NYSE to Suspend Trading Immediately in Medley Management Inc. (MDLY) and Medley LLC (MDLQ and MDLX) and Commence Delisting Proceedings
07/07/2021 | 05:16pm EDT
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The New York Stock Exchange (“NYSE,” the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the issuers listed below (“Issuers”) from the Exchange. Trading in the Issuers’ securities was suspended on July 7, 2021.
Issuer
Medley LLC (“LLC”)
7.25% Notes due 2024
NYSE Regulation reached its decision that the Issuers are no longer suitable for listing pursuant to Listed Company Manual Section 802.01D in light of the uncertainty as to the ultimate effect of the LLC’s bankruptcy reorganization process on the value of the securities of both MDLY and the LLC. The LLC had filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delawa
NYSE to Suspend Trading Immediately in Medley Management Inc (MDLY) and Medley LLC (MDLQ and MDLX) and Commence Delisting Proceedings morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
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