Company: NMFCZ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001496099-25-000027
Chunk: 20

Company: New Mountain Finance Corp
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 20
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 30, 2025, our investment in this security had a Yellow Risk Rating and had an aggregate cost basis of $30.0 million and an aggregate fair value of approximately $13.5 million.

128

Portfolio and Investment Activity

The fair value of our investments, as determined in good faith by our board of directors, was approximately $3,000.7 million in 123 portfolio companies at June 30, 2025 and approximately $3,091.0 million in 120 portfolio companies at December 31, 2024.

The following table shows our portfolio and investment activity for the six months ended June 30, 2025 and June 30, 2024:

 Six Months Ended(in millions)June 30, 2025June 30, 2024Investments in 34 and 55 new and existing portfolio companies, respectively$243.2 $630.2 Debt repayments in existing portfolio companies286.3 445.2 Sales of securities in 6 and 2 portfolio companies, respectively55.7 9.3 Change in unrealized appreciation on 31 and 68 portfolio companies, respectively6.4 77.9 Change in unrealized depreciation on 88 and 55 portfolio companies, respectively(96.0)(44.4)

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 June 30, 2025 and June 30, 2024 

Revenue

 Three Months Ended(in thousands)June 30, 2025June 30, 2024Total interest income$62,830 $68,373 Total dividend income19,331 22,365 Other income1,329 3,850 Total investment income$83,490 $94,588 

Our total investment income decreased by approximately $11.1 million, or 12%, for the three months ended June 30, 2025 as compared to the three months ended June 30, 2024. For the three months ended June 30, 2025, total investment income of approximately $83.5 million consisted of approximately $51.7 million in cash interest from investments, approximately $6.9 million in PIK interest from investments, net