New Mountain Finance Corporation Completes $125M Equity Offering

New Mountain Finance Corporation Completes $125M Equity Offering

  

Fried Frank acted as counsel to Wells Fargo Securities, Morgan Stanley, BofA Securities, and Goldman Sachs, as representatives of the underwriters, in New Mountain Finance Corporation's follow-on equity offering of 9,200,000 shares of common stock for gross proceeds of US$125 million, which includes the exercise by the underwriters of their full overallotment option. New Mountain Finance Corporation is a closed-end, non-diversified management investment company that has elected to be treated as a business development company. It has an investment objective 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 Fried Frank team was led by corporate partner Joshua Wechsler and included tax partner Joseph E. Fox, corporate special counsel Martin A. Hewitt and Dave N. Rao, and corporate associate Carole J. Rosenberg.

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