<SEC-DOCUMENT>0001104659-21-010247.txt : 20210201
<SEC-HEADER>0001104659-21-010247.hdr.sgml : 20210201
<ACCEPTANCE-DATETIME>20210201164701
ACCESSION NUMBER:		0001104659-21-010247
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20210129
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20210201
DATE AS OF CHANGE:		20210201

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			New Mountain Finance Corp
		CENTRAL INDEX KEY:			0001496099
		IRS NUMBER:				272978010
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00832
		FILM NUMBER:		21577327

	BUSINESS ADDRESS:	
		STREET 1:		787 SEVENTH AVENUE, 48TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		(212) 720-0300

	MAIL ADDRESS:	
		STREET 1:		787 SEVENTH AVENUE, 48TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	New Mountain Guardian Corp
		DATE OF NAME CHANGE:	20100706
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>tm214832d1_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<P STYLE="margin-top: 0; margin-bottom: 0; margin-left: 0.5in; text-indent: 0in; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0; margin-left: 0.5in; text-indent: 0in; text-align: justify"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0; margin-left: 0.5in; text-indent: 0in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to section 13 or 15(d)&nbsp;of
the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of Report (Date of Earliest Event
Reported): January 29, 2021</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

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<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 16pt"><B>New Mountain
Finance Corporation</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact name of registrant as specified
in its charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="vertical-align: top; border-top: black 1pt solid; padding: 0.5pt 0.25pt 0.25pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; padding: 0.5pt 0.25pt 0.25pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; padding: 0.5pt 0.25pt 0.25pt; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 33%; text-align: center"><FONT STYLE="font-size: 10pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 34%; text-align: center"><FONT STYLE="font-size: 10pt"><B>814-00832</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 33%; text-align: center"><FONT STYLE="font-size: 10pt"><B>27-2978010</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt"><B>(State or other jurisdiction of<BR>
incorporation or organization)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt"><B>(Commission<BR>
File Number)</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt"><B>(IRS Employer<BR>
Identification Number)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>787 7<SUP>th</SUP> Avenue, 48<SUP>th</SUP>
Floor, New York, NY 10019</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Address of principal executive offices)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Registrant&#8217;s telephone number,
including area code (212) 720-0300</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form&nbsp;8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; padding: 0.25pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD STYLE="padding: 0.25pt"><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; padding: 0.25pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD STYLE="padding: 0.25pt"><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; padding: 0.25pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD STYLE="padding: 0.25pt"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; padding: 0.25pt"><FONT STYLE="font-family: Wingdings; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD STYLE="padding: 0.25pt"><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities registered pursuant to Section&nbsp;12(b)&nbsp;of
the Act:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Title of each class</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Trading Symbol (s)</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Name of each exchange on which registered</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Common stock, par value $0.01 per share</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">NMFC</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">NASDAQ Global Select Market</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">5.75% Notes due 2023</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">NMFCL</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">NASDAQ Global Select Market</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Indicate by check
mark whether the registrant is an emerging growth company as defined in Rule&nbsp;405 of the Securities Act of 1933 (17 CFR &sect;230.405)
or Rule&nbsp;12b-2 of the Securities Exchange Act of 1934 (17 CFR &sect;240.12b-2).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><BR>
Emerging growth company&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section&nbsp;13(a)&nbsp;of the Exchange Act.&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; padding: 0.25pt"><FONT STYLE="font-size: 10pt"><B>Item&nbsp;1.01.</B></FONT></TD>
    <TD STYLE="width: 90%; padding: 0.25pt"><FONT STYLE="font-size: 10pt"><B>Entry into a Material Definitive Agreement. </B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Unsecured Notes Offering</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On January 29, 2021, New Mountain Finance
Corporation (the <B><I>&#8220;Company&#8221;</I></B>) entered into a fifth supplement (the <B><I>&#8220;Supplement&#8221;</I></B>)
to its Amended and Restated Note Purchase Agreement, dated September&nbsp;30, 2016 (the <B><I>&#8220;Note Purchase Agreement&#8221;</I></B>).
Pursuant to the Supplement, on January 29, 2021, the Company issued to institutional investors identified therein, in a private
placement, $200,000,000 in aggregate principal amount of 3.875% Series 2021A Senior Notes due January 29, 2026 (the <B><I>&#8220;Notes&#8221;</I></B>)
as an additional series of notes under the Note Purchase Agreement. Except as set forth in the Supplement, the Notes have the same
terms as the $90,000,000 in aggregate principal amount of the 5.313% Senior Notes due May&nbsp;15, 2021, the $55,000,000 in aggregate
principal amount of the 4.76% Series&nbsp;2017A Senior Notes due July&nbsp;15, 2022, the $90,000,000 in aggregate principal amount
of the 4.87% Series&nbsp;2018A Senior Notes due January&nbsp;30, 2023, the $50,000,000 in aggregate principal amount of the 5.36%
Series&nbsp;2018B Senior Notes due June&nbsp;28, 2023 and the $116,500,000 in aggregate principal amount of the 5.494% Series 2019A
Senior Notes due April 30, 2024 (collectively, the <B><I>&#8220;Prior Notes&#8221;</I></B>) that the Company previously issued
pursuant to the Note Purchase Agreement, the first supplement thereto, the second supplement thereto, the third supplement thereto
and the fourth supplement thereto, respectively. The Supplement includes certain additional covenants and terms, including, without
limitation, a requirement that the Company not exceed a debt-to-equity ratio of 1.65 to 1.00 at the time of incurring additional
indebtedness and a requirement that the Company not exceed a secured debt ratio of 0.70 to 1.00 at any time, which covenants were
also included in the fourth supplement to the Note Purchase Agreement relating to the 5.494% Series 2019A Senior Notes due April
30, 2024.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Notes will rank equal in priority with
the Company&#8217;s other unsecured indebtedness, including the Prior Notes. Interest on the Notes will be payable semi-annually
in arrears on January 29 and July 29 of each year, commencing July 29, 2021. This interest rate is subject to increase in the event
that: (i)&nbsp;subject to certain exceptions, the Notes or the Company cease to have an investment grade rating or (ii)&nbsp;the
aggregate amount of the Company&#8217;s unsecured debt falls below $150,000,000. In each such event, the Company also has the option
to offer to prepay the Notes at par, in which case the holders of the Notes who accept the offer would not receive the increased
interest rate. In addition, the Company is obligated to offer to prepay the Notes at par if the Company&#8217;s investment adviser,
New Mountain Finance Advisers BDC, L.L.C. (the &#8220;<B><I>Investment Adviser</I></B>&#8221;), or an affiliate thereof, ceases
to be the Company&#8217;s investment adviser or if certain change in control events occur with respect to the Investment Adviser.
