Medallion Financial Completes $75M Private Placement of Senior Notes

Key Facts

1Medallion Financial Corp. completed a private placement of $75.0 million in senior unsecured notes maturing May 1, 2031.

2The notes bear a fixed interest rate of 8.25% per year and received an investment grade rating of A- from Egan-Jones.

3JP Morgan Investment Management Inc. led the group of institutional investors in the private placement.

Medallion Financial Corp. has successfully closed a private placement of $75.0 million in senior unsecured notes maturing on May 1, 2031. The notes carry a fixed annual interest rate of 8.25%, attracting significant institutional interest. Notably, the issuance received an investment-grade rating of A- from Egan-Jones Ratings Company, validating the firm's creditworthiness. JP Morgan Investment Management Inc. led the group of institutional investors participating in the placement. The proceeds are expected to support the company's specialty finance operations and general corporate purposes. This successful capital raise, backed by a major financial institution, underscores market confidence in Medallion Financial's long-term strategic direction and balance sheet stability.