Company: NMFCZ
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001496099-25-000035
Chunk: 257

Company: New Mountain Finance Corp
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 257
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 year maturities. The SBA, as a creditor, will have a superior claim to the assets of SBIC I, SBIC II and SBIC III over the Company's stockholders in the event SBIC I, SBIC II and SBIC III are liquidated or the SBA exercises its remedies upon an event of default.

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On February 28, 2025, SBIC I repaid $37,500 of SBA-guaranteed debentures that were set to mature on March 1, 2025. On August 29, 2025, SBIC I repaid $66,295 of SBA-guaranteed debentures that were set to mature on September 1, 2025. As of September 30, 2025 and December 31, 2024, SBIC I had regulatory capital of $75,000 and $75,000, respectively, and SBA-guaranteed debentures outstanding of $46,205 and $150,000, respectively. As of September 30, 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. SBIC III received a license to operate as a SBIC on July 15, 2025. As of September 30, 2025, SBIC III had regulatory capital of $3,375 and no SBA-guaranteed debentures outstanding.The following table summarizes the Company’s SBA-guaranteed debentures as of September 30, 2025:Issuance DateMaturity DateDebenture AmountInterest RateSBA Annual ChargeFixed SBA-guaranteed debentures(1):    March 23, 2016March 1, 202613,950 2.507 %0.742 %September 21, 2016September 1, 20264,000 2.051 %0.742 %September 20, 2017September 1