The Note Purchase Agreement also contains customary terms and conditions for unsecured notes issued in a private placement, including,
without limitation, affirmative and negative covenants such as information reporting, maintenance of the Company&#8217;s status
as a business development company under the Investment Company Act of 1940, as amended, and a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended, minimum stockholders&#8217; equity, minimum asset coverage ratio,
and prohibitions on certain fundamental changes at the Company or any subsidiary guarantor, as well as customary events of default
with customary cure and notice, including, without limitation, nonpayment, misrepresentation in a material respect, breach of covenant,
cross-default under other indebtedness of the Company or certain subsidiaries, certain judgments and orders, and certain events
of bankruptcy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company intends to use the proceeds of the offering to redeem its 5.31% Unsecured Notes due May 2021, to repay other outstanding debt
and for general corporate purposes. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The description above is only a summary of
the material provisions of the Supplement and is qualified in its entirety by reference to the copy of the form of Supplement which
is filed as Exhibit&nbsp;10.1 to this current report on Form&nbsp;8-K and is incorporated herein by reference thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; padding: 0.25pt"><FONT STYLE="font-size: 10pt">&nbsp;<B>Item 2.03</B></FONT></TD>
    <TD STYLE="text-align: justify; width: 90%; padding: 0.25pt"><FONT STYLE="font-size: 10pt"><B>Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The disclosure set forth above under Item
1.01 is incorporated by reference herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 7.01.</B></TD><TD STYLE="text-align: justify"><B>Regulation FD Disclosure</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On
February 1, 2021, NMFC issued a press release, included herewith as Exhibit 99.1, announcing the closing of the private placement
of $200 Million of 3.875% Unsecured Notes due 2026.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; padding: 0.25pt"><FONT STYLE="font-size: 10pt"><B>Item 9.01</B></FONT></TD>
    <TD STYLE="width: 90%; padding: 0.25pt"><FONT STYLE="font-size: 10pt"><B>Financial Statements and Exhibits</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="vertical-align: top; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 3%; text-align: center"><FONT STYLE="font-size: 10pt">(d)</FONT></TD>
    <TD STYLE="vertical-align: top; width: 95%"><FONT STYLE="font-size: 10pt">Exhibits</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="vertical-align: top; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 3%; text-align: center"><FONT STYLE="font-size: 10pt">(b)</FONT></TD>
    <TD STYLE="vertical-align: top; width: 95%"><FONT STYLE="font-size: 10pt">Not applicable.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="vertical-align: top; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 3%; text-align: center"><FONT STYLE="font-size: 10pt">(c)</FONT></TD>
    <TD STYLE="vertical-align: top; width: 95%"><FONT STYLE="font-size: 10pt">Not applicable.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="vertical-align: top; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 3%; text-align: center"><FONT STYLE="font-size: 10pt">(d)</FONT></TD>
    <TD STYLE="vertical-align: top; width: 95%"><FONT STYLE="font-size: 10pt">Exhibits.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibit&nbsp;No.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%"><A HREF="tm214832d1_ex10-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">10.1</FONT></A></TD>
    <TD STYLE="text-align: justify; width: 94%"><A HREF="tm214832d1_ex10-1.htm" STYLE="-sec-extract: exhibit">Form of Fifth Supplement to Amended and Restated Note Purchase Agreement, dated January 29, 2021, by and between New Mountain Finance Corporation and the purchasers party thereto, relating to the 3.875% Series&nbsp;2021A Senior Notes due January 29, 2026.</A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="tm214832d1_ex99-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">99.1</FONT></A></TD>
    <TD><A HREF="tm214832d1_ex99-1.htm" STYLE="-sec-extract: exhibit"><FONT STYLE="font-size: 10pt">Press release dated February 1, 2021.</FONT></A></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form&nbsp;8-K to be signed on its behalf by the undersigned hereunto duly authorized.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-size: 10pt">NEW MOUNTAIN FINANCE CORPORATION</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">Date:&nbsp;February 1, 2021</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black thin solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0;">/s/ Karrie J. Jerry</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 44%"><FONT STYLE="font-size: 10pt">&nbsp;Karrie J. Jerry</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Corporate Secretary</FONT></TD></TR>
</TABLE>
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm214832d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
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<P STYLE="margin-top: 0; margin-bottom: 0; margin-left: 0.5in; text-indent: 0in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;Exhibit 10.1</B></P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM OF</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Fifth Supplement to Amended
and Restated Note Purchase Agreement</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">New Mountain Finance Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in">Dated as of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0.5in; text-indent: 0in; text-align: right">January
29, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To the Purchasers named in</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Schedule&nbsp;A hereto</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Fifth Supplement
to Amended and Restated Note Purchase Agreement (the <B>&ldquo;Supplement&rdquo;</B>) is between New Mountain Finance Corporation,
a Delaware corporation (the <B>&ldquo;Company&rdquo;</B>), and the institutional investors named on Schedule&nbsp;A attached hereto
(the <B>&ldquo;Purchasers&rdquo;</B>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reference is hereby
made to that certain Amended and Restated Note Purchase Agreement dated September&nbsp;30, 2016 (the <B>&ldquo;Note Purchase Agreement&rdquo;</B>)
among the Company, the First Closing Purchasers listed on Schedule&nbsp;B&#45;1 thereto and the Second Closing Purchasers listed
on Schedule&nbsp;B&#45;2 thereto. Except as otherwise provided in sections&nbsp;4 and 6 below with respect to replacements of &ldquo;Second
Closing Notes,&rdquo; &ldquo;Second Closing,&rdquo; &ldquo;Second Closing Purchaser,&rdquo; and &ldquo;Effective Date&rdquo; all
capitalized terms not otherwise defined herein shall have the same meaning as specified in the Note Purchase Agreement. Reference
