DFX Intelligence
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Borrower
P•••••• S•••••••• G•••• H•••••••• L••
group grade Aon a schedule nowsponsor unattributed
Also written as: P•••••• S•••••••• Group, LLC
What matters now
- 1 of 1 lenderon non-accrual
Non-accrual at 1 of 1 lender on the latest schedules, first placed in Q4 2024.
since Q4 2024 · Interest has stopped accruing; the lenders no longer expect to be paid in full.
FactBDC schedules of investments, 30 Jun 2026For restructuring advisers, special situations funds, the lenders' LPsSee every lender → - 42¢ → 32¢consensus mark
Consensus mark 32¢ on cost, down from 42¢ a year ago, 32¢ last quarter.
Q2 2026 · The lenders' own valuations, the most direct read of what they expect to recover.
Derived1 of 1 lender' own marks, weighted by principal - $994Kprincipal outstanding
$994K principal held by 1 lender.
Q2 2026 · The loss if the marks hold, spread across the holders below.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
42¢ · 37¢ · 37¢ · 32¢ · 32¢Q2 2025 to Q2 2026
Principal held
at least $994,000
sum of BDC pieces, a lower bound
Fair value
$314,000
32c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
3
1 on the latest quarter
Facilities
1
1 equity pieces beside them
Next maturity
unstated
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2026
Events
11
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| B•••••• B••• I••• | $994K | 32¢ | 0 pts |
Every BDC piece · 2 positions across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••• B••• I••• | term loan first lien F•••• L••• S••••• S•••••• T••• L••• | $994,000 | $314,000 32c | S+700 bp PIK 11.40% |
| B•••••• B••• I••• | equity equity C••••• S•••• | Not disclosed | $0 |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien | at least $994,000 | 32c | S+700 bp PIK 11.40% | unstated | 3 |
Equity pieces beside the debt: equity ($0 fair value, 1 BDC)
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2026 | 1 | $994,000 | $314,000 | 32c | 1 |
| Mar 31, 2026 | 1 | $994,000 | $322,000 | 32c | 0 |
| Dec 31, 2025 | 1 | $994,000 | $364,000 | 37c | 1 |
| Sep 30, 2025 | 1 | $994,000 | $363,000 | 37c | 1 |
All 17 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 1 | $993,000 | $421,000 | 42c | 1 |
| Mar 31, 2025 | 1 | $993,000 | $460,000 | 46c | 1 |
| Dec 31, 2024 | 1 | $2.0M | $1.1M | 56c | 0 |
| Sep 30, 2024 | 1 | $993,000 | $568,000 | 57c | 0 |
| Jun 30, 2024 | 1 | $993,000 | $794,000 | 80c | 0 |
| Mar 31, 2024 | 1 | $988,000 | $884,000 | 89c | 0 |
| Dec 31, 2023 | 1 | $990,000 | $936,000 | 95c | 0 |
| Sep 30, 2023 | 1 | $990,000 | $929,000 | 94c | 0 |
| Jun 30, 2023 | 1 | $989,000 | $945,000 | 96c | 0 |
| Mar 31, 2023 | 1 | $997,000 | $997,000 | 100c | 0 |
| Dec 31, 2022 | 2 | $997,000 | $987,000 | 99c | 0 |
| Sep 30, 2022 | 1 | $1.0M | $994,000 | 98c | 0 |
| Dec 31, 2021 | 1 | $1.2M | $1.2M | n/a | 0 |
What changed
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- Marked down across lendersSep 30, 2025
- Marked down (one lender)Sep 30, 2025
- Marked down across lendersMar 31, 2025
Full timeline · 21 eventsShow fewer
- PIK interest appearsMar 31, 2025
- Marked down (one lender)Mar 31, 2025
- PIK interest appearsMar 31, 2025
- non accrual placedDec 31, 2024
- Marked down across lendersSep 30, 2024
- Marked down (one lender)Sep 30, 2024
- Marked down across lendersJun 30, 2024
- Marked down (one lender)Jun 30, 2024
- Marked down across lendersMar 31, 2024
- Marked down (one lender)Mar 31, 2024
- Spread changed (observed)Mar 31, 2023
- Spread changed (observed)Dec 31, 2022
- New lender joined a facilityDec 31, 2022
- Lender left a facilityDec 31, 2022
- New borrower on a BDC scheduleDec 31, 2021
- Lender left a facilityDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- POLYMER SOLUTIONSderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 3 BDCsderived