loan bought at 65 cents, trading ~10 cents higher shortly after.
New Mountain Finance sold and re-bought private credit at large discounts, signaling active bargain hunting as prices begin to reset.
A Bloomberg-cited example says NMFC bought a loan at roughly 65 cents on the dollar that was trading about 10 cents higher soon after, following earlier asset sales. The implication is that valuation assumptions are being challenged and bargain-hunting may work temporarily, even as the broader mark-to-model framework stays under pressure.
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