Medallion Financial Corp. successfully completed a private placement of $75 million in aggregate principal amount of 8.25% senior unsecured notes. The notes mature on May 1, 2031, with interest payable semi-annually on May 1 and November 1, starting November 1, 2026. The notes received an investment-grade rating of Afrom Egan-Jones Rating Company. Proceeds are earmarked for general corporate purposes and to support the growth of the company's consumer and commercial lending segments. The offering was led by institutional investors, including affiliates of JP Morgan Investment Management Inc.