News

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.