DFX Intelligence
Reading the graph
Reading the graph
6 BDC lenders hold $95M of funded debt at cost; no sponsor bridged. 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.
S•• D••••••••• · 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 50 to 27 cents on cost at 2025-09-30, the 2nd consecutive quarter the screen fired
Why now: State INTENSIFIED at the 2025-09-30 quarter end, readable when the filing landed on 2026-08-10. 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 |
|---|---|---|---|
| P••••••• C•••••• C••• | $87.4M | 55¢ | +5 pts |
| P••••••••• I••••••••• C••• | $25.9M | 99¢ | -9 pts |
| F••••••• P•••••• C••••• F••• | $15.9M | 91¢ | -13 pts |
| P••••••••• F••••••• R••• C•••••• L••• | $11.3M | 101¢ | +6 pts |
| B•• I••••••••• C••• | $5.19M | 2¢ as filed, not counted | no comparable mark |
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 53.5: consequence 5, commercial 5, timeliness 1, novelty 1, confidence 4, magnitude 2, affected 5, actionability 4, measured lift 5.89; an earlier reading, a newer one supersedes it
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B• P••••••• L•••••• C••• | $1.48M | 1¢ as filed, not counted | no comparable mark |
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