New Mountain Guardian III BDC, L.L.C.: M&A transaction — New Mountain Guardian III BDC completes merger into NEWCRED; holders receive $7.27 cash per unit

New Mountain Guardian III BDC, L.L.C.

Merger with New Mountain Private Credit Fund (NEWCRED) effective December 17, 2024.
Each outstanding limited liability company interest converted into $7.27 in cash.
All named officers and directors of the Company ceased their roles upon merger effective time.
Investment advisory agreement between the Company and NMFA terminated at merger effective time.

item 1.02 item 2.01 item 3.03 item 5.01 item 5.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

New Mountain Guardian III BDC, L.L.C. underwent a change of control involving NEWCRED for $7.27 per unit (closed 2024-12-17).

Action: change of control
Counterparty: NEWCRED
Consideration: $7.27 per unit
Closing: 2024-12-17

Exact text from the filing

On December 17, 2024, the Company completed its previously announced merger (the “Merger”) with and into NEWCRED, with NEWCRED continuing as the surviving company in the Merger. In accordance with the terms of the Merger Agreement, at the effective time of the Merger, each outstanding unit of the Company’s limited liability company interests was converted into the right to receive an amount in cash equal to $7.27.

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Source: SEC EDGAR

accession 0001628280-24-051942

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