Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

New Mountain Finance Prices Offering Of 6.00 Mln Shares At $14.34/shr

RELATED NEWS
Trade NMFC now with 

New Mountain Finance Corp.(NMFC: Quote) announced Friday that it has priced an underwritten primary offering of 3.00 million shares of its common stock and a concurrent underwritten secondary offering of 3.00 million shares of its common stock on behalf of a selling stockholder, New Mountain Finance AIV Holdings Corporation at a public offering price of $14.34 per share.

The closing of the offering is subject to customary closing conditions and is expected to take place on October 17, 2013.

In connection with the offering, AIV Holdings has granted the underwriters for the offering an option to purchase up to an additional 900,000 shares of the Company's common stock.

The company said that it will not receive any proceeds from the sale of shares of the Company's common stock sold by AIV Holdings.

The company noted that it intends to use the net proceeds from the primary offering of 3.00 million shares of its common stock to acquire common membership units from New Mountain Finance Holdings L.L.C., which in turn, intends to use the net proceeds primarily for new investments in portfolio companies in accordance with its investment objective and strategies.

New Mountain Finance Holdings, L.L.C. may also use a portion of such net proceeds for other general corporate purposes, including to temporarily repay indebtedness (which will be subject to reborrowing), and other working capital needs.

Register
To receive FREE breaking news email alerts for New Mountain Finance Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
After moving modestly higher in morning trading, stocks showed a substantial move to the downside over the course of the trading day on Wednesday. The major averages pulled back well off their highs for the session, sliding firmly into negative territory. Ebola "czar" Ron Kain is scheduled to meet with President Barack Obama on Wednesday as he begins his efforts to coordinate the government's response to the deadly disease. Klain, who previously served as chief of staff to Vice President Joe Biden and then-Vice President Al Gore, was named as Ebola Response Coordinator last Friday. Potentially complicating the outlook for control of the Senate, the results of a SurveyUSA poll conducted for WXIA-TV in Atlanta suggest that the Georgia Senate race between Republican David Perdue and Democrat Michelle Nunn could be headed for a runoff.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.