New Mountain Finance Q2 Earnings Call Highlights
New Mountain Finance (NASDAQ: NMFC) reported Q2 total investment income of $61 million, down 11% from the prior quarter, and net expenses of about $37 million. NMFC repurchased about $9 million of stock at ~$8 per share (27% discount to book). At June 30, it had $2.4B assets, $1.0B NAV, and net debt-to-equity of 1.11. Management expects improved deal activity and potential exits to reduce PIK.




