New Mountain Finance Corp. (OQ:NMFC)

Sector:  Financials Industry:  Closed End Funds
See Regulatory Filings on SEC
Company Contact
Address: 1633 Broadway
Tel: 1-212-2203393
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 Hartswell
Chief Compliance Officer, Company Secretary
Business Overview
New Mountain Finance Corporation is a closed-end, non-diversified and externally managed investment company. It is regulated as a business development company (BDC). The Company's investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds, and mezzanine securities. The first lien debt may include traditional first-lien senior secured loans or unitranche loans. Unitranche loans combine characteristics of traditional first-lien senior secured loans as well as second lien and subordinated loans. The Company invests in various sectors, such as software, business services, healthcare services, education, consumer services, distribution and logistics, packaging, insurance services, and specialty chemicals and materials. New Mountain Finance Advisers BDC, L.L.C. is the investment adviser of the Company.
Financial Overview
For the nine months ended 30 September 2023, New Mountain Finance Corp. revenues increased 28% to $281.8M. Net income increased 81% to $108.1M. Revenues reflect Interest income (excluding Payment-in-ki increase of 48% to $189.3M, Interest Income increase of 32% to $11.8M, Non-cash dividend income increase of 28% to $12.9M. Net income benefited from FV/Uls Adjust on Derivatives for Hedging increase from $57M (expense) to $11.7M (income).
Reporting Currency: U.S. Dollars
Enterprise value: $3,109M as of Sep 30, 2023
Annual revenue (TTM): $355.90M as of Sep 30, 2023
EBITDA (TTM): $145.40M as of Sep 30, 2023
Net annual income (TTM): $122.98M as of Sep 30, 2023
Free cash flow (TTM): $114.63M as of Sep 30, 2023
Net Debt Last Fiscal Year: $1,819M as of Sep 30, 2023
Shares outstanding: 101,439,649 as of Nov 2, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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