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    New Mountain Finance Corporation Announces Financial Results for the Quarter Ended March 31, 2025

    5/5/25 4:15:00 PM ET
    $NMFC
    Finance/Investors Services
    Finance
    Get the next $NMFC alert in real time by email

    Reports First Quarter Net Investment Income of $0.32 per Share and Declares a Second Quarter Distribution of $0.32 per Share

    New Mountain Finance Corporation (NASDAQ:NMFC) ("New Mountain," "New Mountain Finance" or the "Company") today announced its financial results for the quarter ended March 31, 2025.

    First Quarter and Recent Highlights1

    • Net investment income of $34.5 million, or $0.32 per weighted average share
    • Net asset value of $12.45 per share compared to $12.55 per share as of December 31, 2024
    • Sustained strong credit performance with ~96.5% of the portfolio rated green
    • Reduced cost of debt from SOFR + 2.15% to SOFR + 1.95% on our Holdings Credit Facility
    • Increased senior oriented asset mix to 77%, compared to 75% as of December 31, 2024
    • Declared a second quarter 2025 distribution of $0.32 per share, payable on June 30, 2025, to holders of record as of June 16, 2025

    ($ in millions, except per share data)

     

    Q1 2025

     

    Q1 2024

    Net Investment Income per Weighted Average Share

     

    $

    0.32

     

     

    $

    0.36

     

    Regular & Supplemental Dividends Paid per Share in Quarter

     

    $

    0.32

     

     

    $

    0.36

     

    Annualized Dividend Yield4

     

     

    12.8

    %

     

     

    10.7

    %

     

     

    March 31, 2025

     

    December 31, 2024

    Investment Portfolio5

     

    $

    3,047.7

     

    $

    3,104.5

    NAV per Share

     

    $

    12.45

     

    $

    12.55

    Statutory Debt/Equity3

     

    1.15x

     

    1.15x

    Statutory Debt/Equity (Net of Available Cash)3

     

    1.09x

     

    1.11x

    Management Comments on First Quarter Performance

    "New Mountain's strategy of investing in defensive sectors positions NMFC for continued success in what has become a more volatile operating environment," said Steven B. Klinsky, NMFC Chairman and New Mountain Capital CEO. "We believe that, relative to other credit funds, NMFC is notably well positioned for tariff and other political issues."

    John R. Kline, NMFC CEO, added: "NMFC maintained strong credit performance in Q1, with over 96% of the portfolio rated green. Looking ahead, we remain confident in NMFC's ability to deliver consistent yield with an enhanced margin of safety. Additionally, we have made meaningful progress on our strategic priorities including PIK reduction, diversifying our top investments and reducing the cost of our liabilities."

    Portfolio and Investment Activity5

    As of March 31, 2025, the Company's NAV1 was $1,342.2 million and its portfolio had a fair value of $3,047.7 million of investments in 119 portfolio companies, with a weighted average YTM at Cost6 of approximately 10.2%. For the three months ended March 31, 2025, the Company originated $120.8 million of investments2, offset by $160.4 million of repayments2 and $26.3 million of asset sales.

    Portfolio and Asset Quality

    NMFC's mandate is to primarily target businesses in the middle market that, consistent with New Mountain's private equity platform, are high quality, defensive growth companies in industries that are well-researched by New Mountain. The Company's focus is on defensive growth businesses that generally exhibit the following characteristics: (i) acyclicality, (ii) sustainable secular growth drivers, (iii) niche market dominance and high barriers to competitive entry, (iv) recurring revenue and strong free cash flow, (v) flexible cost structures and (vi) seasoned management teams.

    Portfolio Industry Composition based on Fair Value8

    Software

     

    Business Services

     

    ERP

    8.0 %

     

     

    Misc Services

    4.0 %

     

    Human Capital Management

    5.6 %

     

     

    Real Estate Services

    3.8 %

     

    Finance & Accounting

    4.7 %

     

     

    Engineering & Consulting Services

    3.4 %

     

    Ecommerce & Logistics

    4.6 %

     

     

    Digital Transformation

    2.1 %

     

    Governance, Risk & Compliance

    3.9 %

     

     

    Insurance & Benefits Services

    1.6 %

     

    IT Infrastructure & Security

    3.1 %

     

     

    MRO Services

    1.2 %

     

    Integrated Payments

    1.6 %

     

     

    Utility Services

    1.0 %

     

