Sierra Income Corporation Supports ZS Fund L.P.’s Acquisition of AmeriJet
Sierra Income Corporation, a business development company that makes senior secured investments in U.S. middle market companies,
and its affiliate Medley Management Inc. (“Medley”), announced today that it provided a senior secured first lien term loan to
facilitate ZS Fund L.P.’s acquisition of AmeriJet Holdings, Inc. (“AmeriJet”).
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.
“We are excited to partner with ZS Fund L.P. to help finance their acquisition of AmeriJet,” said Jeff Tonkel, President of
Sierra Income Corporation. “This is a great example of our national direct origination network finding attractive lending
opportunities in growing middle market companies.”
“Medley 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,” said Adam Lehrhoff, Partner of ZS Fund L.P.
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 a credit-focused asset management
firm offering yield solutions to retail and institutional investors. Medley’s 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.
Forward-Looking Statements
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.
Sierra Income Corporation
Investor Relations Contact:
Sam Anderson, 212-759-0777
Head of Capital Markets & Risk Management
or
Fitzroy Communications
Media Contact:
Liz Bruce, 212-498-9197
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