New Mountain Guardian gets up to $250 million credit facility

By Marisa Wong

Los Angeles, Jan. 31 – New Mountain Guardian IV BDC, LLC entered into an up to $250 million loan and security agreement on Jan. 25 with New Mountain Guardian IV SPV, LLC as borrower, according to an 8-K filing with the Securities and Exchange Commission. New Mountain Guardian IV BDC is collateral manager.

UBS AG London Branch is the administrative agent, U.S. Bank Trust Co., NA is the collateral agent, and U.S. Bank NA is document custodian.

The credit facility will mature on the two-year anniversary of the earlier of either (a) Jan. 25, 2026 or (b) the revolving period termination date.

The facility bears interest at SOFR plus 285 basis points.

The business development company is based in New York.

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