate purposes.","New notes are unsecured, unsubordinated, rank pari passu with existing unsecured debt; interest paid semi-annually.","Privately placed with institutional investors; Piper Sandler served as sole placement agent.","Chairman Alvin Murstein stated financing reinforces financial flexibility and balance sheet strength."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-248561","json":"https://secwatch.observer/filing/0001193125-23-248561.json","markdown":"https://secwatch.observer/filing/0001193125-23-248561.md","text":"https://secwatch.observer/filing/0001193125-23-248561.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1000209/000119312523248561/0001193125-23-248561-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1000209/000119312523248561/d692601d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T06:13:13.008249+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9cc45c83a6324bc077ccf258ee190be1529dea88","claim":"MEDALLION FINANCIAL CORP incurred senior notes of $39.0 million aggregate principal amount with certain institutional investors at 9.25% per year maturing 2028.","evidence_excerpt":"On September 29, 2023, Medallion Financial Corp., a Delaware corporation (the “Company”), entered into several Note Purchase Agreements (the “Note Purchase Agreements”) with certain institutional investors relating to the private placement of its $39.0 million aggregate principal amount of 9.25% Senior Notes due 2028 (the “Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1000209/000119312523248561/0001193125-23-248561-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$39.0 million aggregate principal amount"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Rate","value":"9.25% per year"},{"label":"Maturity","value":"2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"84367f111ffe82e4dee5cef2eb313c56ceebc965","claim":"MEDALLION FINANCIAL CORP entered into Note Purchase Agreements with certain institutional investors valued at $39.0 million aggregate principal amount of 9.25% Senior Notes due 2028 (effective 2023-09-29).","evidence_excerpt":"On September 29, 2023, Medallion Financial Corp., a Delaware corporation (the “Company”), entered into several Note Purchase Agreements (the “Note Purchase Agreements”) with certain institutional investors relating to the private placement of its $39.0 million aggregate principal amount of 9.25% Senior Notes due 2028 (the “Notes”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1000209/000119312523248561/0001193125-23-248561-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Value","value":"$39.0 million aggregate principal amount of 9.25% Senior Notes due 2028"},{"label":"Effective","value":"2023-09-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}