Company: NMFCZ
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001496099-25-000010
Chunk: 262

Company: New Mountain Finance Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 262
---
2023, the facility bore interest at a rate of LIBOR plus 1.60% per annum. As of December 31, 2024 and December 31, 2023, SLP IV had total investments with an aggregate fair value of approximately $469.3 million and $467.9 million, respectively, and debt outstanding under its credit facility of $334.4 million and $306.5 million, respectively. As of December 31, 2024 and December 31, 2023, none of SLP IV’s investments were on non-accrual. Additionally, as of December 31, 2024 and December 31, 2023, SLP IV had unfunded commitments in the form of delayed draws of $1.2 million and $0.8 million, respectively. 

71

Below is a summary of SLP IV's consolidated portfolio as of December 31, 2024 and December 31, 2023:

(in thousands)December 31, 2024December 31, 2023First lien investments (1)$481,040 $482,776 Weighted average interest rate on first lien investments (2)8.54 %9.81 %Number of portfolio companies in SLP IV79 78 Largest portfolio company investment (1)$17,933 $17,400 Total of five largest portfolio company investments (1)$62,752 $67,838 

(1)Reflects principal amount or par value of investment.

(2)Computed as the all in interest rate in effect on accruing investments divided by the total principal amount of investments.

See Item 8.—Financial Statements and Supplementary Data—Note 3. Investments in this Annual Report on Form 10-K for a listing of the individual investments in SLP IV's consolidated portfolio as of December 31, 2024 and December 31, 2023, and additional information on certain summarized financial information for SLP IV as of December 31, 2024 and December 31, 2023, for the years ended December 31, 2024, December 31, 2023, and December 31, 2022.

New Mountain Net Lease Corporation

NMNLC was formed to acquire commercial real estate properties that are subject to "triple net" leases. NMNLC's investments are disclosed on our Consolidated Schedule of Investments as of December 31, 2024.

On