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New Mountain enters asset-backed securities market with $493 million offering

Deal opens financing path for firm's net-lease REIT
New Mountain Net Lease owns the Rise Baking plant in Ogden, Utah. (CoStar)
New Mountain Net Lease owns the Rise Baking plant in Ogden, Utah. (CoStar)
CoStar News
December 8, 2025 | 8:03 P.M.

New Mountain Net Lease has completed its first asset-backed securities transaction, issuing $493.4 million in notes on 59 commercial properties across North America.

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News | New Mountain enters asset-backed securities market with $493 million offering