is further made to Section&nbsp;4.14 of the Note Purchase Agreement which requires that, prior to the delivery of any Additional
Notes, the Company and each Additional Purchaser shall execute and deliver a Supplement. The Series&nbsp;2021A Notes (as defined
below) constitute Additional Notes under the Note Purchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company hereby
agrees with the Purchasers as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1. The Company
has authorized the issue and sale of $200,000,000 aggregate principal amount of its 3.875% Series&nbsp;2021A Senior Notes due
January 29, 2026 (the <B>&ldquo;Series&nbsp;2021A Notes&rdquo;</B>). The Series&nbsp;2021A Notes, together with the
Series&nbsp;2016 Notes issued pursuant to the Note Purchase Agreement, the Series&nbsp;2017A Notes issued pursuant to that
certain First Supplement to Amended and Restated Note Purchase Agreement dated as of June 30, 2017, the Series&nbsp;2018A
Notes issued pursuant to that certain Second Supplement to Amended and Restated Note Purchase Agreement dated as of
January&nbsp;30, 2018, the Series&nbsp;2018B Notes issued pursuant to that certain Third Supplement to Amended and Restated
Note Purchase Agreement dated as of July 5, 2018, the Series&nbsp;2019A Notes issued pursuant to that certain Fourth
Supplement to Amended and Restated Note Purchase Agreement dated as of April 30, 2019 and each series of Additional Notes
which may from time to time hereafter be issued pursuant to the provisions of Section&nbsp;2.2 of the Note Purchase
Agreement, are collectively referred to as the <B>&ldquo;Notes&rdquo;</B> (such term shall also include any such notes issued
in substitution therefor pursuant to Section&nbsp;13 of the Note Purchase Agreement). The Series&nbsp;2021A Notes shall be
substantially in the form set out in Exhibit&nbsp;1 hereto with such changes therefrom, if any, as may be approved by the
Purchasers and the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2. Subject to the
terms and conditions hereof and as set forth in the Note Purchase Agreement and on the basis of the representations and
warranties hereinafter set forth, the Company agrees to issue and sell to each Purchaser, and each Purchaser agrees to
purchase from the Company, Series&nbsp;2021A Notes in the principal amount set forth opposite such Purchaser&rsquo;s name on
Schedule&nbsp;A hereto at a price of 100% of the principal amount thereof on the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3. The sale and
purchase of the Series&nbsp;2021A Notes to be purchased by each Purchaser shall occur at the offices of Chapman and
Cutler&nbsp;LLP, 111 West Monroe Street, Chicago, Illinois 60603, at 9:00&nbsp;a.m. Chicago time, at a closing (the <B>&ldquo;Closing&rdquo;</B>)
on January 29, 2021 (the <B>&ldquo;Closing Date&rdquo;</B>). At the Closing, the Company will deliver to each Purchaser the
Series&nbsp;2021A Notes to be purchased by such Purchaser in the form of a single Series&nbsp;2021A Note (or such greater
number of Series&nbsp;2021A Notes in denominations of at least $100,000 as such Purchaser may request) dated the date of the
Closing and registered in such Purchaser&rsquo;s name (or in the name of such Purchaser&rsquo;s nominee), against delivery by
such Purchaser to the Company or its order of immediately available funds in the amount of the purchase price therefor by
wire transfer of immediately available funds for the account of the Company to account number XXXXXXXXX at U.S. Bank National
Association, in Boston, MA, ABA&nbsp;No.&nbsp;XXXXXXXXX<FONT STYLE="font-variant: small-caps">. </FONT> If, at the Closing,
the Company shall fail to tender such Series&nbsp;2021A Notes to any Purchaser as provided above in this Section&nbsp;3, or
any of the conditions specified in Section&nbsp;4 shall not have been fulfilled to such Purchaser&rsquo;s satisfaction, such
Purchaser shall, at such Purchaser&rsquo;s election, be relieved of all further obligations under this Agreement, without
thereby waiving any rights such Purchaser may have by reason of such failure or such nonfulfillment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4. &nbsp;The Company
represents and warrants to each Purchaser, as of the Closing Date, (or, if any such representations and warranties expressly
relate to an earlier date, then as of such earlier date), each of the matters set forth in Section&nbsp;5 of the Note
Purchase Agreement, as specified subsections of such Section&nbsp;5 have been supplemented, amended or superseded as set
forth on Exhibit&nbsp;A hereto. The obligation of each Purchaser to purchase and pay for the Series&nbsp;2021A Notes to be
sold to such Purchaser at the Closing is subject to the fulfillment to such Purchaser&rsquo;s satisfaction, prior to or at
the Closing, of (i)&nbsp;the conditions set forth in Section 4 of the Note Purchase Agreement with respect to the
Series&nbsp;2021A Notes to be purchased at the Closing as if each reference to &ldquo;Second Closing Notes,&rdquo;
&ldquo;Second Closing,&rdquo; &ldquo;Second Closing Purchaser,&rdquo; &ldquo;Effective Date,&rdquo; &ldquo;Schedule
B&#45;2,&rdquo; and &ldquo;Schedule 5.5&rdquo; set forth therein was replaced by &ldquo;Series&nbsp;2021A Notes,&rdquo; the
&ldquo;Closing,&rdquo; the &ldquo;Purchaser,&rdquo; the &ldquo;Closing Date,&rdquo; &ldquo;Schedule&nbsp;A,&rdquo; and
&ldquo;Schedule&nbsp;5.5C&rdquo; (each as defined in or attached to this Supplement), respectively, and except to the extent
such conditions set forth in Section 4 of the Note Purchase Agreement are supplemented, amended or superseded hereby, and
(ii)&nbsp;the following additional conditions:</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">(a)
Except as supplemented, amended or superseded by the representations and warranties set forth in Exhibit&nbsp;A
hereto, each of the representations and warranties of the Company set forth in Section&nbsp;5 of the Note Purchase Agreement
shall be correct as of the date of Closing (except for representations and warranties which apply to a specific earlier date
which shall be true as of such earlier date or as of the date specified in Exhibit&nbsp;A to the extent such provision is
superseded in Exhibit&nbsp;A) and the Company shall have delivered to each Purchaser an Officer&rsquo;s Certificate, dated
the date of the Closing certifying that such condition has been fulfilled.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">(b) Contemporaneously
with the Closing, the Company shall sell to each Purchaser, and each Purchaser shall purchase, the Series&nbsp;2021A Notes to be
purchased by such Purchaser at the Closing as specified in Schedule&nbsp;A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="text-indent: 0.25in; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">(c) Section 4.11 of the
Note Purchase Agreement with respect to the Series 2021A Notes shall be amended in its entirety to read as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&ldquo;<B>Section 4.11. Rating.
