New Mountain Net Lease Trust: M&A transaction — New Mountain Net Lease Trust finalizes formation, advisory agreement, $50M credit line, and $263M stock sale

New Mountain Net Lease Trust

Completed formation transactions by acquiring Seed Portfolio of nearly 15.5 million sq ft industrial assets with 15.1-year WALT.
Entered $50 million uncommitted revolving credit facility with affiliate NM Partners Manager Holdings, maturing Dec 2027, at Daily SOFR + 2.35%.
Sold 13,151,717.95 common shares for aggregate consideration of approximately $263 million at $20.00 per share in private offering.
Entered advisory agreement with New Mountain Finance Advisers for investment management and decision-making authority.
Adviser determined Seed Portfolio net asset value as of Sep 30, 2024; CBRE Capital Advisors provided fairness opinion.

item 1.01 item 2.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

New Mountain Net Lease Trust completed an acquisition involving New Mountain Net Lease Partners Corporation (Existing REIT) and NM Fund I (closed 2025-01-02).

Action: acquisition
Counterparty: New Mountain Net Lease Partners Corporation (Existing REIT) and NM Fund I
Closing: 2025-01-02

Exact text from the filing

As previously disclosed, on January 2, 2025, the Company completed the acquisition of the Seed Portfolio.

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Source: SEC EDGAR

accession 0001104659-25-002030

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