New Mountain Private Credit Fund 8-K

What Happened

• New Mountain Private Credit Fund announced a regular distribution of $0.19 per share on May 26, 2026, payable on or about June 30, 2026, to shareholders of record at the open of business on May 29, 2026. Shareholders may receive the distribution in cash or reinvest it through the fund’s distribution reinvestment plan.
• The fund sold 11,364 common shares in its ongoing monthly private offering during May 2026 at $23.32 per share for aggregate consideration of approximately $265,000; the offering was made under Section 4(a)(2) and Rule 506 of Regulation D (unregistered sale).
• The fund reported its net asset value (NAV) per share was $23.32 as of April 30, 2026. As of that date, aggregate NAV was about $962.5 million, the investment portfolio’s fair value was about $1,860.2 million, and outstanding debt (principal) was approximately $975.4 million. The average debt-to-equity leverage ratio for April 2026 was ~1.06x. The fund has $1,510.0 million in committed debt capacity (100% floating rate; 77% secured, 23% unsecured), with certain notes classified as floating due to interest-rate swaps.

Key Details

• Distribution: $0.19 per share; record date May 29, 2026; payable on or about June 30, 2026; cash or reinvestment option.
• Private offering (May 2026): 11,364 shares at $23.32/share; total ≈ $265,000; sold under Reg D Rule 506 (unregistered).
• NAV and portfolio (4/30/2026): NAV $23.32/share; aggregate NAV ≈ $962.5M; portfolio fair value ≈ $1,860.2M.
• Leverage and capacity: debt outstanding ≈ $975.4M; average debt-to-equity ≈ 1.06x (April); committed debt capacity ≈ $1,510.0M (100% floating; 77% secured/23% unsecured).

Why It Matters

• The declared distribution signals the fund is continuing regular cash returns (or reinvestment) to shareholders, relevant for income-focused investors.
• NAV and portfolio size provide a snapshot of the fund’s scale and per-share value as of April 30, 2026.
• Reported leverage (about 1.06x) and nearly $1.51 billion in committed debt capacity indicate the fund’s borrowing position and ability to finance new investments, while the floating-rate composition and use of interest-rate swaps affect interest-rate exposure.
• The ongoing private offering (Reg D) is a monthly channel for the fund to raise equity directly from investors; May’s issuance was small relative to the fund’s total NAV.