patterns / serial_refinancer
credit thesisthree or more charges satisfied over its life with security still outstanding — a business that treats debt as a rolling tool and re-enters the market on a cycle: 7.7× the refinance base rate
Some businesses treat secured debt as a rolling tool: borrow, repay, re-borrow. Three satisfied charges with security still on the books is revealed preference, and the register shows the cycle: this cohort refinances at well above the base rate and takes non-bank credit at 3.6×.
A broker's dream client — they WILL be in the market again; the only question is who gets the call. Timing comes from refi_due.
The badge is recomputed nightly across the whole index, and re-evaluated live the moment a company files — so a match is always a statement about the current register, not a stale list. Like every signal the scout raises: a prompt to look closer, never a verdict.