Financial Performance - As of September 30, 2024, the net asset value was approximately $1,361.3 million, with a portfolio fair value of approximately $3,265.3 million across 127 portfolio companies[252]. - Total investment income for the three months ended September 30, 2024, was approximately $95.3 million, a slight increase of 1% compared to $94.3 million for the same period in 2023[276]. - Total investment income for the nine months ended September 30, 2024, was approximately $280.5 million, a slight decrease from $281.8 million in the same period of 2023[281]. - The company reported net realized losses of $531,000 for the three months ended September 30, 2024, compared to net realized gains of $4.7 million for the same period in 2023[279]. - Net realized losses on investments for the nine months ended September 30, 2024, were $43.5 million, compared to net realized gains of $7.9 million in the same period of 2023[283]. - The company experienced a net loss of approximately $11.5 million for the three months ended September 30, 2024, compared to a net loss of approximately $12.0 million for the same period in 2023[279]. - The net change in unrealized appreciation of investments was $21.8 million for the nine months ended September 30, 2024, contrasting with a depreciation of $18.3 million in 2023[283]. - Total operating expenses increased by approximately $6.3 million to $168.7 million for the nine months ended September 30, 2024, compared to $162.4 million in 2023[282]. Investment Strategy and Portfolio - The company focuses on providing direct lending solutions to U.S. upper middle market companies, particularly in defensive growth sectors[252]. - The investment strategy includes significant investments in unitranche loans, which combine senior and subordinated debt[252]. - As of September 30, 2024, SLP III had total investments with an aggregate fair value of approximately $680.7 million, an increase from $636.6 million as of December 31, 2023, representing a growth of 6.5%[261]. - SLP IV had total investments with an aggregate fair value of approximately $466.3 million as of September 30, 2024, slightly down from $467.9 million as of December 31, 2023[264]. - The top five industry concentrations as of September 30, 2024, were software, business services, healthcare, investment funds, and consumer services[252]. - New investments totaled $777.2 million in 67 portfolio companies for the nine months ended September 30, 2024, compared to $140.5 million in 32 portfolio companies for the same period in 2023[275]. Debt and Financing - SLP III's debt outstanding under its credit facility increased to $473.2 million as of September 30, 2024, compared to $453.2 million as of December 31, 2023, reflecting a rise of 4.2%[261]. - The debt outstanding under SLP IV's credit facility increased to $341.9 million as of September 30, 2024, compared to $306.5 million as of December 31, 2023, marking an increase of 11.5%[264]. - Interest and other financing expenses increased to $37.66 million for the three months ended September 30, 2024, compared to $31.43 million for the same period in 2023[278]. - Interest and other financing expenses rose by approximately $7.9 million to $101.8 million for the nine months ended September 30, 2024, due to higher borrowing costs[282]. Distributions and Shareholder Returns - A fourth quarter 2024 distribution of $0.32 per share and a supplemental distribution of $0.01 per share were declared, payable on December 31, 2024[254]. - Distributions declared and paid to stockholders for the nine months ended September 30, 2024, totaled approximately $111.6 million[293]. - The company intends to distribute approximately all of its net investment income on a quarterly basis and substantially all of its taxable income on an annual basis[293]. Regulatory and Compliance - The company is regulated as a business development company (BDC) under the Investment Company Act of 1940[248]. - The company has established several wholly-owned subsidiaries to facilitate compliance with regulatory requirements and manage investments[250]. - The company has adopted a formal code of ethics governing the conduct of its officers and directors[296]. - As of September 30, 2024, the company evaluated the effectiveness of its disclosure controls and procedures, concluding they were effective in ensuring timely and accurate reporting[303]. - No changes in internal controls over financial reporting were identified during the quarter ended September 30, 2024, that materially affected the internal control[304]. Market Conditions and Economic Factors - The Federal Reserve cut its benchmark rate in Q3 2024 for the first time since March 2020, indicating possible future rate cuts[299]. - The company’s net investment income is affected by interest rate fluctuations, with potential changes in interest income estimated based on varying interest rate scenarios[299]. - The company reported a change in interest income net of interest expense, with a decrease of 14.16% for a -200 basis points change in interest rates[300]. Cash and Liquidity - As of September 30, 2024, the company had cash and cash equivalents of approximately $61.9 million, down from $70.1 million as of December 31, 2023[287]. - Outstanding commitments to fund investments totaled $277.4 million as of September 30, 2024, compared to $156.8 million as of December 31, 2023[288]. - Total contractual obligations amounted to $2,015.5 million as of September 30, 2024, with $106.7 million due in less than one year[290]. - The company raised approximately $1,034.6 million in net proceeds from additional offerings of common stock since its IPO through September 30, 2024[286]. - The company sold 5,292,556 shares of common stock under the Distribution Agreement for total net proceeds of approximately $67.7 million during the nine months ended September 30, 2024[287]. Investment Valuation - The fair value of collateralized agreements to resell was $13.5 million as of September 30, 2024, down from $16.5 million on December 31, 2023[268]. - The fair value of the SPP Agreement was $6.5 million as of September 30, 2024, compared to $8.0 million on December 31, 2023[269]. - The total square footage of properties in NMNLC's portfolio was 1,058,000 square feet, with a fair value of $124,880,000 as of September 30, 2024[267]. - The aggregate cost basis of the investment in National HME was $7.9 million with a fair value of $3.0 million as of September 30, 2024[273]. - The investment in American Achievement Corporation had an aggregate cost basis of $31.4 million and a fair value of $18.0 million as of September 30, 2024[273]. - The investment in UniTek had a total cost basis of $54.2 million (junior and senior preferred shares combined) with a fair value of approximately $2.4 million as of September 30, 2024[273].

