Company: NMFCZ
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001496099-25-000035
Chunk: 229

Company: New Mountain Finance Corp
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 229
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5x12.8x Revenue multiple9.0x19.5x14.1xDiscount rate8.2 %44.6 %8.9 %387,194 Income approachDiscount rate6.4 %12.2 %9.9 %22,055 OtherN/A(2)N/AN/AN/A$2,987,078      (1)Unobservable inputs were weighted by the relative fair value of the investments.(2)Fair value was determined based on transaction pricing or recent acquisition or sale as the best measure of fair value with no material changes in operations of the related portfolio company since the transaction date.The carrying value of the collateralized agreement approximates fair value as of September 30, 2025 and is considered a Level III investment. The fair value of other financial assets and liabilities approximates their carrying value based on the short-term nature of these items.The 2021A Unsecured Notes, 2022A Unsecured Notes, SBA-guaranteed debentures, Holdings Credit Facility and NMFC Credit Facility are considered Level III investments. The fair value of the 2022 Convertible Notes, the 8.250% Unsecured Notes, the 6.875% Unsecured Notes and the 6.200% Unsecured Notes are based on quoted prices and are considered Level II investments. See Note 7. Borrowings, for details. The following are the principal amounts and fair values of the Company’s borrowings as of September 30, 2025 and December 31, 2024. Fair value is estimated by discounting remaining payments using applicable current market rates, which take into account changes in the Company’s marketplace credit ratings or market quotes, if available.As of September 30, 2025December 31, 2024Principal AmountFair ValuePrincipal AmountFair ValueUnsecured Notes$990,000 $1,004,496 $990,000 $991,624 Holdings Credit Facility308,063 307,999 294,363 298,435 2022 Convertible Notes258,777 259,036 260,000 261,811 SBA-guaranteed debentures196,205 173,434 300,000 270,548 NMFC Credit Facility (1)31,032 30,969 27,944 26,812 Total Borrowings$1,784,077 $1