     

     

     

     

    Data & Information Services

    0.2 %

    Total Software

    31.5 %

     

    Total Business Services

    17.3 %

     

     

     

     

     

     

     

    Healthcare

     

    Other Industries

     

     

    Healthcare Services

    11.0 %

     

     

    Consumer Services

    7.1 %

     

    Healthcare Software

    6.3 %

     

     

    Education

    6.6 %

     

    Pharma Services

    1.5 %

     

     

    Financial Services

    4.7 %

     

    Tech-Enabled Healthcare

    0.8 %

     

     

    Distribution & Logistics

    4.5 %

     

    Healthcare Products

    0.2 %

     

     

    Packaging

    2.6 %

     

     

     

     

     

    Other

    5.9 %

    Total Healthcare

    19.8 %

     

    Total Other Industries

    31.4 %

     

    The Company monitors the performance and financial trends of its portfolio companies on at least a quarterly basis. The Company attempts to identify any developments within the portfolio company, the industry, or the macroeconomic environment that may alter any material element of the Company's original investment strategy. As described more fully in the Company's Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission, the portfolio monitoring procedures are designed to provide a simple, yet comprehensive analysis of the Company's portfolio companies based on their operating performance and underlying business characteristics, which in turn forms the basis of its Risk Rating. The Risk Rating is expressed in categories of Green, Yellow, Orange and Red with Green reflecting an investment that is in-line with or above expectations and Red reflecting an investment performing materially below expectations.

    The following table shows the Risk Rating of the Company's portfolio companies as of March 31, 2025:

    (in millions)

    As of March 31, 2025

    Risk Rating

     

    Cost

     

    Percent

     

    Fair Value

     

    Percent

     

    Weighted Average Mark

    Green7

     

    $

    2,942.2

     

    94.3

    %

     

    $

    2,939.1

     

    96.5

    %

     

    96.4

    %

    Yellow5

     

     

    107.6

     

    3.4

    %

     

     

    71.4

     

    2.3

    %

     

    66.3

    %

    Orange

     

     

    73.1

     

    2.3

    %

     

     

    37.2

     

    1.2

    %

     

    64.3

    %

    Red

     

     

    —

     

    —

     

     

     

    —

     

    —

     

     

    —

     

    Total

     

    $

    3,122.9

     

    100.0

    %

     

    $

    3,047.7

     

    100.0

    %

     

     

    As of March 31, 2025, all investments in the Company's portfolio had a Green Risk Rating, with the exception of five portfolio companies that had a Yellow Risk Rating and six portfolio companies that had an Orange Risk Rating. As of March 31, 2025, there were no portfolio companies that had a Red Risk Rating.

    The following table shows the Company's investment portfolio composition as of March 31, 2025:

    (in millions)

     

     

     

     

    Investment Portfolio Composition

     

    March 31, 2025

     

    Percent of Total

    First Lien

     

    $

    1,959.0

     

    64.3

    %

    Senior Loan Funds (SLP III & SLP IV) & NMNLC

     

     

    386.9

     

    12.7

    %

    Second Lien5

     

     

    187.1

     

    6.1

    %

    Subordinated

     

     

    104.9

     

    3.4

    %

    Preferred Equity

     

     

    243.3

     

    8.0

    %

    Common Equity and Other9

     

     

    166.4

     

    5.5

    %

    Total

     

    $

    3,047.7

     

    100.0

    %

    Liquidity and Capital Resources

    As of March 31, 2025, the Company had cash and cash equivalents of $85.5 million and total statutory debt outstanding of $1,543.7 million3. The Company's statutory debt to equity was 1.15x (or 1.09x net of available cash) as of March 31, 2025. Additionally, the Company had $262.5 million of SBA-guaranteed debentures outstanding as of March 31, 2025. As of March 31, 2025, the Company had $1,168.8 million of available capacity on its Holdings Credit Facility, NMFC Credit Facility and Unsecured Management Company Revolver.

    First Quarter 2025 Conference Call

    New Mountain Finance Corporation will host an earnings conference call and webcast at 10:00 am Eastern Time on Tuesday, May 6, 2025. To participate in the live earning conference call, please use the following dial-in numbers or visit the audio webcast link. To avoid any delays, please join at least fifteen minutes prior to the start of the call.

