--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-23-056073" form_type: "8-K" ticker: "NMFC" cik: "0001496099" company_name: "New Mountain Finance Corp" filed_at: "2023-05-04T23:59:59+00:00" generated_at: "2026-06-15T21:40:21.350076+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.35 calibrated_materiality_score: 0.35 confidence: "high" source: SEC EDGAR --- # New Mountain Finance amends two credit facilities, replacing LIBOR with SOFR at spreads of 1.70%-2.20% ## Summary - Holdings Credit Facility amended; interest rate moves to SOFR + 1.70% for broadly syndicated loans, SOFR + 2.20% for others. - SLP IV Credit Facility amended; now bears interest at SOFR + 1.70% per annum. - Both amendments executed April 28, 2023; involve Wells Fargo Bank as administrative agent. - These replace LIBOR as the term benchmark rate with SOFR. ## SEC filing metadata - accession: 0001104659-23-056073 - form_type: 8-K - ticker: NMFC - cik: 0001496099 - company_name: New Mountain Finance Corp - filed_at: 2023-05-04T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.35 - calibrated_materiality_score: 0.35 - confidence: high - sec_items: 1.01, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1496099/000110465923056073/0001104659-23-056073-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1496099/000110465923056073/tm2314693d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-23-056073 - JSON: https://secwatch.observer/filing/0001104659-23-056073.json - Plain text: https://secwatch.observer/filing/0001104659-23-056073.txt ## Key facts - Debt Financings New Mountain Finance Corp amended credit facility with Wells Fargo Bank at SOFR plus 1.70% per annum. - Instrument: credit facility - Counterparty: Wells Fargo Bank - Rate: SOFR plus 1.70% per annum - Event: amendment source text: On April 28, 2023, the Company entered into the First Amendment to the Loan and Security Agreement (the “ Amendment ”), which amended the Loan and Security Agreement (the “ SLP IV Credit Facility ”) by and among the Company, as the collateral manager, NMFC Senior Loan Program IV LLC, as the borrower, NMFC Senior Loan Program I LLC and NMFC Senior Loan Program II as guarantor subsidiaries, Wells Fargo Bank as the administrative agent, the lenders party thereto, and Wells Fargo Bank, as collateral custodian (the “ Collateral Custodian ”). The Amendment, among other things, replaces LIBOR as the term benchmark rate with SOFR. Pursuant to the Amendment, the SLP IV Credit Facility will now bear interest at a rate of SOFR plus 1.70% per annum. evidence_url: https://www.sec.gov/Archives/edgar/data/1496099/000110465923056073/0001104659-23-056073-index.htm - Material Agreements New Mountain Finance Corp amended First Amendment to the Loan and Security Agreement (SLP IV Credit Facility) with Wells Fargo Bank, National Association valued at Replaces LIBOR with SOFR; interest rate of SOFR plus 1.70% per annum (effective 2023-04-28). - Action: amendment - Agreement: credit facility - Counterparty: Wells Fargo Bank, National Association - Value: Replaces LIBOR with SOFR; interest rate of SOFR plus 1.70% per annum - Effective: 2023-04-28 source text: On April 28, 2023, the Company entered into the First Amendment to the Loan and Security Agreement (the “ Amendment ”), which amended the Loan and Security Agreement (the “ SLP IV Credit Facility ”) by and among the Company, as the collateral manager, NMFC Senior Loan Program IV LLC, as the borrower, NMFC Senior Loan Program I LLC and NMFC Senior Loan Program II as guarantor subsidiaries, Wells Fargo Bank as the administrative agent, the lenders party thereto, and Wells Fargo Bank, as collateral custodian (the “ Collateral Custodian ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1496099/000110465923056073/0001104659-23-056073-index.htm - Material Agreements New Mountain Finance Corp amended Seventh Amendment to the Loan and Security Agreement with Wells Fargo Bank, National Association valued at Replaces LIBOR with SOFR; interest rate of SOFR plus 1.70% per annum for Broadly Syndicated Loans an (effective 2023-04-28). - Action: amendment - Agreement: credit facility - Counterparty: Wells Fargo Bank, National Association - Value: Replaces LIBOR with SOFR; interest rate of SOFR plus 1.70% per annum for Broadly Syndicated Loans an - Effective: 2023-04-28 source text: On April 28, 2023, New Mountain Finance Corporation (the “ Company ”) entered into the Seventh Amendment to the Loan and Security Agreement (the “ Seventh Amendment ”), which amended the Third Amended and Restated Loan and Security Agreement, dated as of October 24, 2017 (the “ Loan and Security Agreement ”), as previously amended by the First Amendment thereto, dated as of March 30, 2018 and effective as of April 1, 2018, the Second Amendment thereto, dated as of November 19, 2018, the Third Amendment thereto, dated as of May 7, 2019, the Fourth Amendment thereto, dated as of September 30, 2020, the Fifth Amendment thereto, dated as of April 20, 2021, and the Sixth Amendment thereto, dated as of December 16, 2021 (the “ Holdings Credit Facility ”), by and among the Company, as the collateral manager, New Mountain Finance Holdings, L.L.C., as the borrower, Wells Fargo Bank, National Association (“ Wells Fargo Bank ”), as the administrative agent, the lenders party thereto, and Wells Fa evidence_url: https://www.sec.gov/Archives/edgar/data/1496099/000110465923056073/0001104659-23-056073-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.