Company: NMFCZ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001496099-25-000027
Chunk: 236

Company: New Mountain Finance Corp
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 236
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 rate of SOFR plus 1.95% per annum. From July 29, 2024 to March 27, 2025, the Holdings Credit Facility bore interest at a rate of SOFR plus 2.15% per annum. From October 26, 2023 to July 28, 2024, the Holdings Credit Facility bore interest at a rate of SOFR plus 2.50%. The Holdings Credit Facility also charges a non-usage fee, based on the unused facility amount multiplied by the Non-Usage Fee Rate (as defined in the Loan and Security Agreement).

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The following table summarizes the interest expense, non-usage fees and amortization of financing costs incurred on the Holdings Credit Facility for the three and six months ended June 30, 2025 and June 30, 2024: Three Months EndedSix Months Ended June 30, 2025June 30, 2024June 30, 2025June 30, 2024Interest expense$3,982 $6,495 $9,015 $13,582 Non-usage fee$730 $500 $1,308 $1,008 Amortization of financing costs$667 $576 $1,244 $1,152 Weighted average interest rate6.3 %7.8 %6.5 %7.8 %Effective interest rate8.6 %9.3 %8.3 %9.2 %Average debt outstanding$251,167 $328,651 $280,737 $343,570 As of June 30, 2025 and December 31, 2024, the outstanding balance on the Holdings Credit Facility was $246,063 and $294,363, respectively, and NMF Holdings was in compliance with the applicable covenants of the Holdings Credit Facility on such dates.NMFC Credit Facility—The Second Amended and Restated Senior Secured Revolving Credit Agreement (as amended from time to time, and together with the related guarantee and security agreement, the "RCA"), dated September 30, 2024, among the Company, as the Borrower, Sumitomo Mitsui Banking Corporation, as the Administrative Agent, and the Lenders, as outlined in the RCA (the "NMFC Credit Facility"), is structured as a senior secured revolving credit facility. The NMFC Credit Facility is guaranteed by