DFX Intelligence
Private Credit Intelligence
The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.
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Borrower
P•• P•••• P•• M••••• T•••• L••
P••••aceuticalsgroup grade Aon a schedule nowsponsor unattributed
Principal held
at least $26.3M
sum of BDC pieces, a lower bound
Fair value
$25.2M
98c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
2
0 equity pieces beside them
Next maturity
Feb 13, 2032
no dated debt inside 24 months
On the tape since
Dec 31, 2025
latest Jun 30, 2026
Events
2
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 $26.3M | 98c | SOFR+475 bp | Feb 13, 2032 | 1 |
| first lien revolver first lien | unknown | n/a | SOFR+475 bp | Feb 13, 2032 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••• F•••••••• I••••••••• C••• | revolver first lien First Lien Secured Debt – Revolver SOFR+475, 0.75% Floor Maturity Date 02/13/32 | n/a | $-123,000 293c | SOFR+475 bp |
| M••••• F•••••••• I••••••••• C••• | term loan first lien First Lien Secured Debt - Term Loan SOFR+475, 0.75% Floor Maturity Date 02/13/32 | $26.3M | $25.4M 98c | SOFR+475 bp |
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 | $26.3M | $25.2M | 98c | 0 |
| Mar 31, 2026 | 1 | $26.7M | $25.9M | 99c | 0 |
| Dec 31, 2025 | 1 | $16.9M | $16.7M | 100c | 0 |
What changed
- Marked down across lendersMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- New borrower on a BDC scheduleDec 31, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- PAI PHARM PAI MIDDLE TIERderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- P••••aceuticalsreportedas one filer wrote it