{"id":8757,"date":"2016-09-02T08:12:35","date_gmt":"2016-09-02T12:12:35","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=8757"},"modified":"2016-09-02T08:12:57","modified_gmt":"2016-09-02T12:12:57","slug":"sierra-income-corporation-supports-zs-fund-l-p-s-acquisition-of-amerijet","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/sierra-income-corporation-supports-zs-fund-l-p-s-acquisition-of-amerijet\/","title":{"rendered":"Sierra Income Corporation Supports ZS Fund L.P.\u2019s Acquisition of AmeriJet"},"content":{"rendered":"
August 31, 2016 07:32 PM | Business Wire<\/p>\n
NEW YORK–(BUSINESS WIRE<\/a>)–Sierra Income Corporation<\/a>, a business development <\/a>AmeriJet, headquartered in Ft. Lauderdale, Florida, is a leading provider of air cargo and logistics services to and from the U.S. and the Caribbean, Mexico and Latin America. AmeriJet operates both scheduled and charter services, focusing on shipping time-sensitive, perishable, oversized, hazardous and complex product configurations utilizing its network of 25 domestic offices and over 130 offices worldwide.<\/p>\n \u201cWe are excited to partner with ZS Fund L.P. to help finance their acquisition of AmeriJet,\u201d said Jeff Tonkel, President of Sierra Income Corporation. \u201cThis is a great example of our national direct origination network finding attractive lending opportunities in growing middle market companies.\u201d<\/p>\n \u201cMedley was a great partner throughout the transaction, providing us with certainty of closing and a flexible capital structure that will allow the Company to capitalize on its excellent growth prospects,\u201d said Adam Lehrhoff, Partner of ZS Fund L.P.<\/p>\n About Sierra Income Corporation<\/b><\/p>\n Sierra is a non-traded business development company that invests primarily in first lien senior secured debt, second lien secured debt and, to a lesser extent, subordinated debt of middle market companies in a broad range of industries with annual revenue between $50 million and $1 billion. Sierra\u2019s investment objective is to generate current income, and to a lesser extent, long-term capital appreciation. Sierra is externally managed by SIC Advisors LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended. For additional information, please visit Sierra Income Corporation at www.sierraincomecorp.com<\/a>.<\/p>\n About SIC Advisors LLC<\/b><\/p>\n SIC Advisors LLC is an affiliate of Medley Management Inc. (NYSE: MDLY, \u201cMedley\u201d). Medley is a credit-focused asset management firm offering yield solutions to retail and institutional investors. Medley\u2019s national direct origination franchise, with over 80 people, is a premier provider of capital to the middle market in the U.S. As of January 25, 2016, Medley had in excess of $5 billion of assets under management in two business development companies, Medley Capital Corporation (NYSE: MCC) and Sierra Income Corporation, as well as private investment vehicles. Over the past 13 years, Medley has provided in excess of $6 billion of capital to over 300 companies across 35 industries in North America. For additional information, please visit Medley Management Inc. at www.mdly.com<\/a>.<\/p>\n Forward-Looking Statements<\/b><\/i><\/p>\n This press release contains forward-looking statements within the meaning of the federal securities laws and regulations. These forward-looking statements are identified by their use of terms and phrases such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “should,” “will” and other similar terms and phrases, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. The Company undertakes no obligation to update any forward-looking statement contained herein to conform the statement to actual results or changes in the Company’s expectations.<\/i><\/p>\n<\/div>\n Contacts<\/p>\n Sierra Income Corporation\u00a0Investor Relations Contact: <\/p>\n<\/a>company that makes senior secured investments in U.S. middle market companies, and its affiliate Medley Management Inc. (\u201cMedley\u201d), announced today that it provided a senior secured first lien term loan to facilitate ZS Fund L.P.\u2019s acquisition of AmeriJet Holdings, Inc. (\u201cAmeriJet\u201d).<\/p>\n
\nSam Anderson, 212-759-0777
\nHead of Capital Markets & Risk Management
\nor
\nFitzroy Communications Media Contact:
\nLiz Bruce, 212-498-9197<\/p>\nMore about Sierra from Blue Vault<\/h2>\n