Company: NMFCZ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001496099-25-000027
Chunk: 363

Company: New Mountain Finance Corp
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 363
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)(1)Includes non-cash reorganizations and restructurings.(2)As of June 30, 2024, portfolio investments were transferred out of Level III into Level II at fair value as of the beginning of the period in which the reclassification occurred.The following table summarizes the changes in fair value of Level III portfolio investments for the six months ended June 30, 2025, 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 June 30, 2025: TotalFirst LienSecond LienSubordinatedStructured Finance ObligationsEquity andotherFair Value, December 31, 2024$2,987,078 $1,902,610 $150,334 $102,034 $— $832,100 Total gains or losses included in earnings:Net realized gains (losses) on investments51,071 97 (2,732)— — 53,706 Net change in unrealized (depreciation) appreciation of investments(82,280)(6,620)(829)175 17 (75,023)Purchases, including capitalized PIK and revolver fundings(1)339,322 252,412 4,255 5,777 — 76,878 Proceeds from sales and paydowns of investments(1)(387,368)(221,133)(31,613)— — (134,622)Transfers into Level III(2)12,440 — 9,208 — 3,232 — Fair Value, June 30, 2025$2,920,263 $1,927,366 $128,623 $107,986 $3,249 $753,039 Net change in unrealized (depreciation) appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period:$(29,928)$(6,481)$(1,117)$173 $17 $(22,520)(1)Includes non-cash reorganizations and restructurings.(2)As of June 30, 2025, portfolio investments were transferred into Level III from Level II at fair value as of the beginning of the