---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-114035"
form_type: "8-K"
ticker: "NMFC"
cik: "0001496099"
company_name: "New Mountain Finance Corp"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T13:29:36.033932+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NMFC completes $200M offering of 7.50% convertible notes due 2025

## Summary
- $200M aggregate principal of 7.50% convertible notes due October 15, 2025; initial conversion price ~$14.20 per share.
- Conversion price represents a 14.7% premium over the $12.38 closing price on Oct 27, 2022.
- Net proceeds to launch tender offer for existing 5.75% convertible notes due 2023 and repay other debt.
- Notes rank pari passu with existing unsecured unsubordinated debt; interest payable semi-annually starting April 2023.
- Oppenheimer & Co. acted as placement agent; notes sold in private placement.

## SEC filing metadata
- accession: 0001104659-22-114035
- form_type: 8-K
- ticker: NMFC
- cik: 0001496099
- company_name: New Mountain Finance Corp
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1496099/000110465922114035/0001104659-22-114035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1496099/000110465922114035/tm2229546d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-114035
- JSON: https://secwatch.observer/filing/0001104659-22-114035.json
- Plain text: https://secwatch.observer/filing/0001104659-22-114035.txt

## Key facts
- Debt Financings
  New Mountain Finance Corp incurred convertible notes of $200 million at 7.50% maturing October 15, 2025.
  - Instrument: convertible notes
  - Principal: $200 million
  - Rate: 7.50%
  - Maturity: October 15, 2025
  - Event: incurrence
  source text: On November 2, 2022, New Mountain Finance Corporation (the “Company”) completed its previously announced offering of $200 million aggregate principal amount of its 7.50% convertible notes due 2025 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1496099/000110465922114035/0001104659-22-114035-index.htm
- Material Agreements
  New Mountain Finance Corp amended Supplemental Indenture with U.S. Bank Trust Company, National Association (effective 2022-11-02).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Effective: 2022-11-02
  source text: as supplemented by a third supplemental indenture dated as of November 2, 2022 (the “Supplemental Indenture” and together with the Base Indenture, the “Indenture”), between the Company and U.S. Bank Trust Company, National Association
  evidence_url: https://www.sec.gov/Archives/edgar/data/1496099/000110465922114035/0001104659-22-114035-index.htm
- Material Agreements
  New Mountain Finance Corp entered into Purchase Agreement with the several purchasers valued at $200 million (effective 2022-11-02).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: the several purchasers
  - Value: $200 million
  - Effective: 2022-11-02
  source text: On November 2, 2022, New Mountain Finance Corporation (the “Company”) completed its previously announced offering of $200 million aggregate principal amount of its 7.50% convertible notes due 2025 (the “Notes”). The offering was consummated pursuant to the terms of a private placement purchase agreement (the “Purchase Agreement”) with the several purchasers
  evidence_url: https://www.sec.gov/Archives/edgar/data/1496099/000110465922114035/0001104659-22-114035-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.