Medley Capital Corporation Announces the Closing of its Offering of 5,000,000 Shares of Common Stock

2012-12-03 17:51:56 -

NEW YORK, NY (December 3, 2012) - Medley Capital Corporation (the "Company")
(NYSE: MCC) announced the closing of its registered public offering of
5,000,000 shares of its common stock at a public offering price of $13.75 per
share. The Company raised approximately $65.8 million in net proceeds after
deducting underwriting discounts and commissions and estimated offering
expenses. The Company intends to use the net proceeds from the offering to fund
new investment opportunities, to repay the outstanding indebtedness under its
credit facility, and for general corporate purposes.

Goldman, Sachs & Co., Barclays Capital Inc., Credit Suisse Securities (USA) LLC
and UBS Investment Bank are acting as joint book-running managers. Janney
Montgomery Scott LLC, BB&T Capital Markets, a division of Scott & Stringfellow,
LLC, Ladenburg Thalmann & Co. Inc., Gilford Securities Incorporated and Maxim
Group LLC are acting as co-managers.

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 shares 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 any of the
following investment banks: Goldman, Sachs & Co., Attn: Prospectus Department,
200 West Street, New York, NY 10282; Barclays Capital Inc., Attn: Prospectus
Department, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717; Credit Suisse Securities (USA) LLC, Attention: Prospectus
Department, 11 Madison Avenue, New York, NY 10010; or UBS Investment Bank, Attn:
Prospectus Department, 299 Park Avenue, New York, NY 10171; or by calling
Goldman, Sachs & Co. at (866) 471 2526, sending a request via facsimile at (212)
902-9316, or by emailing; calling Barclays Capital
Inc. at (888) 603-5847, or by emailing at;
calling Credit Suisse Securities (USA) LLC at (800) 221-1037, or by emailing
newyork.prospectus@creditsuisse. com; or calling UBS Investment Bank at (888)
827-7275 ext. 3884. Investors are advised to carefully consider the investment
objective, risks and charges and expenses of the Company before investing.


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


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.


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. 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
Richard T. Allorto

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Source: Medley Capital Corporation via Thomson Reuters ONE

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