NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NYSE:NMFC) announced today the pricing of an underwritten public offering of $50.0 million in aggregate principal amount of its 5.75% unsecured notes due 2023. In addition, the Company has granted the underwriters for the offering of the Notes a 30-day option to purchase up to an additional $7.5 million in aggregate principal amount of the Notes. The closing of the offering is subject to customary closing conditions and is expected to take place on September 25, 2018.

The Notes will mature on October 1, 2023 and may be redeemed in whole or in part at any time, or from time to time, at the Company’s option on or after October 1, 2020. Interest on the Notes will be payable quarterly in arrears on January 1, April 1, July 1 and October 1, commencing on January 1, 2019.

The Notes are expected to be listed, and trade, on the New York Stock Exchange under the trading symbol “NMFX” within 30 days from their original issue date.

About New Mountain Finance Corporation

New Mountain Finance Corporation is a closed-end, non-diversified and externally managed investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. The Company’s investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities. The Company’s first lien debt may include traditional first lien senior secured loans or unitranche loans. Unitranche loans combine characteristics of traditional first lien senior secured loans as well as second lien and subordinated loans. Unitranche loans will expose the Company to the risks associated with second lien and subordinated loans to the extent it invests in the “last out” tranche. In some cases, the investments may also include small equity interests. The Company’s investment activities are managed by its Investment Adviser, New Mountain Finance Advisers BDC, L.L.C., which is an investment adviser registered under the Investment Advisers Act of 1940, as amended.