Date:
5/10/2016
Source:
Incapital
Incapital acts as Sole Agent on New Mountain Finance Corporation's ("NMFC") recent $50 Million five-year senior unsecured notes offering
Boca Raton and Chicago, May 10, 2016 –
Incapital LLC, an underwriter and distributor of fixed income, equities and
other financial products, today announced that their Capital Markets
team focused on Business Development Companies (“BDC”) acted as Sole Agent on
New Mountain Finance Corporation’s issuance of $50 million five-year senior unsecured
notes.
On May 4,
2016, New Mountain Finance Corporation entered into a Note Purchase Agreement
governing the issuance of $50 million in aggregate principal amount of five-year
senior unsecured notes (the “Notes”) to institutional investors in a private
placement. The issuance of the Notes occurred
on May 6, 2016 and will rank pari-passu with the Company’s other unsecured
indebtedness, including the Company’s convertible notes issued on June 3,
2014. The Notes have a fixed interest
rate of 5.313% and are due on May 15, 2021.
John Kline,
New Mountain Finance Corporation’s Chief Operating Officer, said: “Incapital
provided NMFC with high quality execution on our recent senior unsecured Notes
offering. We are very pleased with the outcome and we look forward to
partnering with Incapital again in the future.”
Chris
O'Connor, Incapital's Managing Director and Head of Capital Markets, said: “We
are pleased to have had the opportunity to work with NMFC and feel we are uniquely
positioned to provide other BDC Issuers the ability and flexibility to raise
unsecured funding using our distribution network to access either retail or
institutional investors or some combination of both.”
About Incapital LLC
Incapital
was founded in 1999 and today is a leading underwriter and distributor of
securities to over 800 broker-dealers, institutions, asset managers, RIAs and
banks. The firm represents over 300 issuing entities and has underwritten $400
billion in securities. The firm is headquartered in Chicago, IL and has a
principal office in Boca Raton, FL.