New Mountain Finance (NMFC) has released an update to notify the public and investors about an entry into a material definitive agreement.
New Mountain Finance Corporation has updated its financial arrangements with the signing of the Ninth Amendment that revises the existing loan and security agreement. This latest amendment, involving key financial institutions such as Wells Fargo, adjusts the way the Company’s Non-Usage Fee Rate is calculated. This change affects the fees that may be incurred throughout the life of the Holdings Credit Facility. The full details of this amendment will be disclosed in the Company’s forthcoming annual report.
For further insights into NMFC stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
