DFX Intelligence
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Borrower
P••••••••• R••••••• G•••• L••
Media & Entertainmentgroup grade Aon a schedule nowsponsor unattributed
Also written as: 1; 2; 3; 4; Common Stock; Media & Entertainment; PRG III, LLC; P••••••••• R••••••• G•••• L•• -1
Principal held
at least $400M
sum of BDC pieces, a lower bound
Fair value
$846M
103c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
2
2 on the latest quarter
Facilities
1
3 equity pieces beside them
Next maturity
Oct 1, 2030
no dated debt inside 24 months
On the tape since
Dec 31, 2020
latest Jun 30, 2026
Events
18
dated, non-routine
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 $400M | 103c | S+750 bp PIK 11.31% | Oct 1, 2030 | 2 |
Equity pieces beside the debt: equity ($24.3M fair value, 2 BDCs), other ($412M fair value, 2 BDCs), preferred equity ($0 fair value, 1 BDC)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan 1 | $6.9M | $6.9M 100c | S+750 bp PIK 11.30% |
| A••• C•••••• C••• | equity equity M••••••••• interest | n/a | $3.1M 23c | |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan 2 | $2.8M | $2.8M 104c | S+750 bp PIK 11.22% |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan | $69.0M | $69.0M 100c | S+750 bp PIK 11.17% |
| A••• C•••••• C••• | unstated lien unstated | n/a | $84.4M | |
| A••• C•••••• C••• | term loan first lien F•••• lien senior secured loan 3 | $2.6M | $2.6M 100c | S+750 bp PIK 11.31% |
| F• K•• C•••••• C••• | unstated lien unstated | n/a | $318M | |
| F• K•• C•••••• C••• | equity equity C••••• S•••• | n/a | $10.6M | |
| F• K•• C•••••• C••• | term loan first lien M•••• & E••••••••• 1 | $308M | $318M 104c | S+750 bp |
| F• K•• C•••••• C••• | term loan first lien M•••• & E••••••••• 2 | $10.2M | $10.5M 106c | S+750 bp |
| F• K•• C•••••• C••• | unstated lien unstated | n/a | $10.5M | |
| F• K•• C•••••• C••• | equity equity C••••• S•••• | n/a | $10.6M 11c |
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 | 2 | $400M | $409M | 103c | 4 |
| Mar 31, 2026 | 2 | $356M | $364M | 103c | 3 |
| Dec 31, 2025 | 2 | $333M | $341M | 103c | 2 |
| Sep 30, 2025 | 2 | $591M | $485M | 86c | 8 |
| Jun 30, 2025 | 2 | $557M | $463M | 85c | 11 |
| Mar 31, 2025 | 2 | $529M | $539M | 102c | 8 |
| Dec 31, 2024 | 2 | $899M | $920M | 102c | 13 |
| Sep 30, 2024 | 2 | $482M | $492M | 102c | 7 |
| Jun 30, 2024 | 2 | $470M | $479M | 102c | 7 |
| Mar 31, 2024 | 2 | $330M | $337M | 103c | 6 |
| Dec 31, 2023 | 2 | $589M | $601M | 103c | 9 |
| Sep 30, 2023 | 2 | $323M | $328M | 103c | 8 |
| Jun 30, 2023 | 2 | $318M | $324M | 104c | 8 |
| Mar 31, 2023 | 2 | $314M | $319M | 104c | 8 |
| Dec 31, 2022 | 2 | $557M | $567M | 105c | 11 |
| Sep 30, 2022 | 2 | $305M | $310M | 105c | 7 |
| Dec 31, 2021 | 2 | $284M | $284M | 105c | 6 |
| Dec 31, 2020 | 1 | $0 | $0 | n/a | 0 |
What changed
- Mark recoveredDec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Spread changed (observed)Sep 30, 2025
- Marked down (one lender)Sep 30, 2025
- Spread increasedSep 30, 2025
- PIK interest increasedSep 30, 2025
- Marked down across lendersJun 30, 2025
- Spread changed (observed)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
- PIK interest increasedMar 31, 2025
- Spread changed (observed)Mar 31, 2025
- PIK interest increasedMar 31, 2025
- PIK interest increasedMar 31, 2025
- Spread increasedMar 31, 2025
- PIK interest increasedDec 31, 2024
- Spread changed (observed)Sep 30, 2024
- PIK interest increasedSep 30, 2024
- PIK interest increasedSep 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Spread changed (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- Maturity extended (observed)Jun 30, 2024
- PIK interest increasedMar 31, 2024
- PIK interest increasedMar 31, 2024
- Spread changed (observed)Sep 30, 2023
- Spread changed (observed)Jun 30, 2023
- PIK interest increasedJun 30, 2023
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- PRODUCTION RESOURCEderivedthe codename stem after legal suffixes and deal words
- Spellings
- 5 across 2 BDCsderived
- Industry
- Media & Entertainmentreportedas one filer wrote it