Company: NMFCZ
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001496099-25-000018
Chunk: 403

Company: New Mountain Finance Corp
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 2
Chunk 403
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121.0 $192.4 Debt repayments in existing portfolio companies160.6 145.5 Sales of securities in 3 and 0 portfolio companies, respectively26.3 — Change in unrealized appreciation on 25 and 50 portfolio companies, respectively12.0 38.2 Change in unrealized depreciation on 85 and 59 portfolio companies, respectively(61.1)(35.2)

Recent Accounting Standards Updates

See Item 1.—Financial Statements and Supplementary Data—Note 13. Recent Accounting Standards Updates in this Quarterly Report on Form 10-Q for details on recent accounting standards updates.

Results of Operations for the Three Months Ended March 31, 2025 and March 31, 2024 

Revenue

 Three Months Ended(in thousands)March 31, 2025March 31, 2024Total interest income$61,517 $67,620 Total dividend income20,943 20,400 Other income3,203 2,536 Total investment income$85,663 $90,556 

Our total investment income decreased by approximately $4.9 million, or 5%, for the three months ended March 31, 2025 as compared to the three months ended March 31, 2024. For the three months ended March 31, 2025, total investment income of approximately $85.7 million consisted of approximately $52.2 million in cash interest from investments, approximately $7.6 million in PIK and non-cash interest from investments, approximately $0.1 million in prepayment fees, net amortization of purchase premiums and discounts of approximately $1.6 million, approximately $12.8 million in cash dividends from investments, approximately $8.2 million in PIK and non-cash dividends from investments and approximately $3.2 million in other income. The decrease in interest income of approximately $6.1 million during the three months ended March 31, 2025 as compared to the three months ended March 31, 2024 was primarily due to the slightly lower yields on the portfolio. Dividend income remained relatively flat for the three months ended March 31, 2025 as compared to the three months ended March 31, 2024. Other income during the three months ended March 31, 2025, which represents fees that are generally non-recurring in nature, was primarily attributable to upfront and amendment