New Mountain Finance Corp 8-K

What Happened

• New Mountain Finance Corp completed an asset sale on March 10, 2026, selling approximately $468.0 million (adjusted for partial paydowns after Feb 21, 2026) of portfolio assets at 94% of their fair value as of December 31, 2025. The purchasers were Eagle Credit CV, L.P., Eagle Credit Holdings SPV, L.P. and Eagle Credit Sub Blocker L.P.
• On March 12, 2026, the company entered into the Fifteenth Amendment and Waiver to its Third Amended and Restated Loan and Security Agreement, which (i) extends the Revolving Period End Date from March 2028 to March 2029, (ii) extends the Facility Maturity Date from March 2030 to March 2031, and (iii) reduces the Applicable Spread used to set the interest rate from 1.95% to 1.85%.
• The company filed unaudited pro forma consolidated financial statements reflecting the Asset Sale as Exhibit 99.1 to the Form 8-K.

Key Details

• Asset Sale: ~ $468.0 million of investments sold; sale price = 94% of fair value as of 12/31/2025; closing date March 10, 2026.
• Purchasers: Eagle Credit CV, L.P.; Eagle Credit Holdings SPV, L.P.; Eagle Credit Sub Blocker L.P.
• Loan amendment date: March 12, 2026 — Revolving Period End Date extended to March 2029; Facility Maturity Date extended to March 2031.
• Interest terms: Applicable Spread reduced to 1.85% (from 1.95%).
• Pro forma financials reflecting the transaction are included as Exhibit 99.1.

Why It Matters

• The asset sale meaningfully reduces the company’s invested portfolio and will be reflected in its pro forma financial statements, which investors should review to understand post-transaction assets, leverage and reported results.
• The loan amendment extends the company’s borrowing timeline by about one year on both the revolving and maturity dates and modestly lowers the interest spread (10 basis points), which can affect future interest expense and liquidity flexibility.
• Together, these transactions change portfolio size and debt terms—key items for shareholders evaluating New Mountain Finance’s balance sheet, income potential, and financing flexibility.