Company: NMFCZ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001496099-25-000027
Chunk: 364

Company: New Mountain Finance Corp
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 364
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 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, 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 June 30, 2024:

95

 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(42,996)(11,736)(35,163)— 3,903 Net change in unrealized appreciation (depreciation) of investments35,611 14,764 40,867 (1,438)(18,582)Purchases, including capitalized PIK and revolver fundings(1)636,107 580,852 12,063 15,220 27,972 Proceeds from sales and paydowns of investments(1)(497,819)(277,129)(207,883)— (12,807)Transfers into Level III(2)28,440 28,440 — — — Fair Value, June 30, 2024$3,098,192 $1,973,080 $216,064 $96,653 $812,395 Net change in unrealized (depreciation) appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period:$(17,335)$2,048 $913 $(1,438)$(18,858)(1)Includes non-cash reorganizations and restructurings.(2)As of June 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 six months ended June 30, 2025 and June 30, 2024. Transfers into Level III occur as quotations obtained through