New Mountain Finance Corporation Commences Offering of 6,000,000 Shares of Common Stock
New York, NY – 7/8/2019– New Mountain Finance Corporation
(the “Company”) (NYSE: NMFC) announced today that it has commenced an
underwritten offering of 6,000,000 shares of its common stock. In
connection with the proposed offering, the Company
intends to grant the underwriters for the offering an option to
purchase up to an additional 900,000 shares of the Company’s common
stock.
The Company intends to use the net proceeds from the offering
primarily for new investments in portfolio companies in accordance with
its investment objective and strategies. The Company may also use a
portion of such net proceeds for other
general corporate purposes, including to temporarily repay
indebtedness (which will be subject to re-borrowing), and other working
capital needs.
The joint-lead
book-running managers for the
offering are Wells Fargo Securities, LLC, Morgan Stanley
& Co. LLC, Goldman Sachs & Co. LLC, Keefe, Bruyette &
Woods, A Stifel Company, UBS Securities LLC and Deutsche Bank Securities Inc. The co-managers for the offering are
Janney Montgomery Scott LLC and Oppenheimer & Co. Inc.