Medley Capital Corporation announced that MCC Senior Loan Strategy JV I LLC, a joint venture with a premier U.S. provider of fixed and fixed-index annuities, closed on a $100 million 7-year senior secured credit facility. Credit Suisse AG, Cayman Islands Branch is the administrative agent.

In March 2015, MCC announced the formation of the joint venture, which will invest primarily in middle-market senior secured loans and other corporate debt securities. MCC and its joint venture partner committed an aggregate of $100 million of equity to the joint venture, with MCC providing $87.5 million and the joint venture partner providing $12.5 million.

Medley Capital Corporation is a closed-end, externally managed business development company ("BDC") that trades on the New York Stock Exchange MCC, -0.23% Medley Capital Corporation's investment objective is to generate current income and capital appreciation by lending to privately-held middle market companies, primarily through directly originated transactions, to help these companies expand their businesses, refinance and make acquisitions.