New Mountain Finance Corporation Commences Offering of 3,750,000 Shares of Common Stock
New York, NY – 2/11/2019– New Mountain Finance Corporation (the “Company”) (NYSE: NMFC) announced today that it has commenced
an underwritten offering of 3,750,000 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 562,500 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. and Keefe, Bruyette & Woods, A Stifel Company. The co-managers are Janney Montgomery Scott LLC and Oppenheimer
& Co. Inc.
Investors are advised to
carefully consider the investment objectives, risks and charges and expenses of the Company before investing. The preliminary prospectus supplement, dated February 11, 2019, and accompanying prospectus, dated July 13, 2018, each of which has
been filed with the Securities and Exchange Commission, contain a description of these matters and other important information about the Company
and should be read carefully before investing.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the
securities in this offering or any other securities, nor shall there be any sale of these securities or any other securities referred to in this press release, in any state in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any state.
A shelf registration statement
relating to these securities is on file with and has been declared effective by the Securities and Exchange Commission. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained,
when available, from Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 375 Park Avenue, New York, NY 10152-4077, or by calling (800) 326-5897, or by email: cmclientsupport@wellsfargo.com; or Morgan Stanley & Co. LLC,
Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, or by calling (866) 471-2526, sending a request via facsimile at (212)
902-9316, or by email: prospectus-ny@ny.email.gs.com.
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. The Company’s first lien debt may include traditional first lien senior secured loans or unitranche loans. Unitranche
loans combine characteristics of traditional first lien senior secured loans as well as second lien and subordinated loans. Unitranche loans will expose the Company to the risks associated with second lien and subordinated loans to the extent it
invests in the “last out” tranche. In some cases, the 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.
Forward-Looking Statements
Statements included herein may constitute “forward-looking statements”, which relate to future events or our future
operations, performance or financial condition. Forward-looking statements include statements regarding our intentions related to the offering discussed in this press release, including the use of proceeds from the offering. These 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. The Company undertakes no obligation to publicly update or revise any forward-looking
statements made herein, unless required to do so by law. All forward-looking statements speak only as of the time of this press release.
SOURCE: New Mountain Finance Corporation
New Mountain Finance Corporation
Shiraz Y. Kajee,
Authorized Representative
NMFCIR@newmountaincapital.com
(212) 220-3505