••• Locked

PIK_INCREASED measured 2.32x against non-accrual (candidate); PIK introduced 0.93x and is shown as fact, not warning. Amount $86M. Evidence class: fact; source BDC schedules of investments (Inline XBRL, InvestmentIdentifierAxis).

I•• H•••••• C••• · borrower

observed in a filing or announcement; the statement is the source's

Happened 2026-06-30First seen 2026-09-15

disclosed amount: $85.7M
Confidence: 90%
Parties affected: 1, 1 who benefit

See every lender's mark Find rescue capital

Special situations PE firms Open borrower Add to portfolio monitor

DFX product: Credit Attention / amendments

What changed

I•• H•••••• C••• term loan: PIK interest rose from 3.13% to 8.98%

Why now: Dated 2026-06-30 (filing); first seen by DFX 2026-09-15.

Who this matters to: lender marks

each lender's own fair value over cost at Jun 30, 2026

Lender	Exposure	Current mark	QoQ change
B••••••••• P•••••• C••••• F•••	$55.8M	98¢	-2 pts
B•••••••• P•••••• C••••• F•••	$39M	99¢	0 pts
G•••• C•••••• B••• I•••	$27.5M	98¢	+1 pts
F••••••• B•• C•••••• C•••	$24.2M	99¢	0 pts
N•••• H•••• P•••••• I••••• F••• L••	$16.8M	101¢	0 pts

View all 15 lenderslargest exposure first

What would make this wrong

PIK reverts to cash pay; the mark holds

Evidence

Evidence, method and the rank's parts

Sources

BDC schedules of investments (Inline XBRL, InvestmentIdentifierAxis) · Jun 30, 2026

What would make this less concerning

PIK reverts to cash pay; the mark holds

Actionability, eleven dimensions (0 to 5)

novelty5
confidence4
timeliness4
actionability3
affected entities1
economic magnitude2
financing consequence4
portfolio consequence4
commercial consequence3
investment consequence3
fundraising consequence0

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

More credit attention / amendments signals

A•••• C• A••••••••• C•••$115M knownJun 30, 2026
A•• G•••• H•••••••• I••$187M knownJun 30, 2026
R••••• T•••• P••••••••• L•$129M knownJun 30, 2026

All 192 credit attention / amendments signals

Not yet on record: historical lift, median warning.

Lender	Exposure	Current mark	QoQ change
C•••••• S•••••• L••••••• I•••	$11.9M	99¢	+1 pts
C•••••• C••••• S••••••••• I•••	$11.3M	100¢	+1 pts
T• S••••• B•• L••	$11.2M	101¢	0 pts
M••••• S•••••• D••••• L•••••• F•••	$7.85M	101¢	0 pts
B••••••••• S•••••• L•••••• F•••	$5.94M	98¢	-2 pts
G•••• C•••••• B•• 4• I•••	$3.16M	99¢	+1 pts
A••• C•••••• C•••	$2.8M	100¢	0 pts
B•••••••• D••••• L•••••• C••••	$2.68M	99¢	0 pts
G•••• C•••••• D••••• L•••••• C•••	$1.37M	99¢	+1 pts
G•••• C•••••• D••••• L•••••• U•••••••• C•••	$1.04M	98¢	0 pts