Trade New Mountain Finance Corp - NMFC CFD

New Mountain Finance Corporation Company profile

About New Mountain Finance Corp.

New Mountain Finance Corporation is a closed-end, non-diversified management investment company, which regulates as a business development company (BDC). The Company’s investment objective is to generate current income and capital appreciation through the sourcing and origination of debt securities at all levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities. The first lien debt may include traditional first lien senior secured loans or unitranche loans. Unitranche loans combine characteristics of traditional first lien senior secured loans as well as second lien and subordinated loans. Its primarily focused on the debt of defensive growth companies, which are defined as generally exhibiting the various characteristics, including sustainable secular growth drivers, high barriers to competitive entry, high free cash flow after capital expenditure and working capital needs, high returns on assets, and niche market dominance.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, New Mountain Finance Corp. revenues decreased 1% to $271M. Net income increased from $58.5M to $201.4M. Revenues reflect Interest income-non-affiliated decrease of 14% to $159.2M, Dividend income-controlled invstmnt decrease of 38% to $4.5M, Other income-controlled invstmnt decrease of 38% to $4.6M. Net income reflects Realized G/L on Investments Securities increase from $3.2M (expense) to $66.5M