Clarifying UEFA losses

I'm analyzing a statement about PSG's losses in the Champions League to Bayern. It struck me that Real Madrid and Barça probably haven't lost that many times to Bayern. In fact, Real has often eliminated Bayern. I think Arsenal might actually have the most losses against Bayern. So, the original statement makes sense if it means PSG has lost nine times to Bayern, which would be the second-most losses in UCL history, following losses to Real Madrid and Barcelona.