New Mountain Finance Corporation(NASDAQ:NMFC) 
New Mountain Finance Corporation is a Business Development Company specializing in investments in middle market companies and debt securities at various levels of the capital structure, including first and second lien debt, unsecured notes, bonds, and mezzanine securities. It invests in various indu...
Website: http://www.newmountainfinance.com
Founded: 2010
Sector: Financial Services
Industry: Asset Management
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-03-31 | 2023-12-31 | 2023-06-30 | 2022-12-31 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-03-31 | 2016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
investment income | |||||||||||||||||||||||||||
from non-controlled/non-affiliated investments: | |||||||||||||||||||||||||||
interest income | 46,235,000 | 49,811,000 | 53,584,000 | 52,113,000 | 56,237,000 | 64,649,000 | 41,089,000 | 37,444,000 | 39,270,000 | 40,540,000 | 39,819,000 | 39,560,000 | 40,322,000 | 41,854,000 | 48,860,000 | 57,586,000 | 50,101,000 | 51,452,000 | 48,018,000 | 44,457,000 | 41,367,000 | 38,332,000 | 35,436,000 | 34,735,000 | |||
pik interest income | 3,199,000 | 2,968,000 | 2,931,000 | 2,913,000 | 4,683,000 | 3,767,000 | 2,934,000 | 3,302,000 | 2,081,000 | 1,903,000 | 2,064,000 | 2,534,000 | 2,593,000 | 2,547,000 | |||||||||||||
dividend income | 140,000 | 179,000 | 506,000 | 557,000 | 293,000 | 47,000 | 87,000 | 48,000 | 48,000 | 867,000 | 524,000 | 687,000 | 689,000 | 720,000 | 486,000 | 83,000 | |||||||||||
non-cash dividend income | 3,479,000 | 4,026,000 | 3,972,000 | 4,434,000 | 4,684,000 | 4,305,000 | 3,189,000 | 3,085,000 | 2,829,000 | 1,956,000 | 2,967,000 | 2,401,000 | 2,337,000 | 2,274,000 | 2,300,000 | 2,324,000 | 2,279,000 | 2,239,000 | 2,069,000 | 1,974,000 | 1,658,000 | 1,491,000 | 1,324,000 | ||||
other income | 1,902,000 | 1,436,000 | 892,000 | 1,312,000 | 1,600,000 | 686,000 | 4,287,000 | 1,631,000 | 4,455,000 | 5,249,000 | 1,578,000 | 2,824,000 | 1,048,000 | 1,497,000 | 1,117,000 | 1,471,000 | 4,456,000 | 3,599,000 | 1,841,000 | 2,254,000 | 3,624,000 | 4,669,000 | 2,868,000 | 2,557,000 | |||
from non-controlled/affiliated investments: | |||||||||||||||||||||||||||
from controlled investments: | |||||||||||||||||||||||||||
total investment income | 77,402,000 | 80,529,000 | 83,490,000 | 85,663,000 | 90,556,000 | 95,492,000 | 73,110,000 | 68,963,000 | 68,216,000 | 68,474,000 | 66,561,000 | 67,708,000 | 68,139,000 | 65,521,000 | 65,967,000 | 74,084,000 | 73,257,000 | 72,594,000 | 66,465,000 | 64,191,000 | 63,509,000 | 60,469,000 | 52,889,000 | 41,834,000 | |||
expenses | |||||||||||||||||||||||||||
interest and other financing expenses | 29,486,000 | 31,720,000 | 31,138,000 | 31,374,000 | 31,016,000 | 31,700,000 | 20,672,000 | 18,637,000 | 18,149,000 | 17,693,000 | 17,871,000 | 19,385,000 | 18,547,000 | 18,077,000 | 19,229,000 | 22,194,000 | 22,602,000 | 21,830,000 | 20,719,000 | 19,146,000 | 18,177,000 | 14,759,000 | 11,290,000 | 7,171,000 | |||
management fee | 9,176,000 | 9,619,000 | 9,759,000 | 10,233,000 | 10,997,000 | 11,577,000 | 11,770,000 | 11,553,000 | 12,075,000 | 13,740,000 | 13,725,000 | 13,420,000 | 13,163,000 | 12,877,000 | 13,134,000 | 13,858,000 | 13,813,000 | 12,687,000 | 11,640,000 | 10,975,000 | 10,519,000 | 10,018,000 | 8,692,000 | 6,883,000 | |||
incentive fee | 7,198,000 | 7,345,000 | 7,971,000 | 8,247,000 | 9,389,000 | 9,982,000 | 7,926,000 | 7,477,000 | 7,503,000 | 7,661,000 | 7,298,000 | 7,248,000 | 7,354,000 | 7,135,000 | 6,896,000 | 7,826,000 | 7,646,000 | 7,792,000 | 6,987,000 | 6,863,000 | 6,864,000 | 6,780,000 | 6,434,000 | 5,432,000 | |||
professional fees | 1,219,000 | 924,000 | 1,100,000 | 1,389,000 | 1,067,000 | 1,003,000 | 817,000 | 937,000 | 784,000 | 923,000 | 764,000 | 726,000 | 932,000 | 731,000 | 969,000 | 905,000 | 579,000 | 834,000 | 886,000 | 766,000 | 1,042,000 | 2,053,000 | 694,000 | 723,000 | |||
administrative expenses | 951,000 | 916,000 | 1,184,000 | 1,104,000 | 968,000 | 953,000 | 932,000 | 1,209,000 | 1,221,000 | 1,082,000 | 1,029,000 | 1,129,000 | 1,105,000 | 1,024,000 | 1,239,000 | 1,040,000 | 972,000 | 930,000 | 1,049,000 | 1,095,000 | 1,022,000 | 846,000 | 939,000 | 586,000 | |||
other general and administrative expenses | 459,000 | 478,000 | 331,000 | 516,000 | 465,000 | 513,000 | 518,000 | 477,000 | 525,000 | 490,000 | 466,000 | 442,000 | 462,000 | 442,000 | 442,000 | 499,000 | 494,000 | 492,000 | 398,000 | 412,000 | 548,000 | 437,000 | 410,000 | 390,000 | |||
total expenses | 48,489,000 | 51,002,000 | 51,483,000 | 52,863,000 | 53,902,000 | 55,728,000 | 42,635,000 | 40,290,000 | 40,257,000 | 41,589,000 | 41,153,000 | 42,350,000 | 41,563,000 | 40,286,000 | 41,909,000 | 46,322,000 | 46,106,000 | 44,565,000 | 41,679,000 | 39,257,000 | 38,172,000 | 34,893,000 | 28,459,000 | 21,185,000 | |||
less: management and incentive fees waived | -4,180,000 | -4,544,000 | -2,586,000 | -1,822,000 | -1,911,000 | -3,752,000 | -2,744,000 | -3,341,000 | -2,126,000 | -1,766,000 | -1,322,000 | ||||||||||||||||
net expenses | 44,309,000 | 46,458,000 | 48,897,000 | 51,041,000 | 53,001,000 | 54,632,000 | 41,493,000 | 38,960,000 | 38,102,000 | 37,837,000 | 37,349,000 | 38,713,000 | 38,819,000 | 36,356,000 | 38,391,000 | 42,779,000 | 42,591,000 | 41,424,000 | 38,521,000 | 36,724,000 | 36,046,000 | 33,127,000 | 27,137,000 | 20,083,000 | |||