    • United States: +1 (877) 443-9109
    • International: +1 (412) 317-1082
    • Live Audio Webcast

    A replay of the conference call can be accessed one hour after the end of the conference call through August 6, 2025. The full webcast replay will be available through May 6, 2026. To access the earnings webcast replay please visit the New Mountain Investor Relations website.

    • United States: +1 (877) 344-7529
    • International: +1 (412) 317-0088
    • Access Code: 7848158

    For additional details related to the quarter ended March 31, 2025, please refer to the New Mountain Finance Corporation Quarterly Report on Form 10-Q filed with the SEC and the supplemental investor presentation which can be found on the Company's website at http://www.newmountainfinance.com.

    ____________________________________________
    (1)

    Excludes non-controlling interest in New Mountain Net Lease Corporation ("NMNLC").

    (2)

    Originations exclude payment-in-kind ("PIK"); originations, repayments, and sales excludes revolvers, unfunded commitments, bridges, return of capital, and realized gains / losses.

    (3)

    Excludes the Company's United States Small Business Administration ("SBA") guaranteed debentures.

    (4)

    Dividend yield calculation uses the closing stock price of $9.97 on May 2, 2025 and $12.72 on April 29, 2024 and includes regular dividends for Q1 2025 and regular and supplemental dividends for Q1 2024.

    (5)

    Includes collateral for securities purchased under collateralized agreements to resell.

    (6)

    References to "YTM at Cost" assume the accruing investments, including secured collateralized agreements, in the Company's portfolio as of a certain date, the ‘‘Portfolio Date'', are purchased at cost on that date and held until their respective maturities with no prepayments or losses and are exited at par at maturity. This calculation excludes the impact of existing leverage. YTM at Cost uses the Sterling Overnight Interbank Average Rate ("SONIA"), Euro Interbank Offered Rate ("EURIBOR") and Secured Overnight Financing Rate ("SOFR") curves at each quarter's respective end date. The actual yield to maturity may be higher or lower due to the future selection of SONIA, EURIBOR and SOFR contracts by the individual companies in the Company's portfolio or other factors.

    (7)

    Includes investments held in NMNLC.

    (8)

    Excludes NMFC Senior Loan Program III LLC ("SLP III"), NMFC Senior Loan Program IV LLC ("SLP IV") and NMNLC.

    (9)

    Includes investments classified as structured finance obligations.

    New Mountain Finance Corporation

    Consolidated Statements of Assets and Liabilities

    (in thousands, except shares and per share data)

    (unaudited)

     

    March 31, 2025

     

    December 31, 2024

    Assets

     

     

     

    Investments at fair value

     

     

     

    Non-controlled/non-affiliated investments (cost of $2,276,008 and $2,298,083, respectively)

    $

    2,260,728

     

     

    $

    2,277,352

     

    Non-controlled/affiliated investments (cost of $126,927 and $124,254, respectively)

     

    110,558

     

     

     

    112,776

     

    Controlled investments (cost of $690,008 and $679,587, respectively)

     

    662,925

     

     

     

    700,896

     

    Total investments at fair value (cost of $3,092,943 and $3,101,924, respectively)

     

    3,034,211

     

     

     

    3,091,024

     

    Securities purchased under collateralized agreements to resell (cost of $30,000 and $30,000, respectively)

     

    13,500

     

     

     

    13,500

     

    Cash and cash equivalents

     

    85,496

     

     

     

    80,320

     

    Interest and dividend receivable

     

    41,239

     

     

     

    42,379

     

    Derivative asset at fair value

     

    3,117

     

     

     

    —

     

    Receivable from affiliates

     

    247

     

     

     

    213

     

    Other assets

     

    18,841

     

     

     

    19,265

     

    Total assets

    $

    3,196,651

     

     

    $

    3,246,701

     

    Liabilities

     

     

     

    Borrowings

     

     

     

    Unsecured Notes

    $

    985,227

     

     

    $

    978,503

     

    Holdings Credit Facility

     

    270,563

     

     

     

    294,363

     

    SBA-guaranteed debentures

     

    262,500

     

     

     

    300,000

     

    2022 Convertible Notes

     

    258,846

     

     

     

    260,091

     

    NMFC Credit Facility

     

    29,059

     

     

     

    27,944

     

    Deferred financing costs (net of accumulated amortization of $66,182 and $63,971, respectively)

     

    (23,343

    )

     

     

    (24,191

    )

    Net borrowings

     

    1,782,852

     

     

     

    1,836,710

     

