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Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Investments at fair value $ 3,091,024 $ 3,011,322
Securities purchased under collateralized agreements to resell (cost of $30,000 and $30,000, respectively) 13,500 16,500
Cash and cash equivalents 80,320 70,090
Interest and dividend receivable 42,379 44,107
Deferred tax asset 0 594
Other assets 19,265 16,519
Total assets 3,246,701 3,159,214
Borrowings    
Unsecured Notes 978,503 506,500
SBA-guaranteed debentures 300,000 300,000
Convertible Notes 260,091 260,207
Deferred financing costs (net of accumulated amortization of $63,971 and $54,263, respectively) (24,191) (22,387)
Net borrowings 1,836,710 1,785,449
Interest payable 17,109 20,440
Management fee payable 10,467 10,116
Incentive fee payable 8,625 8,555
Derivative liability at fair value 7,423 0
Payable to broker 3,230 0
Deferred tax liability 1,410 0
Total liabilities 1,887,410 1,827,491
Commitments and contingencies (See Note 9)
Net assets    
Preferred stock, par value $0.01 per share, 2,000,000 shares authorized, none issued 0 0
Common stock, par value $0.01 per share, 200,000,000 shares authorized and 107,851,415 and 102,558,859 shares issued and outstanding, respectively 1,079 1,026
Paid in capital in excess of par 1,365,852 1,331,269
Accumulated undistributed earnings (13,592) (12,344)
Total net assets of New Mountain Finance Corporation 1,353,339 1,319,951
Non-controlling interest in New Mountain Net Lease Corporation 5,952 11,772
Total net assets 1,359,291 1,331,723
Total liabilities and net assets $ 3,246,701 $ 3,159,214
Number of shares outstanding (in shares) 107,851,415 102,558,859
Net asset value per share of New Mountain Finance Corporation (in dollars per share) $ 12.55 $ 12.87
Affiliated entity    
Assets    
Receivable from affiliates $ 213 $ 82
Nonrelated Party    
Borrowings    
Other liabilities 2,436 2,931
Holdings Credit Facility    
Borrowings    
Credit facility 294,363 515,063
NMFC Credit Facility    
Borrowings    
Credit facility 27,944 36,813
DB Credit Facility    
Borrowings    
Credit facility 0 186,400
NMNLC Credit Facility II    
Borrowings    
Credit facility 0 2,853
Non-controlled/Non-affiliated    
Assets    
Investments at fair value 2,277,352 2,209,867
Non-controlled/Affiliated    
Assets    
Investments at fair value 112,776 133,659
Controlled    
Assets    
Investments at fair value $ 700,896 $ 667,796