On December 18, 2014, New Mountain Finance Corporation (the “Company”)
entered into the Second Amended and Restated Loan and Security Agreement
(the “New Holdings Credit Facility”), by and among the Company, as the
collateral manager, New Mountain Finance Holdings, L.L.C., as the
borrower, Wells Fargo Securities, LLC, as the administrative agent, and
Wells Fargo Bank, National Association (“Wells Fargo”), as the lender
and collateral custodian.
The New Holdings Credit Facility combines and replaces the two
previously existing credit facilities with Wells Fargo and extends the
maturity by over three years to December 18, 2019. The maximum amount of
revolving borrowings available under the New Holdings Credit Facility is
still $495,000,000 and it bears interest at a rate of the London
Interbank Offered Rate (“LIBOR”) plus 2.00% per annum for Broadly
Syndicated Loans (as defined in the New Holdings Credit Facility) and
LIBOR plus 2.75% per annum for all other loans.
ABOUT NEW MOUNTAIN FINANCE CORPORATION
New Mountain Finance Corporation is a closed-end, non-diversified and
externally managed investment company that has elected to be regulated
as a business development company under the Investment Company Act of
1940, as amended. The Company’s investment objective is to generate
current income and capital appreciation through the sourcing and
origination of debt securities at all levels of the capital structure,
including first and second lien debt, notes, bonds and mezzanine
securities. In some cases, investments may also include small equity
interests. The Company's investment activities are managed by its
Investment Adviser, New Mountain Finance Advisers BDC, L.L.C., which is
an investment adviser registered under the Investment Advisers Act of
1940, as amended. More information about New Mountain Finance
Corporation can be found on the Company's website at http://www.newmountainfinance.com.
FORWARD-LOOKING STATEMENTS
Statements included herein may contain “forward-looking statements”,
which relate to our future operations, future performance or our
financial condition. Forward-looking statements are not guarantees of
future performance, condition or results and involve a number of risks
and uncertainties. Actual results and outcomes may differ materially
from those anticipated in the forward-looking statements as a result of
a variety of factors, including those described from time to time in our
filings with the Securities and Exchange Commission or factors that are
beyond our control. New Mountain Finance Corporation undertakes no
obligation to publicly update or revise any forward-looking statements
made herein. All forward-looking statements speak only as of the time of
this press release.
Copyright Business Wire 2014