    Interest payable

     

    18,437

     

     

     

    17,109

     

    Payable for unsettled securities purchased

     

    12,022

     

     

     

    —

     

    Payable to broker

     

    10,130

     

     

     

    3,230

     

    Management fee payable

     

    9,945

     

     

     

    10,467

     

    Incentive fee payable

     

    6,714

     

     

     

    8,625

     

    Derivative liability at fair value

     

    3,368

     

     

     

    7,423

     

    Deferred tax liability

     

    1,432

     

     

     

    1,410

     

    Other liabilities

     

    3,573

     

     

     

    2,436

     

    Total liabilities

     

    1,848,473

     

     

     

    1,887,410

     

    Commitments and contingencies

     

     

     

    Net assets

     

     

     

    Preferred stock, par value $0.01 per share, 2,000,000 shares authorized, none issued

     

    —

     

     

     

    —

     

    Common stock, par value $0.01 per share, 200,000,000 shares authorized, and 107,851,415 and 107,851,415 shares issued and outstanding, respectively

     

    1,079

     

     

     

    1,079

     

    Paid in capital in excess of par

     

    1,365,824

     

     

     

    1,365,852

     

    Accumulated undistributed earnings

     

    (24,691

    )

     

     

    (13,592

    )

    Total net assets of New Mountain Finance Corporation

    $

    1,342,212

     

     

    $

    1,353,339

     

    Non-controlling interest in New Mountain Net Lease Corporation

     

    5,966

     

     

     

    5,952

     

    Total net assets

    $

    1,348,178

     

     

    $

    1,359,291

     

    Total liabilities and net assets

    $

    3,196,651

     

     

    $

    3,246,701

     

    Number of shares outstanding

     

    107,851,415

     

     

     

    107,851,415

     

    Net asset value per share of New Mountain Finance Corporation

    $

    12.45

     

     

    $

    12.55

     

    New Mountain Finance Corporation

    Consolidated Statements of Operations

    (in thousands, except shares and per share data)

    (unaudited)

     

    Three Months Ended

     

    March 31, 2025

     

    March 31, 2024

    Investment income

     

     

     

    From non-controlled/non-affiliated investments:

     

     

     

    Interest income (excluding Payment-in-kind ("PIK") interest income)

    $

    52,113

     

     

    $

    56,237

     

    PIK interest income

     

    2,913

     

     

     

    4,683

     

    Dividend income

     

    557

     

     

     

    293

     

    Non-cash dividend income

     

    4,434

     

     

     

    4,684

     

    Other income

     

    1,312

     

     

     

    1,600

     

    From non-controlled/affiliated investments:

     

     

     

    Interest income (excluding PIK interest income)

     

    331

     

     

     

    368

     

    PIK interest income

     

    987

     

     

     

    836

     

    Non-cash dividend income

     

    1,683

     

     

     

    1,244

     

    Other income

     

    63

     

     

     

    63

     

    From controlled investments:

     

     

     

    Interest income (excluding PIK interest income)

     

    1,485

     

     

     

    1,361

     

    PIK interest income

     

    3,688

     

     

     

    4,135

     

    Dividend income

     

    12,198

     

     

     

    12,683

     

    Non-cash dividend income

     

    2,071

     

     

     

    1,496

     

    Other income

     

    1,828

     

     

     

    873

     

    Total investment income

     

    85,663

     

     

     

    90,556

     

    Expenses

     

     

     

    Interest and other financing expenses

     

    31,374

     

     

     

    31,016

     

    Management fee

     

    10,233

     

     

     

    10,997

     

    Incentive fee

     

    8,247

     

     

     

    9,389

     

    Professional fees

     

    1,389

     

     

     

    1,067

     

    Administrative expenses

     

    1,104

     

     

     

    968

     

    Other general and administrative expenses

     

    516

     

     

     

    465

     

    Total expenses

     

    52,863

     

     

     

    53,902

     

    Less: management and incentive fees waived

     

    (1,822

    )

     

     

    (901

    )

    Net expenses

     

    51,041

     

     

     

    53,001

     

    Net investment income before income taxes

     

    34,622

     

     

     

    37,555

     

    Income tax (benefit) expense

     

    (19

    )

     

     

    1

     

    Net investment income

     

    34,641

     

     

     

    37,554

     

    Net realized (losses) gains:

     

     

     

    Non-controlled/non-affiliated investments

     

