NMFC amends ATM equity distribution agreement to new shelf; ~$196.9M still available

New Mountain Finance Corp

Amendment migrates ATM program from old shelf (333-238554) to new shelf (333-272060) dated May 18, 2023.
Up to $250 million aggregate of common stock may be sold through sales agents B. Riley and Raymond James.
As of May 15, 2023, approximately $196.9 million remained available under the ATM program.
Amendment effective immediately; no other changes to the existing equity distribution agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

New Mountain Finance Corp amended Equity Distribution Agreement with B. Riley Securities, Inc. and Raymond James & Associates, Inc. valued at up to $250.0 million in aggregate amount of Shares (effective 2023-05-18).

Action: amendment
Agreement: atm program
Counterparty: B. Riley Securities, Inc. and Raymond James & Associates, Inc.
Value: up to $250.0 million in aggregate amount of Shares
Effective: 2023-05-18

Exact text from the filing

On May 18, 2023, in connection with the effectiveness of the Company’s shelf registration statement on Form N-2 (File No. 333-272060) (the “Registration Statement”), the Company entered into an amendment (the “Amendment”) to the equity distribution agreement, dated November 3, 2021 (the “Equity Distribution Agreement”) with B. Riley Securities, Inc. (“B. Riley”) and Raymond James & Associates, Inc. (“Raymond James” and, together with B. Riley, the “Sales Agents”).

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New Mountain Finance Corp filing history →

Source: SEC EDGAR

accession 0001628280-23-018937

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