Highest-materiality recent filing
NMFC Q2 adjusted NII $0.26/share; declares $0.25 Q3 dividend
Adjusted net investment income $24.7M ($0.26/share) vs $0.32 in Q2 2025.
New Mountain Finance issues $150M in senior notes across three tranches
$40M Tranche A at 7.28% due 2028; $35M Tranche B at 7.76% due 2031; $75M Tranche C floating at SOFR+3.66% due 2031.
New Mountain Finance prices $150M private offering of senior notes in three tranches
Priced $40M of 7.28% Series 2026A Senior Fixed Rate Notes, Tranche A, due 2028.
NMFC stockholders elect three directors and ratify Deloitte as auditor at 2026 annual meeting
Stockholders elected Rome G. Arnold III, Daniel B. Hébert, and Steven B. Klinsky as directors for three-year terms ending 2029.
NMFC Q1 net loss $0.51/sh, cuts dividend to $0.25, interim CFO named
Adjusted net investment income $0.32 per share; GAAP net loss $0.51 per share (vs $0.22 earnings prior year).
CFO Kris Corbett resigns; effective upon transition by May 29, 2026
Kris Corbett resigns as CFO and Treasurer; effective upon completion of transition expected by May 29, 2026.
Sold $468M of investments at 94% of Dec 31, 2025 fair value to Eagle Credit entities, covering 15 portfolio companies.
NMFC Q4 NII $0.32/share, cuts dividend to $0.25 starting Q2 2026
NII of $33.0M ($0.32/share) covers Q1 2026 dividend of $0.32, but dividend reduced to $0.25/share from Q2 2026.
Alfred F. Hurley, Jr. retired from the Board effective Jan 15, 2026; he served since 2010 and his retirement was not due to any disagreement.
NMFC Q3 NII $0.32/share, NAV down to $12.06; new $100M buyback and up to $500M asset sale explored
Q3 net investment income $33.9M ($0.32/share), covering declared $0.32 quarterly distribution.
NMFC authorizes $100M stock repurchase program; extends credit facility to 2030
Board authorized new $100M stock repurchase program through Dec 2026 or until exhausted; prior program repurchased $50M.
NMFC Q2 NII per share falls to $0.32; NAV declines to $12.21 from $12.45
Net investment income of $34.5M ($0.32/share) vs $0.36/share a year ago; dividend held at $0.32/share.
NMFC reports annual meeting results: directors elected, auditor ratified
Stockholders elected Barbara Daniel, Robert A. Hamwee, and Alfred F. Hurley Jr. as directors for terms expiring 2028.
NMFC Q1 NII of $0.32/sh, NAV $12.45; declares $0.32 dividend
Net investment income $34.5M ($0.32/sh) vs $0.36/sh in Q1 2024.
NMFC amends credit facility; extends maturity to 2030, reduces spread to 1.95%
Revolving Period End Date extended from Oct 26, 2026 to March 28, 2028.
NMFC Q4 NII $0.32/share, NAV $12.55, declares $0.32 distribution
Q4 2024 net investment income of $34.5M, or $0.32 per share (vs. $0.40 in Q4 2023).
NMFC reduces base management fee from 1.40% to 1.25% of gross assets
Base management fee cut from 1.40% to 1.25% of gross assets, effective Jan 29, 2025.
NMFC Q3 adjusted NII $0.34/share; NAV dips to $12.62; declares $0.33/sh distribution
Adjusted NII $36.7M ($0.34/sh) vs $0.40/sh in Q3 2023; GAAP NII $0.33/sh.
New Mountain Finance extends stock repurchase program through Dec 2025; up to $50M authorized
Board extended repurchase program expiry from Dec 31, 2024 to Dec 31, 2025.
NMFC amends credit facility, alters non-usage fee calculation under Holdings Credit Facility
Twelfth Amendment to Loan and Security Agreement modifies Non-Usage Fee Rate calculation under Holdings Credit Facility.
NMFC amends credit facility: total commitments $638.5M, maturity extended to Sept 2029
Entered Second Amended and Restated Revolving Credit Agreement on Sept 30, 2024.
New Mountain Finance issues $300M 6.200% Notes due 2027 to repay credit facilities
Issued $300M aggregate principal amount of 6.200% Notes due October 15, 2027.
New Mountain Finance adds Citizens JMP Securities as ATM distribution agent
On August 1, 2024, NMFC added Citizens JMP Securities as a distribution agent under its existing at-the-market (ATM) offering program.
NMFC Q2 NII $0.36/share; NAV $12.74; plans permanent mgmt fee cut to 1.25%
Net investment income of $38.2M ($0.36/share); NAV per share $12.74 vs $12.77 prior quarter.
New Mountain Finance amends SLP III credit facility: size to $600M, maturity to 2029
Entered Amendment No. 7 to SLP III Credit Facility on July 3, 2024.
NMFC increases ATM program capacity from $250M to $400M; $258M remains available
Third Amendment to Equity Distribution Agreement increases maximum offering from $250M to $400M.
Entered into Amendment No. 2 to its senior secured revolving credit facility on June 5, 2024.
NMFC annual meeting: three directors elected, Deloitte ratified as auditor
Stockholders elected John R. Kline, David Ogens, and Adam B. Weinstein as directors for three-year terms.
NMFC Q1 2024 NII $0.36/share, NAV $12.77; declares $0.32 regular + $0.02 supplemental dividend
Net investment income $37.3M ($0.36/share) vs $38.4M ($0.38) YoY; total investment income $90.6M.
New Mountain Finance amends credit facility to modify non-usage fee calculation
Tenth Amendment entered April 10, 2024 amends Holdings Credit Facility (Wells Fargo agent).
