Reading the graph
Reading the graph
8 BDC lenders hold $71M of funded debt at cost; sponsor A••• P••••••• I•• 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.
H••••••• M•••••• H••••••• C•••••• · 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 100 to 92 cents on cost at 2025-09-30
Why now: State NEW at the 2025-09-30 quarter end, readable when the filing landed on 2025-11-13. An earlier reading: the 2026-06-30 reading of the same borrower is the current one.
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| N•• M••••••• G••••••• I• B••• L••••• | $20M | 81¢ | -6 pts |
| N•• M••••••• F•••••• C••• | $14.3M | 81¢ | -6 pts |
| N•• M••••••• P•••••• C••••• F••• | $9.85M | 80¢ | -6 pts |
| N•• S•• I• I••• | $9.27M | 81¢ | -6 pts |
| N•• M••••••• G••••••• I• I••••• F•••• L••••• | $7.13M | 81¢ | -6 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 |
|---|---|---|---|
| S•••• P•••• C••••• C••• | $4.91M | 80¢ | -6 pts |
| S•••• P•••• C••••• I••••• F••• | $2.95M | 80¢ | -6 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