Reading the graph
Reading the graph
4 BDC lenders hold $15M of funded debt at cost; sponsor C••••••• D••••••• • R•••• L•• through the 40-of-40 name bridge. Borrowers this screen flags reached non-accrual at 5.89x the population rate within a year, median warning 142 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.
C••••••••• B••••••• B•••••• I•• · borrower
a detector's reading of facts over time and relationships; a reading, not a fact
DFX product: Credit Attention / portfolio monitor
Consensus lender mark moved from 79 to 55 cents on cost at 2026-03-31, the 2nd consecutive quarter the screen fired
Why now: State INTENSIFIED at the 2026-03-31 quarter end, readable when the filing landed on 2026-05-14. An earlier reading: the 2026-06-30 reading of the same borrower is newer and did not fire again.
Earlier readings: 79¢ (Dec 31, 2025) → 55¢ (Mar 31, 2026), this reading
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| C•••••• S•••••• L••••••• I••• | $10.9M | 58¢ | +3 pts |
| C•••••• C••••• S••••••••• I••• | $9.84M | 56¢ | +3 pts |
| B••••••••• P•••••• C••••• F••• | $3.89M | 63¢ | +5 pts |
| O••• D••••• L•••••• B•• F••• | $1.46M | 65¢ | +4 pts |
the next quarter's consensus mark recovers; the facility is repaid or refinanced
the next quarter's consensus mark recovers; the facility is repaid or refinanced
Rank 51.5: consequence 5, commercial 5, timeliness 1, novelty 1, confidence 4, magnitude 1, affected 5, actionability 4, measured lift 5.89; an earlier reading, a newer one supersedes it
Buyer classes for this family: Private credit lenders, PE sponsors, Special situations funds, Restructuring advisers, LPs and allocators.
Family: tranche markdown intensified · sellable · computed today