New Mountain Finance Corporation (NYSE:NMFC) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
On June 28, 2019, New Mountain Finance Corporation (the “Company”) entered into Amendment No. 2 to the Loan Financing and Servicing Agreement (the “Second Amendment”), which amended the Loan Financing and Servicing Agreement, dated as of December 14, 2018, as amended by Amendment No. 1 thereto, dated as of March 18, 2019 (together with the exhibits and schedules thereto, the “DB Credit Facility”), by and among the Company, as the equityholder and the servicer, New Mountain Finance DB, L.L.C., as the borrower, Deutsche Bank AG, New York Branch (“DBNY”), as the facility agent, U.S. Bank National Association, as the collateral agent and collateral custodian, and DBNY as agent and lender, and each of the other lenders and agents parties from time to time party thereto.
The Second Amendment, among other things, increased the maximum facility amount and the commitment of DBNY under the DB Credit Facility from $100,000,000 to $150,000,000 and lowered the applicable margin for calculating interest under the DB Credit Facility from 2.85% per annum to 2.60% per annum.
The DB Credit Facility continues to have a revolving period ending on December 14, 2021, and will still mature on December 14, 2023.
The description above is qualified in its entirety by reference to the copy of the Second Amendment, which is filed as Exhibit 10.1 to this current report on Form 8-K and is incorporated herein by reference thereto.
