Item 1.01. Entry into a Material Definitive Agreement.
On
Pursuant to the Fourth Amendment, the Revolving Period under the Holdings Credit
Facility was extended from
Pursuant to the Fourth Amendment, the Holdings Credit Facility bears interest at a rate of LIBOR plus 2.0% per annum for Broadly Syndicated Loans (as defined in the Fourth Amendment) and LIBOR plus 2.5% per annum for all other investments. The Holdings Credit Facility now also charges a non-usage fee of 0.50% for the first 40.0% of the facility amount and 2.0% thereafter. Further, a 1% fee was added that would be charged if the commitments under the Holdings Credit Facility are reduced by the Borrower within the next 12 months, subject to certain exceptions.
The lender group under the Holdings Credit Facility, which includes
The description above is qualified in its entirety by reference to the copy of the Fourth Amendment, which is filed as Exhibit 10.1 to this current report on Form 8-K and is incorporated herein by reference thereto.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The disclosure set forth above under Item 1.01 is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(a) Not applicable. (b) Not applicable. (c) Not applicable. (d) Exhibits. Exhibit No. 10.1 Form of Fourth Amendment to Loan and Security Agreement, dated as ofSeptember 30, 2020 , by and amongNew Mountain Finance Corporation , as the collateral manager,New Mountain Finance Holdings, L.L.C. , as the borrower,Wells Fargo Bank, National Association , as the administrative agent, the lenders party thereto andWells Fargo Bank, National Association , as the collateral custodian.
© Edgar Online, source