E• P••••••••• L••: lender marks fell to 73 cents across 6 BDC lenders

Consensus lender mark moved from 95 to 73 cents on cost at 2025-12-31

Why now: State NEW at the 2025-12-31 quarter end, readable when the filing landed on 2026-08-12.

funded debt at cost held by BDC lenders

$102M known

basis KNOWN

State

New

Historical signal

2.38x subsequent non accrual rate vs population

median 139 days of warning

Lenders

6

Confidence

0.90

6 BDC lender(s) hold $102M 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

• B•••••• R•••••••• · Vice President · A••• C•••••• MANAGEMENT LLC
• A••••• P•••• R•••••• · Limited Partner · A••• C•••••• MANAGEMENT LLC
• C•••• W•••••• P••••• · Co-President · BLUE OWL CREDIT ADVISORS LLC
• D•••••• I••••• O••••••• · Co-Chief Executive Officer · BLUE OWL CREDIT ADVISORS LLC
• M••• S••••• L••••••••• · Co-Chief Executive Officer · BLUE OWL CREDIT ADVISORS LLC
• C••••••••• D••• L••• · Chief Executive Officer · PALMER SQUARE BDC ADVISOR LLC