Medallion Financial Corp, a commercial finance company and owner of the largest taxicab rooftop advertising company in the world, announced today that it has signed a new credit facility agreement with Merrill Lynch, which replaces the one-year facility, which came due on 12 September. The facility covers taxicab medallion lending in New York City as well as other cities throughout the US.
Andrew Murstein, president of Medallion Financial stated: "We could not be more pleased with this new transaction. Every aspect of the facility has been improved including the fees, pricing, commitment amount, and term of the facility."
