Reading the graph
Reading the graph
6 BDC lenders hold $26M of funded debt at cost; no sponsor bridged. Borrowers this screen flags reached non-accrual at 5.89x the population rate within a year, median warning 142 days (stage-6 harness, non-accrual outcome). Non-accrual is the lender's own determination, not a court's: this is a mark signal, not a default prediction.
A•••••• B••••• L•• · borrower
a detector's reading of facts over time and relationships; a reading, not a fact
DFX product: Credit Attention / portfolio monitor
Consensus lender mark moved from 95 to 86 cents on cost at 2025-09-30, the 2nd consecutive quarter the screen fired
Why now: State INTENSIFIED at the 2025-09-30 quarter end, readable when the filing landed on 2025-11-12. An earlier reading: the 2025-12-31 reading of the same borrower is newer and did not fire again.
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | $28.5M | 84¢ | 0 pts |
| B••••••••• C•••••• C••• I• | $23.7M | 85¢ | -5 pts |
| N••••• C•••••••• D••••• L•••••• C•••• | $16.7M | 83¢ | -3 pts |
| C•••••• S•••••• L••••••• I••• | $14.7M | 82¢ | -3 pts |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | $13.5M | 96¢ | new this quarter |
the next quarter's consensus mark recovers; the facility is repaid or refinanced
the next quarter's consensus mark recovers; the facility is repaid or refinanced
Rank 51.5: consequence 5, commercial 5, timeliness 1, novelty 1, confidence 4, magnitude 1, affected 5, actionability 4, measured lift 5.89; an earlier reading, a newer one supersedes it
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| C•••••• C••••• S••••••••• I••• | $4.64M | 83¢ | -2 pts |
Buyer classes for this family: Private credit lenders, PE sponsors, Special situations funds, Restructuring advisers, LPs and allocators.
Family: tranche markdown intensified · sellable · computed today