debt
confidence high
sentiment neutral
materiality 0.50
New Mountain Finance issues $300M 6.200% Notes due 2027 to repay credit facilities
New Mountain Finance Corp
- Issued $300M aggregate principal amount of 6.200% Notes due October 15, 2027.
- Interest payable semi-annually on April 15 and October 15, beginning April 15, 2025.
- Notes redeemable at any time at par plus make-whole premium.
- Net proceeds to repay borrowings under credit facilities with Wells Fargo, Goldman Sachs, Morgan Stanley, Stifel, MUFG, and Deutsche Bank.
- Notes are unsecured, rank pari passu with other unsubordinated unsecured debt, effectively subordinated to secured debt.