C•••••••• I••: lender marks fell to 71 cents across 8 BDC lenders

Consensus lender mark moved from 89 to 71 cents on cost at 2026-06-30

Why now: State NEW at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-12.

funded debt at cost held by BDC lenders

$95.7M known

basis KNOWN

State

New

Historical signal

2.38x subsequent non accrual rate vs population

median 139 days of warning

Lenders

8

Confidence

0.90

8 BDC lender(s) hold $96M of funded debt at cost; no sponsor bridged. Borrowers this screen flags reached non-accrual at 2.38x the population rate within a year, median warning 139.0 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.

subsequent lender marks recover materially; the borrower refinances; the flagged facility is repaid

DFX product: Credit Attention / portfolio monitor

• P•••• E••••• K••••• · Portfolio Manager · N•• M••••••• F•••••• ADVISERS, L.L.C.
• A••• B•••• W•••••••• · Managing Director, Executive Vice President · N•• M••••••• F•••••• ADVISERS, L.L.C.
• S••••• B•••• K•••••• · Managing Member · N•• M••••••• F•••••• ADVISERS, L.L.C.
• J•••• E••••• K••••• · Chief Executive Officer · BLACKROCK CAPITAL INVESTMENT ADVISORS, LLC