UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

SCHEDULE 13D/A

 

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

 

NMF SLF I, INC.

 

(Name of Issuer)

 

(Title of Class of Securities)

 

(CUSIP Number)

 

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

(Date of Event which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Item 1.  Security and Issuer.

 

This Amendment No. 1 (“Amendment No. 1”) amends the statement on Schedule 13D filed with the Securities and Exchange Commission on February 21, 2020.  This Amendment No. 1 relates to shares of common stock (the “Shares”) of NMF SLF I, Inc., a Maryland business development company (the “Issuer”).  The Issuer’s principal executive offices are located at 787 Seventh Avenue, 48th Floor, New York, NY 10019.

 

Item 4.  Purpose of Transaction.

 

On January 27, 2020, each Plan entered into a subscription agreement with the Issuer (the “Subscription Agreements”) pursuant to which the UAW Chrysler Retirees Medical Benefits Plan agreed to purchase Shares for an aggregate purchase price equal to $104,000,000, the UAW Ford Retirees Medical Benefits Plan agreed to purchase Shares for an aggregate purchase price equal to $163,000,000, and the UAW GM Retirees Medical Benefits Plan agreed to purchase Shares for an aggregate purchase price equal to $233,000,000.  Such amounts are payable at such times and in such amounts as required by the Issuer, under the terms and conditions set forth in the Subscription Agreements.

 

On February 3, 2020, pursuant to drawdown notices delivered in accordance with the Subscription Agreements: (i) UAW Chrysler Retirees Medical Benefits Plan purchased from the Issuer, and the Issuer issued to UAW Chrysler Retirees Medical Benefits Plan, 1,040,000 Shares; (ii) UAW Ford Retirees Medical Benefits Plan purchased from the Issuer, and the Issuer issued to UAW Ford Retirees Medical Benefits Plan, 1,630,000 Shares; and (iii) UAW GM Retirees Medical Benefits Plan purchased from the Issuer, and the Issuer issued to UAW GM Retirees Medical Benefits Plan, 2,330,000 Shares..

 

On March 26, 2020, pursuant to drawdown notices delivered in accordance with the Subscription Agreements: (i) UAW Chrysler Retirees Medical Benefits Plan purchased from the Issuer, and the Issuer issued to UAW Chrysler Retirees Medical Benefits Plan, 1,040,000 Shares; (ii) UAW Ford Retirees Medical Benefits Plan purchased from the Issuer, and the Issuer issued to UAW Ford Retirees Medical Benefits Plan, 1,630,000 Shares; and (iii) UAW GM Retirees Medical Benefits Plan purchased from the Issuer, and the Issuer issued to UAW GM Retirees Medical Benefits Plan, 2,330,000 Shares.

 

The purpose of the transaction was to acquire securities of the Issuer for investment purposes.

 

The Issuer is a business development company.  The Reporting Persons expect to continue to beneficially own, in the aggregate, greater than 95% of the Shares outstanding.  The investment strategy and investment policy of the Issuer have been devised by, and will be implemented by, New Mountain Finance Advisers BDC, L.L.C.  The Reporting Persons do not have any plans or proposals to make any changes to the Issuer’s investment policy.

 

The Reporting Persons may change their intention with respect to any and all matters referred to in this Item 4.

 

Except as set forth herein, the Reporting Persons have no present plan or proposal that would relate to or result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D.

 

Item 5.  Interest in Securities of the Issuer.

 

(a) The aggregate number of Shares to which this Amendment No. 1 relates is 10,000,000.  Such aggregate number of Shares represents 95.2% of the common stock of the Issuer.  The percentage reported in this Amendment No. 1 is calculated based upon 10,500,000 Shares stated to be outstanding as of as of March 26, 2020 pursuant to drawdown notices delivered in accordance with the Subscription Agreements.

 

(b) The UAW Chrysler Retirees Medical Benefits Plan beneficially owns and has shared voting and dispositive power of 2,080,000 Shares. Such Shares represent 19.8% of the Shares outstanding.

 

The UAW Ford Retirees Medical Benefits Plan beneficially owns and has shared voting and dispositive power of 3,260,000 Shares. Such Shares represent 31.0% of the Shares outstanding.

 

The UAW GM Retirees Medical Benefits Plan beneficially owns and has shared voting and dispositive power of 4,660,000 Shares. Such Shares represent 44.4% of the Shares outstanding.

 

UAW RMBT is the trust under which the Plans are established and, pursuant to Rule 13d-3, may be deemed to beneficially own the 10,000,000 Shares held by the Plans.  Such Shares represent 95.2% of the Shares outstanding.  UAW RMBT is an indirect beneficial owner of these Shares.

 

Hershel Harper is the chief investment officer of UAW RMBT, the trust under which the Plans are established, and, pursuant to Rule 13d-3 may be deemed to beneficially own the 10,000,000 Shares held by the Plans.  Such Shares represent 95.2% of the Shares outstanding.  Hershel Harper is an indirect beneficial owner of these Shares.

 

(c) Except as disclosed in Item 4, no transactions in the Shares were effected during the past sixty days by the Reporting Persons.

 

(d) Not applicable.

 

(e) Not applicable.

 

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: March 30, 2020

 

	UAW RETIREE MEDICAL BENEFITS TRUST
	By:	/s/ Mary Beth Kuderik
	Name: Mary Beth Kuderik
	Title: Chief Financial Officer
	UAW CHRYSLER RETIREES MEDICAL BENEFITS PLAN
	By:	/s/ Mary Beth Kuderik
	Name: Mary Beth Kuderik
	Title: Chief Financial Officer
	UAW FORD RETIREES MEDICAL BENEFITS PLAN
	By:	/s/ Mary Beth Kuderik
	Name: Mary Beth Kuderik
	Title: Chief Financial Officer
	UAW GM RETIREES MEDICAL BENEFITS PLAN
	By:	/s/ Mary Beth Kuderik
	Name: Mary Beth Kuderik
	Title: Chief Financial Officer
	HERSHEL HARPER
	/s/ Hershel Harper