Company: NMFCZ
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001496099-25-000035
Chunk: 258

Company: New Mountain Finance Corp
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 258
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, 202713,000 2.518 %0.742 %March 21, 2018March 1, 202815,255 3.187 %0.742 %Fixed SBA-guaranteed debentures(2):September 19, 2018September 1, 202815,000 3.548 %0.222 %September 25, 2019September 1, 202919,000 2.283 %0.222 %March 25, 2020March 1, 203041,000 2.078 %0.222 %March 25, 2020March 1, 203024,000 2.078 %0.275 %September 23, 2020September 1, 203051,000 1.034 %0.275 %Total SBA-guaranteed debentures $196,205   (1)SBA-guaranteed debentures are held by SBIC I.(2)SBA-guaranteed debentures are held by SBIC II.Prior to pooling, the SBA-guaranteed debentures bear interest at an interim interest rate equal to the Federal Home Loan Bank of Chicago's Fixed Regular Advance Rate (Bank Advance Rate), plus 41 basis points. Once pooled, which occurs in March and September each year, the SBA-guaranteed debentures bear interest at a fixed rate that is set to the current 10-year treasury rate plus a spread at each pooling date.The following table summarizes the interest expense and amortization of financing costs incurred on the SBA-guaranteed debentures for the three and nine months ended September 30, 2025 and September 30, 2024: Three Months EndedNine Months EndedSeptember 30, 2025September 30, 2024September 30, 2025September 30, 2024Interest expense$1,588 $2,043 $5,247 $6,084 Amortization of financing costs$203 $253 $659 $753 Weighted average interest rate2.6 %2.7 %2.7 %2.7 %Effective interest rate3.0 %3.0 %3.0 %3.0 %Average debt outstanding$240,882