DFX Intelligence
Reading the graph
Reading the graph
PIK_INCREASED measured 2.32x against non-accrual (candidate); PIK introduced 0.93x and is shown as fact, not warning. Amount $12M. Evidence class: fact; source BDC schedules of investments (Inline XBRL, InvestmentIdentifierAxis).
E•••••• T••••••••• A••••••••• I•• · borrower
observed in a filing or announcement; the statement is the source's
DFX product: Credit Attention / amendments
E•••••• T••••••••• A••••••••• I•• term loan: PIK interest of 5.25% appears (was cash pay)
Why now: Dated 2026-06-30 (filing); first seen by DFX 2026-09-15.
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B•••••••• T•• C•••••• C•••• | $9.67M | 67¢ | +13 pts |
| M••• S••••• C•••••• C••• | $9.5M | 79¢ | +17 pts |
| C•••••• S•••••••• C••• | $3.44M | 65¢ | -5 pts |
| C••• I••••••••• C••• | $2.8M | 72¢ | +2 pts |
| M•• I••••• F•••• I••• | $2.31M | 79¢ | +17 pts |
PIK reverts to cash pay; the mark holds
PIK reverts to cash pay; the mark holds
Rank 47.5: consequence 4, commercial 3, timeliness 4, novelty 5, confidence 4, magnitude 2, affected 1, actionability 3
Family: pik added or increased · public · computed today
Not yet on record: historical lift, median warning.
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B•••••••• D••••• L•••••• C•••• | $986K | 66¢ | +12 pts |
Buyer classes for this family: Private credit lenders, PE sponsors, Special situations funds, Restructuring advisers.