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Medley Capital authorized to repurchase $20M notes

Medley Capital Corp. on June 1 got approval from its board to repurchase and retire up to $20 million of the company's outstanding 5.300% 2024 notes, which are traded on the Tel Aviv Stock Exchange.

The repurchase plan comes in view of continued repayment from borrowers and a strong liquidity position.

The plan is expected to continue until the full authorized amount is purchased.