New MountainFinance Corp. entered into a note purchase agreement governing theissuance of $50.0 million in aggregate principal amount of five-year seniorunsecured notes to an institutional investor in a private placement.
The notes have a fixed interest rate of 5.313% and are dueMay 15, 2021. The notes issuance is expected on May 6, according to a May 4news release.
The notes will rank pari-passu with New Mountain Finance's otherunsecured debt, including the company's convertible notes issued June 3, 2014.
The company also amended its to increase the maximumcapacity to $122.5 million from $110.0 million.