debt
confidence high
sentiment neutral
materiality 0.50
Medallion Financial closes $75M private placement of 8.25% senior notes due 2031
MEDALLION FINANCIAL CORP
- Issued $75M aggregate principal amount of 8.25% Senior Notes due May 1, 2031; interest paid semi-annually.
- Notes are unsecured and unsubordinated, ranking pari passu with existing unsecured debt.
- Notes assigned investment-grade rating of A- by Egan-Jones.
- Proceeds to support consumer and commercial lending segments and for general corporate purposes.
- Transaction led by JP Morgan Investment Management Inc.; Piper Sandler & Co. served as placement agent.