Sierra Income Corporation Announces Investment Portfolio Update
Diverse and Robust Investment Activity Characterize the First Half of 2017

NEW YORK (September 5, 2017) – Sierra Income Corporation (“Sierra”), a non-traded business development company investing in middle market companies, today announced it invested more than $220 million in the first half of 2017, bringing its total investments to over $1 billion.

“Sierra was highly active in the first half of 2017, providing capital to companies operating in 20 different industries across the U.S.” said Seth Taube, Chairman and Chief Executive Officer of Sierra. “We continue to seek strong opportunities in the middle market, with attractive yields and structures.”

Investment highlights for the first half of 2017 include senior secured first lien term loans made to:

  • A leading provider of electronic health record and health information technology

  • An engineer and manufacturer of high-performance air conditioning products

  • A provider of asset-light transportation management services

  • One of the largest dental practice management companies

  • A provider of car protection products and services to auto dealers

  • A provider of professional landscape maintenance services

As of June 30, 2017, Sierra’s middle market loan portfolio exceeded $1 billion, comprised of 144 holdings, diversified across 27 distinct sectors, of which 84% was senior secured.

 

 

 


About Sierra Income Corporation

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’s 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.

About SIC Advisors LLC

SIC Advisors LLC is an affiliate of Medley Management Inc. (NYSE: MDLY, “Medley”). Medley is an alternative asset management firm offering yield solutions to retail and institutional investors. Medley’s national direct origination franchise, with over 85 people, is a premier provider of capital to the middle market in the U.S.  As of June 30, 2017, Medley has over $5 billion of assets under management in two business development companies, Medley Capital Corporation (NYSE:MCC) and Sierra Income Corporation, a credit interval fund, Sierra Total Return Fund (NASDAQ:SRNTX) and several private investment vehicles. Over the past 15 years, Medley has provided capital to over 380 companies across 35 industries in North America1. For additional information, please visit Medley Management Inc. at www.mdly.com.

Medley LLC, the operating company of Medley Management Inc., has outstanding bonds which trade on the NYSE under the symbol (NYSE: MDLX) and (NYSE:MDLQ).  Medley Capital Corporation (NYSE: MCC) has outstanding bonds which trade on the NYSE under the symbols (NYSE: MCV) and (NYSE: MCX).