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New Mountain Finance -2.5% on pricing of common stock

|About: New Mountain Finance (NMFC)|By:, SA News Editor

New Mountain Finance (NYSE:NMFC) has priced an underwritten offering of 6M common shares at $13.68/share.

Underwriters over-allotment is for an additional 0.9M common shares.

Closing date is July 11.

The net proceeds of $13.65/share is in excess of book value and is therefore accretive to shareholders.

Net proceeds will be used for new investments in portfolio companies in accordance with its investment objective and strategies, general corporate purpose.

NMFC --2.5% premarket to $13.63

Source: Press Release

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