New Mountain credit facilities increased to $800 million, $720 million

By Wendy Van Sickle

Columbus, Ohio, May 9 – New Mountain Finance Corp. entered into a third amendment on Tuesday to its loan and security agreement dated March 30, 2018 with Wells Fargo Bank, NA to increase the maximum facility amount to $800 million to $695 million, according to an 8-K filing with the Securities and Exchange Commission.

Additionally, a second amendment, effective April 1, was entered to the New Mountain Finance Holdings, LLC credit agreement to increase commitments to $720 million and add Fifth Third Bank.

The New Mountain Finance Holdings credit facility continues to have a revolving period ending on Oct.24, 2020 and will still mature on Oct. 24, 2022.

New Mountain is a closed-end non-diversified and externally managed investment company based in New York.

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