Reading the graph
Reading the graph
7 BDC lenders hold $35M of funded debt at cost; sponsor S••••••••• C•••••• L• through the 40-of-40 name bridge. Borrowers this screen flags reached non-accrual at 5.36x 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•••••••• H•••••• L•• · 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 98 to 92 cents on cost at 2025-12-31
Why now: State NEW at the 2025-12-31 quarter end, readable when the filing landed on 2026-08-06. An earlier reading: the 2026-06-30 reading of the same borrower is newer and did not fire again.
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••• O•• C••••• I••••• C•••• | $19.6M | 91¢ | +3 pts |
| P••••••••• F••••••• R••• C•••••• L••• | $18.2M | 95¢ | +1 pts |
| B••• O•• C•••••• C••• | $4.89M | 91¢ | +2 pts |
| P••••••••• I••••••••• C••• | $1.94M | 100¢ | +9 pts |
| S••••• C•••• C•••••• C••• | $919K | 89¢ | +3 pts |
subsequent lender marks recover materially; the borrower refinances; the flagged facility is repaid
subsequent lender marks recover materially; the borrower refinances; the flagged facility is repaid
Rank 49.5: consequence 5, commercial 4, timeliness 1, novelty 1, confidence 4, magnitude 1, affected 5, actionability 4, measured lift 5.36; an earlier reading, a newer one supersedes it
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| A•••• C••••• B•• I••• | $484K | 100¢ | -1 pts |
Buyer classes for this family: Private credit lenders, PE sponsors, Special situations funds, Restructuring advisers, LPs and allocators.
Family: tranche markdown 5pt · sellable · computed today