New Mountain Private Credit Fund 8-K

What Happened
New Mountain Private Credit Fund filed an 8‑K on April 27, 2026 reporting three items: (1) a Board‑declared regular distribution of $0.19 per share (declared April 22, 2026) payable on or about May 29, 2026 to holders of record at the open of business April 30, 2026 (cash or reinvested under the DRIP); (2) the sale of 55,627 common shares in its ongoing monthly private offering for aggregate consideration of approximately $1.3 million at $23.37 per share (sale exempt under Section 4(a)(2) and Rule 506 of Regulation D); and (3) March 31, 2026 valuation and balance sheet metrics, including a NAV per share of $23.37.

Key Details

• Distribution: $0.19 per share declared April 22, 2026; record date April 30, 2026; payable ~May 29, 2026; payable in cash or via dividend reinvestment plan.
• Private offering: 55,627 shares issued in April for total consideration of ~$1,300,000 at $23.37 per share; offering continues monthly; sale exempt under Securities Act Rule 506/Section 4(a)(2).
• Financial metrics (as of March 31, 2026): NAV per share $23.37; aggregate NAV ≈ $961.0 million; investment portfolio fair value ≈ $1,984.3 million; debt outstanding (principal) ≈ $1,056.0 million.
• Leverage and capacity: average debt‑to‑equity leverage ratio for March 2026 ≈ 1.09x; committed debt capacity ≈ $1,510.0 million (100% floating rate by classification; 79% secured, 21% unsecured on drawn amounts). Note: some fixed notes are treated as floating for filing purposes due to interest rate swaps.

Why It Matters
The filing provides income and capital structure details investors watch in an interval/closed‑end credit vehicle: the declared $0.19 distribution affects near‑term cash flow or reinvestment choices, while the NAV and portfolio/debt figures show the Fund’s capital base and leverage level. The continued private share sales ($1.3M in April) indicate ongoing capital raising under the Fund’s private offering, which can modestly change shares outstanding and cash available for lending or investments. Together these items help investors assess yield, liquidity, and leverage risk without introducing new operational developments.