Consensus lender mark moved from 74 to 67 cents on cost at 2026-06-30, the 2th consecutive quarter the screen fired

Why now: State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-12.

Buyer classes for this family: Private credit lenders, PE sponsors, Special situations funds, Restructuring advisers, LPs and allocators.

funded debt at cost held by BDC lenders

$46.0M known

basis KNOWN

State

Intensified

Historical signal

2.53x subsequent non accrual rate vs population

median 138 days of warning

Lenders

4

Confidence

0.90

4 BDC lender(s) hold $46M of funded debt at cost; no sponsor bridged. Borrowers this screen flags reached non-accrual at 2.53x the population rate within a year, median warning 138 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.

DFX product: Credit Attention / portfolio monitor

• P•••• E••••• K••••• · Portfolio Manager · N•• M••••••• F•••••• ADVISERS, L.L.C.
• A••• B•••• W•••••••• · Managing Director, Executive Vice President · N•• M••••••• F•••••• ADVISERS, L.L.C.
• S••••• B•••• K•••••• · Managing Member · N•• M••••••• F•••••• ADVISERS, L.L.C.
• C••••••••• D••• L••• · Chief Executive Officer · PALMER SQUARE BDC ADVISOR LLC
• G•••••• T••••• G••••••• · Co-Chief Investment Officer · V•••• CREDIT BDC MANAGEMENT, L.P.
• D•••• J••• F••••••• · Co-Chief Investment Officer · V•••• CREDIT BDC MANAGEMENT, L.P.