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New Mountain Finance Corporation Announces Appointment of Directors
NEW YORK--(BUSINESS WIRE)-- New Mountain Finance Corporation (NYSE: NMFC) (the "Company", “NMFC,” "we", "us" or "our") announced today that its board of
About this update from New Mountain Finance Corporation
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nNew Mountain Finance Corporation (NYSE: NMFC) (the \"Company\", “NMFC,” \"we\", \"us\" or \"our\") announced today that its board of directors has appointed Alice W. Handy and John R. Kline as directors.\n\n\n“On behalf of the Board, we welcome both Alice and John to the board. Alice brings 48 years of investment experience, as leader of the University of Virginia endowment, state treasurer of Virginia and founder of Investure. John came to New Mountain in 2008 at the inception of the credit effort and has been fundamental to its growth and success. We are proud to have both on the board now”, said Steve Klinsky, Chairman of the board of NMFC and Founder and CEO of New Mountain Capital.\n\n\n“On behalf of the entire NMFC team, I would like to congratulate both Alice and John on their appointments,” said Adam Weinstein, Executive Vice President and board member of NMFC. “We believe both individuals add to the depth and talent of the board of directors.”\n\n\nABOUT NEW MOUNTAIN FINANCE CORPORATION\nNew Mountain Finance Corporation is a closed-end, non-diversified and externally managed investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. The Company’s investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities. The Company’s first lien debt may include traditional first lien senior secured loans or unitranche loans. Unitranche loans combine characteristics of traditional first lien senior secured loans as well as second lien and subordinated loans. Unitranche loans will expose the Company to the risks associated with second lien and subordinated loans to the extent it invests in the “last out” tranche. In some cases, the investments may also include small equity interests. The Company’s investment activities are managed by its Investment Adviser, New Mountain Finance Advisers BDC, L.L.C., which is an investment adviser registered under the Investment Advisers Act of 1940, as amended. More information about New Mountain Finance Corporation can be found on the Company’s website at http://www.newmountainfinance.com.\n\n\nABOUT NEW MOU...