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EX-10.1 - EX-10.1 - New Mountain Finance Corpa14-15109_1ex10d1.htm
EX-10.2 - EX-10.2 - New Mountain Finance Corpa14-15109_1ex10d2.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 8-K

 


 

CURRENT REPORT

Pursuant to section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of Earliest Event Reported): June 10, 2014 (June 4, 2014)

 


 

New Mountain Finance Corporation

(Exact name of registrant as specified in its charter)

 


 

Delaware

 

814-00832

 

27-2978010

(State or other jurisdiction of

incorporation or organization)

 

(Commission

File Number)

 

(IRS Employer

Identification Number)

 

787 7th Avenue, 48th Floor, New York, NY 10019

(Address of principal executive offices)

 

Registrant’s telephone number, including area code (212) 720-0300

 


 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 1.01.           Entry into a Material Definitive Agreement.

 

On June 4, 2014, New Mountain Finance Corporation (the “Company”) entered into a $50 million senior secured revolving credit facility maturing on June 4, 2019 provided by Goldman Sachs Bank USA (the “Goldman Facility”) and a related guarantee and security agreement.  The Goldman Facility is guaranteed by certain domestic subsidiaries of the Company and proceeds of the Goldman Facility may be used for general corporate purposes, including the funding of portfolio investments.  Amounts drawn under the Goldman Facility will generally bear interest at either LIBOR plus 2.50% or the prime rate plus 1.50%.  The Goldman Facility includes customary covenants, including certain financial covenants related to asset coverage and liquidity and other maintenance covenants, as well as customary events of default.

 

The description above is only a summary of the material provisions of the Goldman Facility and the related Guarantee and Security Agreement and both are qualified in their entirety by reference to the copy of the Form of Senior Secured Revolving Credit Agreement which is filed as Exhibit 10.1 and the Form of Guarantee and Security Agreement which is filed as Exhibit 10.2, to this current report on Form 8-K and are incorporated herein by reference thereto.

 

Item 2.03                                           Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

The disclosure set forth above under Item 1.01 is incorporated by reference herein.

 

Item 9.01              Financial Statements and Exhibits

 

(a)         Not applicable.

(b)         Not applicable.

(c)          Not applicable.

(d)         Exhibits.

 

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Exhibit No.

 

 

 

 

 

10.1

 

Form of Senior Secured Revolving Credit Agreement dated June 4, 2014, by and among New Mountain Finance Corporation, as Borrower, and Goldman Sachs Bank USA, as Administrative Agent and Syndication Agent.

 

 

 

10.2

 

Form of Guarantee and Security Agreement dated June 4, 2014, among New Mountain Finance Corporation, as Borrower, and Goldman Sachs Bank USA, as Administrative Agent.

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

NEW MOUNTAIN FINANCE CORPORATION

 

 

 

 

Date: June 10, 2014

By:

/s/ Paula A. Bosco

 

 

Name:

Paula A. Bosco

 

 

Title:

Secretary

 

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