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MFIN > SEC Filings for MFIN > Form 8-K on 17-Feb-2017All Recent SEC Filings

Show all filings for MEDALLION FINANCIAL CORP

Form 8-K for MEDALLION FINANCIAL CORP


17-Feb-2017

Entry into a Material Definitive Agreement, Financial Statements and Exh


ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

On February 15, 2017, Taxi Medallion Loan Trust III (the "Trust"), an indirect wholly-owned subsidiary of Medallion Financial Corp. (the "Company"), entered into an amendment (the "Amendment") which amended the Amended and Restated Loan and Security Agreement, dated as of December 12, 2016 (the "Credit Agreement"), by and among the Trust, Autobahn Funding Company LLC and DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main. Under the terms of the Amendment, technical changes were implemented which improved the Trust's flexibility under the credit facility. The Trust is a separate legal and corporate entity with its own creditors. The assets of the Trust are not available to pay obligations of its affiliates or any other party, and the assets of affiliates or any other party are not available to pay obligations of the Trust.

The foregoing description of the Amendment is qualified in its entirety by reference to the Amendment, which is attached as an exhibit hereto and is incorporated herein by reference in its entirety.



ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit No.       Description

10.1              Omnibus Amendment No. 1, dated as of February 15, 2017, by and
                  among Taxi Medallion Loan Trust III, Medallion Funding LLC,
                  Medallion Financial Corp., Medallion Capital, Inc., Freshstart
                  Venture Capital Corp., Autobahn Funding Company LLC, and DZ Bank
                  AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main.


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