Medallion Agrees To Buy From BIMIZCI $15M In Aggregate Liquidation Amount Of Trust Preferred Securities Issued By Medallion Financial Statutory Trust I, Due 2037, For $11M In Cash Plus Accrued And Unpaid Distributions Through Closing Date
ZimCal founder Stephen Hodges says the negotiated agreement concludes the firm's Medallion investment and returns the firm's focus to its core credit strategy.Agreement provides for Medallion’s purchase of
Medallion Financial bought back some of its own debt cheaply. This means the company is cleaning up its balance sheet and refocusing on its main business.
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