New Mountain Finance (NMFC) Prices 5M Share Stock Offering for Proceeds of ~$67.5M
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New Mountain Finance Corporation Announces Pricing of 5,000,000 Shares of Common Stock
October 25, 2016 8:38 AM EDTNEW YORK--(BUSINESS WIRE)-- New Mountain Finance Corporation (the Company) (NYSE: NMFC) announced today that it has priced an underwritten offering of 5,000,000 shares of its common stock at a public offering price of $13.50 per share. The Companys investment adviser, New Mountain Finance Advisers BDC, L.L.C. (the Adviser), has agreed to bear the sales load payable to the underwriters. In addition, the Adviser has agreed to pay the underwriters an additional supplemental payment of $0.25 per share, which reflects the difference between the actual public offering price of $13.50 per share and the net proceeds of... More
New Mountain Finance Corporation Commences Offering of 5,000,000 Shares of Common Stock
October 24, 2016 4:13 PM EDTNEW YORK--(BUSINESS WIRE)-- 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 Companys 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... More