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New Mountain Finance Corporation Prices Public Offering of $115.0 Million 8.250% Notes Due 2028
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 $115.0 million in aggregate principal amount of 8.250% unsecured notes due 2028 (the “Notes”).\n\n\nThe Notes will mature on November 15, 2028, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after November 15, 2025. The Notes will bear interest at a rate of 8.250% per year payable quarterly on February 15, May 15, August 15 and November 15 of each year, beginning February 15, 2024.\n\n\nThe offering is expected to close on November 13, 2023, subject to customary closing conditions. The Notes are expected to be listed on the Nasdaq Global Select Market (“Nasdaq”) and to trade thereon within 30 days of the original issue date under the trading symbol “NMFCZ”.\n\n\nWells Fargo Securities, LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, and UBS Securities LLC are serving as joint book-running managers for this offering. Oppenheimer & Co. Inc. is serving as joint lead manager for the offering. The Company intends to use the net proceeds from this offering to pay down outstanding indebtedness under its senior secured revolving credit facility with Goldman Sachs Bank USA, Morgan Stanley Bank, N.A., Stifel Bank & Trust and MUFG Union Bank, N.A.\n\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 November 6, 2023, and the accompanying prospectus dated May 18, 2023, 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\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 laws of such state or jurisdiction. A registration statement (File No. 333-272060) relating to the Notes was filed and has been declared effective by the SEC.\n\n\n...