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New Mountain Finance unit enters into credit facility agreement

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New Mountain Finance unit enters into credit facility agreement

New Mountain Finance Corp. unit New Mountain Finance DB LLC entered into a secured revolving credit facility with Deutsche Bank AG - New York Branch on Dec. 14.

As of Dec. 14, the facility amount and the commitment of Deutsche Bank is $100 million. Deutsche Bank and New Mountain Finance DB may in the future agree to increase the commitments and the facility amount by up to $200 million, or add additional lenders.

The lenders under the facility will make advances to New Mountain Finance DB during a revolving period that will expire Dec. 14, 2021, provided that the revolving period may be extended with the consent of the lenders and may also terminate early if an event of default or other adverse events, specified in the facility agreement, occur. The maturity date for the facility is Dec. 14, 2023.