secwatch.observer — SEC 8-K summary
======================================

Issuer:     New Mountain Finance Corp (NMFC)
CIK:        0001496099
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001104659-23-056073
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

New Mountain Finance amends two credit facilities, replacing LIBOR with SOFR at spreads of 1.70%-2.20%
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1496099/000110465923056073/0001104659-23-056073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1496099/000110465923056073/tm2314693d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-056073

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer