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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 YORK--(BUSINESS WIRE)-- New
About this update from New Mountain Finance Corporation
[{"type":"text","content":"\nReports First Quarter Net Investment Income of $0.32 per Share and Declares a Second Quarter Distribution of $0.32 per Share\n\n NEW YORK--(BUSINESS WIRE)--\nNew 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.\n\nFirst Quarter and Recent Highlights1\n\n\nNet investment income of $34.5 million, or $0.32 per weighted average share\n\n\nNet asset value of $12.45 per share compared to $12.55 per share as of December 31, 2024\n\n\nSustained strong credit performance with ~96.5% of the portfolio rated green\n\n\nReduced cost of debt from SOFR + 2.15% to SOFR + 1.95% on our Holdings Credit Facility\n\n\nIncreased senior oriented asset mix to 77%, compared to 75% as of December 31, 2024\n\n\nDeclared a second quarter 2025 distribution of $0.32 per share, payable on June 30, 2025, to holders of record as of June 16, 2025\n\n\n\n\n($ in millions, except per share data)\n\n\n\n \n\n\n\nQ1 2025\n\n\n\n \n\n\n\nQ1 2024\n\n\n\n\n\nNet Investment Income per Weighted Average Share\n\n\n\n \n\n\n\n$\n\n\n\n0.32\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.36\n\n\n\n \n\n\n\n\n\nRegular & Supplemental Dividends Paid per Share in Quarter\n\n\n\n \n\n\n\n$\n\n\n\n0.32\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.36\n\n\n\n \n\n\n\n\n\nAnnualized Dividend Yield4\n\n\n\n \n\n\n\n \n\n\n\n12.8\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n10.7\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n \n\n\n\nMarch 31, 2025\n\n\n\n \n\n\n\nDecember 31, 2024\n\n\n\n\n\nInvestment Portfolio5\n\n\n\n \n\n\n\n$\n\n\n\n3,047.7\n\n\n\n \n\n\n\n$\n\n\n\n3,104.5\n\n\n\n\n\nNAV per Share\n\n\n\n \n\n\n\n$\n\n\n\n12.45\n\n\n\n \n\n\n\n$\n\n\n\n12.55\n\n\n\n\n\nStatutory Debt/Equity3\n\n\n\n \n\n\n\n1.15x\n\n\n\n \n\n\n\n1.15x\n\n\n\n\n\nStatutory Debt/Equity (Net of Available Cash)3\n\n\n\n \n\n\n\n1.09x\n\n\n\n \n\n\n\n1.11x\n\n\n\n\nManagement Comments on First Quarter Performance\n\n“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.”\n\nJohn R. Kline, NMFC CEO, added: “NMFC maintained strong credi...