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 787 SEVENTH AVENUE, 48TH FLOOR NEW YORK NY 10019 |
| Tel: | 1-212-2203505 |
| 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 |
| Shiraz Y. Kajee 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, 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 fiscal year ended 31 December 2022, New Mountain Finance Corp. revenues increased 9% to $294.6M. Net income decreased 63% to $74.7M. Revenues reflect Interest income (excluding Payment-in-ki increase of 16% to $184.4M, Interest income increase of 73% to $9.4M, Non-cash dividend income increase of 39% to $14.1M. Net income was offset by Realized G/L on Investments Securities decrease from $66.5M (income) to $9.2M (expense). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $3,161M as of Dec 31, 2022 |
| Annual revenue (TTM): | $294.63M as of Dec 31, 2022 |
| EBITDA (TTM): | $120.43M as of Dec 31, 2022 |
| Net annual income (TTM): | $74.73M as of Dec 31, 2022 |
| Free cash flow (TTM): | -$86.28M as of Dec 31, 2022 |
| Net Debt Last Fiscal Year: | $1,927M as of Dec 31, 2022 |
| Shares outstanding: | 100,937,026 as of Feb 27, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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