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•••••••• S••••••• G••••• L••
Diversified consumer servicesgroup grade Aon a schedule nowsponsor T•••• C•••••• M••••••••• L••• carried
Also written as: Group, LLC; P•••••••• Services
Principal held
at least $58.7M
sum of BDC pieces, a lower bound
Fair value
$45.9M
120c on cost, debt pieces
Unfunded
$10.7M
commitments not yet drawn
BDC lenders
4
3 on the latest quarter
Facilities
6
0 equity pieces beside them
Next maturity
Dec 23, 2032
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
7
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 $28.5M | 97c | S+450 bp | Dec 23, 2032 | 2 |
| first lien delayed draw term loan first lien | at least $20.8M | 92c | S+450 bp | Dec 23, 2032 | 2 |
| term loan lien unstated | at least $5.0M | n/a | SOFR+450 bp | Dec 23, 2032 | 1 |
| delayed draw term loan lien unstated | at least $3.6M | n/a | SOFR+450 bp | Dec 23, 2032 | 3 |
| revolver lien unstated | at least $806,223 | n/a | SOFR+450 bp | Dec 23, 2032 | 1 |
| other lien unstated exited Sep 30, 2025 | at least $12.5M | 101c | S+550 bp | Sep 7, 2029 | 3 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| M••••••• P•••••• C••••• F••• | revolver lien unstated Revolver (3 month CME Term SOFR + 4.500%) | Senior loans 238.6% | $806,223 | $789,293 | SOFR+450 bp |
| M••••••• P•••••• C••••• F••• | term loan lien unstated Term Loan (3 month CME Term SOFR + 4.500%) | Senior loans 238.6% | $5.0M | $4.9M | SOFR+450 bp |
| M••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated Delayed Draw Term Loan (3 month CME Term SOFR + 4.500%) | Senior loans 238.6% | $3.6M | $3.5M | SOFR+450 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | term loan first lien First Lien Debt | $7.2M | $6.9M 96c | S+450 bp |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien Delayed Draw Loan | n/a | n/a | |
| N••••• C•••••••• D••••• L•••••• C•••• | delayed draw term loan first lien First Lien Debt (Delayed Draw) | $5.3M | $2.4M 92c | S+450 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | term loan first lien First Lien Debt | $21.3M | $20.4M 97c | S+450 bp |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | delayed draw term loan first lien Delayed Draw Loan | n/a | n/a | |
| N••••• C•••••••• P•••••• C•••••• I••••• F••• | delayed draw term loan first lien First Lien Debt (Delayed Draw) | $15.5M | $6.9M 93c | S+450 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 | 3 | $58.7M | $45.9M | 120c | 0 |
| Mar 31, 2026 | 3 | $48.8M | $38.8M | 129c | 0 |
| Dec 31, 2025 | 3 | $58.2M | $41.3M | 182c | 0 |
| Sep 30, 2025 | 2 | $28.2M | $27.6M | 100c | 0 |
| Jun 30, 2025 | 2 | $28.3M | $27.9M | 101c | 0 |
| Mar 31, 2025 | 2 | $28.3M | $27.9M | 101c | 0 |
| Dec 31, 2024 | 2 | $56.8M | $54.0M | 101c | 0 |
| Sep 30, 2024 | 2 | $23.5M | $18.8M | 101c | 0 |
| Jul 31, 2024 | 1 | $5.0M | $4.9M | 100c | 0 |
| Jun 30, 2024 | 2 | $15.9M | $15.8M | 100c | 0 |
| Mar 31, 2024 | 2 | $15.9M | $15.9M | 100c | 0 |
| Dec 31, 2023 | 2 | $16.0M | $15.7M | 99c | 0 |
| Sep 30, 2023 | 2 | $16.0M | $9.2M | 99c | 0 |
| Dec 31, 2022 | 2 | $0 | $0 | n/a | 0 |
What changed
- Maturity extended (observed)Mar 31, 2026
- Maturity extended (observed)Mar 31, 2026
- Maturity extended (observed)Dec 31, 2025
- Spread changed (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Spread changed (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- New lender joined a facilityDec 31, 2025
- Lender left a facilityDec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Facility left every BDC scheduleSep 30, 2025
- Lender left a facilitySep 30, 2025
- Lender left a facilityDec 31, 2024
- Mark recoveredDec 31, 2023
Sponsor
- T•••• C•••••• M••••••••• L•••
- the sponsor's own portfolio page lists a company of this nameestimatedtenexcm.com"portfolio card on https://www.tenexcm.com/portfolio: Current | P•••••••• S••••••• G•••• | Residential Services | Initial Date: September 2022"
Identity
- Group key
- PERENNIAL SERVICESderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 4 BDCsderived
- Industry
- Diversified consumer servicesreportedas one filer wrote it