New Mountain Finance Corporation

10/03/2024 | Press release | Distributed by Public on 10/03/2024 15:13

Material Agreement Form 8 K

Item 1.01. Entry into a Material Definitive Agreement.

Amendment to NMFC Credit Facility

New Mountain Finance Corporation (the "Company") previously entered into the Amended and Restated Senior Secured Revolving Credit Agreement, dated as of June 4, 2021 (together with the exhibits and schedules thereto, and as amended from time to the time, the "Revolving Credit Agreement"), by and among the Company, as the borrower, Goldman Sachs Bank, USA, as the administrative agent and syndication agent, and the lenders party thereto.

On September 30, 2024, the Company entered into the Second Amended and Restated Senior Secured Revolving Credit Agreement (the "Second Amended and Restated Revolving Credit Agreement," and the revolving credit facility thereunder the "NMFC Credit Facility"), by and among the Company, Sumitomo Mitsui Banking Corporation, as administrative agent, sole lead arranger, and sole book runner (the "Administrative Agent"), and the lenders party thereto, which amended and restated the Revolving Credit Agreement. Unless otherwise indicated, the terms used below have the meanings ascribed in the Second Amended and Restated Revolving Credit Agreement.

The Second Amended and Restated Revolving Credit Agreement amended the NMFC Credit Facility to, among other things, (i) increase the total commitments to $638,500,000; (ii) extend the maturity to September 2029 (for $527,100,000 of the commitments (the "extended commitments")); and (iii) change the applicable margin to 1.90% for the extended commitments.

The description above is qualified in its entirety by reference to the Second Amended and Restated Revolving Credit Agreement, which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024.