On December 18, 2014, New Mountain Finance entered into an amendment with Wells Fargo Securities, as the administrative agent, and Wells Fargo Bank, as the lender and collateral custodian.

The new facility combines and replaces the two previously existing credit facilities with Wells Fargo and extends the maturity by over three years to December 18, 2019. The maximum amount of revolving borrowings available under the new holdings facility is still $495 million, and it bears interest at a rate of the LIBOR plus 2.00% per annum for broadly syndicated loans (as defined in the new holdings credit facility) and LIBOR plus 2.75% per annum for all other loans.

New Mountain Finance 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. In some cases, investments may also include small equity interests.

The company’s investment activities are managed by its adviser, New Mountain Finance Advisers BDC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended.