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 $20M. Evidence class: fact; source BDC schedules of investments (Inline XBRL, InvestmentIdentifierAxis).
R•• S••• M••••• S•• L•• · borrower
observed in a filing or announcement; the statement is the source's
DFX product: Credit Attention / amendments
R•• S••• M••••• S•• L•• term loan: PIK interest rose from 9.50% to 13.70%
Why now: Dated 2026-06-30 (filing); first seen by DFX 2026-09-15.
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B•••••• P•••••• C••••• C••• | $10.6M | 75¢ | -10 pts |
| B•••••• B••• I••• | $4.49M | 75¢ | -10 pts |
| B•••••• C•••••• I••••••••• C••• | $4.39M | 76¢ | -9 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.
Buyer classes for this family: Private credit lenders, PE sponsors, Special situations funds, Restructuring advisers.