Medallion Financial Agrees to Repurchase $15 Million in Debt at 73.66% of Face Value

Bitget2026/10/19 10:03

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Medallion Financial agreed to repurchase $15 million of trust preferred securities from BIMIZCI Fund for $11.05 million.
The purchase price represents 73.66% of face value, with accumulated distributions payable through the repurchase date.
Closing is expected within 30 days, subject to customary conditions; a gain will be recorded in the fourth quarter of 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Medallion Financial Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610190600PRIMZONEFULLFEED9847856) on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Medallion Financial Agrees to Repurchase $15 Million in Debt at 73.66% of Face Value

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