Company: NMFCZ
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001496099-25-000035
Chunk: 268

Company: New Mountain Finance Corp
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 268
---
 income statement captions. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and interim periods beginning with the first quarter ended March 31, 2028. Early adoption and retrospective application is permitted. The Company is currently assessing the impact of this guidance, however, the Company does not expect a material impact on its consolidated financial statements.

Note 14. Segment Reporting

The Company operates through a single operating and reporting segment with an investment objective to generate both current income and capital appreciation through debt and equity investments. The chief operating decision maker ("CODM") is the Company’s Chief Executive Officer and the CODM assesses the performance and makes operating decisions of the Company on a consolidated basis primarily based on the Company’s net increase in stockholders’ equity resulting from operations (“net income”). In addition to numerous other factors and metrics, the CODM utilizes net income as a key metric in determining the amount of dividends to be distributed to the Company’s stockholders. As the Company’s operations comprise of a single reporting segment, the segment assets are reflected on the accompanying consolidated balance sheet as “total assets” and the significant segment expenses are listed on the accompanying consolidated statement of operations.

Note 15. Subsequent Events

On October 15, 2025, the Company repaid the outstanding principal of $258,777 and accrued but unpaid interest in cash on the 2022 Convertible Notes, which matured on October 15, 2025.On October 23, 2025, the Company's board of directors authorized and established the Repurchase Program for the purpose of repurchasing up to $100,000 worth of the Company's common stock. The Company expects the Repurchase Program to be in place until the earlier of December 31, 2026 or until $100,000 of its outstanding shares of common stock have been repurchased.  On October 27, 2025, the Company entered into the Third Amended and Restated Uncommitted Revolving Loan Agreement, which amended the Unsecured Management Company Revolver to, among other things, extend the maturity date from December 31, 2027 to December 31, 2030.On October 28, 2025, the Company’s board of directors declared a fourth quarter 2025 distribution of $0.32 per share, payable on December 31, 2025 to holders of record as of December 17, 2025.

116

REPORT OF INDEPENDENT REGISTERED PUBLIC