New Mountain Finance "announced that on December 22, 2022 its board of directors authorized an extension of a previously established stock repurchase program. Pursuant to the Repurchase Program, the Company can repurchase up to $50 million worth of its common stock at the discretion of NMFC‘s management team. The Repurchase Program was set to expire on December 31, 2022, but the Company’s board of directors elected to extend the Repurchase Program through December 31, 2023. Unless further extended by NMFC’s board of directors, the Company expects the Repurchase Program to be in place until the earlier of December 31, 2023 or until $50M worth of NMFC’s outstanding shares of common stock have been repurchased. To date, approximately $2.9M worth of repurchases have been made by the Company under the Repurchase Program."
Published first on TheFly
