New Mountain Finance Corporation Announces Preliminary Estimates of Fourth Quarter 2023 Operating Results
18 Janeiro 2024 - 9:00AM
Business Wire
New Mountain Finance Corporation (NASDAQ: NMFC) (“NMFC”, “the
Company”, “we” or “our”) today announced its preliminary estimates
of its financial condition and results of operations as of and for
the three months ended December 31, 2023, which are estimated as of
January 17, 2024.
We estimate that our net investment income per share for the
three months ended December 31, 2023 was between $0.39 per share
and $0.40 per share, calculated using 101,638,346 weighted average
shares for the three months ended December 31, 2023. We estimate
that our net asset value per share as of December 31, 2023 was
between $12.85 per share and $12.90 per share. This estimate is net
of the $0.10 per share special dividend that was paid on December
29, 2023. We estimate that our statutory leverage ratio as of
December 31, 2023 was 1.14x and our statutory leverage ratio net of
available cash was 1.10x.
NMFC will release its finalized fourth quarter 2023 operating
results on February 26, 2024.
ABOUT NEW MOUNTAIN FINANCE CORPORATION
New Mountain Finance Corporation (NASDAQ: NMFC) is a leading
business development company (BDC) focused on providing direct
lending solutions to U.S. middle market companies backed by top
private equity sponsors. Our portfolio consists primarily of senior
secured loans, and select junior capital positions, to growing
businesses in defensive industries that offer attractive
risk-adjusted returns. Our differentiated investment approach
leverages the deep sector knowledge and operating resources of New
Mountain Capital, a global investment firm with over $45 billion of
assets under management as of September 30, 2023.
ABOUT NEW MOUNTAIN CAPITAL
New Mountain Capital is a New York-based investment firm that
emphasizes business building and growth, rather than debt, as it
pursues long-term capital appreciation. The firm currently manages
private equity, credit and net lease investment strategies with
over $45 billion in assets under management. New Mountain seeks out
what it believes to be the highest quality growth leaders in
carefully selected industry sectors and then works intensively with
management to build the value of these companies.
FORWARD-LOOKING STATEMENTS
Statements included herein may contain “forward-looking
statements” with respect to the business and investments of the
Company, including, but not limited to, the preliminary estimates
of its financial information and results for the three months ended
December 31, 2023, which are based on current information available
to the Company as of the date hereof. The preliminary financial
estimates furnished above are based on our management’s preliminary
determinations and current expectations as of January 17, 2024, and
such information is inherently uncertain. The preliminary financial
estimates provided herein have been prepared by, and are the
responsibility of, management. Neither Deloitte & Touche LLP,
our independent registered public accounting firm, nor any other
independent accountants have audited, reviewed, compiled, or
performed any procedures with respect to the preliminary financial
data set forth above. Accordingly, Deloitte & Touche LLP does
not express an opinion or any form of assurance with respect
thereto and assumes no responsibility for, and disclaims any
association with, this information.
The preliminary financial estimates may not align with the
Company’s actual results of operations for the period, which will
not be known until the Company completes its customary financial
year-end closing, including the determination of the fair value of
the Company’s portfolio investments, final adjustments and other
developments that arise between now and the time that our financial
results for the fiscal year ended December 31, 2023 are finalized.
Actual results could differ materially from the current preliminary
financial estimates based on adjustments made during the Company’s
year-end closing and audit procedures, and the Company’s reported
information in its Annual Report on Form 10-K for the fiscal year
ended December 31, 2023 may differ from this information, and any
such differences may be material. In addition, the information
provided above does not include all of the information regarding
the Company’s financial condition and results of operations for the
three months ended December 31, 2023 that may be important to
readers. As a result, readers are cautioned not to place undue
reliance on the information herein and should view this information
in the context of the Company’s full fourth quarter 2023 results
when such results are disclosed by the Company in its Annual Report
on Form 10-K for the fiscal year ended December 31, 2023. The
information provided above is based on our management’s current
expectations that involve substantial risks and uncertainties that
could cause actual results to differ materially from the results
expressed in, or implied by, such information.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240116635149/en/
New Mountain Finance Corporation Investor Relations Laura C.
Holson, Authorized Representative NMFCIR@newmountaincapital.com
(212) 220-3505
New Mountain Finance (NASDAQ:NMFC)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
New Mountain Finance (NASDAQ:NMFC)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024