Medley Capital Corporation Announces New $100 Million Senior Secured Credit Facility for MCC Senior Loan Strategy JV I LLC

NEW YORK (August 5, 2015) - Medley Capital Corporation ("MCC", or the "Company") MCC today announced that MCC Senior Loan Strategy JV I LLC, a joint venture with a premier U.S. provider of fixed and fixed-index annuities, closed on a $100 million 7-year senior secured credit facility. Credit Suisse AG, Cayman Islands Branch is the Administrative Agent. 

In March 2015, MCC announced the formation of the joint venture, which will invest primarily in middle market senior secured loans and other corporate debt securities. MCC and its joint venture partner committed an aggregate of $100 million of equity to the joint venture, with MCC providing $87.5 million and the joint venture partner providing $12.5 million.

ABOUT MEDLEY CAPITAL CORPORATION

Medley Capital Corporation is a closed-end, externally managed business development company ("BDC") that trades on the New York Stock Exchange MCC. Medley Capital Corporation's investment objective is to generate current income and capital appreciation by lending to privately-held middle market companies, primarily through directly originated transactions, to help these companies expand their businesses, refinance and make acquisitions. Our portfolio generally consists of senior secured first lien loans and senior secured second lien loans. In many of our investments, we receive warrants or other equity participation features, which we believe will increase the total investment returns. Medley Capital Corporation is externally managed by MCC Advisors LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended. For additional information, please visit Medley Capital Corporation at www.medleycapitalcorp.com.

ABOUT MCC ADVISORS LLC

MCC Advisors LLC is a subsidiary of Medley Management Inc. MDLY. Medley is an asset management firm offering yield solutions to retail and institutional investors. Medley's national direct origination franchise, with over 80 people, is a premier provider of capital to the middle market in the U.S. As of March 31, 2015, Medley has in excess of $3.9 billion of assets under management in two business development companies, Medley Capital Corporation MCC and the Sierra Income Corporation, as well as private investment vehicles.  Over the past 13 years, we have invested in excess of $5.3 billion to help over 290 companies grow across 35 industries in North America. For additional information, please visit Medley Management Inc. at www.mdly.com.

SOURCE: Medley Capital Corporation

Investor Relations Contact:
Sam Anderson
Medley Management Inc.
212.759.0777 

Media Contact:
Liz Bruce
Fitzroy Communications
212.498.9197