Medley Capital (MCC) will offer 4M shares and use the proceeds to repay a portion of outstanding...

|About: Medley Capital (MCC)|By:, SA News Editor

Medley Capital (MCC) will offer 4M shares and use the proceeds to repay a portion of outstanding debt under its revolving credit facility, fund new investment opportunities and for general corporate purposes. The investment company had ~28.7M shares outstanding as of Jan. 14. Shares -2.8% premarket.