debt
confidence high
sentiment neutral
materiality 0.50
Star Mountain issues $25M Floating Rate Senior Notes due 2029 at SOFR+3.75%
Star Mountain Lower Middle-Market Capital Corp
- $25M aggregate principal Floating Rate Senior Unsecured Notes due Jan 15, 2029, priced at 99.50% of par.
- Interest at Adjusted SOFR Rate plus 3.75% per annum, payable quarterly starting Oct 15, 2026.
- Additional issuance to existing $25M notes; fungible, rank equally, single series.
- Notes are unsecured, pari passu; covenant requires minimum asset coverage ratio of 1.50x.
- Private placement to qualified institutional investor; purchase price plus accrued interest $114,576.