New Mountain Finance Corporation, a leading business development company, recently announced the pricing of $300 million in aggregate principal amount of 6.200% unsecured notes due 2027. The Notes are expected to mature on October 15, 2027, and may be redeemed in whole or in part at the Company’s discretion at any time prior to the maturity date. The Notes will bear interest at a rate of 6.200% per year, with payments due semi-annually on April 15 and October 15 of each year, starting from April 15, 2025.
The offering is set to close on September 26, 2024, pending the fulfillment of customary closing conditions. Several financial institutions are serving as underwriters for this offering, including SMBC Nikko Securities America, Inc., Deutsche Bank Securities Inc., and Goldman Sachs & Co. LLC, among others.
The net proceeds from this offering will be used by the Company to repay existing indebtedness under its senior secured revolving credit facilities. Investors are advised to carefully consider the investment objectives, risks, charges, and expenses associated with the Company before investing.
New Mountain Finance Corporation is known for its focus on providing direct lending solutions to U.S. middle market companies, supported by top private equity sponsors. The Company’s portfolio mainly consists of senior secured loans and select junior capital positions, offering attractive risk-adjusted returns.
New Mountain Capital, the parent company of New Mountain Finance Corporation, is a New York-based investment firm with a strong emphasis on business building and growth. The firm manages private equity, credit, and net lease investment strategies with approximately $55 billion in assets under management.
In conclusion, the announcement of the pricing of $300 million in unsecured notes due 2027 by New Mountain Finance Corporation signifies a strategic move to strengthen its financial position and support its ongoing initiatives. Investors and stakeholders are encouraged to stay informed about the Company’s progress and future developments in the market.
For more information on New Mountain Finance Corporation and New Mountain Capital, interested parties can visit the official website or contact the Investor Relations department for inquiries.
Contact:
New Mountain Finance Corporation
Investor Relations
Laura C. Holson, Authorized Representative
NMFCIR@newmountaincapital.com
Phone: (212) 220-3505
This press release serves as a forward-looking statement and does not guarantee future events or results. Investors are encouraged to review the risks and uncertainties associated with the Company’s operations as disclosed in public filings with the Securities and Exchange Commission. The Company is committed to providing updates on any material changes that may impact its performance or financial standing.