net investment income before income taxes | 33,093,000 | 34,071,000 | 34,593,000 | 34,622,000 | 37,555,000 | 40,860,000 | 31,617,000 | 30,003,000 | 30,114,000 | 30,637,000 | 29,212,000 | 28,995,000 | 29,320,000 | 29,165,000 | 27,576,000 | 31,305,000 | 30,666,000 | 31,170,000 | 27,944,000 | 27,467,000 | 27,463,000 | 27,342,000 | 25,752,000 | 21,751,000 | |||
income tax expense | 3,000 | 29,000 | 8,000 | -19,000 | 1,000 | 932,000 | -87,000 | 95,000 | 103,000 | 22,000 | 1,000 | -94,000 | 123,000 | 81,000 | -4,000 | 17,000 | 5,000 | 225,000 | 16,000 | ||||||||
net investment income | 33,090,000 | 34,042,000 | 34,585,000 | 34,641,000 | 37,554,000 | 39,928,000 | 31,704,000 | 29,908,000 | 30,011,000 | 30,645,000 | 29,190,000 | 28,994,000 | 29,414,000 | 29,042,000 | 27,583,000 | 31,305,000 | 30,585,000 | 31,170,000 | 27,948,000 | 27,450,000 | 27,458,000 | 27,117,000 | 25,736,000 | 21,729,000 | |||
net realized gains: | |||||||||||||||||||||||||||
non-controlled/non-affiliated investments | -8,064,000 | 8,000 | 13,390,000 | -1,074,000 | -11,858,000 | -7,314,000 | -594,000 | -70,000 | -5,964,000 | 2,459,000 | 157,000 | 181,000 | 126,000 | 30,000 | -3,759,000 | -702,000 | 433,000 | 349,000 | 47,000 | 43,000 | -14,898,000 | 3,254,000 | 206,000 | 1,150,000 | |||
controlled investments | -1,000 | 1,000 | -1,000 | 38,899,000 | 31,000 | 9,880,000 | 17,112,000 | 19,242,000 | -10,592,000 | 22,000 | 1,535,000 | 4,176,000 | 5,000 | 3,000 | 4,000 | 4,000 | 6,000 | 5,000 | 3,000 | -10,468,000 | -390,000 | -456,000 | -800,000 | ||||
foreign currency | 452,000 | 150,000 | 1,000 | 40,000 | 345,000 | 28,000 | -13,000 | ||||||||||||||||||||
net change in unrealized appreciation | |||||||||||||||||||||||||||
non-controlled/affiliated investments | -35,486,000 | -9,736,000 | -8,928,000 | -4,891,000 | -22,463,000 | 1,000 | 20,549,000 | 1,000 | -12,212,000 | -3,509,000 | 12,000 | -2,771,000 | -10,836,000 | -667,750 | -143,000 | -1,637,000 | -891,000 | -2,521,000 | 829,000 | 1,809,000 | 109,000 | ||||||
securities purchased under collateralized agreements to resell | -39,000 | -2,021,000 | -754,000 | -1,332,000 | -1,692,000 | -12,000 | -957,000 | ||||||||||||||||||||
new mountain net lease corporation | 812,000 | ||||||||||||||||||||||||||
provision for taxes | -341,000 | -25,000 | -21,000 | -22,000 | -637,000 | -94,000 | -155,000 | -270,000 | |||||||||||||||||||
net realized and unrealized losses | -59,851,000 | -21,700,000 | -26,710,000 | -11,124,000 | |||||||||||||||||||||||
net increase in net assets resulting from operations | -26,761,000 | 12,342,000 | 7,875,000 | 23,517,000 | 28,084,000 | 35,078,000 | 15,140,000 | 37,047,000 | 53,244,000 | 22,905,000 | 79,178,000 | 51,855,000 | 67,939,000 | 89,588,000 | 76,732,000 | -172,422,000 | 21,448,000 | 23,450,000 | 23,745,000 | 43,920,000 | -1,384,000 | 26,760,000 | 23,844,000 | 25,079,000 | |||
less: net increase in net assets resulting from operations related to non-controlling interest in new mountain net lease corporation | -127,000 | -153,000 | -101,000 | -104,000 | -676,000 | -855,000 | -994,000 | -1,058,000 | -3,366,000 | -1,780,000 | -1,398,000 | 251,000 | |||||||||||||||
net increase in net assets resulting from operations related to new mountain finance corporation | -26,888,000 | 12,189,000 | 7,774,000 | 23,413,000 | 27,408,000 | 34,830,000 | 15,954,000 | 36,192,000 | 52,250,000 | 21,847,000 | 75,812,000 | 51,490,000 | 66,159,000 | 88,190,000 | 76,481,000 | -172,357,000 | |||||||||||
basic earnings per share | -0.24 | 0.11 | 0.07 | 0.22 | 0.26 | 0.35 | 0.16 | 0.37 | 0.54 | 0.23 | 0.78 | 0.53 | 0.68 | 0.91 | 0.79 | -1.78 | 0.21 | 0.27 | 0.29 | 0.56 | -0.02 | 0.35 | 0.31 | 0.39 | |||
weighted-average shares of common stock outstanding - basic | 106,016,542 | 107,750,160 | 107,851,415 | 103,660,370 | 100,937,026 | 100,596,188 | 98,413,476 | 96,906,988 | 96,828,217 | 96,827,342 | 96,827,342 | 96,827,342 | 96,827,342 | 86,987,841 | 80,522,426 | 78,457,641 | 76,106,372 | 75,935,093 | 63,758,062 | ||||||||
diluted earnings per share | -0.24 | 0.11 | 0.07 | 0.22 | 0.26 | 0.32 | 0.16 | 0.34 | 0.49 | 0.22 | 0.71 | 0.49 | 0.68 | 0.82 | 0.72 | -1.78 | 0.21 | 0.26 | 0.27 | 0.49 | 0.32 | 0.3 | 0.37 | ||||
weighted-average shares of common stock outstanding - diluted | 125,036,696 | 126,733,459 | 126,852,911 | 122,443,478 | 127,016,910 | 113,853,773 | 111,671,062 | 110,164,573 | 110,085,802 | 110,084,927 | 110,084,927 | 110,084,927 | 110,084,927 | 100,245,426 | 97,693,499 | 95,857,530 | 89,388,999 | 85,759,220 | 71,145,932 | ||||||||
distributions declared and paid per share | 0.32 | 0.32 | 0.32 | 0.32 | 0.36 | 0.35 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.34 | 0.34 | 0.34 | 0.34 | 0.34 | 0.34 | 0.34 | 0.34 | ||||
less: management fee waived | -901,000 | -1,096,000 | -1,142,000 | -1,092,000 | -3,804,000 | -3,637,000 | -1,102,000 | ||||||||||||||||||||
net realized and unrealized gains | -9,470,000 | -4,850,000 | -16,564,000 | 7,139,000 | 23,233,000 | -7,740,000 | 49,988,000 | 22,861,000 | -23,508,000 | 60,546,000 | 49,149,000 | -203,727,000 | -9,137,000 | -7,720,000 | -4,203,000 | 16,470,000 | -28,842,000 | -357,000 | -1,892,000 | 3,350,000 | |||||||
less: expenses waived and reimbursed | -238,000 | -589,000 | -335,000 | -335,000 | |||||||||||||||||||||||
net change in unrealized (depreciation) appreciation: | |||||||||||||||||||||||||||
