2013-03-13 21:13:52 -

NEW YORK, NY (March 13, 2013) - Medley Capital Corporation (the "Company")
(NYSE: MCC) announced today that it has priced an offering of $60.0 million in
aggregate principal amount of 6.125% senior notes. The offering size has been
increased from the $40.0 million of notes initially offered. The notes are
expected to mature on March 30, 2023, and may be redeemed in whole or in part at
any time or from time to time at the Company's option on or after March
30, 2016.  Interest will be payable quarterly. The Company has also granted the
underwriters a 30-day option to purchase up to an additional $9.0 million in
aggregate principal amount of notes. The Company intends to use the net proceeds
from the offering to repay a portion of   the outstanding indebtedness under its
revolving credit facility, fund new investment opportunities and for general
corporate purposes.

The notes are expected to be listed on the New York Stock Exchange and to trade
thereon within 30 days of the original issue date under the trading symbol
"MCV". Jefferies LLC, Keefe, Bruyette & Woods, Inc. and Janney Montgomery Scott
LLC are acting as joint book-running managers. BB&T Capital Markets, a division
of BB&T Securities, LLC is acting as the lead manager. J.J.B. Hilliard, W.L.
Lyons, LLC, Incapital LLC and Wunderlich Securities, Inc. are acting as senior
co-managers. Ladenburg Thalmann & Co. Inc., Maxim Group LLC, Gilford Securities
Incorporated, Dominick & Dominick LLC, National Securities Corporation and
Oppenheimer & Co. Inc. are acting as co-managers.

Investors are advised to consider carefully the investment objective, risks and
charges and expenses of the Company before investing.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy, nor will there be any sale of, the notes referred to in this
press release in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification under the
securities laws of such state or jurisdiction. A registration statement relating
to these securities was filed and has been declared effective by the Securities
and Exchange Commission.

This offering is being made solely by means of a written prospectus forming part
of the effective registration statement, which may be obtained from of any of
the following investment banks: Jefferies LLC, Attention: Debt Capital Markets,
520 Madison Avenue, New York, NY 10022; or by calling Jefferies LLC at (201)
761-7610; or Keefe, Bruyette & Woods, Inc., Attention: Capital Markets, 787
Seventh Avenue, 4(th) Floor, New York, NY 10019; or by calling Keefe, Bruyette &
Woods, Inc. toll-free at (800) 966-1559; or Janney Montgomery Scott LLC,
Attention: Debt Capital Markets, 1717 Arch Street, Philadelphia, 19103; or by
calling Janney Montgomery Scott LLC at (215) 665-6170 or by emailing
synorders@janney.com.

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 current income and capital
appreciation by lending directly to privately held middle market companies to
help these companies fund acquisitions, growth or refinancing.  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 and $50 million. Medley will support acquisition and growth
financings, leveraged buyouts, management buyouts, bank debt restructurings,
capital expenditures, Chapter 11 exit financing and DIP financing. Medley is
headquartered in New York with offices in San Francisco.

FORWARD-LOOKING STATEMENTS

Statements included herein may contain "forward-looking statements".  Statements
other than statements of historical facts included in this press release may
constitute forward-looking statements and are not guarantees of future
performance or results and involve a number of assumptions, risks and
uncertainties, which change over time. Actual results may differ materially from
those anticipated in any forward-looking statements as a result of a number of
factors, including those described from time to time in filings by the Company
with the Securities and Exchange Commission. Except as required by law, the
Company undertakes no duty to update any forward-looking statement made herein.
All forward-looking statements speak only as of the date of this press release.

SOURCE: Medley Capital Corporation

Contact:
Richard T. Allorto
212.759.0777



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Source: Medley Capital Corporation via Thomson Reuters ONE
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