New Mountain Finance Corporation

03/13/2026 | Press release | Distributed by Public on 03/13/2026 15:12

Material Agreement, Financial Obligation (Form 8-K)

New Mountain Finance Corporation
Pro Forma Consolidated Statements of Assets and Liabilities
in thousands December 31, 2025 Pro Forma Adjustments (1) Pro Forma December 31, 2025
Assets
Total investments at fair value 2,742,013 (467,980) (2) 2,274,033
Cash and cash equivalents 80,718 60,355 (3) 141,073
All other assets 80,122 - 80,122
Total assets $ 2,902,853 $ (407,625) $ 2,495,228
Liabilities
Borrowings
Unsecured Notes 991,585 - 991,585
Holdings Credit Facility 420,063 (232,116) 187,947
Other borrowings 259,404 (140,287) 119,117
Net borrowings 1,671,052 (372,403) 1,298,649
All other liabilities 43,545 - 43,545
Total liabilities 1,714,597 (372,403) 1,342,194
Net Assets
Paid in capital in excess of par 1,354,726 - 1,354,726
Accumulated overdistributed earnings (121,676) (35,222) (156,898)
Other (50,873) - (50,873)
Total net assets of New Mountain Finance Corporation 1,182,177 (35,222) 1,146,955
Non-controlling interest in New Mountain Net Lease Corporation 6,079 - 6,079
Total net assets 1,188,256 (35,222) 1,153,034
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Total liabilities and net assets 2,902,853 (407,625) 2,495,228
(1) Pro forma adjustment represents the impact of the Asset Sale at 94% of December 31, 2025 fair value
(2) Fair value of assets sold as of December 31, 2025, inclusive of partial paydown received by the Company and asset purchase made by the Company on 3/12
(3) Includes estimated seller and transaction expenses
New Mountain Finance Corporation
Pro Forma Consolidated Statements of Operations
Year ended Year ended
in thousands December 31, 2025 Pro Forma Adjustments (1) Pro Forma December 31, 2025
Investment income
From non-controlled/non-affiliated investments $ 236,589 - $ 236,589
From non-controlled/affiliated investments 8,522 - 8,522
From controlled investments 81,973 - 81,973
Total investment income 327,084 - 327,084
Expenses
Total incentive fees 30,761 - 30,761
Management fee 38,787 - 38,787
Interest and other financing expenses 123,718 - 123,718
All other expenses (2,540) - (2,540)
Net expenses including income tax expense 190,726 - 190,726
Net investment income 136,358 - 136,358
Net realized and unrealized losses (119,385) (35,222) (154,607)
Net increase (decrease) in net assets resulting from operations 16,973 (35,222) (18,249)
Less: Net increase in net assets resulting from operations related to non-controlling interests in New Mountain Net Lease Corporation (485) - (485)
Net increase (decrease) in net assets resulting from operations related to New Mountain Finance Corporation $ 16,488 $ (35,222) $ (18,734)
(1) Pro forma adjustment represents the impact of the Asset Sale at 94% of December 31, 2025 fair value
New Mountain Finance Corporation published this content on March 13, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 13, 2026 at 21:12 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]