</B>On the date of the Closing, the Series 2021A Notes shall be rated &ldquo;BBB-&rdquo; or better by Fitch Ratings, Inc.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps">5. </FONT>The
terms of Section&nbsp;8 of the Note Purchase Agreement shall apply to the Series&nbsp;2021A Notes except that the proviso in
the first sentence of Section&nbsp;8.2 of the Note Purchase Agreement shall be amended in its entirety to read as
follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in; text-align: justify">&ldquo;<I>provided,</I> that at any
time on or after February&nbsp;15, 2021 the Company may, at its option, upon notice as provided below, prepay all or any part
of the Series&nbsp;2016 Notes at 100% of the principal amount so prepaid, together with, in each case, accrued interest to
the prepayment date; <I>provided, further,</I> that at any time on or after April&nbsp;15, 2022 the Company may, at its
option, upon notice as provided below, prepay all or any part of the Series&nbsp;2017A Notes at 100% of the principal amount
so prepaid, together with, in each case, accrued interest to the prepayment date; <I>provided, further,</I> that at any time
on or after October&nbsp;30, 2022 the Company may, at its option, upon notice as provided below, prepay all or any part of
the Series&nbsp;2018A Notes at 100% of the principal amount so prepaid, together with, in each case, accrued interest to the
prepayment date; <I>provided, further, </I>that at any time on or after March&nbsp;28, 2023, the Company may, at its option,
upon notice as provided below, prepay all or any part of the Series&nbsp;2018B Notes at 100% of the principal amount so
prepaid, together with, in each case, accrued interest to the prepayment date; <I>provided, further,</I> that at any time on
or after January&nbsp;30, 2024 the Company may, at its option, upon notice as provided below, prepay all or any part of the
Series&nbsp;2019A Notes at 100% of the principal amount so prepaid, together with, in each case, accrued interest to the
prepayment date; <I>provided, further,</I> that at any time on or after July 29, 2025 the Company may, at its option, upon
notice as provided below, prepay all or any part of the Series&nbsp;2021A Notes at 100% of the principal amount so prepaid,
together with, in each case, accrued interest to the prepayment date.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For the avoidance of
doubt, the definition of <I>&ldquo;Make-Whole Amount&rdquo;</I> set forth in Section&nbsp;8.6 of the Note Purchase Agreement shall
be applicable to any Series&nbsp;2021A Note.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">6. Each Purchaser
represents and warrants that the representations and warranties set forth in Section&nbsp;6 of the Note Purchase Agreement
are true and correct on the date hereof with respect to the purchase of the Series&nbsp;2021A Notes by such Purchaser as if
each reference to &ldquo;Second Closing Notes,&rdquo; &ldquo;Second Closing&rdquo; and &ldquo;Second Closing Purchaser&rdquo;
set forth therein was replaced by &ldquo;Series&nbsp;2021A Notes,&rdquo; the &ldquo;Closing&rdquo; and the
&ldquo;Purchaser,&rdquo; respectively, and each reference to &ldquo;this Agreement&rdquo; therein was modified to refer to
the Note Purchase Agreement as supplemented by this Supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Each Purchaser further
represents and warrants that such Purchaser:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(a) is
an &ldquo;accredited investor&rdquo; within the meaning of Rule&nbsp;501(a)(1), (2), (3) or (7) under the Securities Act and a
Qualified Institutional Buyer; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(b)
has reviewed the Disclosure Documents and has been furnished with all other materials that it considers relevant to a
purchase of the Series&nbsp;2021A Notes, has had a full opportunity to ask questions of and receive answers from the Company
or any person or persons acting on behalf of the Company concerning the terms and conditions of a purchase of the
Series&nbsp;2021A Notes and no statement or printed material which is contrary to the Disclosure Documents has been made or
given to the purchaser by or on behalf of the Company; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(c)
is not relying upon, and has not relied upon, any statement, representation or warranty made by any person,
including, without limitation, Deutsche Bank Securities Inc., any of its affiliates or any of its or their control persons,
officers, directors or employees, except for the statements, representations and warranties contained in the Note Purchase
Agreement (as supplemented, amended or superseded hereby) and the other Disclosure Documents, in making its decision to
purchase the Series&nbsp;2021A Notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7. The Company
and each Purchaser agree to be bound by and comply with the terms and provisions of the Note Purchase Agreement (except as
supplemented, amended or superseded hereby) as fully and completely as if such Purchaser were an original signatory to the
Note Purchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">8. <I>Covenants
of the Company</I>. In addition to the covenants and agreements set forth in the Agreement, the Company covenants and
agrees<FONT STYLE="font-family: Times New Roman, Times, Serif">, which covenants and agreements shall have the benefit of
Section 11(c) of the Note Purchase Agreement,</FONT> for the benefit of the Purchasers and each other holder of a Note
that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin: 0pt 0 0pt 0.5in; text-align: justify">(a) <I>Debt to Equity
Ratio</I>. Immediately after the issuance of any senior security representing indebtedness (as determined pursuant to the
Investment Company Act), and after giving pro forma effect thereto and the application of the proceeds thereof, the Company
will not permit the Debt to Equity Ratio, to be greater than 1.65 to 1.00.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><B>&ldquo;Debt to Equity Ratio&rdquo;</B>
means the ratio of (a) the aggregate amount of senior securities representing indebtedness of the Company and its Subsidiaries
(including under the Notes), in each case as determined pursuant to the Investment Company Act, and any orders of the SEC issued
to or with respect to Company thereunder, including any exemptive relief granted by the SEC with respect to the indebtedness of