less: net decrease in net assets resulting from operations related to non-controlling interest in new mountain net lease corporation | -248,000 | 814,000 | -365,000 | -65,000 | |||||||||||||||||||||||
benefit for taxes | 1,000 | -115,000 | 235,000 | 257,000 | -377,000 | 898,000 | -27,000 | 281,000 | 110,000 | 874,000 | -2,000 | 82,000 | 11,000 | ||||||||||||||
less: management fees waived | -3,183,000 | -3,543,000 | -2,124,250 | -3,141,000 | -2,823,000 | -2,533,000 | |||||||||||||||||||||
capital gains incentive fee | |||||||||||||||||||||||||||
total incentive fees | 5,432,000 | ||||||||||||||||||||||||||
income tax benefit | 22,000 | ||||||||||||||||||||||||||
net realized gains | |||||||||||||||||||||||||||
dividends declared and paid per share | 0.34 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-03-31 | 2023-06-30 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2020-03-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||
investments at fair value | 475,198,000 | 336,869,000 | |||||||||||||
non-controlled/non-affiliated investments | 2,173,373,000 | 2,227,265,000 | 2,260,728,000 | 2,277,352,000 | 2,279,598,000 | 2,364,179,000 | 2,456,609,000 | 2,378,853,000 | 2,206,300,000 | 2,260,701,000 | 2,252,144,000 | 2,247,848,000 | 2,481,871,000 | ||
non-controlled/affiliated investments | 94,686,000 | 102,983,000 | 110,558,000 | 112,776,000 | 113,281,000 | 149,260,000 | 151,045,000 | 146,772,000 | 111,605,000 | 158,056,000 | 121,470,000 | 55,769,000 | 59,660,000 | ||
controlled investments | 675,560,000 | 670,448,000 | 662,925,000 | 700,896,000 | 677,103,000 | 666,026,000 | 692,537,000 | 731,340,000 | 693,749,000 | 670,131,000 | 644,998,000 | 593,006,000 | 449,786,000 | ||
total investments at fair value | 2,943,619,000 | 3,000,696,000 | 3,034,211,000 | 3,091,024,000 | 3,069,982,000 | 3,179,465,000 | 3,300,191,000 | 3,256,965,000 | 3,011,654,000 | 3,088,888,000 | 3,018,612,000 | 2,896,623,000 | 2,991,317,000 | ||
securities purchased under collateralized agreements to resell | 13,500,000 | 13,500,000 | 13,500,000 | 13,500,000 | 16,500,000 | 16,500,000 | 19,401,000 | 19,401,000 | 21,422,000 | 21,422,000 | 21,422,000 | 21,422,000 | 21,422,000 | ||
cash and cash equivalents | 63,684,000 | 57,390,000 | 85,496,000 | 80,320,000 | 107,467,000 | 45,930,000 | 40,712,000 | 35,376,000 | 83,357,000 | 27,809,000 | 47,299,000 | 68,664,000 | 22,108,000 | ||
interest and dividend receivable | 44,169,000 | 43,156,000 | 41,239,000 | 42,379,000 | 43,171,000 | 40,528,000 | 33,827,000 | 34,760,000 | 32,773,000 | 32,290,000 | 32,927,000 | 33,568,000 | 32,650,000 | ||
derivative asset at fair value | 5,834,000 | 5,718,000 | 3,117,000 | ||||||||||||
receivable from affiliates | 334,000 | 413,000 | 247,000 | 213,000 | 50,000 | 513,000 | 545,000 | ||||||||
other assets | 17,769,000 | 34,453,000 | 18,841,000 | 19,265,000 | 17,409,000 | 13,875,000 | 10,650,000 | 15,341,000 | 9,915,000 | 9,651,000 | 8,075,000 | 7,211,000 | 4,526,000 | ||
total assets | 3,088,909,000 | 3,159,712,000 | 3,196,651,000 | 3,246,701,000 | 3,255,607,000 | 3,296,981,000 | 3,404,781,000 | 3,361,843,000 | 3,168,111,000 | 3,180,060,000 | 3,128,335,000 | 3,032,491,000 | 3,103,532,000 | 488,034,000 | 344,489,000 |
liabilities | |||||||||||||||
borrowings | |||||||||||||||
unsecured notes | 990,999,000 | 989,987,000 | 985,227,000 | 978,503,000 | 686,663,000 | 391,500,000 | 586,500,000 | 511,500,000 | 511,500,000 | 511,500,000 | 511,500,000 | 453,250,000 | 453,250,000 | ||
holdings credit facility | 308,063,000 | 246,063,000 | 270,563,000 | 294,363,000 | 291,563,000 | 574,263,000 | 615,463,000 | 576,263,000 | 493,263,000 | 505,163,000 | 450,163,000 | 459,163,000 | 569,163,000 | ||
2022 convertible notes | 258,782,000 | 258,811,000 | 258,846,000 | ||||||||||||
sba-guaranteed debentures | 196,205,000 | 262,500,000 | 262,500,000 | 300,000,000 | 300,000,000 | 300,000,000 | 300,000,000 | 300,000,000 | 300,000,000 | 300,000,000 | 300,000,000 | 300,000,000 | 300,000,000 | ||
nmfc credit facility | 31,032,000 | 31,372,000 | 29,059,000 | 27,944,000 | 47,618,000 | 91,290,000 | 120,895,000 | 131,860,000 | 149,977,000 | 98,000,000 | 107,000,000 | 150,500,000 | 188,500,000 | ||
deferred financing costs | -19,698,000 | -21,103,000 | -23,343,000 | -24,191,000 | -24,370,000 | -15,183,000 | -16,910,000 | -17,996,000 | -21,337,000 | -23,044,000 | -18,270,000 | -18,222,000 | -18,318,000 | -2,374,000 | -1,374,000 |
net borrowings | 1,765,383,000 | 1,767,630,000 | 1,782,852,000 | 1,836,710,000 | 1,746,590,000 | 1,908,300,000 | 1,999,514,000 | 1,942,518,000 | 1,808,491,000 | 1,816,588,000 | 1,752,887,000 | 1,788,236,000 | 1,964,192,000 | ||
interest payable | 18,072,000 | 15,561,000 | 18,437,000 | 17,109,000 | 23,071,000 | 18,797,000 | 18,450,000 | 10,201,000 | 9,528,000 | 17,250,000 | 9,826,000 | 10,141,000 | 10,965,000 | ||
payable to broker | 13,460,000 | 13,900,000 | 10,130,000 | 3,230,000 | |||||||||||
payable for unsettled securities purchased | 10,412,000 | 29,562,000 | 12,022,000 | 94,079,000 | 4,897,000 | 2,000,000 | 24,658,000 | 15,213,000 | 62,863,000 | 8,166,000 | |||||
management fee payable | 9,619,000 | 9,759,000 | 9,945,000 | 10,467,000 | 10,096,000 | 10,481,000 | 10,628,000 | 20,625,000 | 9,988,000 | 9,921,000 | 20,202,000 | 19,988,000 | 20,613,000 | ||
incentive fee payable | 2,801,000 | 5,384,000 | 6,714,000 | 8,625,000 | 9,389,000 | 9,982,000 | 7,926,000 | 14,980,000 | 7,661,000 | 7,298,000 | 14,602,000 | 13,531,000 | 15,472,000 | ||
deferred tax liability | 1,478,000 | 1,453,000 | 1,432,000 | 1,410,000 | 3,080,000 | 169,000 | 14,000 | 13,000 | 13,000 | 14,000 | 134,000 | 14,000 | |||
derivative liability at fair value | 821,000 | 1,424,000 | 3,368,000 | 7,423,000 | |||||||||||
other liabilities | 4,197,000 | 3,203,000 | 3,573,000 | 2,436,000 | 3,199,000 | 3,389,000 | 2,097,000 | 2,431,000 | 2,498,000 | 1,746,000 | 3,605,000 | 2,138,000 | 1,811,000 | 3,716,000 | 2,869,000 |
total liabilities | 1,826,243,000 | 1,847,876,000 | 1,848,473,000 | 1,887,410,000 | 1,886,424,000 | 1,959,019,000 | 2,039,580,000 | 1,994,003,000 | 1,863,153,000 | 1,868,974,000 | 1,865,537,000 | 1,835,331,000 | 2,014,092,000 | 368,558,000 | 247,915,000 |
commitments and contingencies | |||||||||||||||
net assets | |||||||||||||||
preferred stock, par value 0.01 per share... | |||||||||||||||
common stock, par value 0.01 per share... | 1,079,000 | 1,079,000 | 1,079,000 | 1,079,000 | 1,063,000 | 1,009,000 | 1,007,000 | 995,000 | 969,000 | 969,000 | 968,000 | 968,000 | 968,000 | ||
paid in capital in excess of par | 1,365,849,000 | 1,365,838,000 | 1,365,824,000 | 1,365,852,000 | 1,379,070,000 | 1,305,798,000 | 1,310,791,000 | 1,294,300,000 | 1,270,719,000 | 1,270,719,000 | 1,269,671,000 | 1,287,853,000 | 1,287,853,000 | ||
treasury stock | -37,253,000 | -9,642,000 | |||||||||||||
accumulated undistributed earnings | -73,049,000 | -51,416,000 | -24,691,000 | -13,592,000 | -23,201,000 | 19,294,000 | 39,812,000 | 54,073,000 | |||||||
total net assets of new mountain finance corporation | 1,256,626,000 | 1,305,859,000 | 1,342,212,000 | 1,353,339,000 | 1,356,932,000 | 1,326,101,000 | 1,351,610,000 | 1,349,368,000 | 1,284,905,000 | 1,292,130,000 | 1,244,317,000 | 1,184,764,000 | 1,078,190,000 | ||
non-controlling interest in new mountain net lease corporation | 6,040,000 | 5,977,000 | 5,966,000 | 5,952,000 | 12,251,000 | 11,861,000 | 13,591,000 | 18,472,000 | 20,053,000 | 18,956,000 | 18,481,000 | 12,396,000 | 11,250,000 | ||
total net assets | 1,262,666,000 | 1,311,836,000 | 1,348,178,000 | 1,359,291,000 | 1,369,183,000 | 1,337,962,000 | 1,365,201,000 | 1,367,840,000 | 1,304,958,000 | 1,311,086,000 | 1,262,798,000 | 1,197,160,000 | 1,089,440,000 | ||
total liabilities and net assets | 3,088,909,000 | 3,159,712,000 | 3,196,651,000 | 3,246,701,000 | 3,255,607,000 | 3,296,981,000 | 3,404,781,000 | 3,361,843,000 | 3,168,111,000 | 3,180,060,000 | 3,128,335,000 | 3,032,491,000 | 3,103,532,000 | ||
number of shares outstanding | 104,189,336,000 | 106,926,713,000 | 107,851,415,000 | 107,851,415,000 | 106,289,293,000 | 100,937,026,000 | 100,716,928,000 | 99,498,562,000 | 96,906,988,000 | 96,906,988,000 | 96,827,342,000 | 96,827,342,000 | 96,827,342,000 | ||
net asset value per share of new mountain finance corporation | 12,060 | 12,210 | 12,450 | 12,550 | 12,770 | 13,140 | 13,420 | 13,560 | 13,260 | 13,330 | 12,850 | 12,240 | 11,140 | ||
investment income | |||||||||||||||
from non-controlled/non-affiliated investments: | |||||||||||||||
interest income | 49,811,000 | 53,584,000 | 52,113,000 | 232,023,000 | 41,089,000 | 37,444,000 | 40,540,000 | 39,819,000 | 39,560,000 | 41,854,000 | 57,586,000 | 27,226,000 | 24,654,000 | ||
pik interest income | 2,968,000 | 2,931,000 | 2,913,000 | 17,573,000 | 2,934,000 | 3,302,000 | 1,903,000 | 2,064,000 | 2,534,000 | 2,547,000 | |||||
dividend income | 179,000 | 506,000 | 557,000 | 3,987,000 | 87,000 | 48,000 | 867,000 | 687,000 | 720,000 | ||||||
non-cash dividend income | 4,026,000 | 3,972,000 | 4,434,000 | 19,286,000 | 3,189,000 | 3,085,000 | 1,956,000 | 2,967,000 | 2,401,000 | 2,274,000 | 2,324,000 | ||||
other income | 1,436,000 | 892,000 | 1,312,000 | 7,686,000 | 4,287,000 | 1,631,000 | 5,249,000 | 1,578,000 | 2,824,000 | 1,497,000 | 1,471,000 | 368,000 | 199,000 | ||
from non-controlled/affiliated investments: | |||||||||||||||
from controlled investments: | |||||||||||||||
total investment income | 80,529,000 | 83,490,000 | 85,663,000 | 371,666,000 | 73,110,000 | 68,963,000 | 68,474,000 | 66,561,000 | 67,708,000 | 65,521,000 | 74,084,000 | 27,594,000 | 24,853,000 | ||
expenses | |||||||||||||||
interest and other financing expenses | 31,720,000 | 31,138,000 | 31,374,000 | 136,636,000 | 20,672,000 | 18,637,000 | 17,693,000 | 17,871,000 | 19,385,000 | 18,077,000 | 22,194,000 | 14,129,000 | 10,474,000 | ||
management fee | 9,619,000 | 9,759,000 | 10,233,000 | 45,522,000 | 11,770,000 | 11,553,000 | 13,740,000 | 13,725,000 | 13,420,000 | 12,877,000 | 13,858,000 | ||||
incentive fee | 7,345,000 | 7,971,000 | 8,247,000 | 36,385,000 | 7,926,000 | 7,477,000 | 7,661,000 | 7,298,000 | 7,248,000 | 7,135,000 | 7,826,000 | ||||
professional fees | 924,000 | 1,100,000 | 1,389,000 | 4,379,000 | 817,000 | 937,000 | 923,000 | 764,000 | 726,000 | 731,000 | 905,000 | ||||
administrative expenses | 916,000 | 1,184,000 | 1,104,000 | 4,222,000 | 932,000 | 1,209,000 | 1,082,000 | 1,029,000 | 1,129,000 | 1,024,000 | 1,040,000 | ||||
other general and administrative expenses | 478,000 | 331,000 | 516,000 | 2,039,000 | 518,000 | 477,000 | 490,000 | 466,000 | 442,000 | 442,000 | 499,000 | ||||
total expenses | 51,002,000 | 51,483,000 | 52,863,000 | 229,183,000 | 42,635,000 | 40,290,000 | 41,589,000 | 41,153,000 | 42,350,000 | 40,286,000 | 46,322,000 | 14,751,000 | 11,155,000 | ||
