Company: NMFCZ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001496099-25-000027
Chunk: 292

Company: New Mountain Finance Corp
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 292
---
 $19.8 million and $67.7 million, respectively, including $0.0 million and $0.0 million of offering expenses, from these sales.

We generally use net proceeds from these ATM offerings to make investments, to pay down liabilities and for general corporate purposes. As of June 30, 2025, shares representing approximately $258.0 million of our common stock remain available for issuance and sale under the Distribution Agreement.

Off-Balance Sheet Agreements

We may become a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financial needs of our portfolio companies. These instruments may include commitments to extend credit and involve, to varying degrees, elements of liquidity and credit risk in excess of the amount recognized in the balance sheet. As of June 30, 2025 and December 31, 2024, we had outstanding commitments to third parties to fund investments totaling $261.1 million and $243.7 million, respectively, under various undrawn revolving credit facilities, delayed draw commitments or other future funding commitments.

We may from time to time enter into financing commitment letters or bridge financing commitments, which could require funding in the future. As of June 30, 2025 and December 31, 2024, we had commitment letters to purchase investments in an aggregate par amount of $97.4 million and $83.6 million, respectively. As of June 30, 2025 and December 31, 2024, we had not entered into any bridge financing commitments which could require funding in the future.

134

Contractual Obligations

A summary of our significant contractual payment obligations as of June 30, 2025 is as follows:

 Contractual Obligations Payments Due by Period(in millions)TotalLess than1 Year1 - 3 Years3 - 5 YearsMore than5 YearsUnsecured Notes(1)$990.0 $200.0 $375.0 $415.0 $— SBA-guaranteed debentures(2)262.5 80.2 32.3 99.0 51.0 2022 Convertible Notes(3)258.8 258.8 — — — Holdings Credit Facility(4)246.1 — — 246.1 — NMFC Credit Facility(5)31.4 — —