Every quarter, public BDCs must report a variety of key metrics to investors, including how many and which credits are currently on non-accrual status. Non-accrual is a defined term outlining credits that have stopped making interest payments on their outstanding loans.

9fin took a look at the top 10 BDCs and the loans they have added on non-accrual status.

This past reporting quarter, Q3 25, saw 14 new loans enter non-accrual status across six of the top 10 public BDCs that report, according to filings from those vehicles. With the help of 9fin’s BDC database, we have collected them all in one place here below.

After a torrid half quarter since reporting for BDC share prices, in part due to exposure to First Brands and its bankruptcy proceedings, it might seem surprising that four of the top 10 — FS KKR, Blackstone Secured Lending Fund, Oaktree Specialty Lending Corporation, and Sixth Street Specialty Lending — all reported no additional non-accrual loans this past reporting quarter.

But six of the largest public BDCs did report new non-accruals. MidCap Financial Investment Corporation saw six credits added to its non-accrual list, with multiple credits having multiple positions that aren’t receiving payment. Golub Capital BDC, Ares Capital Corporation, and Blue Owl Capital Corporation each had two new ones of their own as well.

See the full list below: