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 $99M. Evidence class: fact; source BDC schedules of investments (Inline XBRL, InvestmentIdentifierAxis).
C•••••• A••••••••• L•• · borrower
observed in a filing or announcement; the statement is the source's
DFX product: Credit Attention / amendments
C•••••• A••••••••• L•• term loan: PIK interest of 4.00% appears (was cash pay)
Why now: Dated 2026-06-30 (filing); first seen by DFX 2026-09-15.
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| H•• C•••••••• C•••••• S•••••••• F••• | $35.8M | 92¢ | 0 pts |
| T•• S•••••••• L•••••• L•• | $27.1M | 98¢ | new this quarter |
| T•• D••••• L•••••• V••• L•• | $26.6M | 93¢ | -2 pts |
| K•••• A••••••• B••• I••• | $26.3M | 96¢ | +1 pts |
| T•• S••• D••••• L•••••• L•• | $9.3M | 93¢ | -2 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 |
|---|---|---|---|
| O••• D••••• L•••••• B•• F••• | $5.11M | 84¢ | -7 pts |
| K•••• D• 2•••• I••• | $5.02M | 96¢ | +1 pts |
Buyer classes for this family: Private credit lenders, PE sponsors, Special situations funds, Restructuring advisers.