less: management and incentive fees waived | -4,544,000 | -2,586,000 | -1,822,000 | -3,752,000 | -3,341,000 | ||||||||||
net expenses | 46,458,000 | 48,897,000 | 51,041,000 | 225,444,000 | 41,493,000 | 38,960,000 | 37,837,000 | 37,349,000 | 38,713,000 | 36,356,000 | 42,779,000 | 14,729,000 | |||
net investment income before income taxes | 34,071,000 | 34,593,000 | 34,622,000 | 146,222,000 | 31,617,000 | 30,003,000 | 30,637,000 | 29,212,000 | 28,995,000 | 29,165,000 | 31,305,000 | ||||
income tax expense | 29,000 | 262,000 | 95,000 | 1,000 | 123,000 | ||||||||||
net investment income | 34,042,000 | 34,585,000 | 34,641,000 | 145,960,000 | 31,704,000 | 29,908,000 | 30,645,000 | 29,190,000 | 28,994,000 | 29,042,000 | 31,305,000 | 12,865,000 | 13,698,000 | ||
net realized gains: | |||||||||||||||
foreign currency | 452,000 | 150,000 | 420,000 | 40,000 | 345,000 | -13,000 | |||||||||
net change in unrealized appreciation | |||||||||||||||
new mountain net lease corporation | 1,533,000 | 812,000 | |||||||||||||
benefit from taxes | -25,000 | -21,000 | -22,000 | -2,114,000 | -155,000 | ||||||||||
net realized and unrealized losses | -21,700,000 | -26,710,000 | -11,124,000 | -31,457,000 | |||||||||||
net increase in net assets resulting from operations | 12,342,000 | 7,875,000 | 23,517,000 | 114,503,000 | 15,140,000 | 37,047,000 | 22,905,000 | 79,178,000 | 51,855,000 | 89,588,000 | -172,422,000 | ||||
less: net increase in net assets resulting from operations related to non-controlling interest in new mountain net lease corporation | -153,000 | -101,000 | -104,000 | -1,060,000 | -855,000 | -1,058,000 | -3,366,000 | -365,000 | -1,398,000 | ||||||
net increase in net assets resulting from operations related to new mountain finance corporation | 12,189,000 | 7,774,000 | 23,413,000 | 113,443,000 | 15,954,000 | 36,192,000 | 21,847,000 | 75,812,000 | 51,490,000 | 88,190,000 | -172,357,000 | ||||
basic earnings per share | 110 | 70 | 220 | 1,060 | 160 | 370 | 230 | 780 | 530 | 910 | -1,780 | ||||
weighted-average shares of common stock outstanding - basic | 106,016,542,000 | 107,750,160,000 | 107,851,415,000 | 100,596,188,000 | 98,413,476,000 | 96,906,988,000 | 96,828,217,000 | 96,827,342,000 | 96,827,342,000 | 96,827,342,000 | |||||
diluted earnings per share | 110 | 70 | 220 | 1,030 | 160 | 340 | 220 | 710 | 490 | 820 | -1,780 | ||||
weighted-average shares of common stock outstanding - diluted | 125,036,696,000 | 126,733,459,000 | 126,852,911,000 | 113,853,773,000 | 111,671,062,000 | 110,164,573,000 | 110,085,802,000 | 110,084,927,000 | 110,084,927,000 | 110,084,927,000 | |||||
distributions declared and paid per share | 320 | 320 | 320 | 1,370 | 300 | 300 | 300 | 300 | 300 | 300 | 340 | ||||
receivable from unsettled securities sold | 4,386,000 | 683,000 | 8,990,000 | 4,490,000 | 30,964,000 | ||||||||||
income tax benefit | 8,000 | 22,000 | |||||||||||||
income tax (benefit) expense | -19,000 | -87,000 | |||||||||||||
deferred tax asset | 68,000 | ||||||||||||||
convertible notes | 260,091,000 | 260,178,000 | 377,104,000 | 201,366,000 | 201,391,000 | 201,443,000 | 201,469,000 | 201,494,000 | 201,545,000 | 201,597,000 | |||||
db credit facility | 182,000,000 | 186,400,000 | 189,300,000 | 224,300,000 | 167,800,000 | 223,500,000 | 201,000,000 | 242,000,000 | 270,000,000 | ||||||
nmnlc credit facility ii | 2,938,000 | 2,926,000 | 2,900,000 | 15,200,000 | 5,845,000 | ||||||||||
less: management fee waived | -3,739,000 | -1,142,000 | -1,092,000 | -3,804,000 | -3,637,000 | ||||||||||
less: expenses waived and reimbursed | -238,000 | -589,000 | -22,000 | ||||||||||||
weighted-average shares of common stock outstanding—basic | 106,570,782,000 | ||||||||||||||
weighted-average shares of common stock outstanding—diluted | 125,463,389,000 | ||||||||||||||
receivable from broker | 960,000 | ||||||||||||||
payable to affiliates | 93,000 | 796,000 | 1,234,000 | 316,000 | 945,000 | 1,538,000 | 1,163,000 | 1,025,000 | |||||||
net realized gains | |||||||||||||||
net change in unrealized (depreciation) appreciation: | |||||||||||||||
net realized and unrealized gains | -16,564,000 | 7,139,000 | -7,740,000 | 49,988,000 | 22,861,000 | 60,546,000 | -203,727,000 | ||||||||
less: net decrease (increase) in net assets resulting from operations related to non-controlling interest in new mountain net lease corporation | 814,000 | ||||||||||||||
accumulated undistributed (overdistributed) earnings | 13,217,000 | 20,442,000 | |||||||||||||
benefit for taxes | 1,000 | -115,000 | 257,000 | 898,000 | |||||||||||
accumulated overdistributed earnings | -26,322,000 | -104,057,000 | -210,631,000 | ||||||||||||
less: management fees waived | -3,543,000 | ||||||||||||||
less: net decrease in net assets resulting from operations related to non-controlling interest in new mountain net lease corporation | -65,000 | ||||||||||||||
cash and other assets | 12,836,000 | 7,620,000 | |||||||||||||
credit facility | 355,400,000 | 243,170,000 | |||||||||||||
distribution payable | 3,650,000 | 3,250,000 | |||||||||||||
members' capital | 119,476,000 | 96,574,000 | |||||||||||||
total liabilities and members' capital | 488,034,000 | 344,489,000 | |||||||||||||
selected statement of operations information: | 2,019,000 | 2,018,000 | |||||||||||||
other expenses | 622,000 | 681,000 | |||||||||||||
net realized gains on investments | 263,000 | 782,000 | |||||||||||||
