New Mountain Finance Corp
For the period ended Sep 30, 2025. Filed Nov 3, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 3, 2025
NMFC$6.88-0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
Consolidated Statements of Assets and Liabilities
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Investments at fair value | ||
| Non-controlled/non-affiliated investments (cost of $2,224,517 and $2,298,083, respectively) | $2,173,373 | $2,277,352 |
| Non-controlled/affiliated investments (cost of $129,720 and $124,254, respectively) | 94,686 | 112,776 |
| Controlled investments (cost of $708,084 and $679,587, respectively) | 675,560 | 700,896 |
| Total investments at fair value (cost of $3,062,321 and $3,101,924, respectively) | 2,943,619 | 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 | 63,684 | 80,320 |
| Interest and dividend receivable | 44,169 | 42,379 |
| Derivative asset at fair value | 5,834 | — |
| Receivable from affiliates | 334 | 213 |
| Other assets | 17,769 | 19,265 |
| Total assets | $3,088,909 | $3,246,701 |
| Liabilities | ||
| Borrowings | ||
| Unsecured Notes | $990,999 | $978,503 |
| Holdings Credit Facility | 308,063 | 294,363 |
| 2022 Convertible Notes | 258,782 | 260,091 |
| SBA-guaranteed debentures | 196,205 | 300,000 |
| NMFC Credit Facility | 31,032 | 27,944 |
| Deferred financing costs (net of accumulated amortization of $48,017 and $63,971, respectively) | (19,698) | (24,191) |
| Net borrowings | 1,765,383 | 1,836,710 |
| Interest payable | 18,072 | 17,109 |
| Payable to broker | 13,460 | 3,230 |
| Payable for unsettled securities purchased | 10,412 | — |
| Management fee payable | 9,619 | 10,467 |
| Incentive fee payable | 2,801 | 8,625 |
| Deferred tax liability | 1,478 | 1,410 |
| Derivative liability at fair value | 821 | 7,423 |
| Other liabilities | 4,197 | 2,436 |
| Total liabilities | 1,826,243 | 1,887,410 |
| Commitments and contingencies (See Note 9) | ||
| 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, 107,851,929 and 107,851,415 shares issued, respectively, and 104,189,336 and 107,851,415 shares outstanding, respectively | 1,079 | 1,079 |
| Paid in capital in excess of par | 1,365,849 | 1,365,852 |
| Treasury stock at cost, 3,662,593 and 0 shares held, respectively | (37,253) | — |
| Accumulated undistributed earnings | (73,049) | (13,592) |
| Total net assets of New Mountain Finance Corporation | $1,256,626 | $1,353,339 |
| Non-controlling interest in New Mountain Net Lease Corporation | 6,040 | 5,952 |
| Total net assets | $1,262,666 | $1,359,291 |
| Total liabilities and net assets | $3,088,909 | $3,246,701 |
| Number of shares outstanding | 104,189,336 | 107,851,415 |
| Net asset value per share of New Mountain Finance Corporation | $12.06 | $12.55 |
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