Company: NMFCZ
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001496099-25-000035
Chunk: 404

Company: New Mountain Finance Corp
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 404
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ure thereto dated September 26, 2024 (together, with the Fourth Supplemental Indenture and the Fifth Supplemental Indenture, the "Indenture"). The 6.200% Unsecured Notes bear interest at an annual rate of 6.200%, payable semi-annually on April 15 and October 15 of each year, beginning on April 15, 2025. The Company may redeem the 6.200% Unsecured Notes, in whole or in part, at any time prior to October 15, 2027, at par plus a "make-whole" premium and accrued interest.The Unsecured Notes are unsecured obligations and rank 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 Unsecured 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 Company’s subsidiaries and financing vehicles.The following table summarizes the interest expense and amortization of financing costs incurred on the Unsecured 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(1)$16,385 $12,277 $47,979 $33,765 Amortization of financing costs$827 $526 $2,440 $1,539 Amortization of discount$314 $165 $932 $422 Weighted average interest rate6.5 %6.7 %6.5 %6.5 %Effective interest rate7.1 %7.3 %6.9 %7.0 %Average debt outstanding$990,000 $706,304 $990,000 $676,414 (1)Interest expense includes net expense recognized on fair value hedges.As of September 30, 2025 and December 31, 2024, the outstanding