2013-01-23 22:37:56 -

NEW YORK, NY (January 23, 2013) - Medley Capital Corporation (NYSE: MCC) (the
"Company") today announced the closing of an additional $37.5 million of
commitments to its senior secured revolving and term loan credit facilities (the
"Credit Facility"). Total commitments to the Credit Facility are $300 million,
comprised of $200 million committed to the revolving credit facility and $100
million committed to the term loan facility. With these additional commitments
the Company has exercised the aggregate accordion feature permitting subsequent
increases to the Credit Facility up to an aggregate maximum amount of $300
million. The Credit Facility was arranged and led by ING Capital LLC.

ABOUT MEDLEY CAPITAL CORPORATION

The Company is an externally-managed, non-diversified closed-end management
investment company that has filed an election to be treated as a business
development company   under the Investment Company Act of 1940, as amended. The
Company's investment objective is to generate both current income and capital
appreciation, primarily through investments in privately negotiated debt and
equity securities of middle market companies. The Company is a direct lender
targeting private debt transactions ranging in size from $10 to $50 million to
borrowers principally located in North America. The Company's investment
activities are managed by its investment adviser, MCC Advisors LLC, which is an
investment adviser registered under the Investment Advisers Act of 1940, as
amended.

ABOUT MCC ADVISORS LLC

MCC Advisors LLC, an affiliate of Medley LLC ("Medley"), is a registered
investment adviser under the Investment Advisers Act of 1940, as amended. Medley
specializes in credit investing, including direct private lending and corporate
credit related strategies and provides first lien, second lien and unitranche
term loans to lower middle-market and middle-market companies with an investment
size between $7-50 million. Medley will support acquisition and growth
financings, leveraged buyouts, management buyouts, bank debt restructurings,
CAPEX, Chapter 11 exit financing and DIP financing. Medley is headquartered in
New York with offices in San Francisco.

ABOUT ING CAPITAL LLC

ING Capital LLC is an indirect U.S. subsidiary of ING Bank NV, which is part of
the global financial services company ING Group. ING Bank NV has 67,000
employees serving its clients through its extensive global network in the
world's major financial services markets. ING Capital has built a leading
position in corporate lending. The Investment Industry Finance (IIF) group at
ING Capital offers a broad range of structured finance solutions to its clients
active in the Investment Industry, including BDCs.

SOURCE: Medley Capital Corporation

Richard Allorto, 212-759-0777




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Source: Medley Capital Corporation via Thomson Reuters ONE
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