net change in unrealized appreciation (depreciation) of investments | 2,528,000 | ||||||||||||||
net increase in members' capital | 15,656,000 | 6,643,000 | |||||||||||||
balance sheet: | |||||||||||||||
current assets | 33,730,000 | 99,062,000 | |||||||||||||
non-current assets | 172,737,000 | 144,948,000 | |||||||||||||
current liabilities | 103,148,000 | 35,837,000 | |||||||||||||
non-current liabilities | 276,511,000 | ||||||||||||||
total equity | -173,192,000 | 94,214,000 | |||||||||||||
net change in unrealized (depreciation) appreciation of investments | -7,837,000 | ||||||||||||||
noncurrent liabilities | 113,959,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-03-31 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | |||||||||||
net increase in net assets resulting from operations | 12,342,000 | 7,875,000 | 23,517,000 | 28,084,000 | 15,140,000 | 37,047,000 | 53,244,000 | 22,905,000 | 79,178,000 | 51,855,000 | -172,422,000 |
adjustments to reconcile net increase in net assets resulting from operations to net cash from operating activities: | |||||||||||
net realized (gains) losses on investments | -9,000 | -13,389,000 | -37,825,000 | -16,518,000 | -19,172,000 | ||||||
net realized losses on translation of assets and liabilities in foreign currencies | |||||||||||
net change in unrealized depreciation (appreciation) of investments and new mountain net lease corporation | 21,564,000 | 40,530,000 | 49,077,000 | 204,739,000 | |||||||
net change in unrealized appreciation on translation of assets and liabilities in foreign currencies | 120,000 | ||||||||||
net change in unrealized depreciation of securities purchased under collateralized agreements to resell | 0 | 2,021,000 | |||||||||
amortization of purchase discount | -1,641,000 | -4,263,000 | -1,578,000 | -1,762,000 | -1,685,000 | -1,393,000 | -1,886,000 | -3,064,000 | -1,639,000 | -1,978,000 | -3,528,000 |
amortization of deferred financing costs | 2,327,000 | 2,312,000 | 2,227,000 | 1,985,000 | 1,687,000 | 1,692,000 | 1,728,000 | 1,721,000 | 1,624,000 | 2,315,000 | 1,152,000 |
amortization of premium on 2022 convertible notes | -29,000 | -28,000 | -17,000 | ||||||||
amortization of discount on 6.875% and 6.200% unsecured notes | 314,000 | 311,000 | 307,000 | ||||||||
net change due to hedging activity | -20,000 | -96,000 | -755,000 | ||||||||
non-cash investment income | -13,110,000 | -13,150,000 | -14,021,000 | -16,527,000 | -12,880,000 | -12,122,000 | -17,151,000 | -10,375,000 | -11,760,000 | -11,091,000 | -5,131,000 |
increase in operating assets: | |||||||||||
cash paid for purchase of non-controlling interest in new mountain net lease corporation | |||||||||||
cash distribution received for purchase of non-controlling interest in new mountain net lease corporation | |||||||||||
purchase of investments and delayed draw facilities | -127,331,000 | -122,318,000 | -121,120,000 | -192,397,000 | -243,309,000 | -153,863,000 | -365,585,000 | -469,655,000 | -76,527,000 | -222,985,000 | -172,921,000 |
proceeds from sales and paydowns of investments | 177,144,000 | 155,103,000 | 186,901,000 | 145,475,000 | 199,451,000 | 93,302,000 | 250,522,000 | 546,696,000 | 71,851,000 | 197,671,000 | 178,722,000 |
cash received for purchase of undrawn portion of revolving credit or delayed draw facilities | 32,000 | 107,000 | 97,000 | 120,000 | 196,000 | 83,000 | 214,000 | 523,000 | 38,000 | 36,000 | 211,000 |
cash paid for purchase of drawn portion of revolving credit facilities | -76,000 | -153,000 | -32,000 | -146,000 | -282,000 | -67,000 | -483,000 | -8,996,000 | |||
cash paid on drawn revolvers | -6,759,000 | -11,320,000 | -7,524,000 | -7,705,000 | -10,240,000 | -8,438,000 | -3,222,000 | -8,282,000 | -13,806,000 | -33,639,000 | |
cash repayments on drawn revolvers | 6,770,000 | 4,780,000 | 4,051,000 | 5,036,000 | 7,390,000 | 8,419,000 | 2,127,000 | 8,380,000 | 6,098,000 | 10,502,000 | 9,620,000 |
deferred tax asset | 527,000 | 0 | 0 | 0 | 101,000 | ||||||
interest and dividend receivable | -1,008,000 | -1,963,000 | 1,200,000 | 949,000 | 913,000 | -3,892,000 | 1,905,000 | -483,000 | 637,000 | -4,516,000 | -850,000 |
receivable from affiliates | 79,000 | -166,000 | -34,000 | 32,000 | 0 | 0 | 0 | 117,000 | -268,000 | ||
other assets | 16,616,000 | -15,574,000 | 454,000 | -922,000 | 4,682,000 | -4,268,000 | -1,198,000 | -237,000 | -1,576,000 | -2,094,000 | -802,000 |
increase in operating liabilities: | |||||||||||
management fee payable | -140,000 | -186,000 | -522,000 | -20,000 | -9,997,000 | 10,461,000 | 176,000 | 67,000 | -10,281,000 | 9,783,000 | 10,315,000 |
incentive fee payable | -2,583,000 | -1,330,000 | -1,911,000 | 834,000 | -7,054,000 | 7,477,000 | -158,000 | 363,000 | -7,304,000 | 7,248,000 | 7,826,000 |
payable for unsettled securities purchased | -19,150,000 | 17,540,000 | 12,022,000 | 94,147,000 | -2,000,000 | -5,910,000 | -16,748,000 | 9,445,000 | -47,650,000 | 36,021,000 | -1,780,000 |
interest payable | 2,510,000 | -2,975,000 | 1,424,000 | 2,631,000 | 8,249,000 | -7,187,000 | 7,860,000 | -7,722,000 | 7,424,000 | -5,761,000 | -5,519,000 |
deferred tax liability | 25,000 | 21,000 | 22,000 | 155,000 | 1,000 | 0 | -1,000 | 14,000 | -898,000 | ||
payable to broker | -440,000 | 3,770,000 | 6,900,000 | ||||||||
other liabilities | 1,131,000 | -416,000 | 1,174,000 | -78,000 | -421,000 | -58,000 | -11,000 | 842,000 | -1,902,000 | 1,550,000 | 74,000 |
