DFX Intelligence
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Borrower
H•••• I••••••••• I••
Softwaregroup grade Aon a schedule nowsponsor unattributed
Also written as: Inc. Sr Secured
Nothing material in the last 200 days. No dated change on record yet.
Mark path, consensus per quarter end
100¢ · 100¢ · 100¢ · 99¢ · 99¢Q2 2025 to Q2 2026
Where each lender marks it, 0 points apart
99¢99¢
Principal held
at least $37.9M
sum of BDC pieces, a lower bound
Fair value
$36.9M
99c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Sep 30, 2030
no dated debt inside 24 months
On the tape since
Sep 30, 2024
latest Jun 30, 2026
Events
2
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 |
|---|---|---|---|
| B•••••••• T•• C•••••• C•••• | $18.7M | 99¢ | 0 pts |
| B•••••••• P•••••• C••••• F••• | $14.9M | 99¢ | 0 pts |
| B•••••••• D••••• L•••••• C•••• | $4.23M | 99¢ | 0 pts |
Every BDC piece · 6 positions across 3 lenderslargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• T•• C•••••• C•••• | term loan first lien F•••• L••• T••• L••• Ref S•••(M) F•••• 1.00% S••••• 2.88% C••• + 3.38% PIK T•••• C••••• 9. | $18.7M | $18.3M 99c | SOFR+288 bp PIK 3.38% |
| B•••••••• P•••••• C••••• F••• | term loan first lien I••••••••• F•••• L••• T••• L••• Ref S•••(M) F•••• 1.00% S••••• 2.88% C••• + 3.38% PIK T••• | $14.9M | $14.6M 99c | SOFR+288 bp PIK 3.38% |
| B•••••••• D••••• L•••••• C•••• | term loan first lien I••••••••• F•••• L••• T••• L••• Ref S•••(M) F•••• 1.00% S••••• 2.88% C••• + 3.38% PIK T••• | $4.2M | $4.1M 99c | SOFR+288 bp PIK 3.38% |
| B•••••••• D••••• L•••••• C•••• | revolver lien unstated I••••••••• Sr S•••••• R••••••• Ref S•••(M) F•••• 1.00% S••••• 2.88% C••• + 3.38% PIK T•••• | $0 | $-12,222 216c | SOFR+288 bp PIK 3.38% |
| B•••••••• P•••••• C••••• F••• | revolver first lien I••••••••• F•••• L••• R••••••• Ref S•••(M) F•••• 1.00% S••••• 2.88% C••• + 3.38% PIK T•••• | $0 | $-43,065 236c | SOFR+288 bp PIK 3.38% |
View all 6 positionsShow fewerlargest principal first
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| B•••••••• T•• C•••••• C•••• | revolver lien unstated R••••••• Ref S•••(M) F•••• 1.00% S••••• 2.88% C••• + 3.38% PIK T•••• C••••• 9.89% M••••••• | $0 | $-54,118 167c | SOFR+288 bp PIK 3.38% |
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 $37.9M | 99c | SOFR+288 bp PIK 3.38% | Sep 30, 2030 | 3 |
| first lien revolver first lien | at least $0 | n/a | SOFR+288 bp PIK 3.38% | Sep 30, 2030 | 1 |
| revolver lien unstated | at least $0 | n/a | SOFR+288 bp PIK 3.38% | Sep 30, 2030 | 2 |
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 | $37.9M | $36.9M | 99c | 6 |
| Mar 31, 2026 | 3 | $37.5M | $36.5M | 99c | 6 |
| Dec 31, 2025 | 3 | $37.2M | $36.6M | 100c | 4 |
| Sep 30, 2025 | 3 | $37.4M | $36.2M | 100c | 6 |
All 8 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2025 | 3 | $36.6M | $36.0M | 100c | 6 |
| Mar 31, 2025 | 3 | $36.8M | $35.7M | 100c | 6 |
| Dec 31, 2024 | 3 | $40.0M | $39.4M | 100c | 8 |
| Sep 30, 2024 | 3 | $35.7M | $35.1M | 100c | 0 |
What changed
- PIK interest appearsMar 31, 2026
- PIK interest appearsDec 31, 2024
- PIK interest appearsDec 31, 2024
- PIK interest appearsDec 31, 2024
- PIK interest appearsDec 31, 2024
Full timeline · 6 eventsShow fewer
- New borrower on a BDC scheduleSep 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
- HONEYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 3 BDCsderived
- Industry
- Softwarereportedas one filer wrote it