New Mountain Finance Corp. ( (NMFC) ) has released its Q1 earnings. Here is a breakdown of the information New Mountain Finance Corp. presented to its investors.
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New Mountain Finance Corporation, a company specializing in providing direct lending solutions to U.S. upper middle market companies, has reported its financial results for the first quarter of 2025. The company focuses on senior secured loans and junior capital positions in defensive industries, aiming to generate current income and capital appreciation.
In the first quarter of 2025, New Mountain Finance Corporation reported a net investment income of $34.5 million, or $0.32 per share. The company declared a second quarter distribution of $0.32 per share. The net asset value per share slightly decreased to $12.45 from $12.55 at the end of 2024. The company maintained a strong credit performance with approximately 96.5% of its portfolio rated green.
Key financial metrics include a reduction in the cost of debt on the Holdings Credit Facility from SOFR + 2.15% to SOFR + 1.95%, and an increase in the senior-oriented asset mix to 77%. The company originated $120.8 million of investments while receiving $160.4 million in repayments and $26.3 million from asset sales. New Mountain Finance’s portfolio consists of investments in 119 companies, with a fair value of $3,047.7 million.
Looking ahead, New Mountain Finance Corporation’s management remains confident in its ability to deliver consistent yield with an enhanced margin of safety. The company continues to focus on its strategic priorities, including reducing payment-in-kind income, diversifying top investments, and lowering liability costs.