Medley Capital Corporation : Medley Capital Corporation Announces the Pricing of the Offering of 4 Million Shares of its Common

Medley Capital Corporation : Medley Capital Corporation Announces the Pricing
           of the Offering of 4 Million Shares of its Common Stock

NEW YORK, NY  (April 9,  2013) -  Medley Capital  Corporation (the  "Company") 
(NYSE: MCC)  announced  the  pricing  of the  registered  public  offering  of 
4,000,000 shares of its common stock at a public offering price of $14.70  per 
share. The Company has granted the underwriters a 30-day option to purchase up
to an  additional 600,000  shares  sold at  the  public offering  price.  The 
Company intends to use the net proceeds  from the offering to repay a  portion 
of the outstanding indebtedness under its revolving credit facility, fund  new 
investment opportunities and for general corporate purposes.

Goldman, Sachs & Co.,  Barclays Capital Inc.,  Credit Suisse Securities  (USA) 
LLC and J.P. Morgan Securities LLC are acting as joint book-running  managers. 
BB&T Capital Markets, a  division of BB&T  Securities, LLC, Janney  Montgomery 
Scott LLC, Ladenburg Thalmann  & Co. Inc.  and Maxim Group  LLC are acting  as 
co-managers.

Investors are advised  to consider carefully  the investment objective,  risks 
and charges and expenses of the Company before investing.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy, nor will there be any sale of, the shares referred to in this
press release in any state or  jurisdiction in which such offer,  solicitation 
or sale would be unlawful prior to the registration or qualification under the
securities laws  of  such  state or  jurisdiction.  A  registration  statement 
relating to these securities was filed and has been declared effective by  the 
Securities and Exchange Commission.

This offering is being  made solely by means  of a written prospectus  forming 
part of the effective  registration statement, which may  be obtained from  of 
any of the following investment banks: Goldman, Sachs & Co., Attn:  Prospectus 
Department, 200 West Street, New York, NY 10282; Barclays Capital Inc.,  Attn: 
Prospectus Department, c/o  Broadridge Financial Solutions,  1155 Long  Island 
Avenue, Edgewood, NY  11717; Credit  Suisse Securities  (USA) LLC,  Attention: 
Prospectus Department, 11 Madison Avenue, New York, NY 10010; or J.P.  Morgan, 
c/o Broadridge Financial  Solutions, 1155  Long Island  Avenue, Edgewood,  New 
York 11717 (Attn: Prospectus Department); or  by calling Goldman, Sachs &  Co. 
at (866) 471-2526, sending  a request via facsimile  at (212) 902-9316, or  by 
emailing prospectus-ny@ny.email.gs.com; calling Barclays Capital Inc. at (888)
603-5847, or by emailing at barclaysprospectus@broadridge.com; calling  Credit 
Suisse Securities (USA) LLC at (800) 221-1037; or J.P. Morgan (866) 803-9204).

ABOUT MEDLEY CAPITAL CORPORATION

The Company is  an externally-managed,  non-diversified closed-end  management 
investment company that  has filed  an election to  be treated  as a  business 
development company under the Investment Company Act of 1940, as amended.  The 
Company's investment  objective  is to  generate  current income  and  capital 
appreciation by lending directly to privately held middle market companies  to 
help these companies fund acquisitions, growth or refinancing. The Company is
a direct lender targeting private debt  transactions ranging in size from  $10 
to $50  million  to  borrowers  principally  located  in  North  America.  The 
Company's investment activities  are managed  by its  investment adviser,  MCC 
Advisors LLC, which is an  investment adviser registered under the  Investment 
Advisers Act of 1940, as amended.

ABOUT MCC ADVISORS LLC

MCC Advisors  LLC, an  affiliate of  Medley LLC  ("Medley"), is  a  registered 
investment adviser  under the  Investment Advisers  Act of  1940, as  amended. 
Medley specializes in credit investing,  including direct private lending  and 
corporate credit related strategies and  provides first lien, second lien  and 
unitranche term loans to lower middle-market and middle-market companies  with 
an investment size between $7-50 million. Medley will support acquisition  and 
growth  financings,   leveraged  buyouts,   management  buyouts,   bank   debt 
restructurings, CAPEX, Chapter 11 exit financing and DIP financing. Medley  is 
headquartered in New York with offices in San Francisco.

FORWARD-LOOKING STATEMENTS

Statements  included   herein  may   contain  "forward-looking   statements". 
Statements other than statements  of historical facts  included in this  press 
release may constitute  forward-looking statements and  are not guarantees  of 
future performance or results and involve  a number of assumptions, risks  and 
uncertainties, which change  over time. Actual  results may differ  materially 
from those anticipated  in any  forward-looking statements  as a  result of  a 
number of factors, including those described  from time to time in filings  by 
the Company with the Securities and Exchange Commission. Except as required by
law, the Company undertakes  no duty to  update any forward-looking  statement 
made herein. All forward-looking statements speak only as of the date of  this 
press release.

SOURCE: Medley Capital Corporation

Contact:
Richard T. Allorto
212.759.0777

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Source: Medley Capital Corporation via Thomson Reuters ONE
HUG#1691635
 
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