DFX Intelligence
The names on this page are hidden. Create a free account to reveal 5 records a month, or get Private Credit Intelligence at $249 a month for every name. Every figure, date and source on this page is public either way.
Borrower
S•••••• A••••••••• L••
Educationgroup grade Aon a schedule nowsponsor unattributed
Also written as: 1; PowerSchool
Principal held
at least $1.5B
sum of BDC pieces, a lower bound
Fair value
$1.6B
98c on cost, debt pieces
Unfunded
$278M
commitments not yet drawn
BDC lenders
16
15 on the latest quarter
Facilities
6
0 equity pieces beside them
Next maturity
Oct 1, 2031
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
8
dated, non-routine
Capital structure as the BDCs see it
latest quarter end Jun 30, 2026
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| other lien unstated | at least $789M | 99c | S+500 bp PIK 2.25% | Oct 1, 2031 | 4 |
| first lien term loan first lien | at least $664M | 97c | SOFR+500 bp PIK 2.25% | Oct 1, 2031 | 14 |
| first lien revolver first lien | at least $39.3M | 95c | SOFR+475 bp | Oct 1, 2031 | 10 |
| first lien delayed draw term loan first lien | unknown | n/a | unstated | 7 | |
| delayed draw term loan lien unstated | unknown | n/a | unstated | 1 | |
| revolver lien unstated | unknown | n/a | unstated | 1 |
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 | $146M | $142M 97c | S+500 bp PIK 2.25% |
| A••• C•••••• C••• | unstated lien unstated | n/a | n/a | |
| A••• C•••••• C••• | revolver first lien F•••• lien senior secured revolving loan | $13.7M | $13.2M 96c | S+475 bp |
| A••• S•••••••• I••••• F••• | unstated lien unstated | n/a | n/a | |
| A••• S•••••••• I••••• F••• | revolver first lien F•••• lien senior secured revolving loan | $7.4M | $7.2M 98c | S+475 bp |
| A••• S•••••••• I••••• F••• | term loan first lien F•••• lien senior secured loan | $112M | $109M 98c | S+500 bp PIK 2.25% |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $354M | $342M 97c | S+500 bp PIK 2.25% |
| B••••••••• P•••••• C••••• F••• | revolver lien unstated R••••••• | n/a | n/a | |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated D•••••• D••• T••• L••• | n/a | n/a | |
| B••••••••• P•••••• C••••• F••• | unstated lien unstated N••••••••• I••••• | $20.7M | $19.5M 95c | S+475 bp |
| B••• O•• C•••••• C••• | revolver first lien F•••• lien senior secured revolving loan | N••••••••• | $94,000 | $86,000 92c | S+475 bp |
| B••• O•• C•••••• C••• | term loan first lien F•••• lien senior secured loan | N••••••••• | $1.6M | $1.5M 97c | S+275 bp PIK 2.25% |
| B••• O•• C•••••• C••• | delayed draw term loan first lien F•••• lien senior secured delayed draw term loan | n/a | $0 | |
| B••• O•• C•••••• C••• | revolver first lien F•••• lien senior secured revolving loan | n/a | $0 | S+475 bp |
| B••• O•• C•••••• C••• I• | delayed draw term loan first lien F•••• lien senior secured delayed draw term loan | N••••••••• | n/a | n/a | |
| B••• O•• C•••••• C••• I• | term loan first lien F•••• lien senior secured loan | Non A••••••••• | $315,000 | $300,000 96c | S+275 bp PIK 2.25% |
| B••• O•• C•••••• C••• I• | revolver first lien F•••• lien senior secured revolving loan | N••••••••• | n/a | n/a | S+475 bp |
| B••• O•• C•••••• C••• I• | revolver first lien F•••• lien senior secured revolving loan | Non A••••••••• | $18,000 | $17,000 94c | S+475 bp |
| B••• O•• C••••• I••••• C•••• | revolver first lien F•••• lien senior secured revolving loan | N••••••••• I••••• | $8.2M | $7.5M 93c | S+475 bp |
| B••• O•• C••••• I••••• C•••• | term loan first lien F•••• lien senior secured loan | N••••••••• I••••• | $140M | $133M 96c | S+275 bp PIK 2.25% |
| B••• O•• C••••• I••••• C•••• | revolver first lien F•••• lien senior secured revolving loan | N•••••••••/non-affiliated | n/a | n/a | S+475 bp |
| B••• O•• C••••• I••••• C•••• | delayed draw term loan first lien F•••• lien senior secured delayed draw term loan | N•••••••••/non-affiliated | n/a | n/a | |
| B••• O•• T••••••••• F•••••• C•••• | revolver first lien F•••• lien senior secured revolving loan 2 | N••••••••• I••••• | $5.8M | $5.4M 93c | S+475 bp |
| B••• O•• T••••••••• F•••••• C•••• | delayed draw term loan first lien F•••• lien senior secured delayed draw term loan | N••••••••• I••••• | n/a | $0 | |
| B••• O•• T••••••••• F•••••• C•••• | revolver first lien F•••• lien senior secured revolving loan | N••••••••• I••••• | n/a | $0 | S+475 bp |
| B••• O•• T••••••••• F•••••• C•••• | term loan first lien F•••• lien senior secured loan | N••••••••• I••••• | $100.0M | $95.2M 96c | S+275 bp PIK 2.25% |
| B••• O•• T••••••••• I••••• C•••• | revolver first lien F•••• lien senior secured revolving loan 2 | n/a | $0 | S+475 bp |
