Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________________________ FORM 10-K ý Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Exact name of registrant as specified in its charter, addresses of principal executive offices, telephone nu ...

Financial Data and Key Metrics Changes - The net asset value per share decreased slightly to $13.06, an $0.08 decline compared to the last quarter, indicating stable credit performance across the portfolio [7][60] - Adjusted net investment income for Q3 was $0.40 per share, exceeding the regular dividend of $0.32 per share [18][36] - Total investment income for the quarter was $94.1 million, a 20% increase over the prior year, while total net expenses were approximately $53.7 million, an 18% increase [36] Business Line Data and Key Metrics Changes - The average yield of the portfolio increased from 11.6% in Q2 to 11.8% in Q3, primarily due to the higher base rate environment [32] - The net lease portfolio, although only 4% of the total portfolio, continues to perform strongly with a weighted average cash yield of approximately 11% [31] Market Data and Key Metrics Changes - The portfolio had approximately $3.1 billion in investments at fair value, with total assets of $3.3 billion and total liabilities of $2 billion [60] - The weighted average EBITDA of borrowers has increased to $147 million over the last several quarters, indicating a positive trend in borrower performance [58] Company Strategy and Development Direction - The company focuses on defensive growth sectors such as software, healthcare, and business services, which are expected to perform well in uncertain economic times [19][47] - The strategy has been consistent over 12 years, allowing the company to operate confidently in various economic environments [47] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the long-term value proposition and prospects for recovery in first lien positions despite short-term operational headwinds [13] - The outlook for the sponsor-backed direct lending market is positive, with expectations for continued strong credit performance and elevated base rates [54] Other Important Information - The company has returned over $1.1 billion to shareholders through its dividend program since its IPO in 2011, generating an annualized return of approximately 10% [12] - Senior management and employee share ownership has risen over time, with management now owning approximately 13% of total shares [10] Q&A Session Summary Question: Can you expand on the adviser revolver upsize post quarter? - The management company revolver was upsized from $50 million to $100 million and extended to December 2027, signaling support for liquidity [67][68] Question: Will the trend of balance sheet leverage working lower continue? - The company aims to operate within a leverage range of 1 to 1.25 times and is focused on moving towards the middle of that range due to the current macro environment [77][78] Question: What drove the markdown for Edmentum this quarter? - The markdown was consistent with the overall M&A environment where valuations have come down, reflecting the need to fair value all positions [82] Question: Is the income from joint ventures expected to remain stable? - The income from joint ventures has been growing, and the current run rate is expected to be stable, with no significant one-time items anticipated [83]

NEW MOUNTAIN FINANCE Important Notices and Safe Harbor Statement Past performance is not indicative nor a guarantee of future returns, the realization of which is dependent on many factors, many of which are beyond the control of NMFC. There can be no assurances that future dividends will match or exceed historic ones, or that they will be made at all. Net returns give effect to all fees and expenses. Unless otherwise noted, information included herein is presented as of the date indicated on the cover page ...

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 September 30, 2023 o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | Commission File Number | Exact name of registrant as specified in its charter, address of principal executive offices, telephone numbers and states or other jurisdictions of incorporation or organi ...

New Mountain Finance Corporation (NASDAQ:NMFC) Q2 2023 Earnings Conference Call August 8, 2023 12:00 PM ET Company Participants John Kline - President and Chief Executive Officer Laura Holson - Chief Operating Officer, Chief Financial Officer, and Treasurer Steve Klinsky - Chairman Conference Call Participants Bryce Rowe - B. Riley Securities Ryan Lynch - Keefe Bruyette & Woods Operator Hello and welcome to the New Mountain Finance Corporation’s Second Quarter 2023 Earnings Call. All participants will be in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | Commission File Number | Exact name of registrant as specified in its charter, address of principal executive offices, telephone numbers and states or other jurisdictions of incorporation or organization | I.R.S. Employer Identification Number | | --- | --- | --- | | 814-00832 | New Mountain Finance Corporation | 27-2978010 | | | 1633 Broadway, 48th Floor | | | | New ...

New Mountain Finance Corporation (NASDAQ:NMFC) Q1 2023 Earnings Conference Call May 9, 2023 10:00 AM ET Company Participants John Kline - President and CEO Steve Klinsky - Chairman, NMFC and CEO, New Mountain Capital Robert Hamwee - Vice Chairman Laura Holson - Chief Operating Officer and Interim CFO Conference Call Participants Ryan Lynch - KBW Erik Zwick - Hovde Group Bryce Rowe - B. Riley Operator Good day. And welcome to the New Mountain Finance Corporation First Quarter 2023 Earnings Call. All particip ...

Important Notices and Safe Harbor Statement NEW MOUNTAIN FINANCE | --- | --- | |-----------------------|-------| | | | | | | | | | | Earnings Presentation | | This presentation contains forward looking statements, which are not guarantees of future performance, conditions or results, and involve substantial risks and uncertainties, including the impact of COVID-19, the current conflict between Russia and Ukraine, and related changes in base interest rates and significant volatility on our business, portfoli ...

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 March 31, 2023 o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | Commission File Number | Exact name of registrant as specified in its charter, address of principal executive offices, telephone numbers and states or other jurisdictions of incorporation or organizati ...

– Current annualized dividend yield of 10%(1) – Residual excess earnings will accrue to book value or be paid out as one-time special dividends Key Highlights 1 Includes members of senior management and other New Mountain employees; excludes independent directors; ownership % based on total shares outstanding at the end of the respective period 2 Based on NMFC's closing price of $13.70, $13.85, $11.91, $11.53, and $12.37 per share on 12/31/2021, 3/31/2022, 6/30/2022, 9/30/2022, and 12/31/2022 respectively 3 ...