    (1,074

    )

     

     

    (11,858

    )

    Controlled investments

     

    38,899

     

     

     

    31

     

    Net change in unrealized appreciation (depreciation):

     

     

     

    Non-controlled/non-affiliated investments

     

    4,206

     

     

     

    23,160

     

    Non-controlled/affiliated investments

     

    (4,891

    )

     

     

    (22,463

    )

    Controlled investments

     

    (48,392

    )

     

     

    2,320

     

    Foreign currency

     

    150

     

     

     

    (23

    )

    Provision for taxes

     

    (22

    )

     

     

    (637

    )

    Net realized and unrealized losses

     

    (11,124

    )

     

     

    (9,470

    )

    Net increase in net assets resulting from operations

     

    23,517

     

     

     

    28,084

     

    Less: Net increase in net assets resulting from operations related to non-controlling interest in New Mountain Net Lease Corporation

     

    (104

    )

     

     

    (676

    )

    Net increase in net assets resulting from operations related to New Mountain Finance Corporation

    $

    23,413

     

     

    $

    27,408

     

    Basic earnings per share

    $

    0.22

     

     

    $

    0.26

     

    Weighted average shares of common stock outstanding - basic

     

    107,851,415

     

     

     

    103,660,370

     

    Diluted earnings per share

    $

    0.22

     

     

    $

    0.26

     

    Weighted average shares of common stock outstanding - diluted

     

    126,852,911

     

     

     

    122,443,478

     

    Distributions declared and paid per share

    $

    0.32

     

     

    $

    0.36

     

    ABOUT NEW MOUNTAIN FINANCE CORPORATION

    New Mountain Finance Corporation (NASDAQ:NMFC) is focused on providing direct lending solutions to U.S. upper middle market companies backed by top private equity sponsors. Our investment objective is to generate current income and capital appreciation through the sourcing and origination of senior secured loans and select junior capital positions, to growing businesses in defensive industries that offer attractive risk-adjusted returns. Our differentiated investment approach leverages the deep sector knowledge and operating resources of New Mountain Capital, a global investment firm with over $55 billion of assets under management.

    ABOUT NEW MOUNTAIN CAPITAL

    New Mountain Capital ("NMC") is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, credit and net lease investment strategies with over $55 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information on New Mountain Capital, please visit http://www.newmountaincapital.com.

    FORWARD-LOOKING STATEMENTS

    Statements included herein may contain "forward-looking statements", 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, including changes in base interest rates and significant volatility on our business, portfolio companies, our industry and the global economy. 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, except as may be required by law. All forward-looking statements speak only as of the time of this press release.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250505063235/en/

    New Mountain Finance Corporation

    Investor Relations

    Laura C. Holson, Authorized Representative

    [email protected]

    (212) 220-3505

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      4 - New Mountain Finance Corp (0001496099) (Issuer)

      3/6/25 6:55:29 PM ET
      $NMFC
      Finance/Investors Services
      Finance
    • Director Klinsky Steven B bought $815,622 worth of shares (72,280 units at $11.28) (SEC Form 4)

      4 - New Mountain Finance Corp (0001496099) (Issuer)

      12/19/24 4:21:31 PM ET
      $NMFC
      Finance/Investors Services
      Finance

    $NMFC
    SEC Filings

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    • SEC Form 40-17G filed by New Mountain Finance Corporation

      40-17G - New Mountain Finance Corp (0001496099) (Filer)

      5/23/25 4:29:02 PM ET
      $NMFC
      Finance/Investors Services
      Finance
    • SEC Form 8-K filed by New Mountain Finance Corporation

      8-K - New Mountain Finance Corp (0001496099) (Filer)

      5/20/25 4:31:12 PM ET
      $NMFC
      Finance/Investors Services
      Finance
    • SEC Form 10-Q filed by New Mountain Finance Corporation

      10-Q - New Mountain Finance Corp (0001496099) (Filer)

      5/5/25 4:20:46 PM ET
      $NMFC
      Finance/Investors Services
      Finance

    $NMFC
    Analyst Ratings

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    • B. Riley Securities resumed coverage on New Mountain Finance with a new price target

      B. Riley Securities resumed coverage of New Mountain Finance with a rating of Neutral and set a new price target of $11.00

      5/13/25 10:05:07 AM ET
      $NMFC
      Finance/Investors Services
      Finance
    • New Mountain Finance downgraded by Wells Fargo with a new price target

