other material
confidence medium
sentiment neutral
materiality 0.20
New Mountain Finance amends credit facility to replace CDOR with CORRA as benchmark for Canadian loans
New Mountain Finance Corp
- Entered into Amendment No. 2 to its senior secured revolving credit facility on June 5, 2024.
- Replaces Canadian Dollar Offered Rate (CDOR) with Canadian Overnight Repo Rate Average (CORRA) plus a credit spread adjustment.
- No other material terms of the facility were changed; amount, maturity, and lenders remain the same.
- The amendment will be filed as an exhibit to the Q2 2024 10-Q.