Company: NMFCZ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001496099-25-000027
Chunk: 368

Company: New Mountain Finance Corp
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 368
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$1,884,611 Market & income approachEBITDA multiple6.0x35.0x14.8x Revenue multiple3.0x19.5x6.9xDiscount rate6.8 %22.1 %9.8 %17,999 OtherN/A(2)N/AN/AN/ASecond lien144,003 Market & income approachEBITDA multiple7.0x20.0x15.2xDiscount rate10.1 %20.6 %12.2 %6,331 OtherN/A(2)N/AN/AN/ASubordinated102,034 Market & income approachEBITDA multiple8.0x21.0x15.4xDiscount rate12.5 %25.9 %16.8 %Equity and other422,851 Market & income approachEBITDA multiple5.5x26.5x12.8x Revenue multiple9.0x19.5x14.1xDiscount rate8.2 %44.6 %8.9 %387,194 Income approachDiscount rate6.4 %12.2 %9.9 %22,055 OtherN/A(2)N/AN/AN/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 June 30, 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, SBA-guaranteed debentures, Holdings Credit Facility 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