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;

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