Private Credit Intelligence

Desk $249 a month, Pro $649 a month. The bar: Overview, What comes next, What changed, Lenders, BDC portfolios, Borrowers, Facilities, Maturity wall, and under More: Sponsor x lender, Sectors, Credit funds, Sources and method.

• Borrowers: Industry, Accrual status, Next maturity, Lender BDCs, Principal held, Mark (cents on cost), Lender mark spread, Consensus change, Placed on non-accrual, PIK added or increased.
• Facilities: Lien, Kind, Principal held, Maturity, Spread (bp), PIK only. Lenders and BDC portfolios have Export.
• A borrower record: Lender marks, Capital structure as the BDCs see it, Through time, What changed, Sponsor, Identity. Monitor follows it.

What counts as a change

A change is flagged when principal moves 5% and $250k, a mark moves 5 points on cost, a maturity moves 90 days, a spread moves 50bp, or PIK appears or rises. Maturities inside 12, 18 and 24 months are flagged too.

Worth knowing

• A mark is fair value over cost. Below cost is not the same as impaired.
• Each BDC's holding is one piece of a loan, so principal held is a lower bound on the facility.
• A maturity shows only where the BDC tagged it in its filing (roughly 40% of debt rows).
• A borrower with no sponsor attribution is unattributed, not sponsorless.