Company: NMFCZ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001496099-25-000018
Chunk: 303

Company: New Mountain Finance Corp
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 303
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 to those Level III assets that were still held by the Company at the end of the period:$(61)$(668)$(416)$163 $— $860 (1)Includes non-cash reorganizations and restructurings.(2)As of March 31, 2025, 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.

93

The following table summarizes the changes in fair value of Level III portfolio investments for the three months ended March 31, 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 March 31, 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 on investments(11,890)(11,859)— — (31)Net change in unrealized appreciation (depreciation) of investments3,097 15,974 5,557 (261)(18,173)Purchases, including capitalized PIK and revolver fundings(1)227,711 172,750 43,125 2,733 9,103 Proceeds from sales and paydowns of investments(1)(170,754)(111,778)(58,964)— (12)Transfers into Level III(2)28,440 28,440 — — — Fair Value, March 31, 2024$3,015,453 $1,731,416 $395,898 $85,343 $802,796 Net change in unrealized (depreciation) appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period:$(12,429)$3,813 $2,216 $(261)$(18,197)(1)Includes non-cash reorganizations and restructurings.(2)As of March 31, 2024, portfolio investments were transferred into Level III from Level