Perimeter Solutions, Inc. bonds PRM
Who owns Perimeter Solutions, Inc.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. PRM stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 29977LAA9 | 5% fixed | 2029-10-30 | USD | 97.63 | 5.81% | 154 bp | 30 | $87.5M | Jul 2026 |
| 71384AAA2 | 6.25% fixed | 2034-01-15 | USD | 98.18 | 6.56% | 208 bp | 21 | $44.1M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 2 | $131.7M | 97.91 | 6.18% | 181 bp | 30 |
| Jun 2026 | 2 | $253.3M | 98.93 | 5.97% | 171 bp | 44 |
| May 2026 | 2 | $103.7M | 98.70 | 6.00% | 180 bp | 23 |
| Apr 2026 | 2 | $127.4M | 99.03 | 5.90% | 189 bp | 32 |
| Mar 2026 | 2 | $241.3M | 97.81 | 6.17% | 224 bp | 47 |
| Feb 2026 | 2 | $106.0M | 99.43 | 5.83% | 206 bp | 21 |
| Jan 2026 | 2 | $123.6M | 99.22 | 5.86% | 199 bp | 27 |
| Dec 2025 | 2 | $237.0M | 99.18 | 5.82% | 202 bp | 43 |
| Nov 2025 | 1 | $57.8M | 98.45 | 5.44% | 183 bp | 18 |
| Oct 2025 | 1 | $79.7M | 98.33 | 5.47% | 188 bp | 25 |
| Sep 2025 | 1 | $169.8M | 97.90 | 5.58% | 197 bp | 38 |
| Aug 2025 | 1 | $70.8M | 97.88 | 5.58% | 184 bp | 20 |
| Jul 2025 | 1 | $75.3M | 97.22 | 5.74% | 184 bp | 25 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 37 added, 30 cut, 7 new holders and 6 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| NYLIM MacKay High Yield Corporate Bond Fund NYLIM FUNDS | 2026-07-31 | $62.8M | $61.4M | $0 |
| BlackRock High Yield Portfolio BlackRock Funds V | 2026-06-30 | $61.6M | $61.0M | $0 |
| Artisan High Income Fund Artisan Partners Funds Inc. | 2026-06-30 | $59.9M | $59.2M | $6.3M |
| PGIM High Yield Fund Prudential Investment Portfolios, Inc. 15 | 2026-05-29 | $42.5M | $41.9M | $0 |
| iShares Broad USD High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $25.9M | $25.3M | $3.2M |
| Guggenheim Macro Opportunities Fund Guggenheim Funds Trust | 2026-06-30 | $22.1M | $21.9M | $0 |
| iShares iBoxx $ High Yield Corporate Bond ETF iShares Trust | 2026-05-31 | $17.0M | $16.8M | $3.6M |
| NYLIM VP MacKay High Yield Corporate Bond Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $16.4M | $16.2M | $400K |
| State Street(R) SPDR(R) Portfolio High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $13.3M | $13.1M | $3.8M |
| State Street(R) SPDR(R) Bloomberg High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $11.5M | $11.4M | $3.6M |
| NYLIM MacKay Short Duration High Income Fund NYLIM FUNDS TRUST | 2026-07-31 | $11.6M | $11.3M | $625K |
| Nuveen High Yield Fund TIAA-CREF Funds | 2026-06-30 | $8.9M | $8.7M | $0 |
| BlackRock Corporate High Yield Fund, Inc. | 2026-06-30 | $8.7M | $8.7M | $0 |
| iShares High Yield Systematic Bond ETF iShares Trust | 2026-05-31 | $8.0M | $7.8M | -$705K |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $7.0M | $6.9M | -$155K |
| Lord Abbett High Yield Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $6.1M | $6.1M | $0 |
| iShares 0-5 Year High Yield Corporate Bond ETF iShares Trust | 2026-07-31 | $6.1M | $5.9M | -$25K |
| Guggenheim Strategic Opportunities Fund | 2026-05-29 | $5.9M | $5.8M | $0 |
| BlackRock High Yield V.I. Fund BlackRock Variable Series Funds II, Inc. | 2026-06-30 | $5.4M | $5.3M | $1.7M |
| BlackRock Multi-Asset Income Portfolio BlackRock Funds II | 2026-07-31 | $5.2M | $5.1M | $957K |