NMFC Q4 NII $0.40/sh; declares $0.32 regular + $0.04 supplemental dividend; NAV $12.87
Q4 NII $0.40/sh vs $0.25/sh (adj $0.35) ago; total inv income $92.8M vs $73.9M.
New Mountain Finance Corp. amends credit facility to alter non-usage fee calculation
Entered Ninth Amendment to Loan and Security Agreement on February 2, 2024.
New Mountain Finance issues $300M of 6.875% notes due 2029 to repay existing debt
Issued $300M aggregate principal of 6.875% Notes due Feb 1, 2029; interest payable semi-annually Feb 1/Aug 1 starting Aug 1, 2024.
New Mountain Finance issues $300M 6.875% Notes due 2029
Issued $300 million aggregate principal of 6.875% senior unsecured notes maturing 2029.
NMFC provides preliminary Q4 2023 NII of $0.39-$0.40/share, NAV $12.85-$12.90
Preliminary net investment income per share: $0.39-$0.40 on 101.6M weighted shares.
NMFC declares $0.10/share special distribution; extends $50M buyback through Dec 2024
Special distribution of $0.10 per share payable Dec 29, 2023 to holders of record Dec 22, 2023.
New Mountain Finance appoints Kris Corbett as CFO effective Nov 27, replacing interim CFO Holson
Kris Corbett named CFO and Treasurer, effective November 27, 2023.
New Mountain Finance Corp issues $115M 8.250% Notes due 2028
Issued $115M aggregate principal of 8.250% Notes due November 15, 2028.
New Mountain Finance issues $115M of 8.250% Notes due 2028
Offering of $115M aggregate principal amount of 8.250% Notes due 2028.
NMFC Q3 NII $0.40/share (+25% YoY); declares Q4 regular $0.32 + supplemental $0.04
Net investment income of $40.4M ($0.40 per share), up 25% from $0.32 in Q3 2022.
New Mountain Finance extends credit facility maturity to October 2028
Eighth Amendment extends Holdings Credit Facility maturity from April 20, 2026 to October 26, 2028.
New Mountain Finance extends mgmt fee waiver to 1.25% through Dec 2024
Adviser extends reduced base management fee of 1.25% of gross assets (vs. standard 1.4%) through quarter ending Dec 31, 2024.
NMFC Q2 NII $0.39/share (+26% YoY); NAV stable at $13.14; declares $0.36 dividend
NII per share $0.39, up 26% YoY from $0.31; net investment income $39.7M.
NMFC amends DB and NMFC credit facilities; SOFR replaces LIBOR; borrowing cap raised to $198.5M
Amendments replace LIBOR with Term SOFR and apply a credit spread adjustment to both credit facilities.
NMFC appoints Barbara Daniel as independent director effective July 1, 2023
Barbara Daniel appointed Class II director; term until 2025 annual meeting.
NMFC amends ATM equity distribution agreement to new shelf; ~$196.9M still available
Amendment migrates ATM program from old shelf (333-238554) to new shelf (333-272060) dated May 18, 2023.
NMFC receives Nasdaq notice for board independence noncompliance after director resignation
Notice received May 12, 2023 due to loss of majority independent directors following Alice W. Handy's resignation.
New Mountain Finance Q1 NII $0.38/share (+26% YoY); declares $0.03 supplemental dividend
NII per share $0.38, up 26% YoY from $0.30; NAV per share $13.14 vs $13.02 at Dec 31, 2022.
Holdings Credit Facility amended; interest rate moves to SOFR + 1.70% for broadly syndicated loans, SOFR + 2.20% for others.
Director Alice W. Handy resigns from New Mountain Finance board effective April 25, 2023
Alice W. Handy resigned as director of New Mountain Finance Corporation, effective April 25, 2023.
the Board of Directors (the “Board”) of the Company appointed Laura C. Holson as the interim Chief Financial Officer and Treasurer of the Company, effective May 29, 2026.
Laura C. Holson, who has served as the Company’s interim Chief Financial Officer and Treasurer since April 1, 2023, will relinquish such positions upon the effective date of Mr. Corbett’s appointment.
On November 20, 2023, the Board of Directors of New Mountain Finance Corporation (the “Company”) appointed Kris Corbett as the Chief Financial Officer and Treasurer of the Company, effective as of November 27, 2023.
appointed Barbara Daniel as a Class II director effective July 1, 2023
the previously disclosed resignation of Alice W. Handy from the Company's Board of Directors
On April 25, 2023, Alice W. Handy notified the board of directors (the “Board”) of New Mountain Finance Corporation (the “Company”) that she was resigning as a director of the Board, effective immediately.
On March 23, 2023, the board of directors (the “Board”) of New Mountain Finance Corporation (the “Company”) appointed Laura C. Holson as the interim Chief Financial Officer and Treasurer of the Company, effective April 1, 2023.
On February 27, 2023, the Company’s board of directors received and accepted the resignation of Shiraz Y. Kajee as Chief Financial Officer and Treasurer, to become effective April 1, 2023.
The Company’s board of directors will appoint Laura C. Holson as the interim Chief Financial Officer and Treasurer of the Company upon Mr. Kajee’s departure, which would become effective April 1, 2023, until the Company completes its search for Mr. Kajee’s permanent successor.
On November 7, 2022, the Company’s board of directors appointed John R. Kline as the Chief Executive Officer of the Company, effective January 1, 2023, in addition to continuing in his role as President and a director.
Also on November 7, 2022, the Company’s board of directors received and accepted the resignation of Robert A. Hamwee as Chief Executive Officer and appointed him Vice Chairman of the board of directors, effective January 1, 2023, with the continued ability to allocate half of his time to activities outside of credit and NMFC.
Karrie J. Jerry submitted her resignation as an officer of the Company, effective March 4, 2022
Max materiality 0.80 · Median 0.53 · Most common event earnings