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New Mountain Finance Corporation Announces the Extension of its Stock Repurchase Program

  • New Mountain Finance Corporation (NMFC) board authorized extension of its stock repurchase program on October 20, 2026.
  • The program allows repurchase of up to $150 million of common stock & is now valid through December 31, 2027.
  • Approximately $70 million of repurchases have been completed to date under the program.
  • NMFC cites sustained market volatility & uncertainty as reasons for extending the program to address potential stock undervaluation.
  • Future repurchases depend on market conditions, alternative investment opportunities, & compliance with Rule 10b-18 & the Investment Company Act of 1940.
  • The program is not mandatory & includes no assurance that additional shares will be repurchased.
  • NMFC is a business development company focused on direct lending to U.S. middle-market companies backed by private equity sponsors.