New Mountain Guardian III increases Wells Fargo’s revolver commitment

By Angela McDaniels

Tacoma, Wash., Dec. 2 – New Mountain Guardian III SPV, LLC entered into a joinder supplement on Nov. 26 to increase Wells Fargo Bank, NA’s commitment under its secured revolving credit facility to $50 million, according to an 8-K filing with the Securities and Exchange Commission.

After giving effect to the joinder, the aggregate commitments of the lenders equals $200 million.

The Aug. 30, 2024 maturity date is unchanged.

Wells Fargo Bank is also the administrative agent.

The borrower is a subsidiary of New York’s New Mountain Guardian III BDC, LLC, which invests in speculative-grade debt.

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