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A private credit borrower in health care equipment & services
What matters now
- 2 of 2 lenderson non-accrual
Non-accrual at 2 of 2 lenders on the latest schedules, first placed in Q1 2026.
since Q1 2026 · Interest has stopped accruing; the lenders no longer expect to be paid in full.
FactBDC schedules of investments, 30 Jun 2026For restructuring advisers, special situations funds, the lenders' LPsSee every lender → - 96¢ → 59¢consensus mark
Consensus mark 59¢ on cost, down from 96¢ a year ago, 76¢ last quarter.
Q2 2026 · The lenders' own valuations, the most direct read of what they expect to recover.
Derived2 of 2 lenders' own marks, weighted by principal - $22.9Mprincipal outstanding
$22.9M principal held by 2 lenders; matures Dec 2028.
Q2 2026 · Refinancing is due in 27 months at a 59¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound - 76¢ → 59¢-17 pts, one lender
Crescent Capital BDC marked it 76¢ → 59¢, the largest move among 2 lenders this quarter.
Q2 2026 · One holder repriced far more than the rest.
Lender marks
Consensus Q3 2025 92¢, Q4 2025 92¢, Q1 2026 76¢, Q2 2026 59¢. Hover a line for one lender.
Lenders with a mark per quarter end: Q3 2025 2, Q4 2025 2, Q1 2026 2, Q2 2026 2. A mark is each lender’s own fair value over cost from its schedule of investments, filed about 45 days after the quarter ends; marks outside 5¢ to 110¢ on cost are left out.
Every lender’s mark by quarter, as a table
| Lender | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Consensus | 92¢ | 92¢ | 76¢ | 59¢ |
| Crescent Capital BDC, Inc. | 92¢ | 92¢ | 76¢ | 59¢ |
| Crescent Private Credit Income Corp | 92¢ | 92¢ | 76¢ | 59¢ |
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| Crescent Capital BDC, Inc. | $14.7M | 59¢ | -17 pts |
| Crescent Private Credit Income Corp | $8.14M | 59¢ | -17 pts |
Every BDC piece · 6 positions across 2 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| Crescent Capital BDC, Inc. | term loan first lien Investment Type Unitranche First Lien Term Loan Maturity/ Dissolution Date 12/2028 | $13.6M | $7.9M 60c | |
| Crescent Private Credit Income Corp | term loan first lien Investment Type Unitranche First Lien Term Loan | $7.5M | $4.3M 60c | |
| Crescent Capital BDC, Inc. | revolver first lien Investment Type Unitranche First Lien Revolver Maturity/ Dissolution Date 12/2028 | $1.1M | $435,000 40c | |
| Crescent Private Credit Income Corp | revolver first lien Investment Type Unitranche First Lien Revolver | $629,000 | $240,000 40c | |
| Crescent Capital BDC, Inc. | revolver first lien Investment Type Revolver Commitment Expiration Date 12/20/2028 | Not disclosed | Not disclosed |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| Crescent Private Credit Income Corp | revolver first lien Investment Type Revolver Expiration Date 12/20/2028 | Not disclosed | Not disclosed |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
Capital structure as the BDCs see it
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $21.1M | 60c | Jul 31, 2032 | 2 | |
| first lien revolver first lien | at least $1.8M | 40c | Jul 31, 2032 | 2 | |
| revolver lien unstated exited Dec 31, 2024 | unknown | n/a | unstated | 1 | |
| other lien unstated exited Mar 31, 2024 | unknown | n/a | unstated | 1 |
Through time
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 2 | $22.9M | $12.9M | 59c | 0 |
| Mar 31, 2026 | 2 | $22.7M | $16.7M | 76c | 0 |
| Dec 31, 2025 | 2 | $22.1M | $20.0M | 92c | 2 |
| Sep 30, 2025 | 2 | $21.4M | $19.4M | 92c | 2 |
All 17 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 2 | $21.3M | $20.0M | 96c | 2 |
| Mar 31, 2025 | 2 | $21.1M | $19.5M | 94c | 2 |
| Dec 31, 2024 | 2 | $34.6M | $33.7M | 101c | 3 |
| Sep 30, 2024 | 1 | $13.0M | $12.9M | 102c | 1 |
| Jun 30, 2024 | 1 | $12.9M | $12.9M | 103c | 0 |
| Mar 31, 2024 | 2 | $12.9M | $12.6M | 100c | 0 |
| Dec 31, 2023 | 4 | $87.6M | $81.9M | 95c | 0 |
| Sep 30, 2023 | 4 | $42.3M | $39.6M | 95c | 0 |
| Jun 30, 2023 | 3 | $32.5M | $30.1M | 93c | 0 |
| Mar 31, 2023 | 2 | $30.7M | $28.0M | 91c | 0 |
| Dec 31, 2022 | 3 | $47.0M | $43.7M | 93c | 0 |
| Sep 30, 2022 | 1 | $14.3M | $14.0M | 98c | 0 |
| Dec 31, 2021 | 1 | $28.9M | $28.6M | 100c | 0 |
What changed
- Maturity extended (observed)Jun 30, 2026
- Marked down across lendersJun 30, 2026
- Marked down across lendersJun 30, 2026
- Maturity extended (observed)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
+25 additional dated changes on this borrower
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Owner and people
- Linden Capital Partners
- stated in a filing or releasereportedlinden.comconfidence 0.9
- Arlington Capital Partners listed on its portfolio page, undated, control · credit outlook
- Linden Capital Partners listed on its portfolio page, undated · credit outlook
- Roundtable Healthcare Management, Inc recorded as exited · credit outlook
The company this borrower is was matched by an identity-graded bridge; the owner is the firm its portfolio page or deal record names.
3 people at this company are named with their role and the page that names them, for Private Credit Intelligence readers.
This record sits on 9 traced paths of capital across the graphs.
DFX traced 9 paths of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Position history
- Marked down65.4% of cost to 40.1% of cost2026-06-30
- Marked down65.4% of cost to 40.1% of cost2026-06-30
- Marked down76.9% of cost to 60.2% of cost2026-06-30
+53 more position changes
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Each line is one position compared between two consecutive BDC schedules of investments: principal, fair value mark, spread, PIK and maturity, as filed with the SEC.
›Connections
every published relationship on the graph
+1 connection on the graph
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