trending Market Intelligence /marketintelligence/en/news-insights/trending/Zy4bYVhrUynTbytJNSutAw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Medallion Financial prices $27.5M notes offering

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Medallion Financial prices $27.5M notes offering

Medallion FinancialCorp. on April 12 announced the pricing of $27.5 million in aggregateprincipal amount of 9.000% notes due 2021.

The notes will mature April 15, 2021. Interest on the notes willaccrue from April 15 and will be payable quarterly in arrears on Jan. 15, April15, July 15 and Oct. 15 each year, beginning July 15.

Medallion Financial intends to apply to list the notes on theNasdaq Global Select Market and expects trading to begin within 30 days of the firstoriginal issue date of the notes under the symbol TAXIL.

The company expects to use the net proceeds from the offeringto make loans and other investments in portfolio companies and for general corporatepurposes, including repaying borrowings under its revolving credit facilities andexpanding its operations.

The company may not redeem the notes prior to April 15, 2020.The company may redeem for cash all or any portion of the notes on or after April15, 2020, at a redemption price equal to the greater of 100% of the principal amountof the notes being redeemed and the discounted present value of those notes, discountedat the corresponding U.S. Treasury rate plus 50 basis points, plus accrued and unpaidinterest to, but excluding, the redemption date.

Keefe Bruyette & Woods and Sandler O'Neill & PartnersLP are acting as joint book-running managers for the offering.