Medallion Financial Corp. Announces Renewal of DZ Bank Credit Facility
March 14 2018 - 11:00AM
Business Wire
Medallion Financial Corp. (Nasdaq: MFIN) announced today that,
through a special purpose subsidiary, it has renewed for an
additional nine months its credit facility agreement with DZ Bank
AG Deutsche Zentral-Genossenschaftsbank (“DZ Bank”) as Agent for
the lender, Autobahn Funding Company LLC.
“We are pleased to complete this latest extension of our credit
facility, secured by medallion loans, with our partners at DZ Bank
and continue to appreciate their ongoing long-term support, as well
as that of our other banking partners,” stated Andrew Murstein,
President of Medallion Financial.
About Medallion Financial Corp.
Medallion Financial Corp. is a specialty finance company that
originates and services loans in various industries, and its
wholly-owned portfolio company, Medallion Bank, also originates and
services consumer loans. The Company and its subsidiaries have lent
approximately $7 billion to small businesses.
Please note that this press release contains forward-looking
statements that involve risks and uncertainties relating to
business performance, cash flow, costs, sales, net investment
income, earnings, and growth. Medallion Financial’s actual results
may differ significantly from the results discussed in such
forward-looking statements. Factors that might cause such a
difference include, but are not limited to, those factors discussed
under the heading “Risk Factors,” in Medallion Financial’s 2016
Annual Report on Form 10-K.
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Investors:ICR212-328-2176InvestorRelations@medallion.com
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