Bookrunners Goldman Sachs, Morgan Stanley, Wells Fargo are assisting
By Devika Patel
Knoxville, Tenn., Sept. 25 - New Mountain Finance Corp. said it priced a $60 million secondary sale of stock. The deal was announced Monday and has a $9 million greenshoe.
The selling stockholder, New Mountain Finance AIV Holdings Corp., will sell 4 million common shares. The price per share of $15.00 is a 2.47% discount to $15.38, the Sept. 24 closing share price.
Goldman Sachs & Co., Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC are the joint lead bookrunners.
Settlement is expected Sept. 28.
The company will not receive any proceeds from the secondary sale.
New Mountain is a New York investment company.
| Issuer: | New Mountain Finance Corp.
|
| Issue: | Common stock
|
| Amount: | $60 million
|
| Greenshoe: | $9 million
|
| Shares: | 4 million
|
| Price: | $15.00
|
| Warrants: | No
|
| Bookrunners: | Goldman Sachs & Co., Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC
|
| Announcement date: | Sept. 24
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 28
|
| Stock symbol: | NYSE: NMFC
|
| Stock price: | $15.38 at close Sept. 24
|
| Market capitalization: | $157.99 million
|
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