net cash flows from operating activities | 73,140,000 | 40,337,000 | 103,916,000 | 68,279,000 | -45,170,000 | -106,747,000 | 94,037,000 | -53,636,000 | 44,289,000 | ||
cash flows from financing activities | |||||||||||
net proceeds from shares sold | 47,919,000 | 16,577,000 | 20,474,000 | ||||||||
repurchase of shares under old repurchase program | |||||||||||
offering costs paid | -1,000 | 0 | -75,000 | -117,000 | -41,000 | -21,000 | |||||
distributions paid | -33,822,000 | -34,499,000 | -34,512,000 | -38,265,000 | -30,215,000 | -28,491,000 | -28,106,000 | -29,072,000 | -27,999,000 | -29,048,000 | -32,921,000 |
proceeds from holdings credit facility | 157,000,000 | 128,500,000 | 93,000,000 | 184,600,000 | 46,200,000 | 55,000,000 | 82,000,000 | 72,000,000 | 16,000,000 | ||
repayment of holdings credit facility | -95,000,000 | -153,000,000 | -116,800,000 | -408,100,000 | -7,000,000 | -24,000,000 | -30,000,000 | -83,900,000 | -108,400,000 | ||
repayment of 2022 convertible notes | -5,000 | -7,000 | -1,216,000 | ||||||||
proceeds from unsecured notes | 296,994,000 | 0 | 0 | 0 | 200,000,000 | ||||||
repayment of unsecured notes | -116,500,000 | 0 | 0 | -141,750,000 | |||||||
proceeds from nmfc credit facility | 18,083,000 | 39,705,000 | 61,349,000 | 25,142,000 | 89,363,000 | 65,000,000 | 157,000,000 | ||||
repayment of nmfc credit facility | -6,950,000 | -49,000,000 | -56,000,000 | -48,000,000 | -37,000,000 | -74,000,000 | -215,500,000 | ||||
repayment of db credit facility | -4,400,000 | -55,000,000 | -22,000,000 | -8,000,000 | -70,700,000 | 0 | -83,000,000 | ||||
repayment of sba-guaranteed debentures | -66,295,000 | 0 | -37,500,000 | ||||||||
proceeds from nmnlc credit facility ii | 1,140,000 | 15,200,000 | |||||||||
repayment of nmnlc credit facility ii | -1,055,000 | ||||||||||
distributions related to non-controlling interest in nmnlc | -90,000 | -90,000 | -90,000 | -197,000 | -4,190,000 | -3,750,000 | |||||
deferred financing costs paid | -972,000 | -59,000 | -1,405,000 | -3,955,000 | -539,000 | -14,000 | -78,000 | -131,000 | -6,355,000 | -3,658,000 | -2,613,000 |
net cash flows used in financing activities | -66,796,000 | -68,797,000 | -98,598,000 | -30,803,000 | |||||||
net increase in cash and cash equivalents | 6,344,000 | -28,460,000 | 5,318,000 | 37,476,000 | -25,142,000 | 55,442,000 | -26,466,000 | ||||
effect of foreign exchange rate changes on cash and cash equivalents | -50,000 | 354,000 | -142,000 | -99,000 | -55,000 | -78,000 | -138,000 | ||||
cash and cash equivalents at the beginning of the period | 0 | 0 | 80,320,000 | 70,090,000 | 0 | 58,077,000 | 0 | 0 | 0 | 78,966,000 | 48,574,000 |
cash and cash equivalents at the end of the period | 6,294,000 | -28,106,000 | 85,496,000 | 107,467,000 | 5,336,000 | 35,376,000 | -25,280,000 | 55,548,000 | -19,490,000 | 47,299,000 | 22,108,000 |
supplemental disclosure of cash flow information | |||||||||||
cash interest paid | 25,420,000 | 30,049,000 | 27,085,000 | 25,360,000 | 10,323,000 | 23,703,000 | 8,060,000 | 23,128,000 | 8,270,000 | 22,245,000 | 26,301,000 |
income taxes (received) paid | -32,000 | -10,000 | |||||||||
non-cash operating activities: | |||||||||||
non-cash activity on investments | 0 | 0 | 61,007,000 | 20,291,000 | |||||||
non-cash financing activities: | |||||||||||
conversion of 2022 convertible notes to shares | |||||||||||
accrual for offering costs | -73,000 | 30,000 | 84,000 | 79,000 | 26,000 | 42,000 | -6,000 | 86,000 | |||
accrual for deferred financing costs | -64,000 | 15,000 | 94,000 | 203,000 | 62,000 | 1,000 | -3,000 | -117,000 | 43,000 | 88,000 | 4,000 |
portfolio company, location and industry | |||||||||||
non-controlled/non-affiliated investments | |||||||||||
funded debt investments - united states | |||||||||||
paw midco, inc. | |||||||||||
aah topco, llc | |||||||||||
consumer services | |||||||||||
associations finance, inc. | |||||||||||
associations, inc. | |||||||||||
business services | |||||||||||
gc waves holdings, inc. | |||||||||||
financial services | |||||||||||
einstein parent, inc. | |||||||||||
software | |||||||||||
oeconnection llc | |||||||||||
icims, inc. | |||||||||||
receivable from unsettled securities sold | 8,990,000 | -8,990,000 | 0 | 9,019,000 | -30,964,000 | ||||||
repurchase of shares under repurchase program | |||||||||||
net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies | -150,000 | ||||||||||
receivable from broker | -960,000 | ||||||||||
income taxes received | -390,000 | ||||||||||
oa topco, l.p. | |||||||||||
oa buyer, inc. | |||||||||||
healthcare | |||||||||||
gs acquisitionco, inc. | |||||||||||
net realized losses | 10,496,000 | ||||||||||
net realized gains on translation of assets and liabilities in foreign currencies | -40,000 | -345,000 | |||||||||
net change in unrealized (appreciation) depreciation of investments and nmnlc | -39,842,000 | 30,736,000 | -49,808,000 | -33,472,000 | |||||||
net change in unrealized depreciation (appreciation) on translation of assets and liabilities in foreign currencies | 23,000 | ||||||||||
amortization of premium on convertible notes | -29,000 | -25,000 | -26,000 | -26,000 | -26,000 | -25,000 | -26,000 | -26,000 | |||
cash paid for drawn revolvers | |||||||||||
deferred tax (liability) asset | |||||||||||
payable to affiliates | -438,000 | 678,000 | 240,000 | -629,000 | -593,000 | 671,000 | 352,000 | ||||
