LUCIA Insight: Threadline DSCR has declined for 3 consecutive months and cushion is now at 4.5%. NestMarket has 3 covenant breaches including GMV below threshold and overdue reporting. Recommend immediate borrower outreach for NestMarket and quarterly review acceleration for Threadline.
| Borrower |
Covenant |
Type |
Threshold |
Current |
Cushion |
Status |