Follow-On Offering

Technology & Services
Follow-On Offering

Summary

Baird served as a co-manager in this offering

About

New Mountain Finance Corporation (NYSE: NMFC) (“New Mountain” or the “Company”) recently completed a follow-on offering of 5,250,000 shares of its common stock at a price of $14.35 per share, generating gross proceeds of approximately $75.3 million. The Company intends to use the net proceeds from this offering to acquire common membership units from New Mountain Finance Holdings, L.L.C. New Mountain Finance Holdings, L.L.C., in turn, intends to use the remaining net proceeds for new investments in portfolio companies in accordance with its investment objective and strategies, the temporary repayment of indebtedness (which will be subject to reborrowing), to pay the Company’s operating expenses and distributions to its members and for general corporate purposes.

New Mountain Finance Corporation is a closed-end, non-diversified and externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. New Mountain Finance Holdings, L.L.C.’s investment objective is to generate current income and capital appreciation through investments in 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 include equity interests.

For additional information about this transaction, please contact:

Mark Micklem (703) 821-5787
Paul Egge (703) 918-7816
Gary Placek (414) 765-3611
David Wierman (404) 264-2211
Technology & Services
Follow-On Offering
Date
July 2012
Company
New Mountain Finance Corporation
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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