|8-KFeb 13, 4:18 PM ET

New Mountain Private Credit Fund 8-K

Research Summary

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New Mountain Private Credit Fund Enters $50M Revolving Loan Agreement

What Happened
New Mountain Private Credit Fund filed an 8-K disclosing that on February 9, 2026 it entered into an uncommitted revolving loan agreement with NMF Investments III, L.L.C., an affiliate of its adviser New Mountain Finance Advisers, L.L.C. The facility is a discretionary, unsecured revolving credit arrangement that allows for up to $50.0 million aggregate outstanding principal and matures on December 31, 2030. Interest is set at the mid-term applicable federal rate published by the IRS.

Key Details

  • Agreement date: February 9, 2026; maturity date: December 31, 2030.
  • Lender: NMF Investments III, L.L.C. (affiliate of the Company’s investment adviser).
  • Maximum borrowings: $50.0 million aggregate outstanding principal at any time.
  • Interest: mid-term applicable federal rate (IRS); repayment may be made in cash or in the Company’s common shares of beneficial interest, subject to applicable law (including the Investment Company Act of 1940).

Why It Matters
This agreement provides the Company with a potential source of liquidity and the ability to increase borrowings up to $50M if the lender approves advances; drawn amounts would be a direct financial obligation on the Company. Because the facility is uncommitted and discretionary, it does not guarantee funding — the lender must agree to each advance. The option to repay in shares could lead to equity dilution if used, and the lender’s affiliate relationship is a related-party arrangement that investors should note. The full loan agreement will be filed as an exhibit to the Company’s Form 10‑K for the year ended December 31, 2025.