New Mountain to price $35 million add-on to 5% convertibles due 2019

By Rebecca Melvin

New York, Sept. 26 – New Mountain Finance Corp. plans to price $35 million of 5% convertible senior notes as an add-on to form a single series with its $115 million in aggregate principal amount of 5% unsecured convertible notes due 2019 that the company issued on June 3, 2014, according to a news release.

The registered deal has a $5.25 million greenshoe and was being sold via joint bookrunners Wells Fargo Securities, LLC, Goldman Sachs & Co. and Morgan Stanley & Co. LLC.

Proceeds of the notes, which mature June 15, 2019, will be used to repay outstanding debt under its credit facilities and for other general corporate purposes, including working capital purposes.

New Mountain is a New York-based investment company.

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