Company: NMFCZ
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001496099-25-000035
Chunk: 378

Company: New Mountain Finance Corp
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 378
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 approach as of September 30, 2025 and December 31, 2024, the Company used the discount ranges set forth in the table below to value investments in its portfolio companies.The unobservable inputs used in the fair value measurement of the Company's Level III investments as of September 30, 2025 were as follows:   RangeTypeFair Value as of September 30, 2025ApproachUnobservable InputLowHighWeightedAverage(1)First lien$1,824,381 Market & Income ApproachEBITDA multiple6.0x25.0x14.2xRevenue multiple4.0x19.5x10.1x Discount rate5.7 %15.2 %8.6 %63,996 OtherN/A(2)N/AN/AN/ASecond lien98,128 Market & Income ApproachEBITDA multiple7.0x21.0x20.0x Discount rate9.3 %16.8 %12.2 %Subordinated111,031 Market & Income ApproachEBITDA multiple8.0x20.0x14.5x Discount rate12.0 %26.9 %17.1 %Structured Finance Obligations3,257 Income ApproachDiscount Rate10.9 %10.9 %10.9 %Equity and other347,229 Market & Income ApproachEBITDA multiple5.5x23.0x11.8xRevenue multiple9.0x9.0x9.0x Discount rate8.7 %19.1 %11.5 %387,344 Income ApproachDiscount rate6.3 %15.7 %11.4 %7,368 OtherN/A(2)N/AN/AN/A$2,842,734      (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.

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The unobservable inputs used in the fair value measurement of the Company's Level III investments as of December 31, 2024 were as follows:   RangeTypeFair Value as of December 31, 2024ApproachUnobservable InputLowHighWeightedAverage(1)