KBRA Assigns Rating to New Mountain Finance Corporation's $300 Million Senior Unsecured Notes Due 2027 [Yahoo! Finance]
New Mountain Finance Corporation (NMFC)
Last new mountain finance corporation earnings: 2/26 04:35 pm
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US:NYSE Investor Relations:
newmountainfinance.com
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Source: Yahoo! Finance
Key Credit Considerations The ratings and Stable Outlook are supported by New Mountain Finance Corporation's ties to New Mountain Capital's ("NMC") $56 billion AUM, including a $12 billion credit platform that provides SEC exemptive relief to co-invest among affiliated NMC companies. As of June 30, 2024, NMFC had a $3.2 billion diversified investment portfolio at fair value, comprised of 123 companies across 13 industries, exclusive of investments in JVs, mostly first lien senior secured (62.8%, in addition to ~8% senior loan fund) and second lien senior secured (8.6%) middle and upper-middle market loans, with a weighted average EBITDA of $180 million in predominantly less cyclical defensive industries. The top three portfolio sectors are Software (28.4%), Business Services (17.5%), and Healthcare (15.7%). Also supporting the ratings is the company's diversified funding mix comprised of secured bank facilities, unsecured senior debt, convertible notes, and SBA debentures and solid
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NMFC
News
- New Mountain Finance Corporation Announces Financial Results for the Quarter Ended September 30, 2024Business Wire
- New Mountain Finance Co. (NASDAQ: NMFC) had its price target lowered by analysts at Wells Fargo & Company from $12.00 to $11.00. They now have an "equal weight" rating on the stock.MarketBeat
- New Mountain Finance Corporation Announces the Extension of its Stock Repurchase ProgramBusiness Wire
- New Mountain Finance Corporation Schedules its Third Quarter 2024 Earnings Release and Conference CallBusiness Wire
- New Mountain Finance Corporation Prices Public Offering of $300 Million 6.200% Notes Due 2027Business Wire
NMFC
Earnings
- 10/30/24 - Miss
NMFC
Sec Filings
- 12/19/24 - Form 4
- 12/17/24 - Form 4
- 12/13/24 - Form 4
- NMFC's page on the SEC website