Reading the graph
Reading the graph
2 BDC lenders hold $22M of funded debt at cost; sponsor B•••••• C•••••• M••••••••• L•• through the 40-of-40 name bridge. 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.
T•••••••• G•••••• 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 57 to 49 cents on cost at 2025-12-31, the 4th consecutive quarter the screen fired
Why now: State INTENSIFIED at the 2025-12-31 quarter end, readable when the filing landed on 2026-03-16. An earlier reading: the 2026-03-31 reading of the same borrower is newer and did not fire again.
Earlier readings: 57¢ (Sep 30, 2025) → 49¢ (Dec 31, 2025), this reading
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| C••• I••••••••• C••• | $23.9M | 62¢ | +9 pts |
| T•• T••• B•••• C•••••• I••••• F••• | $2.71M | 43¢ | +8 pts |
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 52.5: consequence 5, commercial 5, timeliness 1, novelty 1, confidence 4, magnitude 2, affected 4, actionability 4, measured lift 5.89; an earlier reading, a newer one supersedes it
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