Follow-On Offering

Technology & Services
Follow-On Offering

Summary

Baird served as co-lead manager on this offering

About

New Mountain Finance Corporation (“New Mountain” or the “Company”) (NYSE: NMFC) recently completed a follow-on offering of 6,750,000 shares of common stock at a price of $14.55 per share, generating gross proceeds of approximately $98.2 million. Approximately 4,000,000 shares were sold by a selling shareholder. The Company will not receive any proceeds associated with the sale of shares by the selling shareholder. The Company intends to use the net proceeds that it receives from the offering to acquire common membership units from New Mountain Finance Holdings, L.L.C., its operating company. New Mountain Finance Holdings, L.L.C., in turn, intends to use the net proceeds from the offering for new investments in portfolio companies in accordance with its investment objective and strategies, for 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 small equity interests. New Mountain Finance Corporation is headquartered in New York, New York.

For additional information about this transaction, please contact:

Mark Micklem (202) 303-1815
Paul Egge (202) 303-1816
Gary Placek (414) 765-3611
Technology & Services
Follow-On Offering
Date
June 2013
Company
New Mountain Finance Corporation
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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