Company: NMFCZ
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001496099-25-000027
Chunk: 367

Company: New Mountain Finance Corp
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 367
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 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 June 30, 2025 were as follows:   RangeTypeFair Value as of June 30, 2025ApproachUnobservable InputLowHighWeightedAverage(1)First lien$1,891,810 Market & Income ApproachEBITDA multiple6.0x36.0x15.1xRevenue multiple5.0x19.5x9.2x Discount rate6.4 %23.1 %9.2 %35,556 OtherN/A(2)N/AN/AN/ASecond lien117,872 Market & Income ApproachEBITDA multiple8.0x20.0x17.2x Discount rate9.0 %14.0 %10.8 %10,751 OtherN/A(2)N/AN/AN/ASubordinated107,986 Market & Income ApproachEBITDA multiple8.0x24.5x15.8x Discount rate12.4 %32.3 %18.1 %Structured Finance Obligations3,249 Income ApproachDiscount Rate11.3 %11.3 %11.3 %Equity and other359,029 Market & Income ApproachEBITDA multiple6.0x21.5x12.0xRevenue multiple5.0x9.8x6.1x Discount rate9.7 %18.0 %11.7 %386,640 Income ApproachDiscount rate6.3 %12.2 %9.9 %7,370 OtherN/A(2)N/AN/AN/A$2,920,263      (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)First lien