New Mountain Finance Corporation (NYSE:NMFC) Q1 2020 Earnings Conference Call - Final Transcript
May 07, 2020 • 10:00 am ET
Good morning and welcome to the New Mountain Finance Corporation's First Quarter 2020 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Rob Hamwee, CEO. Please go ahead.
Robert A. Hamwee
Thank you and good morning, everyone, and welcome to New Mountain Finance Corporation's first quarter earnings call for 2020. On the line with me here today are Steve Klinsky, Chairman of NMFC and CEO of New Mountain Capital; John Kline, President and COO of NMFC; and Shiraz Kajee, CFO of NMFC.
Before diving into the business update, we do want to recognize that we are living in a public health crisis that is taking a significant human toll on our communities across our country and around the globe. We hope that everyone is staying safe, and that you and your families remain in good health.
Turning to business, Steve Klinsky is going to make some introductory remarks, but before he does, I'd like to ask Shiraz to make some important statements regarding today's call.
Shiraz Y. Kajee
Thanks, Rob. Good morning everyone.
Before we get into the presentation, I would like to advise everyone that today's call and webcast are being recorded. Please note that they are the property of New Mountain Finance Corporation and any unauthorized broadcast in any form is strictly prohibited. Information about the audio replay of this call is available in our May 6, earnings press release. I would also like to call your attention to the customary safe-harbor disclosure in our press release and on Page 2 of the slide presentation regarding forward-looking statements.
Today's conference call and webcast may include forward-looking statements and projections and we ask that you refer to our most recent filings with the SEC for important factors that could cause actual results to differ materially from those statements and projections. We do not undertake to update our forward-looking statements or projections unless required to by law. To obtain copies of our latest SEC filings and to access the slide presentation that we will be referencing throughout this call, please visit our website at www.newmountainfinance.com.
At this time, I'd like to turn the call over to Steve Klinsky, NMFC's Chairman who will give some highlights beginning on Page 4 of slide presentation. Steve?
Steven B. Klinsky
It's great to be able speak to all of you today as both the manager of NMFC and as a fellow shareholder. The COVID pandemic has caused a great crisis for the nation both in human and economic terms. I want to first express all of our hopes that you and your own families are safe. Second, I want to summarize the overview charts on Page 4, Page 5 and Page 6 to explain how NMFC itself is working to stay safe and secure throughout this period.
As a bit of personal background, my own career began at Goldman Sachs in 1981 and has included the 1987 crash, the recession of