New Mountain Finance Corp. (OQ:NMFC)

Sector:  Financials Industry:  Closed End Funds
See Regulatory Filings on SEC
Company Contact
Address: 1633 Broadway
Tel: 1-212-2203505
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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