New Mountain Finance Corp (NMFC): debt financing — New Mountain Finance Corp issues $115M 8.250% Notes due 2028

New Mountain Finance Corp

Issued $115M aggregate principal of 8.250% Notes due November 15, 2028.
Interest payable quarterly on Feb 15, May 15, Aug 15, Nov 15 starting Feb 15, 2024.
Net proceeds to repay outstanding borrowings under senior secured revolving credit facility.
Notes are unsecured and rank pari passu with existing and future unsubordinated unsecured debt.
Company may redeem notes on or after November 15, 2025 at 100% of principal plus accrued interest.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

New Mountain Finance Corp incurred senior notes of $115,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 8.250% per year maturing November 15, 2028.

Instrument: senior notes
Principal: $115,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 8.250% per year
Maturity: November 15, 2028
Event: incurrence

Exact text from the filing

On November 13, 2023, the Company and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association) (the “Trustee”) entered into a Fourth Supplemental Indenture (the “Fourth Supplemental Indenture”) to the indenture, dated August 20, 2018, between the Company and the Trustee (the “Base Indenture”; and together with the Fourth Supplemental Indenture, the “Indenture”). The Fourth Supplemental Indenture relates to the Company’s issuance and sale of $115,000,000 aggregate principal amount of the Company’s 8.250% Notes due 2028 (the “Notes” and the issuance and sale of the Notes, the “Offering”).

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Source: SEC EDGAR

accession 0001628280-23-038649

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