debt
confidence high
sentiment neutral
materiality 0.50
New Mountain Finance issues $150M in senior notes across three tranches
New Mountain Finance Corp
- $40M Tranche A at 7.28% due 2028; $35M Tranche B at 7.76% due 2031; $75M Tranche C floating at SOFR+3.66% due 2031.
- Notes are direct unsecured obligations, pari passu with existing unsecured debt, effectively subordinated to secured debt.
- Proceeds to be used for general corporate purposes, including investments and repayment of existing indebtedness.
- Closings may occur between July 7, 2026 and October 1, 2026 with at least 10 business days notice to purchasers.