any SBIC Subsidiary to (b) Shareholders&rsquo; Equity at the last day of the immediately preceding fiscal quarter of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">(b) <I>Maximum Secured
Debt.</I> The Company will not permit the Secured Debt Ratio at any time to exceed 0.70 to 1.00.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><B>&ldquo;Secured Debt&rdquo;</B>
means Indebtedness of the Company and its Subsidiaries that are consolidated with the Company for purposes of GAAP&nbsp;(excluding
any Indebtedness of any of the Company&rsquo;s Subsidiaries which are SBIC Subsidiaries) outstanding at any time that is secured
in any manner by any Lien on assets of the Company or any such Subsidiaries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><B>&ldquo;Secured Debt Ratio&rdquo;</B>
means the ratio of (a) Secured Debt to (b) the aggregate amount of Indebtedness of the Company and its Subsidiaries that are consolidated
with the Company for purposes of GAAP (including Indebtedness under the Notes and excluding any Indebtedness of any of the Company&rsquo;s
Subsidiaries which are SBIC Subsidiaries).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">9. <I>Covenants
of the Company.</I> The Company covenants and agrees, for the benefit of the Purchasers and each other holder of a Note, that
for the avoidance of doubt and for purposes of determining the Asset Coverage Ratio and the Debt to Equity Ratio, &ldquo;the
aggregate amount of senior securities representing indebtedness of the Company and its Subsidiaries&rdquo; shall be deemed to
include the obligations of the Company under any Permitted SBIC Guaranty for any period after the occurrence of an event or
condition that is an impermissible change in the control of the applicable SBIC Subsidiary as a result of which the Permitted
SBIC Guaranty permits recourse to the Company as permitted pursuant to the definition of &ldquo;Permitted SBIC
Guaranty.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">10. <I>Ratings
Covenant of the Company</I>. In addition to the covenants and agreements set forth in the Note Purchase Agreement and this
Supplement, the Company covenants and agrees for the benefit of the Purchasers and each other holder of a Note that, to the
extent the Company shall maintain or deliver, in accordance with the Note Purchase Agreement, a Rating, such Rating shall be
a public rating, issued by a NRSRO, of the Notes and, with respect to the Series&nbsp;2021A Notes, shall specifically
describe the Series 2021A Notes, including their interest rate, maturity and Private Placement Number.</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">11. <I>Events of
Default of the Company</I>. In addition to the covenants, agreements and Events of Default set forth in the Note Purchase
Agreement and this Supplement, the Company covenants and agrees for the benefit of the Purchasers and each other holder of a
Note that, in addition to the defaults or conditions under any Material Indebtedness of the Company and its Significant
Subsidiaries that constitute an Event of Default under Section 11(f) of the Note Purchase Agreement, any such defaults or
conditions, as specified in Section 11(f) of the Note Purchase Agreement, under any Material Indebtedness of the
Company&rsquo;s Subsidiaries that are consolidated with the Company for purposes of GAAP (excluding any Indebtedness of any
of the Company&rsquo;s Subsidiaries which are SBIC Subsidiaries) shall also constitute an Event of Default under Section
11(f) of the Note Purchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The execution hereof
shall constitute a contract between the Company and the Purchasers for the uses and purposes hereinabove set forth, and this agreement
may be executed in any number of counterparts, each executed counterpart constituting an original but all together only one agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.45in; text-indent: -0.2in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">New Mountain Finance Corporation</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 48%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By</FONT></TD>
    <TD STYLE="border-bottom: Black thin solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Shiraz Y. Kajee</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: &nbsp;&nbsp;Chief Financial Officer</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-variant: small-caps">New Mountain Finance
Corporation</FONT></P>

<P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-variant: small-caps">Fifth Supplement to Amended
and Restated Note Purchase Agreement</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This Agreement is hereby accepted and agreed to as of the
date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">[Purchasers]</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 48%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By</FONT></TD>
    <TD STYLE="border-bottom: Black thin solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 261pt; text-indent: 0.05in"></P>



<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-variant: small-caps">New Mountain Finance
Corporation</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-variant: small-caps">Fifth Supplement to Amended
and Restated Note Purchase Agreement</FONT></P>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>




<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Supplemental Representations</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company represents
and warrants to each Purchaser that except as hereinafter set forth in this Exhibit&nbsp;A, each of the representations and warranties
set forth in Section&nbsp;5 of the Note Purchase Agreement (other than representations and warranties that apply solely to a specific
earlier date which shall be true as of such earlier date) is true and correct in all material respects as of the date hereof with
respect to the Series&nbsp;2021A Notes with the same force and effect as if each reference to &ldquo;the Second Closing Notes&rdquo;
set forth therein was modified to refer to the &ldquo;Series&nbsp;2021A Notes&rdquo; and each reference to &ldquo;this Agreement&rdquo;
therein was modified to refer to the Note Purchase Agreement as supplemented by the Fifth Supplement. The Section references hereinafter
set forth correspond to the similar sections of the Note Purchase Agreement which are supplemented hereby:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.3. Disclosure</B>.
