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MFIN · Medallion Financial Corp · Debt

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$10.10 -1.58 (-13.53%) At close · Oct 30 Q3 2026 earnings call transcript
Market Cap
$231.90M
Shares
22.96M
Volume · Oct 30 64.96K Avg daily vol (3M) 68.21K

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

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Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Long-term debt, including current maturities 2026-06-30 USD 287,547,000 10-Q filed 2026-08-05
Operating lease liabilities 2026-06-30 USD 4,339,000 10-Q filed 2026-08-05
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Current operating lease liabilities
USD 463,000
Noncurrent operating lease liabilities
USD 3,876,000
Short-term borrowings 2026-06-30 USD 54,500,000 10-Q filed 2026-08-05
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.

Covenants

Some sections could not be verified in 1 agreement document. Other restrictions or tests may apply.

Verified tests, triggers and restrictions appear with each agreement below. A verified term does not establish current compliance.

Loans, facilities and notes

8.25% Senior Notes due 2031

Note · Medallion Financial Corp.

Reference: 8.25% Senior Notes due 2031

Active
Original principal
USD 75,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
May 1, 2031

Last reported interest terms: 8.25% Reported 2026-04-28 Later filings may not restate these terms; this does not confirm they still apply.

Verified covenant terms

  • (a) · within 60 days (a) *Quarterly Statements* — within 60 days Applies to every series under this agreement (a) *Quarterly Statements* — within 60 days
    Full wording and supporting evidence
    Source evidence: (a) *Quarterly Statements* — within 60 days (or such shorter period as is the earlier of (x) 15 days greater than the period applicable to the filing of the Company’s Quarterly Report on Form 10-Q (the **“Form** **10** **-Q”**) with the SEC regardless of whether the Company is subject to the filing requirements thereof and (y) the date by which such financial statements are required to be delivered under any Material Credit Facility or the date on which such corresponding financial statements are delivered under any Material Credit Facility if such delivery occurs earlier than such required delivery date) after the end of each quarterly fiscal period in each fiscal year of the Company (other than the last quarterly fiscal period of each such fiscal year), duplicate copies of,
    Target identity evidence: Medallion Financial Corp., a Delaware corporation (the **“Company”**), agrees with each of the Purchasers as follows:
    Target identity evidence: **NOTE PURCHASE AGREEMENT**
    Target identity evidence: Dated April 28, 2026
  • (b) · within 105 days (b) *Annual Statements* — within 105 days Applies to every series under this agreement (b) *Annual Statements* — within 105 days
    Full wording and supporting evidence
    Source evidence: (b) *Annual Statements* — within 105 days (or such shorter period as is the earlier of (x) 15 days greater than the period applicable to the filing of the Company’s Annual Report on Form 10-K (the **“Form** **10** **-K”**) with the SEC regardless of whether the Company is subject to the filing requirements thereof and (y) the date by which such financial statements are required to be delivered under any Material Credit Facility or the date on which such corresponding financial statements are delivered under any Material Credit Facility if such delivery occurs earlier than such required delivery date) after the end of each fiscal year of the Company, duplicate copies of
    Target identity evidence: Medallion Financial Corp., a Delaware corporation (the **“Company”**), agrees with each of the Purchasers as follows:
    Target identity evidence: **NOTE PURCHASE AGREEMENT**
    Target identity evidence: Dated April 28, 2026
Documents and filing history
  1. Issuance · 2026-04-28 Original principal USD 75,000,000 Exact source document Parent 8-K filing · 2026-04-28
    On April 28, 2026, Medallion Financial Corp., a Delaware corporation (the “Company”), entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with affiliates of JP Morgan Investment Management Inc. and certain other institutional investors relating to the private placement of $75.0 million aggregate principal amount of the Company’s 8.25% Senior Notes due 2031 (the “Notes”). Closing of the issuance and sale of the Notes occurred on April 28, 2026. The private placement of the Notes was exempt from registration under the Securities Act of 1933, as amended. The net proceeds from the sale of the additional Notes are expected to be used for general corporate purposes.
    Issuer evidence: On April 28, 2026, Medallion Financial Corp., a Delaware corporation (the “Company”), entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with affiliates of JP Morgan Investment Management Inc. and certain other institutional investors relating to the private placement of $75.0 million aggregate principal amount of the Company’s 8.25% Senior Notes due 2031 (the “Notes”). Closing of the issuance and sale of the Notes occurred on April 28, 2026. The private placement of the Notes was exempt from registration under the Securities Act of 1933, as amended. The net proceeds from the sale of the additional Notes are expected to be used for general corporate purposes.
    Supporting evidence: #### The Notes will mature on May 1, 2031 and bear a fixed interest rate of 8.25% per year. Interest payments on the Notes are payable semiannually on May 1 and November 1 of each year, commencing on November 1, 2026. The Notes are unsecured and unsubordinated obligations of the Company, ranking pari passu with the Company’s existing and future unsecured and unsubordinated indebtedness.
    Supporting evidence: On April 28, 2026, Medallion Financial Corp., a Delaware corporation (the “Company”), entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with affiliates of JP Morgan Investment Management Inc. and certain other institutional investors relating to the private placement of $75.0 million aggregate principal amount of the Company’s 8.25% Senior Notes due 2031 (the “Notes”). Closing of the issuance and sale of the Notes occurred on April 28, 2026. The private placement of the Notes was exempt from registration under the Securities Act of 1933, as amended. The net proceeds from the sale of the additional Notes are expected to be used for general corporate purposes.

8.25% Senior Notes due 2031

Note · Medallion Financial Corp.

Reference: 8.25% Senior Notes due 2031

Active
Original principal
USD 75,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 8.25% Reported 2026-04-28 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-04-28 Original principal USD 75,000,000 Exact source document Parent 8-K filing · 2026-04-28
    The Company has authorized the issue and sale of up to $75,000,000 aggregate principal amount of its 8.25% Senior Notes due 2031 (together with all Notes issued in substitution or exchange therefor pursuant to Section 13 of this Agreement, the **“Notes”**). Certain capitalized and other terms used in this Agreement are defined in Schedule A and, for purposes of this Agreement, the rules of construction set forth in Section 22.4 shall govern.
    Issuer evidence: Medallion Financial Corp., a Delaware corporation (the **“Company”**), agrees with each of the Purchasers as follows:
    Supporting evidence: The Company has authorized the issue and sale of up to $75,000,000 aggregate principal amount of its 8.25% Senior Notes due 2031 (together with all Notes issued in substitution or exchange therefor pursuant to Section 13 of this Agreement, the **“Notes”**). Certain capitalized and other terms used in this Agreement are defined in Schedule A and, for purposes of this Agreement, the rules of construction set forth in Section 22.4 shall govern.
    Supporting evidence: The Company has authorized the issue and sale of up to $75,000,000 aggregate principal amount of its 8.25% Senior Notes due 2031 (together with all Notes issued in substitution or exchange therefor pursuant to Section 13 of this Agreement, the **“Notes”**). Certain capitalized and other terms used in this Agreement are defined in Schedule A and, for purposes of this Agreement, the rules of construction set forth in Section 22.4 shall govern.
Key facts CIK 1000209 CUSIP 583928106 13F (30d) 20 filings 20 filers Visit website Investor relations