New Mountain Finance Corporation Announces Financial Results for the Quarter Ended September 30, 2024 1 Reports Adjusted Net Investment Income of $0.34 per Share Declares a Regular Fourth Quarter Distribution of $0.32 per Share and a Supplemental Distribution of $0.01 per Share NEW YORK--(BUSINESS WIRE) — October 30, 2024 -- New Mountain Finance Corporation (NASDAQ: NMFC) ("New Mountain," "New Mountain Finance" or the "Company") today announced its financial results for the quarter ended September 30, 2024. ...

Henrik Sorensen New Mountain Finance (NASDAQ:NMFC) is a well-managed business development company that covered its $0.32 per share base dividend with adjusted net investment income in the second quarter. In addition, the business development company paid a $0.02 per share supplemental dividend, which translated into a 94% total dividend pay-out ratio. Furthermore, New Mountain Finance announced that it would lower its base management fee from 1.40% to 1.25% which should yield a higher margin of safety movin ...

New Mountain Finance Corporation (NASDAQ:NMFC) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants John Kline - President, CEO & Director Kris Corbett - CFO & Treasurer Steven Klinsky - Chairman Laura Holson - COO Conference Call Participants Finian O'Shea - Wells Fargo Bryce Rowe - B. Riley Securities Robert Dodd - Raymond James Paul Johnston - KBW Operator Good day, and welcome to the New Mountain Finance Corporation Second Quarter 2024 Earnings Call. [Operator Instructions]. ...

New Mountain Finance (NMFC) came out with quarterly earnings of $0.36 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this business development company would post earnings of $0.39 per share when it actually produced earnings of $0.36, delivering a surprise of -7.69%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Ne ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2024 o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 registrant as specified in its charter, address of principal executive and states or other jurisdictions of incorporation or organization New Mountain Finance Corporation 1633 Broadway, 48th Floor New Yor ...

New Mountain Finance Corporation Announces Financial Results for the Quarter Ended June 30, 2024 Reports Net Investment Income of $0.36 per Share Declares a Regular Third Quarter Distribution of $0.32 per Share and a Supplemental Distribution of $0.02 per Share NEW YORK--(BUSINESS WIRE) — July 31, 2024 -- New Mountain Finance Corporation (NASDAQ: NMFC) ("New Mountain," "New Mountain Finance" or the "Company") today announced its financial results for the quarter ended June 30, 2024. Second Quarter Highlight ...

New Mountain Finance (NMFC) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on July 31, 2024, might help the stock move higher if these key numbers are better th ...

New Mountain Finance (NASDAQ:NMFC) Q1 2024 Results Conference Call May 2, 2024 10:00 AM ET Company Participants John Kline - President and CEO Kris Corbett - CFO and Treasurer Steve Klinsky - Chairman, NMFC and CEO, New Mountain Capital Conference Call Participants Bryce Rowe - B. Riley Finian O’Shea - Wells Fargo Erik Zwick - Hovde Group Operator Good day, and welcome to the New Mountain Finance Corporation First Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator ...

New Mountain Finance (NMFC) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.69%. A quarter ago, it was expected that this business development company would post earnings of $0.39 per share when it actually produced earnings of $0.40, delivering a surprise of 2.56%.Over the last fo ...