- Category
- Defining Matters
- Date
- Aug. 14, 2018
- Title
-
Kramer Levin Advises Special Committee of Medley Capital Corporation's Board of Directors in Merger With Sierra Income, Medley Management
On Aug. 9, 2018, Medley Capital Corporation (MCC) announced in a joint statement with Sierra Income Corporation (Sierra) and Medley Management Inc. (MDLY) that the entities have entered into a definitive agreement for Sierra to acquire MCC and MDLY, with MCC merging with and into Sierra with Sierra as the surviving company, and Sierra acquiring MDLY, which will operate as a wholly-owned subsidiary of Sierra. The combined company will have over $5 billion of assets under management. The transaction is expected to close in the fourth quarter of 2018 or early 2019.
Kramer Levin is advising the Special Committee of Medley Capital Corporation's Board of Directors.
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Terrence L. Shen
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George M. Silfen
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- Partner
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