New Mountain Guardian III BDC, L.L.C. has amended its Limited Liability Company Agreement, effective November 5, 2024. Additionally, the company has completed a solicitation of consents from its unitholders on October 31, 2024, for two proposals. The first allows the company to extend its investment period and to enter into financing for additional investments. The second proposal approved the Merger Agreement and related transactions. Both proposals received majority consent from the unitholders with 54% in favor, 6% objecting, and 40% abstaining or not voting. The closing of the merger is contingent upon meeting various conditions.
Proper Names: - New Mountain Guardian III BDC, L.L.C. - New Mountain Private Credit Fund (NEWCRED) - Joseph W. Hartswell