Company: NMFCZ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001496099-25-000018
Chunk: 177

Company: New Mountain Finance Corp
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 177
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 dollars. As of March 31, 2025, the fair value of the NMFC Credit Facility was $28,678, which included €16,288 denominated in EUR and £8,560 denominated in GBP that has been converted to U.S. dollars. As of December 31, 2024, the principal amount of the NMFC Credit Facility was $27,944, which included €16,512 denominated in EUR and £8,666 denominated in GBP that has been converted to U.S. dollars. As of December 31, 2024, the fair value of the NMFC Credit Facility was 

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$26,812, which included €15,379 denominated in EUR and £8,700 denominated in GBP that has been converted to U.S. dollars. The following table summarizes the notional amounts and fair values of the Company's derivative instruments as of March 31, 2025. The Company's derivative instruments are considered Level II investments. As of March 31, 2025As of December 31, 2024Notional AmountFair ValueNotional AmountFair ValueAssetLiabilityAssetLiabilityDerivatives in fair value hedging relationships:Interest rate swaps$600,000 $3,117 $(3,368)$600,000 $— $(7,423)Total derivatives designated as hedging instruments600,000 3,117 (3,368)600,000 — (7,423)Total derivatives600,000 3,117 (3,368)600,000 — (7,423)Total net derivatives(1)$600,000 $— $(251)$600,000 $— $(7,423)(1)As of March 31, 2025 and December 31, 2024, the Company had net derivative liabilities at fair value subject to such enforceable master netting arrangement in the amount of $251 and $7,423, respectively and a collateral balance of $10,130 and $3,230, respectively, included in "Payable to broker" on the Consolidated Statements of Assets and Liabilities. If the Company had elected to offset, the net amount would be $0 and $0, respectively.Fair value risk factors—The Company seeks investment opportunities that offer the possibility of attaining substantial capital appreciation. Certain events particular to each industry in which the Company's portfolio companies conduct their operations, as well