Company: NMFCZ
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001496099-25-000035
Chunk: 375

Company: New Mountain Finance Corp
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 375
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 of Level III into Level II at fair value as of the beginning of the period in which the reclassification occurred.

94

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 (depreciation) of investments31,047 18,233 40,417 (1,240)(26,363)Purchases, including capitalized PIK and revolver fundings(1)797,225 708,021 13,546 18,044 57,614 Proceeds from sales and paydowns of investments(1)(608,697)(360,253)(233,648)(292)(14,504)Transfers into Level III(2)28,440 28,440 — — — Fair Value, September 30, 2024$3,141,885 $2,019,063 $191,332 $99,386 $832,104 Net change in unrealized (depreciation) appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period:$(23,625)$3,908 $347 $(1,242)$(26,638)(1)Includes non-cash reorganizations and restructurings.(2)As of September 30, 2024, portfolio investments were transferred into Level III from Level II at fair value as of the beginning of the period in which the reclassification occurred.Except as noted in the tables above, there were no other transfers in or out of Levels I, II, or III during the three and nine months ended September 30, 2025 and September