Company: NMFCZ
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001496099-25-000035
Chunk: 250

Company: New Mountain Finance Corp
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 250
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38 per share for the 2022 Convertible Notes. In no event would the total number of shares of common stock issuable upon conversion exceed 80.7754 per $1 principal amount of the 2022 Convertible Notes. The Company has determined that the embedded conversion option in the 2022 Convertible Notes is not required to be separately accounted for as a derivative under GAAP.Prior to the maturity of the 2022 Convertible Notes, the 2022 Convertible Notes were unsecured obligations and ranked senior in right of payment to the Company’s existing and future indebtedness, if any, that is expressly subordinated in right of payment to the 2022 Convertible Notes; equal in right of payment to the Company’s existing and future unsecured indebtedness that is not so subordinated; effectively junior in right of payment to any of the Company’s secured indebtedness (including existing unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness; and structurally junior to all existing and future indebtedness (including trade payables) incurred by the 

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Company’s subsidiaries and financing vehicles. As reflected in Note 11. Earnings Per Share, the issuance is considered part of the if-converted method for calculation of diluted earnings per share.The following table summarizes the interest expense, amortization of financing costs and amortization of premium incurred on the 2022 Convertible Notes for the three and nine months ended September 30, 2025 and September 30, 2024: Three Months EndedNine Months Ended September 30, 2025September 30, 2024September 30, 2025September 30, 2024Interest expense$4,852 $4,875 $14,570 $14,625 Amortization of financing costs$430 $410 $1,282 $1,210 Amortization of premium$(29)$(30)$(74)$(87)Weighted average interest rate7.5 %7.5 %7.5 %7.5 %Effective interest rate8.1 %8.1 %8.1 %8.1 %Average debt outstanding$258,777 $260,000 $259,022 $260,000 As of September 30, 2025 and December 31, 2024, the outstanding balance on the 2022