Company: NMFCZ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001496099-25-000018
Chunk: 334

Company: New Mountain Finance Corp
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 334
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 In June 2018, legislation amended the 1958 Act by increasing the individual leverage limit from $150,000 to $175,000, subject to SBA approvals.

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As of March 31, 2025 and December 31, 2024, SBIC I had regulatory capital of $75,000 and $75,000, respectively, and SBA-guaranteed debentures outstanding of $112,500 and $150,000, respectively. On February 28, 2025, $37,500 of SBA-guaranteed debentures that were to mature on March 1, 2025, were repaid. As of March 31, 2025 and December 31, 2024, SBIC II had regulatory capital of $75,000 and $75,000, respectively, and SBA-guaranteed debentures outstanding of $150,000 and $150,000, respectively. The SBA-guaranteed debentures incur upfront fees of 3.435%, which consists of a 1.00% commitment fee and a 2.435% issuance discount, which are amortized over the life of the SBA-guaranteed debentures. The following table summarizes the Company’s SBA-guaranteed debentures as of March 31, 2025:Issuance DateMaturity DateDebenture AmountInterest RateSBA Annual ChargeFixed SBA-guaranteed debentures(1):    September 23, 2015September 1, 2025$37,500 2.829 %0.355 %September 23, 2015September 1, 202528,795 2.829 %0.742 %March 23, 2016March 1, 202613,950 2.507 %0.742 %September 21, 2016September 1, 20264,000 2.051 %0.742 %September 20, 2017September 1, 202713,000 2.518 %0.742 %March 21, 2018March 1, 202815,255 3.187 %0.742 %Fixed SBA-guaranteed debentures(2):September 19, 2018September 1, 202815,000 3.