Sole Bookrunner for New Mountain Finance Corporation
October 2022
Oppenheimer & Co. Inc. acted as Sole Bookrunner for New Mountain Finance Corporation (NASDAQ: NMFC) on its $200 Million Offering of Convertible Notes due 2025
New Mountain Finance Corporation completed an offering of $200 million in aggregate principal amount of 7.50% convertible notes due 2025. The notes will mature on October 15, 2025, unless earlier converted, redeemed or repurchased in accordance with their terms and will accrue interest at an annual rate of 7.50%, payable semi-annually. New Mountain intends to use the net proceeds from the offering to launch a tender offer for their existing 5.75% Convertible Notes due 2023, to repay other outstanding indebtedness and for general corporate purposes.
New Mountain Finance Corporation is a closed-end, non-diversified, and externally managed investment company that is regulated as a Business Development Company (BDC). New Mountain generates current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities.
Financial Institutions Investment Banking
Cliff Booth
Head of Specialty Finance, Managing Director
JD Nelson
Specialty Finance, Managing Director
Convertible Securities Advisory
Robert Missant
Head of ECM Convert Product, Managing Director
Convertible Securities Sales and Trading
Marc Rice
Co-Head Convert Sales & Trading, Managing Director
Matthew Weitz
Co-Head Convert Sales & Trading, Managing Director
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