DFX Intelligence
Reading the graph
Reading the graph
PIK_INCREASED measured 2.32x against non-accrual (candidate); PIK introduced 0.93x and is shown as fact, not warning. Amount $85M. Evidence class: fact; source BDC schedules of investments (Inline XBRL, InvestmentIdentifierAxis).
B••••••••• T••••••••• L•• · borrower
observed in a filing or announcement; the statement is the source's
DFX product: Credit Attention / amendments
B••••••••• T••••••••• L•• term loan: PIK interest of 3.50% appears (was cash pay)
Why now: Dated 2026-06-30 (filing); first seen by DFX 2026-09-15.
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| L••• A••••• P•••••• C••••• F••• | $38.5M | no cost filed | new this quarter |
| N•••• H•••• P•••••• I••••• F••• L•• | $31.4M | 100¢ | -1 pts |
| M••••• S•••••• D••••• L•••••• F••• | $25.8M | 100¢ | -1 pts |
| S•••••••• P•••••• C••••• F••• L•• | $17.2M | 100¢ | 0 pts |
| A• P•••••• C••••• I•••••••• C••• | $14.4M | 100¢ | -1 pts |
PIK reverts to cash pay; the mark holds
PIK reverts to cash pay; the mark holds
Rank 47.5: consequence 4, commercial 3, timeliness 4, novelty 5, confidence 4, magnitude 2, affected 1, actionability 3
Family: pik added or increased · public · computed today
Not yet on record: historical lift, median warning.
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| L••• A••••• P•••••• C••••• F••• S• | $13M | no cost filed | new this quarter |
| L••• P•••••• C••••• L•• | $6.29M | 100¢ | -1 pts |
| A• P•••••• L•••••• F••• | $5.54M | 100¢ | 0 pts |
| N•••• H•••• P•••••• I••••• F••• A• L•• | $2.79M | 100¢ | -1 pts |
| T• S••••• B•• L•• | no principal filed | no cost filed | no comparable mark |
Buyer classes for this family: Private credit lenders, PE sponsors, Special situations funds, Restructuring advisers.