Medley Management Announces Pricing Of Medley LLC Public Offering

NEW YORK, Aug. 04, 2016 (GLOBE NEWSWIRE) — Medley Management Inc. (“Medley”) (NYSE:MDLY), a credit-focused asset management firm, today announced that Medley LLC, its operating company,  has priced an offering of $25 million in aggregate principal amount of 6.875% notes due 2026 at a public offering price of 100% of the principal amount.The notes mature on August 15, 2026. Interest will be payable quarterly.Medley LLC has granted the purchasing agents a 30-day option to purchase up to an additional $3.75 million in aggregate principal amount of notes to cover over allotments, if any. Medley LLC intends to use the net proceeds from the offering to repay a portion of the outstanding indebtedness under Medley LLC’s syndicated term loan.

The notes are expected to be listed on the New York Stock Exchange and to trade thereon within 30 days of the original issue date under the trading symbol “MDLX”. Incapital LLC, FBR Capital Markets & Co., JonesTrading Institutional Services and Ladenburg Thalman & Co. Inc. acted as joint book-running managers. Compass Point Research & Trading, LLC acted as co-manager.

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 notes 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.

This offering is being made solely by means of a written prospectus, which may be obtained from of any of the following investment banks: Incapital LLC, Attention: Capital Markets, 1800 North Military Trail, Suite 400, Boca Raton, FL 33431 or by emailing Incapital at[email protected]; or FBR Capital Markets & Co., Attention: Syndicate Prospectus Department, 1300 North 17^th Street Suite 1400, Arlington, VA 22209 or by calling FBR Capital Markets & Co. (703) 312-9726 of emailing FBR Capital Markets & Co. at[email protected]; or Jones-Trading Institutional Services LLC, 780 3^rd Avenue, New York, NY 10017 or by calling JonesTrading Institutional Services LLC toll-free at (800) 423 -5933; or Ladenburg Thalman & Co. Inc., 570 Lexington Avenue, 11^th Floor, New York, NY 10022, or by emailing Ladenburg & Co. Inc. at [email protected].A copy of the prospectus may also be obtained at no charge at the Securities and Exchange Commission’s website at www.sec.gov.