New Mountain Private Credit Fund: M&A transaction — New Mountain Private Credit Fund completes merger with Guardian III BDC for $7.27/unit; secures $650M credit facility

New Mountain Private Credit Fund

Merger completed Dec 17, 2024; each GIII unit converted to $7.27 in cash.
Entered $650M revolving credit facility with Goldman Sachs; interest at 3-month SOFR + 2.20%, matures Dec 2029.
Facility secured by substantially all portfolio investments; availability period ends Dec 2027.

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 Private Credit Fund completed an acquisition involving New Mountain Guardian III BDC, L.L.C. for $7.27 per unit in cash (closed 2024-12-17).

Action: acquisition
Counterparty: New Mountain Guardian III BDC, L.L.C.
Consideration: $7.27 per unit in cash
Closing: 2024-12-17

Exact text from the filing

at the effective time of the Merger, each outstanding unit of GIII’s limited liability company interests was converted into the right to receive an amount in cash equal to $7.27. The foregoing description of the Merger Agreement is a summary only and is qualified in its entirety by reference to the full text of the Merger Agreement, a copy of which was

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Source: SEC EDGAR

accession 0001628280-24-051944

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