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
F•• H••••••• I••
Commercial Services & Suppliesgroup grade Aon a schedule nowsponsor unattributed
Also written as: Inc. Investments; Inc. Term B Loan
What matters now
- $89.6Mprincipal outstanding
$89.6M principal held by 4 lenders; matures Dec 2028.
Q2 2026 · Refinancing is due in 27 months at a 87¢ mark.
FactBDC schedules of investments, 30 Jun 2026; a sum of the BDCs' pieces, a lower bound
Mark path, consensus per quarter end
91¢ · 88¢ · 88¢ · 87¢ · 87¢Q2 2025 to Q2 2026
Where each lender marks it, 5 points apart
86¢91¢
Principal held
at least $89.6M
sum of BDC pieces, a lower bound
Fair value
$77.0M
87c on cost, debt pieces
Unfunded
$75,000
commitments not yet drawn
BDC lenders
5
4 on the latest quarter
Facilities
4
0 equity pieces beside them
Next maturity
Dec 15, 2028
no dated debt inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
6
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2026, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| N•••• H•••• P•••••• I••••• F••• L•• | $32.1M | 88¢ | 0 pts |
| T• S••••• B•• L•• | $27.1M | 86¢ | 0 pts |
| M••••• S•••••• D••••• L•••••• F••• | $25.4M | 86¢ | 0 pts |
| S•••••••• P•••••• C••••• F••• L•• | $5M | 91¢ | 0 pts |
Every BDC piece · 13 positions across 4 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| N•••• H•••• P•••••• I••••• F••• L•• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• & S••••• S + 5.25% I••••••• R••• 9.10% M••••••• | $24.1M | $20.7M 88c | SOFR+575 bp PIK 0.50% |
| T• S••••• B•• L•• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• and S••••• S +5.75% (incl. 0.50% PIK) I••••••• R | $20.4M | $17.5M 86c | SOFR+575 bp PIK 0.50% |
| M••••• S•••••• D••••• L•••••• F••• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• and S••••• S + 5.75% (incl. 0.50% PIK) I••••••• | $19.1M | $16.4M 86c | SOFR+575 bp PIK 0.50% |
| N•••• H•••• P•••••• I••••• F••• L•• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• & S••••• S + 5.25% I••••••• R••• 9.10% M••••••• | $5.7M | $4.8M 88c | SOFR+575 bp PIK 0.50% |
| S•••••••• P•••••• C••••• F••• L•• | term loan first lien N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | 9.13% / 0.50% | 12/15/2028 | $5.0M | $4.5M 91c | SOFR+575 bp PIK 0.50% |
View all 13 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| T• S••••• B•• L•• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• and S••••• S +5.75% (incl. 0.50% PIK) I••••••• R | $4.8M | $4.1M 86c | SOFR+575 bp PIK 0.50% |
| M••••• S•••••• D••••• L•••••• F••• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• and S••••• S + 5.75% (incl. 0.50% PIK) I••••••• | $4.5M | $3.8M 86c | SOFR+575 bp PIK 0.50% |
| N•••• H•••• P•••••• I••••• F••• L•• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• & S••••• S + 5.25% I••••••• R••• 9.10% M••••••• | $2.3M | $2.0M 88c | SOFR+575 bp PIK 0.50% |
| T• S••••• B•• L•• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• and S••••• S +5.75% (incl. 0.50% PIK) I••••••• R | $2.0M | $1.7M 86c | SOFR+575 bp PIK 0.50% |
| M••••• S•••••• D••••• L•••••• F••• | term loan first lien Investment F•••• L••• D••• R•••••••• R••• and S••••• S + 5.75% (incl. 0.50% PIK) I••••••• | $1.8M | $1.6M 86c | SOFR+575 bp PIK 0.50% |
| M••••• S•••••• D••••• L•••••• F••• | revolver first lien F•••• L••• D••• C••••••••• T••• R••••••• C••••••••• E••••••••• D••• 12/15/2028 | Not disclosed | Not disclosed | S+575 bp |
| N•••• H•••• P•••••• I••••• F••• L•• | revolver first lien F•••• L••• D••• C••••••••• T••• R••••••• C••••••••• E••••••••• D••• 12/15/2028 | Not disclosed | Not disclosed | S+575 bp |
| T• S••••• B•• L•• | revolver first lien F•••• L••• D••• C••••••••• T••• R••••••• C••••••••• E••••••••• D••• 12/15/2028 | Not disclosed | Not disclosed | S+575 bp |
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 $89.6M | 87c | SOFR+575 bp PIK 0.50% | Dec 15, 2028 | 4 |
| first lien revolver first lien | unknown | n/a | S+575 bp | unstated | 3 |
| revolver lien unstated exited Dec 31, 2024 | at least $25.8M | 90c | S+525 bp | unstated | 2 |
| other lien unstated exited Jun 30, 2025 | unknown | n/a | unstated | 4 |
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 | 4 | $89.6M | $77.0M | 87c | 10 |
| Mar 31, 2026 | 4 | $87.4M | $74.9M | 87c | 0 |
| Dec 31, 2025 | 4 | $92.3M | $79.3M | 88c | 0 |
| Sep 30, 2025 | 4 | $87.6M | $75.2M | 88c | 0 |
All 15 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 4 | $86.7M | $76.9M | 91c | 0 |
| Mar 31, 2025 | 4 | $85.1M | $75.1M | 90c | 0 |
| Dec 31, 2024 | 4 | $180M | $161M | 92c | 0 |
| Sep 30, 2024 | 4 | $85.5M | $78.7M | 95c | 0 |
| Jun 30, 2024 | 4 | $66.3M | $61.4M | 94c | 0 |
| Mar 31, 2024 | 5 | $82.9M | $82.4M | 101c | 0 |
| Dec 31, 2023 | 5 | $88.1M | $87.6M | 101c | 0 |
| Sep 30, 2023 | 4 | $78.4M | $77.4M | 100c | 0 |
| Jun 30, 2023 | 4 | $83.6M | $82.5M | 100c | 0 |
| Mar 31, 2023 | 4 | $83.8M | $82.6M | 100c | 0 |
| Dec 31, 2022 | 4 | $84.0M | $82.5M | 100c | 0 |
What changed
- Spread changed (observed)Jun 30, 2026
- PIK interest appearsJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
Full timeline · 23 eventsShow fewer
- Spread increasedJun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- PIK interest appearsJun 30, 2026
- Facility left every BDC scheduleJun 30, 2025
- Lender left a facilityJun 30, 2025
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Facility left every BDC scheduleDec 31, 2024
- New lender joined a facilityDec 31, 2024
- New lender joined a facilityDec 31, 2024
- Marked down across lendersJun 30, 2024
- New lender joined a facilityJun 30, 2024
- Marked down across lendersJun 30, 2024
- Marked down (one lender)Jun 30, 2024
- Marked down (one lender)Jun 30, 2024
- New lender joined a facilityJun 30, 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
- F•• H••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 5 BDCsderived
- Industry
- Commercial Services & Suppliesreportedas one filer wrote it