New Mountain Finance, subsidiary increase revolvers by $75 million

By Angela McDaniels

Tacoma, Wash., Dec. 16 – New Mountain Finance Corp. amended its senior secured revolving credit facility dated June 4, 2014 to increase the total commitments by $50 million to $188.5 million, according to an 8-K filing with the Securities and Exchange Commission.

The increase was made on Dec. 10 through the addition of MUFG Union Bank, NA as a lender. Goldman Sachs Bank USA is the administrative agent.

In addition, New Mountain Finance DB, LLC amended its loan financing and servicing agreement dated Dec. 14, 2018 to increase the maximum facility amount to $280 million from $255 million.

The increase was made on Dec. 12 through the upsizing of Citizens Bank, NA’s commitment.

New Mountain Finance is the equityholder and the servicer for the facility, which continues to have a revolving period ending on Dec. 14, 2021 and will mature on Dec. 14, 2023. Deutsche Bank AG, New York Branch is the facility agent.

New Mountain is a closed-end non-diversified management investment company based in New York.

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