New Mountain Finance Launches Primary And Secondary Stock Offerings

(RTTNews) - New Mountain Finance Corp. (NMFC) said Thursday that it has commenced an underwritten primary offering of 3 million shares of its common stock and a concurrent underwritten secondary offering of 3 million shares of its common stock on behalf of a selling stockholder, New Mountain Finance AIV Holdings Corp.

In connection with the proposed offering, AIV Holdings plans to grant the underwriters for the offering an option to purchase up to an additional 900,000 shares of the Company's common stock.

New Mountain Finance will not receive any proceeds from the sale of shares of its common stock sold by AIV Holdings.

New Mountain Finance plans to use the net proceeds from the primary offering of 3 million shares of its common stock to acquire common membership units from New Mountain Finance Holdings, L.L.C, which in turn, plans 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 such net proceeds for other general corporate purposes, including to temporarily repay indebtedness, and other working capital needs.