Company: NMFCZ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001496099-25-000027
Chunk: 383

Company: New Mountain Finance Corp
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 383
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 as a benchmark rate for certain assets.

104

The following table summarizes the interest expense, non-usage fees and amortization of financing costs incurred on the NMFC Credit Facility for the three and six months ended June 30, 2025 and June 30, 2024: Three Months EndedSix Months Ended June 30, 2025June 30, 2024June 30, 2025June 30, 2024Interest expense$383 $1,101 $759 $1,754 Non-usage fee$513 $128 $1,087 $282 Amortization of financing costs$187 $53 $371 $107 Weighted average interest rate5.0 %7.0 %5.2 %7.1 %Effective interest rate14.3 %8.2 %15.3 %8.7 %Average debt outstanding$30,315 $63,131 $29,314 $49,430 As of June 30, 2025, the outstanding balance on the NMFC Credit Facility was $31,372, which included €16,512 denominated in Euro ("EUR") and £8,666 denominated in British Pound Sterling ("GBP") that has been converted to U.S. dollars. As of December 31, 2024, the outstanding balance on the NMFC Credit Facility was $27,944, which included €16,512 denominated in EUR and £8,666 denominated in GBP that has been converted to U.S. dollars. Unsecured Management Company Revolver—The Uncommitted Revolving Loan Agreement (the "Uncommitted Revolving Loan Agreement"), dated March 30, 2020, by and between the Company, as the Borrower, and NMF Investments III, L.L.C., as Lender, an affiliate of the Investment Adviser (the "Unsecured Management Company Revolver"),  is structured as a discretionary unsecured revolving credit facility. The proceeds from the Unsecured Management Company Revolver may be used for general corporate purposes, including the funding of portfolio investments. As of the amendment on October 31, 2023, the maturity date of the Unsecured Management Company Revolver is December 31, 2027. As of the amendment on October 31, 2023, the Unsecured Management Company Revolver bears interest at the Applicable Federal Rate. As of December