Company: NMFCZ
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001496099-25-000035
Chunk: 224

Company: New Mountain Finance Corp
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 224
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762)— — 53,748 Net change in unrealized (depreciation) appreciation of investments(98,823)(13,738)4,673 32 25 (89,815)Purchases, including capitalized PIK and revolver fundings(1)470,593 365,524 13,719 8,965 — 82,385 Proceeds from sales and paydowns of investments(1)(550,437)(319,690)(94,270)— — (136,477)Transfers into Level III(2)29,666 — 26,434 — 3,232 — Transfers out of Level III(2)(46,430)(46,430)— — — — Fair Value, September 30, 2025$2,842,734 $1,888,377 $98,128 $111,031 $3,257 $741,941 Net change in unrealized (depreciation) appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period:$(53,505)$(13,964)$4,386 $30 $25 $(43,982)(1)Includes non-cash reorganizations and restructurings.(2)As of September 30, 2025, portfolio investments were transferred into Level III from Level II and out of Level III into Level II at fair value as of the beginning of the period in which the reclassification occurred.

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The following table summarizes the changes in fair value of Level III portfolio investments for the nine months ended September 30, 2024, 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 September 30, 2024: TotalFirst LienSecond LienSubordinatedEquity andotherFair Value, December 31, 2023$2,938,849 $1,637,889 $406,180 $82,871 $811,909 Total gains or losses included in earnings:Net realized losses (gains) on investments(44,979)(13,267)(35,163)3 3,448 Net change in unrealized appreciation (de