B•••••••• N•••••••• I••: lender marks fell to 86 cents across 1 BDC lenders

Consensus lender mark moved from 95 to 86 cents on cost at 2024-12-31

Why now: State NEW at the 2024-12-31 quarter end, readable when the filing landed on 2026-03-20.

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

$306M known

basis KNOWN

State

New

Historical signal

2.38x subsequent non accrual rate vs population

median 139 days of warning

Lenders

1

Confidence

0.90

1 BDC lender(s) hold $306M of funded debt at cost; no sponsor bridged. Borrowers this screen flags reached non-accrual at 2.38x the population rate within a year, median warning 139.0 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.

subsequent lender marks recover materially; the borrower refinances; the flagged facility is repaid

DFX product: Credit Attention / portfolio monitor

• C••••••••• D••• L••• · Chief Executive Officer · PALMER SQUARE BDC ADVISOR LLC