New Mountain Finance (NMFC) Announces 5M Share Common Stock Offering

October 24, 2016 4:13 PM EDT

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New Mountain Finance Corporation (the “Company”) (NYSE: NMFC) announced today that it has commenced an underwritten offering of 5,000,000 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 750,000 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, Goldman, Sachs & Co., Morgan Stanley & Co. LLC and Keefe, Bruyette & Woods, A Stifel Company. The lead manager for the offering is Robert W. Baird & Co. Incorporated. 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 October 24, 2016, and accompanying prospectus, dated October 7, 2016, 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.



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