Company: NMFCZ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001496099-25-000018
Chunk: 223

Company: New Mountain Finance Corp
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 223
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 investments with an aggregate fair value of approximately $688.2 million and $715.1 million, respectively, and debt outstanding under its credit facility of $477.7 million and $511.2 million, respectively. As of March 31, 2025 and December 31, 2024, none of SLP III's investments were on non-accrual. Additionally, as of March 31, 2025 and December 31, 2024, SLP III had unfunded commitments in the form of delayed draws of $4.9 million and $2.7 million, respectively. 

Below is a summary of SLP III's portfolio as of March 31, 2025 and December 31, 2024:    

(in thousands)March 31, 2025December 31, 2024First lien investments (1)$710,505 $727,619 Weighted average interest rate on first lien investments (2)8.31 %8.49 %Number of portfolio companies in SLP III90 90 Largest portfolio company investment (1)$17,650 $17,697 Total of five largest portfolio company investments (1)$80,092 $80,215 

(1)Reflects principal amount or par value of investment.

(2)Computed as the all in interest rate in effect on accruing investments divided by the total principal amount of investments.

See Item 1.—Financial Statements and Supplementary Data—Note 3. Investments in this Quarterly Report on Form 10-Q for a listing of the individual investments in SLP III's portfolio as of March 31, 2025 and December 31, 2024 and additional information on certain summarized financial information for SLP III as of March 31, 2025 and December 31, 2024 and for the three months ended March 31, 2025 and March 31, 2024.

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NMFC Senior Loan Program IV LLC

NMFC Senior Loan Program IV LLC ("SLP IV") was formed as a Delaware limited liability company on April 6, 2021, and commenced operations on May 5, 2021. SLP IV is structured as a private joint venture investment fund between us and SkyKnight Income Alpha, LLC ("SkyKnight Alpha") and operates under the First Amended and Restated Limited Liability Company Agreement of NMFC Senior Loan Program IV LLC, dated May 5, 2021 (