(a) The Company, through its agent, Deutsche Bank Securities Inc., has delivered to each Purchaser a copy of the documents, certificates
or other writings identified in Schedule&nbsp;5.3C and has made publicly available via the SEC&rsquo;s EDGAR filing system its
quarterly and annual reports on Form&nbsp;10&#45;Q and Form&nbsp;10&#45;K, respectively, including the Company&rsquo;s annual report
on Form&nbsp;10&#45;K for the fiscal year ended December 31, 2019 (the &ldquo;<I>Initial Disclosure Materials</I>&rdquo;), relating
to the transactions contemplated hereby. The Initial Disclosure Materials fairly describe, in all material respects, the general
nature of the business and principal properties of the Company and its Subsidiaries. This Agreement, the Initial Disclosure Materials,
the financial statements listed in Schedule&nbsp;5.5C and the documents, certificates or other writings delivered to the Purchasers
by or on behalf of the Company (other than financial projections, pro forma financial information, and other forward&#45;looking
information referenced in Section&nbsp;5.3(b)) on or prior to January 13, 2021 in connection with the transactions contemplated
hereby and identified in Schedule&nbsp;5.3C (this Agreement, the Initial Disclosure Materials and such documents, certificates
or other writings, including, without limitation, valuations of Investments of the Company, and such financial statements delivered
to each Purchaser (other than financial projections, pro forma financial information, and other forward&#45;looking information
referenced in Section&nbsp;5.3(b)) being referred to, collectively, as the &ldquo;<I>Disclosure Documents</I>&rdquo;), taken as
a whole, do not contain any untrue statement of a material fact or omit to state any material fact necessary to make the statements
therein not misleading in light of the circumstances under which they were made. Except as disclosed in the Disclosure Documents,
since December&nbsp;31, 2019, there has been no change in the financial condition, operations, business, properties or prospects
of the Company or any Subsidiary except changes that could not, individually or in the aggregate, reasonably be expected to have
a Material Adverse Effect. There is no fact known to the Company that could reasonably be expected to have a Material Adverse Effect
that has not been set forth herein or in the Disclosure Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b) All financial
projections, pro forma financial information and other forward&#45;looking information which has been delivered to each
Purchaser by or on behalf of the Company in connection with the transactions contemplated by this Agreement are based upon
good faith assumptions and, in the case of financial projections and pro forma financial information, good faith estimates,
in each case, believed to be reasonable at the time made, it being recognized that (i)&nbsp;such financial information as it
relates to future events is subject to significant uncertainty and contingencies (many of which are beyond the control of the
Company) and are therefore not to be viewed as fact, and (ii)&nbsp;actual results during the period or periods covered by
such financial information may materially differ from the results set forth therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps">Exhibit
A</FONT></P>

<P STYLE="text-align: center; margin-top: 0pt; font: 10pt Times New Roman, Times, Serif; margin-bottom: 0pt">(to Fifth Supplement)&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.4. Organization and
Ownership of Shares of Subsidiaries; Affiliates</B>. (a)&nbsp;Schedule&nbsp;5.4C contains (except as noted therein) complete and
correct lists of (i)&nbsp;the Company&rsquo;s Subsidiaries, showing, as to each Subsidiary, the name thereof, the jurisdiction
of its organization, and the percentage of shares of each class of its capital stock or similar equity interests outstanding owned
by the Company and each other Subsidiary, (ii)&nbsp;the Company&rsquo;s Affiliates, other than Subsidiaries, and (iii)&nbsp;the
Company&rsquo;s directors and senior officers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b) All of the
outstanding shares of capital stock or similar equity interests of each Subsidiary shown in Schedule&nbsp;5.4C as being owned
by the Company and its Subsidiaries have been validly issued, are fully paid and non&#45;assessable and are owned by the
Company or another Subsidiary free and clear of any Lien that is prohibited by this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(d) No Subsidiary
is subject to any legal, regulatory, contractual or other restriction (other than the agreements listed on Schedule&nbsp;5.4C
and customary limitations imposed by corporate law or similar statutes) restricting the ability of such Subsidiary to pay
dividends out of profits or make any other similar distributions of profits to the Company or to any other Subsidiary of the
Company that owns outstanding shares of capital stock or similar equity interests of such Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.5. Financial
Statements; Material Liabilities</B>. The Company has delivered to each Purchaser or made publicly available via the
SEC&rsquo;s EDGAR filing system copies of the financial statements of the Company and its Subsidiaries listed on
Schedule&nbsp;5.5C. All of such financial statements (including in each case the related schedules and notes) fairly present
in all material respects the consolidated financial position of the Company and its Subsidiaries as of the respective dates
specified in such Schedule and the consolidated results of their operations and cash flows for the respective periods so
specified and have been prepared in accordance with GAAP consistently applied throughout the periods involved except as set
forth in the notes thereto (subject, in the case of any interim financial statements, to normal year&#45;end adjustments).