      Wells Fargo downgraded New Mountain Finance from Overweight to Equal Weight and set a new price target of $11.00 from $13.00 previously

      4/18/23 7:52:17 AM ET
      $NMFC
      Finance/Investors Services
      Finance
    • B. Riley Securities initiated coverage on New Mountain Finance with a new price target

      B. Riley Securities initiated coverage of New Mountain Finance with a rating of Neutral and set a new price target of $11.50

      10/14/22 9:05:57 AM ET
      $NMFC
      Finance/Investors Services
      Finance

    $NMFC
    Press Releases

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    • New Mountain Finance Corporation Schedules its Second Quarter 2025 Earnings Release and Conference Call

      New Mountain Finance Corporation (NASDAQ:NMFC) ("New Mountain" or "the Company") announced today that it will release its financial results for the quarter ended June 30, 2025, on Monday, August 4, 2025, after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Tuesday, August 5, 2025. During the live conference call, the Company's officers will review the second quarter performance, discuss recent events and conduct a question-and-answer session. Second Quarter 2025 Conference Call Information To participate in the live earnings conference call, please use the following dial-in numbers or visit the audio webcast link. To avoid any dela

      7/7/25 4:15:00 PM ET
      $NMFC
      Finance/Investors Services
      Finance
    • New Mountain Finance Corporation Announces Financial Results for the Quarter Ended March 31, 2025

      Reports First Quarter Net Investment Income of $0.32 per Share and Declares a Second Quarter Distribution of $0.32 per Share New Mountain Finance Corporation (NASDAQ:NMFC) ("New Mountain," "New Mountain Finance" or the "Company") today announced its financial results for the quarter ended March 31, 2025. First Quarter and Recent Highlights1 Net investment income of $34.5 million, or $0.32 per weighted average share Net asset value of $12.45 per share compared to $12.55 per share as of December 31, 2024 Sustained strong credit performance with ~96.5% of the portfolio rated green Reduced cost of debt from SOFR + 2.15% to SOFR + 1.95% on our Holdings Credit Facility Increased senio

      5/5/25 4:15:00 PM ET
      $NMFC
      Finance/Investors Services
      Finance
    • New Mountain Finance Corporation Schedules its First Quarter 2025 Earnings Release and Conference Call

      New Mountain Finance Corporation (NASDAQ:NMFC) ("New Mountain" or "the Company") announced today that it will release its financial results for the quarter ended March 31, 2025 on Monday, May 5, 2025 after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Tuesday, May 6, 2025. During the live conference call, the Company's officers will review the first quarter performance, discuss recent events and conduct a question-and-answer session. First Quarter 2025 Conference Call Information To participate in the live earnings conference call, please use the following dial-in numbers or visit the audio webcast link. To avoid any delays, please

      4/7/25 4:15:00 PM ET
      $NMFC
      Finance/Investors Services
      Finance

    $NMFC
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

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    • Director Ogens David bought $113,100 worth of shares (10,000 units at $11.31), increasing direct ownership by 5% to 194,020 units (SEC Form 4)

      4 - New Mountain Finance Corp (0001496099) (Issuer)

      3/10/25 5:21:07 PM ET
      $NMFC
      Finance/Investors Services
      Finance
    • Director Ogens David bought $113,750 worth of shares (10,000 units at $11.38), increasing direct ownership by 6% to 184,020 units (SEC Form 4)

      4 - New Mountain Finance Corp (0001496099) (Issuer)

      3/6/25 6:55:29 PM ET
      $NMFC
      Finance/Investors Services
      Finance
    • Director Klinsky Steven B bought $815,622 worth of shares (72,280 units at $11.28) (SEC Form 4)

      4 - New Mountain Finance Corp (0001496099) (Issuer)

      12/19/24 4:21:31 PM ET
      $NMFC
      Finance/Investors Services
      Finance

    $NMFC
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

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    • Amendment: SEC Form SC 13D/A filed by New Mountain Finance Corporation

      SC 13D/A - New Mountain Finance Corp (0001496099) (Subject)

      11/26/24 5:13:49 PM ET
      $NMFC
      Finance/Investors Services
      Finance
    • Amendment: SEC Form SC 13G/A filed by New Mountain Finance Corporation

      SC 13G/A - New Mountain Finance Corp (0001496099) (Subject)

