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New Mountain Finance Corporation Prices Public Offering of $300 Million 6.200% Notes Due 2027
NEW YORK--(BUSINESS WIRE)-- New Mountain Finance Corporation (the “Company,” “we,” “us” or “our”) (Nasdaq: NMFC) today announced that it has priced an
About this update from New Mountain Finance Corporation
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nNew Mountain Finance Corporation (the “Company,” “we,” “us” or “our”) (Nasdaq: NMFC) today announced that it has priced an underwritten public offering of $300 million in aggregate principal amount of 6.200% unsecured notes due 2027 (the “Notes”).\n\nThe Notes will mature on October 15, 2027, and may be redeemed in whole or in part at the Company’s option at any time prior to October 15, 2027, at par plus a “make-whole” premium plus accrued interest. The Notes will bear interest at a rate of 6.200% per year payable semi-annually on April 15 and October 15 of each year, beginning April 15, 2025.\n\nThe offering is expected to close on September 26, 2024, subject to the satisfaction of customary closing conditions.\n\nSMBC Nikko Securities America, Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Wells Fargo Securities, LLC, CIBC World Markets Corp., Citizens JMP Securities, LLC and R. Seelaus & Co., LLC are serving as the joint book-running managers for this offering. Keefe, Bruyette & Woods, A Stifel Company and U.S. Bancorp Investments, Inc. are acting as the joint lead managers for this offering. B. Riley Securities, Inc., First Citizens Capital Securities, LLC and Raymond James & Associates, Inc. are acting as co-managers for this offering. The Company intends to use the net proceeds from this offering to repay existing indebtedness outstanding under the Company’s senior secured revolving credit facilities, namely the Holdings Credit Facility, the NMFC Credit Facility, and the DB Credit Facility.\n\nInvestors are advised to consider carefully the investment objective, risks and charges and expenses of the Company before investing. The preliminary prospectus supplement dated September 23, 2024, and the accompanying prospectus dated June 26, 2024, each of which has been filed with the Securities and Exchange Commission (the “SEC”), contain a description of these matters and other important information about the Company and should be read carefully before investing.\n\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of, the Notes referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities...