New Mountain Finance Closes Offering of 3.25M Shares

New Mountain Finance Corporation (the “Company”) NMFC announced today that it has completed a public offering of 3,250,000 shares of its common stock at a public offering price of $14.80 per share for total gross proceeds of $48.1 million. In connection with the offering, the Company has granted the underwriters for the offering an option to purchase up to an additional 487,500 shares of common stock. The Company intends to use the net proceeds from this offering to acquire common membership units from New Mountain Finance Holdings, L.L.C, who in turn, intends to use the net proceeds primarily for new investments in portfolio companies in accordance with its investment objective and strategies. New Mountain Finance Holdings, L.L.C. may also use a portion of the net proceeds for other general corporate purposes, including to temporarily repay indebtedness (which will be subject to reborrowing), and other working capital needs.