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New Mountain Finance Corporation closes on private placement.

NEW YORK: New Mountain Finance Corporation closed on a private placement of $90 million in aggregate principal amount of 4.87% Series 2018A Senior Notes due January 30, 2023 by entering into a second supplement to its Amended and Restated Note Purchase Agreement dated September 30, 2016.

It intends to use the net proceeds of the Notes to temporarily repay indebtedness (which will be subject to re-borrowing) and to make new investments in portfolio companies in accordance with its investment objective and strategies.

Except as set forth in the Supplement, the Notes have the same terms as the $90 million in aggregate principal amount of the 5.313% Senior Notes due May 15, 2021 and the $55 million in aggregate principal amount of the 4.76% Series 2017A Senior Notes due July 15, 2022 (collectively, the "Prior Notes") that the Company previously issued pursuant to the Note Purchase Agreement and the first supplement thereto, respectively. Goldman, Sachs & Co. acted as exclusive placement agent for the Company in connection with the Notes offering.

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Date:Feb 16, 2018
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