Holly Madison and boyfriend Pasquale Rotella are officially parents.

"Pasquale and I welcomed our first child, a baby girl!" the 33-year-old former Holly's World and The Girls Next Door star told In Touch Weekly.

"We haven't yet decided on a name for her but we couldn't be any more overjoyed than at this moment."

Madison and Rotella's new baby reportedly arrived at 11:59AM on Tuesday and weighed-in at seven pounds and two ounces.

"I've never been more in love than I am today as, after months of waiting, I finally was able to hold my daughter for the first time," added Rotella, 38. "Holly and I are looking forward to spending some quiet time with our baby and enjoying our new family. I'm truly the luckiest man in the world."

Now that Madison is finally a mom, modeling for Playboy will apparently be a thing of her past.

"Having a child changes your perspective," Madison told In Touch. "You want to do things that will make them proud of you."

Madison and Rotella announced they were expecting their first child together in late August.

Madison and Hugh Hefner, Playboy's founder and editor-in-chief, split in the Fall of 2008 after they determined they wanted different things out of their relationship. Madison desired to get married and have children, while Hefner was hesitant to wed again after two failed marriages that ended in divorce.

However, Hefner tied the knot with 26-year-old Playmate Crystal Harris on New Year's Eve. 

Holly's World, originally titled Planet Holly, first premiered in December 2009 as a one-off special. However, its impressive ratings led E! to order an eight-episode season which debuted in June 2010.

The network premiered a second season of Holly's World in January 2011, but the series was canceled after the second season concluded in April of that year.