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

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

NEW YORK, NY (April 12, 2013) - Medley Capital Corporation (the "Company")
(NYSE: MCC) announced the closing of its registered public offering of
4,000,000 shares of its common stock, and the closing of an additional 492,271
shares pursuant to the underwriters' option to purchase additional shares, at
a public offering price of $14.70 per share. The Company raised approximately
$63.2 million in net proceeds after deducting underwriting discounts and
commissions and estimated offering expenses. The Company intends to use the
net proceeds from the offering to fund new investment opportunities, to repay
the outstanding indebtedness under its credit facility, 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.

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.

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 both current income and capital
appreciation, primarily through investments in privately negotiated debt and
equity securities of middle market companies. 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. 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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The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Medley Capital Corporation via Thomson Reuters ONE
HUG#1692891
 
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