PhenixFIN Corp Closes $125M Notes Offering

TL;DR

PhenixFIN Corp just closed a $125M debt offering for its 5.25% notes due 2028.

AI Summary

On April 10, 2024, PhenixFIN Corporation (formerly Medley Capital Corp) filed an 8-K report detailing a significant event. The company announced the closing of its previously disclosed offering of $125 million aggregate principal amount of its 5.25% notes due 2028. This offering was completed on April 10, 2024, and the net proceeds are intended for general corporate purposes.

Why It Matters

This filing indicates PhenixFIN Corp has successfully raised substantial capital, which could be used for expansion, debt repayment, or other strategic initiatives, impacting its financial flexibility and future operations.

Risk Assessment

Risk Level: medium — Issuing debt increases financial leverage and interest expense, which can heighten risk if the company's performance falters.

Key Numbers

• $125.0M — Notes Offering (Aggregate principal amount of 5.25% notes due 2028 successfully closed.)
• 5.25% — Interest Rate (Coupon rate on the notes due 2028.)
• 2028 — Maturity Date (Year the notes are due.)

Key Players & Entities

• PhenixFIN Corporation (company) — Registrant
• Medley Capital Corp (company) — Former Name
• $125 million (dollar_amount) — Aggregate principal amount of notes offered
• 5.25% notes due 2028 (dollar_amount) — Specific debt instrument
• April 10, 2024 (date) — Closing date of the notes offering

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share PFX The NASDAQ Global Mar

Filing Documents

• ef20026965_8k.htm (8-K) — 37KB
• 0001140361-24-019863.txt ( ) — 209KB
• pfx-20240410.xsd (EX-101.SCH) — 4KB
• pfx-20240410_def.xml (EX-101.DEF) — 17KB
• pfx-20240410_lab.xml (EX-101.LAB) — 26KB
• pfx-20240410_pre.xml (EX-101.PRE) — 19KB
• ef20026965_8k_htm.xml (XML) — 6KB

07

Item 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. On April 10, 2024, PhenixFIN Corporation (the "Company") held its Annual Meeting of Stockholders (the "Annual Meeting"). During this meeting, the Company's stockholders were asked to consider and vote upon three proposals: (1) to elect two directors of the Company, to serve for a term of three years, or until their successors are duly elected and qualified; (2) to ratify the selection of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2024; and (3) to provide an advisory vote on executive compensation. Stockholders of record at the close of business on February 15, 2024 were entitled to vote at the Annual Meeting. As of February 15, 2024, there were 2,060,490 shares of common stock outstanding and entitled to vote. A quorum consisting of 1,534,789 shares of common stock of the Company were present or represented by proxy at the Annual Meeting. The final voting results for each of the proposals submitted to a vote of stockholders at the Annual Meeting are set forth below. Proposals 1, 2, and 3 were approved by the requisite vote. Proposal 1: Election of directors. Nominee For Withheld David A. Lorber 930,120 68,396 Howard M. Amster 925,681 72,835 Broker Non-Votes: 536,273 Proposal 2: Ratification of the selection of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2024. For Against Abstain 1,397,645 132,594 4,550 Broker Non-Votes: 0 Proposal 3: Advisory vote on executive compensation. For Against Abstain 937,557 54,556 6,403 Broker Non-Votes: 536,273 -2- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, PhenixFIN Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DATE: April 15, 2024 PHENIXFIN CORPORATION /s/ David Lorber Name: David Lorb

View Full Filing

View this 8-K filing on SEC EDGAR