      11/14/24 9:00:40 AM ET
      $NMFC
      Finance/Investors Services
      Finance
    • Amendment: SEC Form SC 13G/A filed by New Mountain Finance Corporation

      SC 13G/A - New Mountain Finance Corp (0001496099) (Subject)

      11/14/24 9:00:12 AM ET
      $NMFC
      Finance/Investors Services
      Finance

    $NMFC
    Leadership Updates

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    • New Mountain Finance Corporation Appoints Kris Corbett as Chief Financial Officer

      New Mountain Finance Corporation (NASDAQ:NMFC) ("New Mountain"), the publicly traded credit BDC arm of New Mountain Capital, today announced the appointment of Kris Corbett as Chief Financial Officer, effective November 27, 2023. "We are pleased to welcome Kris Corbett to the New Mountain credit team," said John R. Kline, Chief Executive Officer of New Mountain Finance Corporation. "Kris has deep domain experience in the direct lending industry and extensive experience leading high-performing finance teams. We expect him to be a tremendous asset to our growing platform." "I would like to welcome Kris as the next CFO of NMFC and the leader of our overall finance function within our credi

      11/22/23 4:15:00 PM ET
      $NMFC
      Finance/Investors Services
      Finance
    • New Mountain Finance Corporation Extends Share Repurchase Program

      NEW YORK--(BUSINESS WIRE)--New Mountain Finance Corporation (NASDAQ: NMFC) (“NMFC” or “the Company”) today announced that its board of directors has authorized an extension of a program for the purpose of repurchasing up to $50 million worth of its common stock, to be implemented at the discretion of NMFC’s management team. Under the repurchase program, NMFC may, but is not obligated to, repurchase its outstanding common stock in the open market from time to time provided that NMFC complies with the prohibitions under its Code of Ethics and the guidelines specified in Rule 10b-18 of the Securities Exchange Act of 1934, as amended, including certain price, market volume and timing co

      1/4/21 5:00:00 PM ET
      $NMFC
      Finance/Investors Services
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    $NMFC
    Financials

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    • New Mountain Finance Corporation Schedules its Second Quarter 2025 Earnings Release and Conference Call

      New Mountain Finance Corporation (NASDAQ:NMFC) ("New Mountain" or "the Company") announced today that it will release its financial results for the quarter ended June 30, 2025, on Monday, August 4, 2025, after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Tuesday, August 5, 2025. During the live conference call, the Company's officers will review the second quarter performance, discuss recent events and conduct a question-and-answer session. Second Quarter 2025 Conference Call Information To participate in the live earnings conference call, please use the following dial-in numbers or visit the audio webcast link. To avoid any dela

      7/7/25 4:15:00 PM ET
      $NMFC
      Finance/Investors Services
      Finance
    • New Mountain Finance Corporation Announces Financial Results for the Quarter Ended March 31, 2025

      Reports First Quarter Net Investment Income of $0.32 per Share and Declares a Second Quarter Distribution of $0.32 per Share New Mountain Finance Corporation (NASDAQ:NMFC) ("New Mountain," "New Mountain Finance" or the "Company") today announced its financial results for the quarter ended March 31, 2025. First Quarter and Recent Highlights1 Net investment income of $34.5 million, or $0.32 per weighted average share Net asset value of $12.45 per share compared to $12.55 per share as of December 31, 2024 Sustained strong credit performance with ~96.5% of the portfolio rated green Reduced cost of debt from SOFR + 2.15% to SOFR + 1.95% on our Holdings Credit Facility Increased senio

      5/5/25 4:15:00 PM ET
      $NMFC
      Finance/Investors Services
      Finance
    • New Mountain Finance Corporation Schedules its First Quarter 2025 Earnings Release and Conference Call

      New Mountain Finance Corporation (NASDAQ:NMFC) ("New Mountain" or "the Company") announced today that it will release its financial results for the quarter ended March 31, 2025 on Monday, May 5, 2025 after markets close. The Company will host an earnings conference call and webcast at 10:00 am Eastern Time on Tuesday, May 6, 2025. During the live conference call, the Company's officers will review the first quarter performance, discuss recent events and conduct a question-and-answer session. First Quarter 2025 Conference Call Information To participate in the live earnings conference call, please use the following dial-in numbers or visit the audio webcast link. To avoid any delays, please

      4/7/25 4:15:00 PM ET
      $NMFC
      Finance/Investors Services
      Finance