S•• L•••••••• I••: lender marks fell to 78 cents across 3 BDC lenders

Consensus lender mark moved from 94 to 78 cents on cost at 2024-03-31

Why now: State NEW at the 2024-03-31 quarter end, readable when the filing landed on 2024-05-10.

funded debt at cost held by BDC lenders

$43.6M known

basis KNOWN

State

New

Historical signal

2.38x subsequent non accrual rate vs population

median 139 days of warning

Lenders

3

Sponsor

Wind P•••• Partners

Confidence

0.90

3 BDC lender(s) hold $44M of funded debt at cost; sponsor W••• P•••• P••••••• through the 40-of-40 name bridge. 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