New Mountain Finance Corp. (OQ:NMFC)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1633 BROADWAY, 48TH FLOOR NEW YORK NY 10019 |
| Tel: | 1-212-2203393 |
| Website: | www.newmountainfinance.com |
| IR: | See website |
| Key People | ||
| Steven B. Klinsky Chairman of the Board | John R. Kline President, Chief Executive Officer, Director | Robert A. Hamwee Vice Chairman of the Board |
| Kris Corbett Chief Financial Officer, Treasurer | Laura C. Holson Chief Operating Officer | Adam B. Weinstein Executive Vice President, Chief Administrative Officer, Director | Joseph W. Hartswell Chief Compliance Officer, Corporate Secretary |
| Business Overview |
| New Mountain Finance Corporation is a business development company focused on providing direct lending solutions to United States middle market companies backed by private equity sponsors. Its 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. It makes investments through both primary originations and open-market secondary purchases. It invests a significant portion of its portfolio in unitranche loans, which are loans that combine both senior and subordinated debt, generally in a first lien position. The Company invests in various sectors, such as software, business services, healthcare, education, consumer services, distribution and logistics, packaging, financial services, and others. New Mountain Finance Advisers BDC, L.L.C. is the investment adviser of the Company. |
| Financial Overview |
| For the nine months ended 30 September 2024, New Mountain Finance Corp. revenues decreased less than 1% to $280.5M. Net income decreased 21% to $85.8M. Revenues reflect Other income- non-affiliated increase of 87% to $6.3M, Dividend income-controlled invstmnt increase of 8% to $36.8M, Dividend income- non-affiliated increase from $143K to $2.8M, also reflect Interest income (excluding Payment-in-ki decrease of 7% to $175.6M. |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $3,192M as of Sep 30, 2024 |
| Annual revenue (TTM): | $373.51M as of Sep 30, 2024 |
| EBITDA (TTM): | $152.66M as of Sep 30, 2024 |
| Net annual income (TTM): | $113.01M as of Sep 30, 2024 |
| Free cash flow (TTM): | -$185.87M as of Sep 30, 2024 |
| Net Debt Last Fiscal Year: | $1,957M as of Sep 30, 2024 |
| Shares outstanding: | 107,851,415 as of Sep 30, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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