DFX Intelligence
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Borrower
Z•••••• P••
Education Servicesgroup grade Aon a schedule nowsponsor unattributed
Principal held
at least $1.6M
sum of BDC pieces, a lower bound
Fair value
$12.3M
90c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
1 equity pieces beside them
Next maturity
Aug 9, 2027
$1.6M inside 24 months
On the tape since
Feb 29, 2024
latest May 31, 2026
Events
8
dated, non-routine
Capital structure as the BDCs see it
latest quarter end May 31, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $1.6M | 90c | 10.00% | Aug 9, 2027 | 1 |
| delayed draw term loan lien unstated | unknown | n/a | 10.00% | Aug 9, 2027 | 1 |
Equity pieces beside the debt: equity ($10.9M fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| S••••••• I••••••••• C•••• | equity equity C••••• S•••• | $7.7M | $10.9M 1948c | |
| S••••••• I••••••••• C•••• | term loan first lien F•••• L••• T••• L••• 10.00%, 8/9/2027 | $1.6M | $1.4M 90c | 10.00% |
| S••••••• I••••••••• C•••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• 10.00%, 8/9/2027 | n/a | n/a | 10.00% |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| May 31, 2026 | 1 | $1.6M | $1.4M | 90c | 0 |
| Feb 28, 2026 | 1 | $1.6M | $1.2M | 74c | 2 |
| Nov 30, 2025 | 1 | $1.6M | $1.2M | 78c | 1 |
| May 31, 2025 | 1 | $0 | $0 | n/a | 0 |
| Feb 28, 2025 | 1 | $1.5M | $1.1M | 74c | 1 |
| Nov 30, 2024 | 1 | $1.5M | $1.1M | 76c | 1 |
| Feb 29, 2024 | 1 | $35.5M | $7.6M | 21c | 4 |
What changed
- Maturity approachingAug 9, 2027
- Maturity approachingAug 9, 2027
- Mark recoveredFeb 28, 2026
- PIK interest increasedFeb 28, 2026
- PIK interest increasedFeb 28, 2026
- Maturity extended (observed)Feb 28, 2026
- PIK interest increasedNov 30, 2024
- Mark recoveredNov 30, 2024
- Maturity extended (observed)Nov 30, 2024
- PIK interest increasedNov 30, 2024
- Maturity extended (observed)Nov 30, 2024
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- Z•••••• P••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Education Servicesreportedas one filer wrote it