26 04 2016

Medallion Financial Corp. $30 Million Notes Offering

Davis Polk advised the joint book-running managers in connection with an SEC-registered offering by Medallion Financial Corp. of $30 million aggregate principal amount of 9.000% notes due 2021 (the “Notes”).


Keefe, Bruyette & Woods, Inc., Stifel Company and Sandler O’Neill + Partners, L.P. acted as Joint Book-Running Managers. The Notes are expected to be listed on the NASDAQ Global Select Market under the symbol “TAXIL.” Medallion Financial Corp. is a specialty finance company with a leading position in the origination and servicing of loans that finance the purchase of taxicab medallions and various types of commercial businesses. Its wholly owned portfolio company, Medallion Bank, also originates consumer loans for the purchase of recreational vehicles, boats, motorcycles and trailers, and to finance small-scale home improvements. Medallion Financial Corp. is headquartered in New York City. The Davis Polk capital markets team included partner John G. Crowley (Picture) and associates Yasin Keshvargar and Dan Gibbons. The tax team included partner Michael Mollerus and associates Arie Rubenstein and Peter Benesch. Counsel Sarah E. Kim provided 1940 Act advice. The financial institutions team included partner Luigi L. De Ghenghi and associates Reuben Grinberg and Craig D. Kennedy. Involved fees earner: John G. Crowley - Davis Polk & Wardwell; Yasin Keshvargar - Davis Polk & Wardwell; Dan Gibbons - Davis Polk & Wardwell; Michael Mollerus - Davis Polk & Wardwell; Arie Rubenstein - Davis Polk & Wardwell; Peter Benesch - Davis Polk & Wardwell; Sarah Kim - Davis Polk & Wardwell; Luigi De Ghenghi - Davis Polk & Wardwell; Reuben Grinberg - Davis Polk & Wardwell; Craig Kennedy - Davis Polk & Wardwell;

LATEST ISSUE
Powered by Share Trading

Everlasting
POPULAR ARTICLES
Le Fonti IAIR Awards Take Hong Kong By Storm

21/03/2017

Hong Kong has become a city of bright expansion, culture, and futuristic innovation. Fr

Will Brexit break London's place as FinTech Capital?

17/11/2016

Fintech, it’s described as the disruption in financial services pushed by consume

Le Fonti IAIR Awards 2016 celebrates excellences in London.

17/10/2016

On October 14th, 2016, the world’s leading corporate stars aligned for a momentou

IAIR AWARDS 2016 IN NEW YORK: EMONEY ADVISOR, C.A.S.H., CREDIT SUISSE AND CHEETAH MOBILE AMONG THE WINNERS

15/04/2016

More than 19 Excellences in the global economy at the VI Annual Edition of IAIR AWARDS&

IAIR AWARDS & CEO SUMMIT 2015 IN DUBAI

20/11/2015

It took place on 19 November 2015 at Palace Downtown in Dubai the 19th edition of the I