repayment from unsecured notes | |||||||||||
proceeds from convertible notes | |||||||||||
repayment of convertible notes | |||||||||||
proceeds from db credit facility | 20,000,000 | 20,000,000 | 66,500,000 | 15,000,000 | 22,500,000 | 40,000,000 | 40,000,000 | ||||
repayment from nmnlc credit facility ii | |||||||||||
contributions related to non-controlling interest in nmnlc | 3,102,000 | ||||||||||
income taxes paid | 65,000 | 9,000 | 50,000 | -8,000 | 22,000 | 1,000 | |||||
value of shares issued in connection with reinvestment of distributions | |||||||||||
knockout intermediate holdings i inc. | |||||||||||
kaseya inc. | |||||||||||
net realized losses (gains) on investments | 11,827,000 | ||||||||||
net change in unrealized appreciation of investments | -3,017,000 | ||||||||||
amortization of discount on 6.875% unsecured notes | 102,000 | ||||||||||
decrease (increase) in operating assets: | |||||||||||
net realized gains on investments | |||||||||||
net change in unrealized depreciation of investments | |||||||||||
net cash flows from financing activities | |||||||||||
net decrease in cash and cash equivalents | 5,391,000 | -22,623,000 | -31,667,000 | ||||||||
value of shares reissued from repurchase program in connection with the distribution reinvestment plan | 0 | 1,098,000 | |||||||||
phynet dermatology llc | |||||||||||
net change in unrealized depreciation (appreciation) of investments | 32,774,000 | 9,933,000 | |||||||||
net change in unrealized depreciation on translation of assets and liabilities in foreign currencies | 193,000 | 422,000 | 68,000 | ||||||||
contributions related to non-controlling interest in new mountain net lease corporation | |||||||||||
net cash flows used in by operating activities | |||||||||||
net cash flows from by financing activities | 39,321,000 | 22,547,000 | |||||||||
healthcare services | |||||||||||
frontline technologies group holdings, llc | |||||||||||
centralsquare technologies, llc | |||||||||||
proceeds from sale of non-controlling interest in nmnlc | |||||||||||
deferred tax benefit | |||||||||||
proceeds from sba-guaranteed debentures | 75,000,000 | ||||||||||
proceeds from nmnlc credit facility | |||||||||||
repayment of nmnlc credit facility | |||||||||||
integro parent inc. | |||||||||||
insurance services | |||||||||||
adjustments to reconcile net decrease (increase) in net assets resulting from operations to net cash from operating activities: | |||||||||||
net realized | |||||||||||
contributions (distributions) related to non-controlling interest in nmnlc | 39,000 | ||||||||||
net cash flows used in by financing activities | -38,595,000 | 34,146,000 | -75,956,000 | ||||||||
value of shares issued in connection with the distribution reinvestment plan | 0 | ||||||||||
funded debt investments - jersey | |||||||||||
tennessee bidco limited ** | |||||||||||
total funded debt investments - jersey | |||||||||||
funded debt investments - united arab emirates | |||||||||||
gems menasa (cayman) limited** | |||||||||||
education | |||||||||||
total funded debt investments - united arab emirates | |||||||||||
funded debt investments - united kingdom | |||||||||||
aston finco s.a r.l. / aston us finco, llc** | |||||||||||
total funded debt investments - united kingdom | |||||||||||
net realized losses on investments and new mountain net lease corporation | |||||||||||
connectwise, llc | |||||||||||
funded debt investments - canada | |||||||||||
dentalcorp health services ulc (fka dentalcorp perfect smile ulc)** | |||||||||||
total funded debt investments - canada | |||||||||||
net realized losses (gains) on investments and new mountain net lease corporation | |||||||||||
proceeds from sale of non-controlling interest in new mountain net lease corporation | 11,315,000 | ||||||||||
distributions related to non-controlling interest in new mountain net lease corporation | |||||||||||
wolfpack ip co.** | |||||||||||
shine acquisition co. s.à.r.l / boing us holdco inc.** | |||||||||||
net realized (gains) losses on investments and new mountain net lease corporation | -114,000 | ||||||||||
net cash flows used in operating activities | -13,532,000 | ||||||||||
net cash flows (used) provided by financing activities | -12,934,000 | ||||||||||
net change in unrealized (appreciation) depreciation of investments | |||||||||||
net change in unrealized depreciation (appreciation) of securities purchased under collateralized agreements to resell | |||||||||||
dividends paid | |||||||||||
value of shares reissued from repurchase program in connection with dividend reinvestment plan | |||||||||||
value of shares issued in connection with dividend reinvestment plan | |||||||||||
funded debt investments - australia | |||||||||||
project sunshine iv pty ltd** | |||||||||||
media | |||||||||||
total funded debt investments - australia | |||||||||||
funded debt investments - luxembourg | |||||||||||
pinnacle holdco s.à.r.l. / pinnacle (us) acquisition co limited** | |||||||||||
total funded debt investments - luxembourg | |||||||||||
funded debt investments - netherlands | |||||||||||
eiger acquisition b.v. (eiger co-borrower, llc)** | |||||||||||
total funded debt investments - netherlands | |||||||||||
air newco llc** | |||||||||||
tibco software inc. | |||||||||||
hill international, inc. | |||||||||||
deltek, inc. | |||||||||||
assuredpartners, inc. | |||||||||||
navex global, inc. |