Fried, Frank, Harris, Shriver & Jacobson LLP
09/26/2024 | Press release | Distributed by Public on 09/26/2024 17:27
New Mountain Finance BDC Completes $300M Notes Offering
Fried Frank acted as counsel to SMBC Nikko, Deutsche Bank Securities, Goldman Sachs & Co. LLC and Wells Fargo Securities, as representatives of the underwriters, in the offering of $300 million aggregate principal amount of 6.200% notes due 2027 by New Mountain Finance Corporation (NASDAQ: NMFC). New Mountain Finance is a leading business development company focused on providing direct lending solutions to U.S. middle market companies backed by top private equity sponsors. Its portfolio consists primarily of senior secured loans, and select junior capital positions, to growing businesses in defensive industries that offer attractive risk-adjusted returns.
The Fried Frank team was led by corporate partner Joshua Wechsler, and included tax partner Joseph E. Fox, corporate special counsel Martin A. Hewitt and corporate associates Christine Macdonald, Robert J. Adler and Jason Taylor.