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Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Investments at fair value $ 3,034,211 $ 3,091,024
Securities purchased under collateralized agreements to resell (cost of $30,000 and $30,000, respectively) 13,500 13,500
Cash and cash equivalents 85,496 80,320
Interest and dividend receivable 41,239 42,379
Derivative asset at fair value 3,117 0
Other assets 18,841 19,265
Total assets 3,196,651 3,246,701
Borrowings    
Unsecured Notes 985,227 978,503
SBA-guaranteed debentures 262,500 300,000
2022 Convertible Notes 258,846 260,091
Deferred financing costs (net of accumulated amortization of $66,182 and $63,971, respectively) (23,343) (24,191)
Net borrowings 1,782,852 1,836,710
Interest payable 18,437 17,109
Payable for unsettled securities purchased 12,022 0
Payable to broker 10,130 3,230
Management fee payable 9,945 10,467
Incentive fee payable 6,714 8,625
Derivative liability at fair value 3,368 7,423
Deferred tax liability 1,432 1,410
Total liabilities 1,848,473 1,887,410
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 107,851,415 shares issued and outstanding, respectively 1,079 1,079
Paid in capital in excess of par 1,365,824 1,365,852
Accumulated undistributed earnings (24,691) (13,592)
Total net assets of New Mountain Finance Corporation 1,342,212 1,353,339
Non-controlling interest in New Mountain Net Lease Corporation 5,966 5,952
Total net assets 1,348,178 1,359,291
Total liabilities and net assets $ 3,196,651 $ 3,246,701
Number of shares outstanding (in shares) 107,851,415 107,851,415
Net asset value per share of New Mountain Finance Corporation (in dollars per share) $ 12.45 $ 12.55
Holdings Credit Facility    
Borrowings    
Credit facility $ 270,563 $ 294,363
NMFC Credit Facility    
Borrowings    
Credit facility 29,059 27,944
Affiliates    
Assets    
Receivable from affiliates 247 213
Nonrelated parties    
Borrowings    
Other liabilities 3,573 2,436
Non-controlled/Non-affiliated    
Assets    
Investments at fair value 2,260,728 2,277,352
Non-controlled/Affiliated    
Assets    
Investments at fair value 110,558 112,776
Controlled    
Assets    
Investments at fair value $ 662,925 $ 700,896