Company: NMFCZ
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001496099-25-000035
Chunk: 283

Company: New Mountain Finance Corp
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 283
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SLP IV is capitalized with equity contributions which were transferred and contributed from its members. As of September 30, 2025, we and SkyKnight Alpha have transferred and contributed $112.4 million and $30.6 million, respectively, of their membership interests in SLP I and SLP II to SLP IV. Our investment in SLP IV is disclosed on our Consolidated Schedule of Investments as of September 30, 2025 and December 31, 2024. 

On May 5, 2021, SLP IV entered into a revolving credit facility with Wells Fargo Bank, National Association. As of

the amendment on July 11, 2025, the maturity date of SLP IV's revolving credit facility was extended from March 27, 2029 to

July 11, 2030. 

As of the amendment on July 11, 2025, SLP IV's revolving credit facility has a maximum borrowing capacity of

$600.0 million, of which $530.0 million of the facility amount is attributed to Class A lenders and $70.0 million of the facility amount is attributed to Class B lenders.  Prior to the amendment on July 11, 2025, SLP IV's revolving credit facility had a maximum borrowing capacity of $370.0 million, with the full amount attributable to one class of lenders.As of the amendment on July 11, 2025, Class A advances bears interest at a rate of SOFR plus 1.50% and Class B advances bear interest at a rate of SOFR plus 4.75%. From December 20, 2024 to July 11, 2025, the facility bore interest at a rate of SOFR plus 1.50%. From March 27, 2024 to December 20, 2024, the facility bore interest at a rate of SOFR plus 1.90%. From April 28, 2023 to March 27, 2024, the facility bore interest at a rate of SOFR plus 1.70%. 

As of September 30, 2025 and December 31, 2024, SLP IV had total investments with an aggregate fair value of approximately $525.3 million and $469.3 million, respectively, and debt outstanding under its credit facility of $380.7 million and $334.4 million, respectively. As of September 30, 2025 and December 31,