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Stock impact report

New Mountain Finance Corporation Announces Completion of $115 Million of 5.75% Convertible Notes due 2023

New Mountain Finance Corporation (NMFC) 
Last new mountain finance corporation earnings: 2/26 04:35 pm Check Earnings Report
US:NYSE Investor Relations: newmountainfinance.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- New Mountain Finance Corporation (the “Company”) (NYSE:NMFC) announced today that it has completed an offering of $100.0 million in aggregate principal amount of its 5.75% unsecured convertible notes due 2023 (the “Existing Notes”), which closed on August 20, 2018. The underwriter of such offering has exercised its overallotment option in full to purchase an additional $15.0 million in aggregate principal amount of the Company’s 5.75% unsecured convertible notes due 2023 (together with the Existing Notes, the “Notes”). The total net proceeds to the Company from the offering of the Notes, exclusive of offering expenses, is approximately $114.4 million. The Notes are convertible into shares of the Company’s common stock based on an initial conversion rate of 65.8762 shares of the Company’s common stock per $1,000 principal amount of Notes, which is equivalent to an initial conve Show less Read more
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