New Mountain to repay credit facility debt via new convertibles

By Marisa Wong

Morgantown, W.Va., Aug. 15 – New Mountain Finance Corp. said it plans to repay outstanding debt under its credit facilities using proceeds from an offering of convertible notes.

The company announced on Wednesday that it plans to issue $100 million of convertible notes due 2023. The deal includes a $15 million greenshoe.

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

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