The Company and its Subsidiaries do not have any Material liabilities that are not disclosed in the Disclosure Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section 5.13. Private Offering
by the Company</B>. Neither the Company nor anyone acting on its behalf has offered the Series&nbsp;2021A Notes or any similar
Securities (other than any Notes previously issued pursuant to the Note Purchase Agreement and identified on Schedule&nbsp;5.15C)
for sale to, or solicited any offer to buy the Series&nbsp;2021A Notes or any similar Securities (other than any Notes previously
issued pursuant to the Note Purchase Agreement and identified on Schedule 5.15C) from, or otherwise approached or negotiated in
respect thereof with, any Person other than not more than 22 Institutional Investors (including the Purchasers), each of which
has been offered the Series&nbsp;2021A Notes at a private sale for investment. Neither the Company nor anyone acting on its behalf
has taken, or will take, any action that would subject the issuance or sale of the Series&nbsp;2021A Notes to the registration
requirements of section&nbsp;5 of the Securities Act or to the registration requirements of any Securities or blue sky laws of
any applicable jurisdiction.</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section&nbsp;5.14. Use of
Proceeds; Margin Regulations</B>. The Company will apply the proceeds of the sale of the Series&nbsp;2021A Notes to repay
outstanding Indebtedness of the Company and its Subsidiaries and/or for other general corporate purposes of the Company,
including the acquisition and funding (either directly or through one or more wholly&#45;owned Subsidiaries)&nbsp;of
leveraged loans, mezzanine loans, high&#45;yield securities, convertible securities, preferred stock, common stock, and other
Portfolio Investments. No part of the proceeds from the sale of the Series&nbsp;2021A Notes hereunder will be used, directly
or indirectly, for the purpose of buying or carrying any margin stock within the meaning of Regulation&nbsp;U of the Board of
Governors of the Federal Reserve System (12 CFR 221), or for the purpose of buying or carrying or trading in any Securities
under such circumstances as to involve the Company in a violation of Regulation&nbsp;X of said Board (12 CFR 224) or to
involve any broker or dealer in a violation of Regulation&nbsp;T of said Board (12 CFR 220). Margin stock does not constitute
more than 10% of the value of the consolidated assets of the Company and the Company does not have any present intention that
margin stock will constitute more than 10% of the value of such assets. As used in this Section, the terms <B>&ldquo;margin
stock&rdquo;</B> and <B>&ldquo;purpose of buying or carrying&rdquo;</B> shall have the meanings assigned to them in said
Regulation&nbsp;U.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>Section 5.15. Existing Indebtedness;
Future Liens</B>. (a)&nbsp;Except as described therein, Schedule&nbsp;5.15C sets forth a complete and correct list of all outstanding
Indebtedness of the Company and its Subsidiaries as of September 30, 2020 (including descriptions of the obligors and obligees,
principal amounts outstanding, any collateral therefor and any Guaranties thereof), since which date there has been no Material
change in the amounts, interest rates, sinking funds, installment payments or maturities of the Indebtedness of the Company or
its Subsidiaries. Neither the Company nor any Subsidiary is in default and no waiver of default is currently in effect, in the
payment of any principal or interest on any Indebtedness of the Company or such Subsidiary and no event or condition exists with
respect to any Indebtedness of the Company or any Subsidiary that would permit (or that with notice or the lapse of time, or both,
would permit) one or more Persons to cause such Indebtedness to become due and payable before its stated maturity or before its
regularly scheduled dates of payment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b) Except as disclosed in
Schedule&nbsp;5.15C, neither the Company nor any Subsidiary has agreed or consented to cause or permit any of its property,
whether now owned or hereafter acquired, to be subject to a Lien that secures Indebtedness or to cause or permit in the
future (upon the happening of a contingency or otherwise) any of its property, whether now owned or hereafter acquired, to be
subject to a Lien that secures Indebtedness.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c) Neither the Company nor any
Subsidiary is a party to, or otherwise subject to any provision contained in, any instrument evidencing Indebtedness of the Company
or such Subsidiary, any agreement relating thereto or any other agreement (including, but not limited to, its charter or any other
organizational document) which limits the amount of, or otherwise imposes restrictions on the incurring of, Indebtedness of the
Company, except as disclosed in Schedule&nbsp;5.15C.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Form of Series&nbsp;2021A
Note]</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">New Mountain Finance Corporation</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">3.875% Series&nbsp;2021A
Senior Note due January 29, 2026</P>

<P STYLE="font: small-caps bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; padding-left: 10pt; text-indent: -10pt; width: 15pc">No. [_________]</TD>
    <TD STYLE="text-align: right; padding-left: 10pt; text-indent: -10pt"><B>[Date]</B></TD></TR>
</TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; padding-left: 10pt; text-indent: -10pt; width: 15pc">$[____________]</TD>
    <TD STYLE="text-align: right; padding-left: 10pt; text-indent: -10pt">PPN 647551 C*9</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps">For
Value Received</FONT>, the undersigned, <FONT STYLE="font-variant: small-caps">New Mountain Finance Corporation</FONT> (herein
called the <B>&ldquo;Company&rdquo;</B>), a corporation organized and existing under the laws of the State of Delaware, hereby
promises to pay to [____________], or registered assigns, the principal sum of [_____________________] <FONT STYLE="font-variant: small-caps">Dollars</FONT>
(or so much thereof as shall not have been prepaid) on January 29, 2026 (the <B>&ldquo;Maturity Date&rdquo;</B>), with interest
(computed on the basis of a 360&#45;day year of twelve 30&#45;day months) (a)&nbsp;on the unpaid balance hereof at the rate of
(a)&nbsp;subject to adjustment pursuant to Section&nbsp;1.2 of the hereinafter defined Note Purchase Agreement, 3.875% per annum
from the date hereof, payable semiannually, on the 29th day of January and July in each year, commencing July 29, 2021, and on
the Maturity Date, until the principal hereof shall have become due and payable, and (b)&nbsp;to the extent permitted by law, (x)&nbsp;on
any overdue payment of interest and (y)&nbsp;during the continuance of an Event of Default, on such unpaid balance and on any overdue
payment of any Make&#45;Whole Amount, at a rate per annum from time to time equal to the Default Rate (as defined in the hereinafter
defined Note Purchase Agreement).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Payments of principal
of, interest on and any Make&#45;Whole Amount with respect to this Note are to be made in lawful money of the United States of
America at Wells Fargo Bank, National Association at its offices in New&nbsp;York, New&nbsp;York or at such other place as the
Company shall have designated by written notice to the holder of this Note as provided in the Note Purchase Agreement referred
to below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Note is one of
a series of Senior Notes (the <B>&ldquo;Notes&rdquo;</B>) issued pursuant to a Supplement to the Amended and Restated Note Purchase
Agreement dated September&nbsp;30, 2016 (as from time to time amended, supplemented or modified, the <B>&ldquo;Note Purchase Agreement&rdquo;</B>),
among the Company, the First Closing Purchasers and the Second Closing Purchasers named therein and Additional Purchasers of Notes
