secwatch.observer — SEC 8-K summary
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Issuer:     New Mountain Finance Corp (NMFC)
CIK:        0001496099
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001104659-23-078820
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NMFC amends DB and NMFC credit facilities; SOFR replaces LIBOR; borrowing cap raised to $198.5M
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- Amendments replace LIBOR with Term SOFR and apply a credit spread adjustment to both credit facilities.
- DB Credit Facility: accrual periods and distribution dates switch from monthly to quarterly after July 2023.
- NMFC Credit Facility: maximum borrowings increased to $198.5 million (increase previously agreed in Dec 2021).
- Amendments executed on June 29, 2023; full terms to be filed in the Q2 2023 Form 10-Q.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1496099/000110465923078820/0001104659-23-078820-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1496099/000110465923078820/tm2320589d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-078820

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