New Mountain Finance Corp. Announces Transfer of Listing from the New York Stock Exchange to the NASDAQ Global Select Market
September 01 2020 - 4:38PM
Business Wire
New Mountain Finance Corporation (NYSE: NMFC) (the "Company",
"we", "us" or "our") today announced that it has completed the
application process and has been authorized to transfer the listing
of its shares of common stock, par value $0.01 per share (the
“Common Stock”), and its 5.75% Notes due 2023 (the “Notes”) from
the New York Stock Exchange (the “NYSE”) to the NASDAQ Global
Selected Market (the “NASDAQ”). The Company expects the Common
Stock and the Notes to begin trading on the NASDAQ under the ticker
symbols “NMFC” and “NMFCL”, respectively, on September 14, 2020.
Until that time, the Common Stock and the Notes will continue to
trade on the NYSE.
“We are excited by our future partnership with Nasdaq. Their
trading platform, on which many other business development
companies are listed, offers NMFC a more cost-effective listing
option and is aligned with our goals to enhance operating
efficiencies and shareholder value” said Robert Hamwee, Director
and Chief Executive Officer.
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. More information about
New Mountain Finance Corporation can be found on the Company’s
website at http://www.newmountainfinance.com.
ABOUT NEW MOUNTAIN CAPITAL
New Mountain Capital is a New York based investment firm focused
on long-term business-building and growth investments. The firm
currently manages private equity, public equity, and credit funds
with over $25 billion in assets under management. New Mountain
seeks out what it believes to be the highest quality growth leaders
in carefully selected industry sectors and then works intensively
with management to build the value of these companies. For more
information on New Mountain Capital, please visit
http://www.newmountaincapital.com.
FORWARD-LOOKING STATEMENTS
Statements included herein may contain “forward-looking
statements”, which relate to our future operations, future
performance or our financial condition. Forward-looking statements
are not guarantees of future performance, condition or results and
involve a number of risks and uncertainties, including the impact
of COVID-19 and related changes in base interest rates and
significant volatility on our business, portfolio companies, our
industry and the global economy. Actual results and outcomes may
differ materially from those anticipated in the forward-looking
statements as a result of a variety of factors, including those
described from time to time in our filings with the Securities and
Exchange Commission or factors that are beyond our control. New
Mountain Finance Corporation undertakes no obligation to publicly
update or revise any forward-looking statements made herein, except
as may be required by law. All forward-looking statements speak
only as of the time of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20200901006067/en/
New Mountain Finance Corporation Investor Relations Shiraz Y.
Kajee, Authorized Representative NMFCIR@newmountaincapital.com
(212) 220-3505
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