Company: NMFCZ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001496099-25-000018
Chunk: 176

Company: New Mountain Finance Corp
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 176
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/A$2,987,078      (1)Unobservable inputs were weighted by the relative fair value of the investments.(2)Fair value was determined based on transaction pricing or recent acquisition or sale as the best measure of fair value with no material changes in operations of the related portfolio company since the transaction date.The carrying value of the collateralized agreement approximates fair value as of March 31, 2025 and is considered a Level III investment. The fair value of other financial assets and liabilities approximates their carrying value based on the short-term nature of these items.The 2021A Unsecured Notes, 2022A Unsecured Notes, Holdings Credit Facility, SBA-guaranteed debentures and NMFC Credit Facility are considered Level III investments. The fair value of the 2022 Convertible Notes, the 8.250% Unsecured Notes, the 6.875% Unsecured Notes and the 6.200% Unsecured Notes are based on quoted prices and are considered Level II investments. See Note 7. Borrowings, for details. The following are the principal amounts and fair values of the Company’s borrowings as of March 31, 2025 and December 31, 2024. Fair value is estimated by discounting remaining payments using applicable current market rates, which take into account changes in the Company’s marketplace credit ratings or market quotes, if available.As of March 31, 2025December 31, 2024Principal AmountFair ValuePrincipal AmountFair ValueUnsecured Notes$990,000 $993,883 $990,000 $991,624 Holdings Credit Facility270,563 266,747 294,363 298,435 SBA-guaranteed debentures262,500 231,596 300,000 270,548 2022 Convertible Notes258,784 262,148 260,000 261,811 NMFC Credit Facility (1)29,059 28,678 27,944 26,812 Total Borrowings$1,810,906 $1,783,052 $1,872,307 $1,849,230  (1)     As of March 31, 2025, the principal amount of the NMFC Credit Facility was $29,059, which includes €16,512 denominated in EUR and £8,666 denominated in GBP that has been converted to U.S.