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Sep 30, 2023
NMFC Q3 2023 Earnings Report
Reported a successful quarter with increased net investment income and strong credit performance.
Key Takeaways
New Mountain Finance Corporation reported a strong third quarter with net investment income of $0.40 per share, a 25% year-over-year increase. The company's NAV per share was $13.06. They declared a fourth quarter regular distribution of $0.32 per share and a supplemental distribution of $0.04 per share.
Net investment income per share increased by 25% year-over-year.
Net asset value per share was reported at $13.06.
The company declared a fourth quarter regular distribution of $0.32 per share.
A supplemental distribution of $0.04 per share was declared for the third quarter.
Revenue by Segment
Forward Guidance
The company extended the Facility Maturity Date from April 20, 2026 to October 26, 2028. They also extended the Maturity Date from March 25, 2026 to March 25, 2027 and reduced the applicable interest rate. Lastly, they extended the Maturity Date from December 31, 2024 to December 31, 2027 and increased the maximum amount available from $50.0 million to $100.0 million.
Positive Outlook
- Extended the Facility Maturity Date to October 26, 2028.
- Extended the Maturity Date to March 25, 2027.
- Reduced the applicable interest rate.
- Extended the Maturity Date to December 31, 2027.
- Increased the maximum amount available to $100.0 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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