from time to time issued pursuant to any Supplement to the Note Purchase Agreement. This Note and the holder hereof are entitled
equally and ratably with the holders of all other Notes of all series from time to time outstanding under the Note Purchase Agreement
to all the benefits provided for thereby or referred to therein. Each holder of this Note will be deemed, by its acceptance hereof,
(i)&nbsp;to have agreed to the confidentiality provisions set forth in Section&nbsp;20 of the Note Purchase Agreement and (ii)&nbsp;to
have made the representation set forth in Section&nbsp;6.2 of the Note Purchase Agreement. Unless otherwise indicated, capitalized
terms used in this Note shall have the respective meanings ascribed to such terms in the Note Purchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Note is a
registered Note with the Company and, as provided in the Note Purchase Agreement, upon surrender of this Note for
registration of transfer accompanied by a written instrument of transfer duly executed, by the registered holder hereof or
such holder&rsquo;s attorney duly authorized in writing, a new Note of the same series for a like principal amount will be
issued to, and registered in the name of, the transferee. Prior to due presentment for registration of transfer, the Company
may treat the Person in whose name this Note is registered and is recorded in the register as the owner hereof for the
purpose of receiving payment and for all other purposes, and the Company will not be affected by any notice to the
contrary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps">Exhibit
1</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(to Fifth Supplement)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Note is subject
to optional prepayment, in whole or from time to time in part, at the times and on the terms specified in the Note Purchase Agreement,
but not otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If an Event of Default
occurs and is continuing, the principal of this Note may be declared or otherwise become due and payable in the manner, at the
price (including any applicable Make&#45;Whole Amount) and with the effect provided in the Note Purchase Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>This Note shall
be construed and enforced in accordance with, and the rights of the Company and the holder of this Note shall be governed by, the
law of the State of New&nbsp;York excluding choice&#45;of&#45;law principles of the law of such State that would permit the application
of the laws of a jurisdiction other than such State.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps">New Mountain Finance Corporation</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 48%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By</FONT></TD>
    <TD STYLE="border-bottom: Black thin solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Shiraz Y. Kajee</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Chief Financial Officer</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-indent: -0.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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                           <P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="margin: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>New Mountain Finance Corporation Closes
Private Placement of $200 Million of </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>3.875% Unsecured Notes due 2026</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">NEW YORK--(BUSINESS WIRE) &mdash; February
1, 2021-- New Mountain Finance Corporation (Nasdaq: NMFC) (the &ldquo;Company&rdquo;, &ldquo;NMFC&rdquo;, or &ldquo;our&rdquo;) announced today that on
January 29, 2021, it closed on a private placement of $200 million in aggregate principal amount of 3.875% Series 2021A Unsecured
Notes due January 29, 2026 (the &ldquo;Notes&rdquo;) by entering into a fifth supplement (the &ldquo;Supplement&rdquo;) to its
Amended and Restated Note Purchase Agreement dated September 30, 2016 (the &ldquo;Note Purchase Agreement&rdquo;). The Company
intends to use the proceeds of the offering to redeem its 5.31% Unsecured Notes due May 2021, to repay other outstanding debt
and for general corporate purposes. Except as set forth in the Supplement, the Notes have the same terms as the unsecured notes
that the Company previously issued pursuant to the Note Purchase Agreement and the supplements thereto, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">John R. Kline, President &amp; COO, commented: &ldquo;We are
very pleased to announce the completion of our most recent debt offering which successfully addresses near-term debt maturities,
maintains our diversified funding profile and reduces NMFC&rsquo;s overall cost of capital. The offering was supported by many
of our existing lenders who continue to be great long-term supporters of NMFC as well as a new group of lenders who we would like
to welcome as long-term partners.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Deutsche Bank Securities Inc. acted as exclusive placement agent
for the Company in connection with the Notes offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ABOUT NEW MOUNTAIN FINANCE CORPORATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">New Mountain Finance Corporation is a closed-end, non-diversified
and externally managed investment company that has elected to be regulated as a business development company under the Investment
Company Act of 1940, as amended. The Company&rsquo;s investment objective is to generate current income and capital appreciation
through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien
debt, notes, bonds and mezzanine securities. The Company&rsquo;s first lien debt may include traditional first lien senior secured
loans or unitranche loans. Unitranche loans combine characteristics of traditional first lien senior secured loans as well as second
lien and subordinated loans. Unitranche loans will expose the Company to the risks associated with second lien and subordinated
loans to the extent it invests in the &ldquo;last out&rdquo; tranche. In some cases, the investments may also include small equity
interests. The Company&rsquo;s investment activities are managed by its Investment Adviser, New Mountain Finance Advisers BDC,
L.L.C., which is an investment adviser registered under the Investment Advisers Act of 1940, as amended. More information about
New Mountain Finance Corporation can be found on the Company&rsquo;s website at http://www.newmountainfinance.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">FORWARD-LOOKING STATEMENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Statements included herein may contain &ldquo;forward-looking
statements&rdquo;, which relate to our future operations, future performance or our financial condition. Forward-looking statements
are not guarantees of future performance, condition or results and involve a number of risks and uncertainties, <FONT STYLE="background-color: white">including
the impact of COVID-19 and related changes in base interest rates and significant volatility on our business, portfolio companies,
our industry and the global economy</FONT>. Actual results and outcomes may differ materially from those anticipated in the forward-looking
statements as a result of a variety of factors, including those described from time to time in our filings with the Securities
and Exchange Commission or factors that are beyond our control. New Mountain Finance Corporation undertakes no obligation to publicly
update or revise any forward-looking statements made herein, unless required to do so by law. All forward-looking statements speak
only as of the time of this press release.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CONTACT:<BR>
New Mountain Finance Corporation<BR>
Investor Relations<BR>
Shiraz Y. Kajee, Authorized Representative&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>NMFCIR@newmountaincapital.com</U><BR>
(212) 220-3505</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0pt"></P>

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