Illustrative facility A§ 7.11
Net leverage
“Total debt less unrestricted cash, divided by adjusted EBITDA.”
- Maximum
- 5.00x
- Testing
- Quarterly
Who we serve / Private credit
Keep the detail of every deal in view.
Turn agreement terms, borrower updates, and payment records into a clearer view of portfolio risk. Spend less time rebuilding the evidence and more time evaluating what it means for the investment.
Portfolio review3 illustrative borrowers
Northstar Manufacturing
Review requiredNet leverage5.2xMaximum 5.0x
Six-quarter movement
For the next discussion
Leverage is 0.2x above the agreement threshold. Review the supporting calculation and borrower update before the next credit discussion.
View agreement evidence
Leverage is 0.2x above the agreement threshold. Review the supporting calculation and borrower update before the next credit discussion.
+0.4x since last quarter
Credit agreement · § 7.11“Net leverage must not exceed 5.00x at the end of each fiscal quarter.”Illustrative agreement extract
Illustrative data, not customer resultsFrom portfolio context to source evidence
Every agreement has its own detail
Monitoring that starts with the agreement.
Private credit agreements differ in their definitions, thresholds, and reporting requirements. FirstSignals helps turn that detail into repeatable monitoring and review, with source-linked calculations and borrower context close at hand.
Illustrative facility B§ 8.02
Net leverage
“Total debt less cash capped at $5m, divided by adjusted EBITDA.”
- Maximum
- 4.50x
- Testing
- Quarterly
The same ratio name can mean a different calculation. Keep the definition tied to the source.
Across the investment workflow
Bring borrower history into the next credit discussion.
Look beyond a single threshold result. Review historical covenant movement, borrower developments, and sector context to understand why a name needs attention and what your team should investigate next.
RiskFrontier
Understand what is changing across the book.
Track covenant compliance, headroom, liquidity indicators, and PIK exposure. Use borrower-specific context and prioritized watchlists to guide review, then prepare credit and investment committee reporting with the evidence available.
Explore RiskFrontier- 01Select the borrowerStart with the portfolio watchlist.
- 02Understand the changeReview movement and agreement-specific context.
- 03Bring the evidenceCarry sources and calculations into the discussion.
FirstBase
Review the support behind borrowing capacity.
Bring receivables, inventory, and agreement rules into borrowing base review. Validate the calculation and resolve exceptions before availability is updated.
Explore FirstBaseFirstFlow
Reconcile syndicated payments with context.
Match incoming wires to expected syndicated loan payments. Review confidence-ranked proposals, investigate unresolved items, and write confirmed matches back to the core platform.
Explore FirstFlowFrom review to reporting
Keep investment judgment at the centre.
Reduce the manual work around monitoring and reporting. Give analysts and portfolio managers a shared starting point for review, with the calculations, sources, and borrower context available to challenge and interpret.
Credit discussion briefIllustrative outline
The evidence behind the view.
Agreement-specific covenant tests
Borrower history and risk context
Supporting calculations and sources
Review notes and questions
Enterprise controls
Fit the way your institution operates.
Connect to existing systems and review deployment, access, and approval requirements with your team.
Deployment & data
Deployment options
Discuss on-premises, private cloud, or hybrid deployment around your infrastructure and data requirements.
Protected data flows
Encrypted ingestion and storage support the handling of sensitive credit and payment data.
Access & integration
Role-based access
Align user access with team responsibilities and identity management requirements.
Integration with existing systems
Use APIs to connect supported workflows with core platforms and data infrastructure.
Evidence & review
Traceable outputs
Review the sources, calculations, and decision records behind the result.
Review and approval
Bring credit judgment and payment exceptions into human review, with documented decisions.
Built by former Microsoft Core AI engineers and experienced banking and buy-side executives.
A practical starting point
See how FirstSignals fits your portfolio.
Walk through your monitoring priorities, reporting needs, and current systems. Then define the scope of a practical evaluation.
Discuss your portfolio