Company: NMFCZ
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001496099-25-000035
Chunk: 228

Company: New Mountain Finance Corp
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 228
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9.3 %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.

96

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)First lien$1,884,611 Market & income approachEBITDA multiple6.0x35.0x14.8x Revenue multiple3.0x19.5x6.9xDiscount rate6.8 %22.1 %9.8 %17,999 OtherN/A(2)N/AN/AN/ASecond lien144,003 Market & income approachEBITDA multiple7.0x20.0x15.2xDiscount rate10.1 %20.6 %12.2 %6,331 OtherN/A(2)N/AN/AN/ASubordinated102,034 Market & income approachEBITDA multiple8.0x21.0x15.4xDiscount rate12.5 %25.9 %16.8 %Equity and other422,851 Market & income approachEBITDA multiple5.5x26.