| B••• O•• T••••••••• I••••• C•••• | term loan first lien F•••• lien senior secured loan | $69.9M | $66.5M 96c | S+275 bp PIK 2.25% |
| B••• O•• T••••••••• I••••• C•••• | revolver first lien F•••• lien senior secured revolving loan 1 | $4.1M | $3.7M 93c | S+475 bp |
| B••• O•• T••••••••• I••••• C•••• | delayed draw term loan first lien F•••• lien senior secured delayed draw term loan | n/a | $0 | |
| G•••• C•••••• B•• 4• I••• | term loan first lien One stop 2 | $573,000 | $539,000 96c | S+475 bp |
| G•••• C•••••• B•• 4• I••• | term loan first lien One stop 1 | $9.3M | $9.0M 98c | S+500 bp PIK 2.25% |
| G•••• C•••••• B•• 4• I••• | term loan first lien One stop 3 | $493,000 | $436,000 90c | S+500 bp PIK 2.25% |
| G•••• C•••••• B••• I••• | term loan first lien One stop 3 | N••••••••• I••••• | $1.9M | $1.7M 90c | S+500 bp PIK 2.25% |
| G•••• C•••••• B••• I••• | term loan first lien One stop 1 | N••••••••• I••••• | $36.1M | $35.0M 98c | S+500 bp PIK 2.25% |
| G•••• C•••••• B••• I••• | term loan first lien One stop 2 | N••••••••• I••••• | $2.2M | $2.1M 95c | S+475 bp |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 2 | $197,000 | $185,000 95c | S+475 bp |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 1 | $3.2M | $3.1M 98c | S+500 bp PIK 2.25% |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 3 | $170,000 | $150,000 90c | S+500 bp PIK 2.25% |
| G•••• C•••••• D••••• L•••••• U•••••••• C••• | term loan first lien One stop 3 | $119,000 | $105,000 89c | S+500 bp PIK 2.25% |
| G•••• C•••••• D••••• L•••••• U•••••••• C••• | term loan first lien One stop 1 | $2.3M | $2.2M 98c | S+500 bp PIK 2.25% |
| G•••• C•••••• D••••• L•••••• U•••••••• C••• | term loan first lien One stop 2 | $139,000 | $130,000 95c | S+475 bp |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien One stop 2 | $2.1M | $2.0M 95c | S+475 bp |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien One stop 1 | $34.5M | $33.4M 98c | S+500 bp PIK 2.25% |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien One stop 3 | $1.8M | $1.6M 90c | S+500 bp PIK 2.25% |
| H•• C•••••••• L•••••• F••• | revolver first lien 1st L••• S••••• S•••••• R•••••••• L••• | n/a | n/a | |
| H•• C•••••••• L•••••• F••• | delayed draw term loan first lien 1st L••• S••••• S•••••• D•••••• D••• L••• | n/a | n/a | |
| H•• C•••••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $44.5M | $21.9M 100c | S+475 bp |
| H•• C•••••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $307M | $305M 100c | S+500 bp PIK 2.25% |
| H•• C•••••••• L•••••• F••• | unstated lien unstated N••••••••• I••••• | $63.2M | $15.8M 101c | S+500 bp PIK 2.25% |
| S•••• S••••• L•••••• P••••••• | term loan first lien Investment F••••••••• loan ($191,928 par, due 10/2031) I•••••• A••••••••• D••• 10/1/2024 R | n/a | $186M 97c | SOFR+500 bp PIK 2.25% |
| S•••• S••••• L•••••• P••••••• | revolver first lien Investment F••••••••• revolving loan ($11,227 par, due 10/2031) I•••••• A••••••••• D••• 10 | n/a | $10.6M 96c | 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 | 15 | $1.5B | $1.6B | 98c | 21 |
| Mar 31, 2026 | 15 | $1.0B | $1.2B | 98c | 19 |
| Dec 31, 2025 | 15 | $1.4B | $1.5B | 100c | 21 |
| Sep 30, 2025 | 15 | $1.5B | $1.6B | 100c | 31 |
| Jun 30, 2025 | 15 | $1.4B | $1.6B | 100c | 21 |
| Mar 31, 2025 | 15 | $1.4B | $1.5B | 100c | 21 |
| Dec 31, 2024 | 16 | $2.4B | $2.6B | 100c | 23 |
| Sep 30, 2024 | 4 | $381M | $378M | 99c | 0 |
| Jun 30, 2024 | 3 | $41.9M | $42.1M | 101c | 0 |
| Mar 31, 2024 | 3 | $42.1M | $42.1M | 101c | 0 |
| Dec 31, 2023 | 3 | $42.2M | $42.3M | 101c | 0 |
| Sep 30, 2023 | 2 | $31.7M | $31.6M | 100c | 0 |
| Jun 30, 2023 | 1 | $14.8M | $14.8M | 100c | 0 |
| Mar 31, 2023 | 1 | $14.8M | $14.8M | 100c | 0 |
| Dec 31, 2022 | 1 | $14.9M | $14.7M | 99c | 0 |
What changed
- Marked down across lendersMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- Marked down (one lender)Mar 31, 2026
- PIK interest appearsJun 30, 2025
- Spread changed (observed)Jun 30, 2025
- Marked down (one lender)Jun 30, 2025
- PIK interest appearsJun 30, 2025
- New lender joined a facilityMar 31, 2025
- New lender joined a facilityMar 31, 2025
- Spread increasedMar 31, 2025
- New lender joined a facilityMar 31, 2025
- Spread changed (observed)Dec 31, 2024
- PIK interest appearsDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Spread increasedDec 31, 2024
- Spread increasedDec 31, 2024
- PIK interest appearsDec 31, 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
- SEVERINderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 16 BDCsderived
- Industry
- Educationreportedas one filer wrote it