S•••••••• B•••••• L••: lender marks fell to 71 cents across 4 BDC lenders

• Special situations funds (class)favourable
  buys or refinances stressed credit. a consensus markdown is where rescue capital prices · class
• Restructuring advisers (class)favourable
  advises on amendments and workouts. the amendment families fire on the same tape · class

Buyer classes for this family: Private credit lenders, PE sponsors, Special situations funds, Restructuring advisers, LPs and allocators.

Rank 61.6: consequence 5, commercial 4, timeliness 4, novelty 5, confidence 4, magnitude 2, affected 5, actionability 4, measured lift 2.38

Family credit.tranche_markdown_5pt · sellable · computed today

K••••• I••: lender marks fell to 69 cents across 20 BDC lenders, second consecutive quarter

State INTENSIFIED at the 2026-06-30 quarter end, readable when the filing landed on 2026-08-13.

Exposure

$540M knownfunded debt at cost held by BDC lenders

Who this matters to

Private credit lenders, PE sponsors +3

Historical

2.53x non accrual, 138d median