Company: NMFCZ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001496099-25-000018
Chunk: 302

Company: New Mountain Finance Corp
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 302
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 table summarizes the levels in the fair value hierarchy that the Company’s portfolio investments fall into as of December 31, 2024: TotalLevel ILevel IILevel IIIFirst lien$1,956,608 $— $53,998 $1,902,610 Second lien197,050 — 46,716 150,334 Subordinated102,034 — — 102,034 Structured Finance Obligations3,232 — 3,232 — Equity and other832,100 — — 832,100 Total investments$3,091,024 $— $103,946 $2,987,078 The following table summarizes the changes in fair value of Level III portfolio investments for the three months ended March 31, 2025, as well as the portion of appreciation (depreciation) included in income attributable to the net change in unrealized appreciation (depreciation) related to those assets and liabilities still held by the Company at March 31, 2025: TotalFirst LienSecond LienSubordinatedStructured Finance ObligationsEquity andotherFair Value, December 31, 2024$2,987,078 $1,902,610 $150,334 $102,034 $— $832,100 Total gains or losses included in earnings:Net realized gains (losses) on investments37,668 67 (2,229)— — 39,830 Net change in unrealized (depreciation) appreciation of investments(47,770)(712)(128)163 — (47,093)Purchases, including capitalized PIK and revolver fundings(1)203,575 125,756 4,255 2,751 — 70,813 Proceeds from sales and paydowns of investments(1)(227,559)(98,076)(27,228)— — (102,255)Transfers into Level III(2)3,232 — — — 3,232 — Fair Value, March 31, 2025$2,956,224 $1,929,645 $125,004 $104,948 $3,232 $793,395 Net change in unrealized (depreciation) appreciation for the period relating