Recent Updates — NMFC

The board of directors authorized an extension of the company's existing stock repurchase program, which allows for up to $150 million in share buybacks. The program was originally set to expire on December 31, 2026, but has been extended through December 31, 2027. Approximately $70 million worth of shares have already been repurchased under the current authorization. The extension aims to provide flexibility to capitalize on potential undervaluation amidst market volatility. New Mountain Finance Corporation is a business development company focused on providing direct lending solutions to U.S. middle-market companies backed by private equity sponsors.