New Mountain Finance Corporation 8.250% Notes due 2028
NMFCZ
NASDAQ Global Market25.22
USD
-0.05
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New Mountain Finance Corporation 8.250% Notes due 2028
NMFCZ
(NASDAQ Global Market)
Recent
price
25.22
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- New Mountain Finance Corporation (NASDAQ: NMFC) is a business development company that provides direct lending solutions to U.S. upper middle market companies backed by top private equity sponsors; it originates and invests primarily in senior secured loans, including first-lien debt, second-lien debt, subordinated debt, notes, bonds, mezzanine securities, preferred equity, common equity, warrants, and options, as well as investments in senior loan funds and structured finance obligations through entities such as New Mountain Net Lease Corporation. The company targets defensive growth businesses with annual EBITDA between $10 million and $200 million in sectors including enterprise resource planning, human capital management, finance and accounting, governance risk and compliance, ecommerce and logistics, IT infrastructure and security, integrated payments, healthcare services, healthcare software, pharma services, consumer services, education, and distribution and logistics; its portfolio, valued at $2.96 billion as of September 30, 2025, comprises 127 companies with approximately 80% in senior-oriented assets and a weighted average yield to maturity at cost of 10.4%. Founded in 2010 and headquartered at 1633 Broadway, 48th Floor, New York, NY, NMFC operates exclusively in the United States and leverages the expertise of its investment advisor, New Mountain Capital, which manages approximately $60 billion in assets. In recent developments, the company increased its senior asset mix to 80% from 75% year-over-year, fully utilized its original $50 million stock repurchase plan, authorized a new $100 million common share repurchase program, originated $127.3 million in investments while receiving $177.1 million in repayments during the third quarter of 2025, and explores a secondary sale of up to $500 million in assets to reduce payment-in-kind income, diversify holdings, and enhance financial flexibility; it also repaid its 2022 Convertible Notes at maturity post-quarter end and declared a fourth quarter 2025 distribution of $0.32 per share. NMFC's investment objective centers on generating current income and capital appreciation through rigorous origination, underwriting, and structuring processes focused on acyclical, high-barrier-to-entry businesses with recurring revenue and strong cash flows.
New Mountain Finance (NMFC) Q1 2026 Earnings Call Transcript
New Mountain Finance Co. 8.250% Notes due 2028 (NASDAQ:NMFCZ) Short Interest Update
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