New Mountain Finance Corporation Reports Q3 Net Investment Income of $33.9 Million
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New Mountain Finance Corporation reported Q3 net investment income of $33.9 million, with a net increase in net assets from operations of $12.2 million, down from $23.9 million year-over-year. Basic earnings per share decreased to $0.11 from $0.22. The net asset value per share was $12.06, down from $12.55. The company had cash and cash equivalents of $63.7 million and total statutory debt of $1,588.9 million, with a debt to equity ratio of 1.26x. It also had $1,018.0 million available on credit facilities and repaid its 2022 Convertible Notes after the quarter.
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