| Goldman Sachs High Yield Fund GOLDMAN SACHS TRUST | 2026-06-30 | $4.8M | $4.8M | -$3.5M |
| PGIM Active High Yield Bond ETF PGIM ETF Trust | 2026-05-29 | $4.3M | $4.2M | $633K |
| Six Circles Credit Opportunities Fund SIX CIRCLES TRUST | 2026-06-30 | $4.2M | $4.1M | -$112K |
| Xtrackers USD High Yield Corporate Bond ETF DBX ETF Trust | 2026-05-29 | $3.9M | $3.8M | -$306K |
| State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.8M | $3.7M | -$911K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Fidelity Enhanced High Yield ETF ($2.3M), Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust ($700K), Invesco Senior Loan Fund ($692K), TCW Flexible Income ETF ($431K), Multi-Manager Alternative Strategies Fund ($212K), BlackRock Global Allocation Fund, Inc. ($34K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| USHY iShares Broad USD High Yield Corporate Bond ETF | 2026-07-31 | 2 | $25.9M | $25.3M | 0.09% |
| HYG iShares iBoxx $ High Yield Corporate Bond ETF | 2026-05-31 | 2 | $17.0M | $16.8M | 0.10% |
| SPHY State Street(R) SPDR(R) Portfolio High Yield Bond ETF | 2026-06-30 | 2 | $13.3M | $13.1M | 0.12% |
| JNK State Street(R) SPDR(R) Bloomberg High Yield Bond ETF | 2026-06-30 | 2 | $11.5M | $11.4M | 0.15% |
| HYDB iShares High Yield Systematic Bond ETF | 2026-05-31 | 1 | $8.0M | $7.8M | 0.48% |
| SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 2026-07-31 | 1 | $6.1M | $5.9M | 0.08% |
| PHYL PGIM Active High Yield Bond ETF | 2026-05-29 | 2 | $4.3M | $4.2M | 0.33% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 2026-05-29 | 2 | $3.9M | $3.8M | 0.11% |
| SJNK State Street(R) SPDR Bloomberg Short Term High Yield Bond ETF | 2026-06-30 | 1 | $3.8M | $3.7M | 0.08% |
| BHYB Xtrackers USD High Yield BB-B ex Financials ETF | 2026-05-31 | 2 | $2.5M | $2.4M | 0.10% |
| SCYB Schwab High Yield Bond ETF | 2026-05-31 | 2 | $2.2M | $2.1M | 0.08% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund | 2026-06-30 | 1 | $1.6M | $1.6M | 0.09% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 2 | $1.4M | $1.4M | 0.00% |
| FBND Fidelity Total Bond ETF | 2026-05-31 | 1 | $1.3M | $1.3M | 0.01% |
| IBHI iShares iBonds 2029 Term High Yield and Income ETF | 2026-07-31 | 1 | $1.2M | $1.2M | 0.24% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.02: safer than 38% of companies (43th percentile in Basic Materials). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $4.31B |
| Debt barrier (short-term + ½ long-term debt) | $664.9M |
| Equity volatility (1 year) | 55.2% |
| Asset value / asset volatility (solved) | $4.95B / 48.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 181 bp spread prices in about 3.0% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z = 0.69 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in PRM's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 27 | $55.4M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 296 | $4.71B | 2 | $2.3M | 6 | $7.5M | 0 |
| 2026-03-31 | 277 | $2.81B | 2 | $1.5M | 7 | $9.4M | 0 |
| 2025-12-31 | 275 | $3.40B | 3 | $864K | 8 | $11.4M | 0 |
| 2025-09-30 | 227 | $2.72B | 2 | $515K | 8 | $12.1M | 0 |
| 2025-06-30 | 203 | $1.73B | 3 | $232K | 7 | $11.8M | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.