- The pricing on Medley's (NYSE:MCC) term loan facility was cut from Libor plus 3.25% to Libor plus 3%, with no floor. The pricing on the company's revolver remains at Libor plus 2.75%, with no floor. Both rates will come down by another 25 bps upon the company's receiving an investment grade rating from S&P.
- The maturity on the term loan facility was extended from June 2019 to July 2020, and the revolver from June 2017 to July 2019. The combined commitments and accordion features for the two remain at $517.5M and $600M, respectively.
- Source: Press release