---
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"
generated_at: "2026-06-10T06:13:13.008249+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Medallion Financial closes $39M private placement of 9.25% Senior Notes due 2028; repurchases $33M 2024 notes

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-248561
- JSON: https://secwatch.observer/filing/0001193125-23-248561.json
- Plain text: https://secwatch.observer/filing/0001193125-23-248561.txt

## Key facts
- Debt Financings
  MEDALLION FINANCIAL CORP incurred senior notes of $39.0 million aggregate principal amount with certain institutional investors at 9.25% per year maturing 2028.
  - Instrument: senior notes
  - Principal: $39.0 million aggregate principal amount
  - Counterparty: certain institutional investors
  - Rate: 9.25% per year
  - Maturity: 2028
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1000209/000119312523248561/0001193125-23-248561-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: certain institutional investors
  - Value: $39.0 million aggregate principal amount of 9.25% Senior Notes due 2028
  - Effective: 2023-09-29
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1000209/000119312523248561/0001193125-23-248561-index.htm

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