Reading the graph
Reading the graph
5 BDC lenders hold $29M 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.
M••••••• 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 84 to 78 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 2025-11-12. An earlier reading: the 2026-06-30 reading of the same borrower is the current one.
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B••••••••• P•••••• C••••• F••• | $321M | 92¢ | -2 pts |
| B••••••••• S•••••• L•••••• F••• | $29.6M | 92¢ | -2 pts |
| C•••••• S•••••• L••••••• I••• | $19.3M | 68¢ | -1 pts |
| C•••••• C••••• S••••••••• I••• | $19.3M | 68¢ | -1 pts |
| A••••• D••• S•••••••• B•• | $8.79M | 31¢ | new this quarter |
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