New Mountain Finance Corporation Commences Offering of 8,000,000 Shares of Common Stock

New Mountain Finance Corporation (the “Company”) (NYSE:NMFC) announced today that it has commenced an underwritten offering of 8,000,000 shares of its common stock. Certain of the Company’s officers and interested directors have submitted a non-binding indication of interest to purchase an aggregate 400,000 shares in this offering at the public offering price. In connection with the proposed offering, the Company intends to grant the underwriters for the offering an option to purchase up to an additional 1,200,000 shares of the Company’s common stock.

The Company intends to use the net proceeds from the offering primarily for new investments in portfolio companies in accordance with its investment objective and strategies. The Company may also use a portion of such net proceeds for other general corporate purposes, including to temporarily repay indebtedness (which will be subject to re-borrowing), and other working capital needs.

The joint-lead book-running managers for the offering are Wells Fargo Securities, LLC, Morgan Stanley & Co. LLC, BofA Securities, Goldman Sachs & Co. LLC, Keefe, Bruyette & Woods, A Stifel Company, UBS Securities LLC and Deutsche Bank Securities Inc. The co-managers for the offering are Janney Montgomery Scott LLC and Oppenheimer & Co. Inc.

Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing. The preliminary prospectus supplement, dated October 22, 2019, and accompanying prospectus, dated April 29, 2019, each of which has been filed with the Securities and Exchange Commission, contain a description of these matters and other important information about the Company and should be read carefully before investing.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in this offering or any other securities, nor shall there be any sale of these securities or any other securities referred to in this press release, in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.

A shelf registration statement relating to these securities is on file with and has been declared effective by the Securities and Exchange Commission. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained, when available, from Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 375 Park Avenue, New York, NY 10152-4077, or by calling [phone], or by email: [e-mail]; or Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, or by calling 1-800-294-1322, or by email: [e-mail] or Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, or by calling [phone], sending a request via facsimile at [phone], or by email: [e-mail].