Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
New Mountain Finance Corp amended Amendment No. 7 to the Loan Financing and Servicing Agreement and Omnibus Amendment to Transaction Documents with Deutsche Bank AG, New York Branch valued at Amendment to replace LIBOR with Term SOFR, increase Applicable Margin, and revise Accrual Periods an (effective 2023-06-29).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Deutsche Bank AG, New York Branch
- Value
- Amendment to replace LIBOR with Term SOFR, increase Applicable Margin, and revise Accrual Periods an
- Effective
- 2023-06-29
Exact text from the filing
On June 29, 2023, New Mountain Finance Corporation (the "Company") entered into Amendment No. 7 to the Loan Financing and Servicing Agreement and Omnibus Amendment to Transaction Documents (the "Seventh Amendment"), which amended the Loan Financing and Servicing Agreement, dated as of December 14, 2018, as amended by Amendment No. 1 thereto, dated as of March 18, 2019, Amendment No. 2 thereto, dated as of June 28, 2019, Amendment No. 3 thereto, dated as of August 12, 2019, Amendment No. 4 thereto, dated as of November 25, 2019, Amendment No. 5 thereto, dated as of December 12, 2019, and Amendment No. 6 thereto, dated as of March 25, 2021 (together with the exhibits and schedules thereto, the "DB Credit Facility"), by and among the Company, as the equityholder and the servicer, New Mountain Finance DB, L.L.C., as the borrower, Deutsche Bank AG, New York Branch, as the facility agent, U.S. Bank Trust Company, National Association, as the collateral agent, U.S. Bank National Association,
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
New Mountain Finance Corp amended Amendment No. 1 to the Amended and Restated Senior Secured Revolving Credit Agreement with Goldman Sachs Bank, USA valued at Amendment to replace LIBOR with Term SOFR, implement credit spread adjustment, update benchmark tran (effective 2023-06-29).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Goldman Sachs Bank, USA
- Value
- Amendment to replace LIBOR with Term SOFR, implement credit spread adjustment, update benchmark tran
- Effective
- 2023-06-29
Exact text from the filing
On June 29, 2023, the Company entered into Amendment No. 1 to the Amended and Restated Senior Secured Revolving Credit Agreement (the "First Amendment"), which amended the Amended and Restated Senior Secured Revolving Credit Agreement, dated as of June 4, 2021 (together with the exhibits and schedules thereto, the "NMFC Credit Facility"), by and among the Company, as the borrower, Goldman Sachs Bank, USA, as the administrative agent and syndication agent (in such capacity, the "Administrative Agent"), and the lenders party thereto. Unless otherwise indicated, the terms used below have the meanings ascribed in the First Amendment. The First Amendment amended the NMFC Credit Facility to, among other things, (i) replace LIBOR with Term SOFR as the benchmark rate; (ii) implement a credit spread adjustment; (iii) update the procedures for transitions between benchmark rates in the event that Term SOFR does not remain the industry standard for the benchmark rate; and (iv) increase the maximu
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