Welcome to our dedicated page for New Mountain Finance SEC filings (Ticker: NMFC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
New Mountain Finance Corporation filings document the regulatory record of a closed-end management investment company focused on direct lending. Its disclosures cover operating results, net investment income, distributions, net asset value, portfolio composition, credit quality and investment exposure across sectors such as software, business services and healthcare.
Material-event filings also describe credit-facility amendments, revolving loan arrangements, stock repurchase authorization, completed asset-sale activity, officer and board governance matters, and listed securities including common stock and 8.250% notes due 2028. Proxy materials cover director elections, auditor ratification and annual meeting voting matters.
New Mountain Finance Corporation outlines its 2025 business and investment profile as a publicly traded BDC focused on senior secured lending to U.S. sponsor-backed middle market companies. The company operates as a regulated investment company and is externally managed by New Mountain Finance Advisers, L.L.C., part of New Mountain Capital.
As of December 31, 2025, the investment portfolio had a fair value of about $2.742 billion across 113 portfolio companies, invested 66.3% in first lien loans, 3.3% in second lien loans, 4.4% in subordinated debt, 0.1% in structured finance obligations and 25.8% in equity and other. The weighted average yield to maturity at cost on income-producing investments was approximately 10.5%. Top industry exposures were software, business services and healthcare, and the ten largest portfolio positions represented 33.2% of total assets. The aggregate market value of common stock held by non‑affiliates was $994.0 million based on a June 30, 2025 closing price of $10.55, with 100,806,575 shares outstanding as of February 24, 2026.
New Mountain Finance Corporation reported fourth-quarter 2025 net investment income of $33.0 million, or $0.32 per share, fully covering its $0.32 quarterly distribution. Net asset value per share declined to $11.52 from $12.06 as of September 30, 2025.
The company signed a definitive agreement to sell $477 million of assets at 94% of December 31, 2025 fair value to diversify the portfolio, reduce payment-in-kind income and enhance financial flexibility. Management also plans to permanently reduce NMFC’s incentive fee to 15% over an 8% hurdle.
NMFC declared a first-quarter 2026 distribution of $0.32 per share, payable March 31, 2026, to holders of record on March 17, 2026, but expects to reduce the dividend to $0.25 per share starting in Q2 2026 as base rates fall and the asset mix becomes more senior-focused.
New Mountain Finance Corp. director John P. Malfettone has filed an initial statement of beneficial ownership. As of the event date, he directly beneficially owns 77,500 shares of New Mountain Finance Corp. common stock. The filing is a routine disclosure of his shareholdings as a company director and does not describe any new purchase or sale activity, only the number of shares he holds.
New Mountain Finance Corporation reported that long-serving director Alfred F. Hurley, Jr., a board member since 2010, has decided to retire from the Board of Directors. The company states that his retirement is not the result of any disagreement with the company, and it has posted a statement about his retirement on its website.
To fill the vacancy, the Board appointed John P. Malfettone as a director effective January 15, 2026. He will also serve on the Audit, Nominating and Corporate Governance, Compensation, and Valuation Committees. The filing highlights his prior roles with New Mountain affiliates, Alvarez & Marsal, Clayton, Dubilier & Rice, Oak Hill Capital Partners, General Electric, and KPMG, as well as his CPA credentials and charitable activities. The company notes there are no arrangements, family relationships, or related-party transactions associated with his appointment that require disclosure.
New Mountain Finance Corporation (NMFC) filed its Q3 2025 10‑Q outlining portfolio composition and credit status as of September 30, 2025. The filing lists investments across first‑lien, second‑lien, subordinated debt, structured finance obligations, and equity and warrants, with broad exposure to sectors including software, business services, healthcare, consumer services, education, energy and others. Instruments span floating‑rate and fixed‑rate debt.
Several positions are disclosed on non‑accrual status as of September 30, 2025, including American Achievement Corporation, National HME, Inc. (second lien), and Eclipse Topco Holdings, Inc. (junior preferred shares). The report enumerates numerous drawn and undrawn facilities and delayed‑draw terms across many portfolio companies, indicating ongoing funding commitments.
The company also references notes labeled 6.20% due 2027, 8.25% due 2028, and 6.875% due 2029, and membership interests in NMFC Senior Loan Program III and IV. Geographic tags include the U.S., U.K., Australia, Jersey, and Hong Kong.
New Mountain Finance Corporation reported that it issued a press release announcing financial results for the quarter ended September 30, 2025, and declared a fourth quarter 2025 distribution of $0.32 per share.
The distribution is payable on December 31, 2025 to shareholders of record as of December 17, 2025. The company also posted a supplemental investor presentation tied to the earnings release on its website.
New Mountain Finance Corporation authorized a new stock repurchase program of up to $100 million of its common stock, replacing a prior program that terminated on October 8, 2025 after repurchasing $50 million. Repurchases are at management’s discretion and must follow the Company’s Code of Ethics and Rule 10b-18 constraints. The program ends on the earlier of completing $100 million in repurchases or December 31, 2026.
The Company also entered into a Third Amended and Restated Uncommitted Revolving Loan Agreement on October 27, 2025, extending the Facility’s maturity from December 2027 to December 2030. The lender is NMF Investments III, L.L.C., an affiliate of the Company’s investment adviser. The facility remains discretionary and unsecured, with advances considered from time to time during the facility period.
New Mountain Finance Corp director Steven B. Klinsky reported indirect open-market purchases of company common stock on September 16, 2025. Trusts associated with him bought 21,339 shares and 85,352 shares at $9.7813 per share.
After these transactions, one trust holds 965,111 shares and another holds 4,370,857 shares. Klinsky also reports 109,251.61 shares directly and additional indirect holdings through several long-term and revocable family trusts. He disclaims beneficial ownership of many of these positions except to the extent of his pecuniary interest.
Adam B. Weinstein, EVP, CAO and Director of New Mountain Finance Corp (NMFC), reported an insider purchase of 49,750 shares of NMFC common stock on 09/15/2025 at a reported price of $10.0267 per share (Transaction Code P). After the reported transaction Mr. Weinstein is shown as beneficially owning 652,490.08 shares (direct ownership). The filing states that the total includes shares acquired under the issuer's dividend reinvestment plan since his prior Form 4 filed on November 6, 2024. The Form 4 is signed by Mr. Weinstein on 09/16/2025.
David Ogens, a director of New Mountain Finance Corporation (NMFC), reported acquisitions of common stock dated 08/11/2025. He acquired 18,000 shares directly at a reported price of $10.23, bringing his direct beneficial ownership to 216,189 shares. He also reported two indirect acquisitions held through family-benefit trusts: 4,000 shares at $10.257 (indirect holdings reported as 12,000 shares) and 4,000 shares at $10.2199 (indirect holdings reported as 16,000 shares).
The filing states these additions include shares acquired under NMFC's dividend reinvestment plan since Mr. Ogens' prior Form 4 on March 10, 2025. No derivative securities were reported.