Filed pursuant to Rule 433
Dated January 12, 2017
Registration Nos. 333-214609 and 333-215533
MEDLEY LLC
$30,000,000
7.25% Senior Notes due January 30, 2024
Term Sheet
Issuer: | Medley LLC |
Security description: | 7.25% Senior Notes due 2024 (the “2024 Notes”) |
Type of offering: | SEC Registered |
Principal amount: | $30,000,000 |
Over-allotment option: | $4,500,000 |
Maturity: | January 30, 2024 |
Coupon: | 7.25% |
Interest payment dates: | January 30, April 30, July 30 and October 30, beginning April 30, 2017 |
Regular record dates: | January 15, April 15, July 15 and October 15 |
Redemption: | Redeemable at par on or after January 30, 2020 |
Trade date: | January 12, 2017 |
Settlement: | T+3; January 18, 2017 |
Offering price: | $25.00 per 2024 Note |
Underwriting Discounts and Commissions: | $0.7875 per 2024 Note |
Price to issuer: | $24.2125 per 2024 Note |
Proceeds, before expenses: | $29,055,000 |
CUSIP / ISIN: | 58503Y 204/ US58503Y2046 |
Ratings*: | Egan-Jones Ratings Company: A- |
Proposed listing: | Intend to apply to list on the New York Stock Exchange Inc.; if approved for listing, trading is expected to begin within 30 days of issuance under the trading symbol “MDLQ” |
Joint Book-Running Managers: | FBR Capital Markets & Co. Incapital LLC BB&T Capital Markets, a division of BB&T Securities, LLC Compass Point Research & Trading, LLC Ladenburg Thalmann & Co. Inc. William Blair & Company, L.L.C. JonesTrading Institutional Services LLC |
Co-Managers: | Boenning & Scattergood, Inc. Maxim Group LLC National Securities Corporation Wedbush Securities Inc. |
Trustee: | U.S. Bank National Association |
*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The Issuer has filed a registration statement (including a preliminary prospectus) with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the preliminary prospectus and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Issuer, any purchasing agent or any dealer participating in the offering will arrange to send you the preliminary prospectus if you request it by emailing FBR Capital Markets & Co. at prospectuses@fbr.com.