DFX Intelligence
Private Credit Intelligence
The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.
The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.
Borrower
H••••••••• I•••••••• A•••••• I••
I••••••••group grade Aon a schedule nowsponsor unattributed
Also written as: 1; 2023 3rd Amendment; 3; First Lien; First Lien - Drawn; First Undrawn; HIG Intermediate; HIG Operations Holdings
Principal held
at least $654M
sum of BDC pieces, a lower bound
Fair value
$692M
103c on cost, debt pieces
Unfunded
$82.3M
commitments not yet drawn
BDC lenders
45
30 on the latest quarter
Facilities
6
1 equity pieces beside them
Next maturity
Jun 1, 2031
no dated debt inside 24 months
On the tape since
Sep 30, 2021
latest Jun 30, 2026
Events
11
dated, non-routine
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 $396M | 100c | SOFR+450 bp | Jun 11, 2031 | 34 |
| delayed draw term loan lien unstated | at least $113M | 100c | S+450 bp | Jun 11, 2031 | 10 |
| other lien unstated | at least $74.4M | 136c | S+450 bp | Jun 11, 2031 | 21 |
| first lien delayed draw term loan first lien | at least $71.0M | 100c | SOFR+450 bp | Jun 11, 2031 | 17 |
| second lien delayed draw term loan second lien | unknown | n/a | unstated | 2 | |
| term loan lien unstated exited Dec 31, 2025 | at least $17.8M | 101c | S+450 bp | Jun 11, 2031 | 1 |
Equity pieces beside the debt: preferred equity ($34.5M fair value, 3 BDCs)
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| A•••••• P•••••• C••••• F••• | delayed draw term loan first lien Asset Type First Lien Delayed Draw Term Loan Reference Rate and Spread S + 4.50% Interest | $519,000 | $177,000 99c | SOFR+450 bp |
| A•••••• P•••••• C••••• F••• | delayed draw term loan first lien Asset Type First Lien Delayed Draw Term Loan Reference Rate and Spread S + 4.50% Interest | $557,000 | $556,000 100c | SOFR+450 bp |
| A•••••• P•••••• C••••• F••• | term loan first lien Asset Type First Lien Term Loan Reference Rate and Spread S + 4.50% Interest Rate 8.16% Ma | $6.7M | $6.6M 100c | SOFR+450 bp |
| A•••••• P•••••• C••••• F••• | delayed draw term loan first lien Commitment Type Delayed Draw Term Loan Commitment Expiration Date 12/11/2027 | n/a | $-1,000 | |
| A•••••• S•••••••• C••••• F••• | delayed draw term loan first lien Asset Type First Lien Delayed Draw Term Loan Reference Rate and Spread S + 4.50% Interest | $1.7M | $1.7M 100c | SOFR+450 bp |
| A•••••• S•••••••• C••••• F••• | delayed draw term loan first lien Commitment Type Delayed Draw Term Loan Commitment Expiration Date 12/11/2027 | n/a | $-3,000 | |
| A•••••• S•••••••• C••••• F••• | delayed draw term loan first lien Asset Type First Lien Delayed Draw Term Loan Reference Rate and Spread S + 4.50% Interest | $1.6M | $532,000 100c | SOFR+450 bp |
| A•••••• S•••••••• C••••• F••• | term loan first lien Asset Type First Lien Term Loan Reference Rate and Spread S + 4.50% Interest Rate 8.16% Ma | $20.0M | $19.9M 100c | SOFR+450 bp |
| A•••••• S•••••••• C••••• F••• I• L•• | term loan first lien Asset Type First Lien Term Loan Reference Rate and Spread S + 4.50% Interest Rate 8.16% Ma | $1.3M | $1.3M 100c | SOFR+450 bp |
| A•••••• S•••••••• C••••• F••• I• L•• | delayed draw term loan first lien Asset Type First Lien Delayed Draw Term Loan Reference Rate and Spread S + 4.50% Interest | $104,000 | $35,000 97c | SOFR+450 bp |
| A•••••• S•••••••• C••••• F••• I• L•• | delayed draw term loan first lien Asset Type First Lien Delayed Draw Term Loan Reference Rate and Spread S + 4.50% Interest | $111,000 | $111,000 100c | SOFR+450 bp |
| A•••••• S•••••••• C••••• F••• I• L•• | delayed draw term loan lien unstated Commitment Type Delayed Draw Term Loan Commitment Expiration Date 12/11/2027 | n/a | $0 | |
| A••••• D••• S•••••••• B•• | delayed draw term loan first lien Investment Type First Lien S•••••• D••• - Delayed Draw Interest Rate S+450, 1.00% Floor Ma | $16.3M | $15.9M 99c | SOFR+450 bp |
| A••••• D••• S•••••••• B•• | term loan first lien Investment Type First Lien S•••••• D••• - Term Loan Interest Rate S+450, 1.00% Floor Matur | $120M | $119M 99c | SOFR+450 bp |
| A••• C•••••• C••• | term loan first lien First lien senior secured loan 2 | $5.2M | $5.2M 100c | S+450 bp |
| A••• C•••••• C••• | preferred equity equity S••••• A preferred shares | n/a | $1.0M 100c | 10.50% |
| A••• C•••••• C••• | term loan first lien First lien senior secured loan 3 | $1.4M | $1.4M 100c | S+450 bp |
| A••• C•••••• C••• | term loan first lien First lien senior secured loan 1 | $10.2M | $10.2M 100c | S+450 bp |
| A••• C•••••• C••• | unstated lien unstated | n/a | n/a | |
| A••• S•••••••• I••••• F••• | term loan first lien First lien senior secured loan | $7.8M | $7.8M 100c | S+450 bp |
| A••• S•••••••• I••••• F••• | unstated lien unstated | n/a | n/a | |
| A••• S•••••••• I••••• F••• | preferred equity equity S••••• A preferred shares | n/a | $33.5M 101c | 10.50% |
| B•••••••• P•••••• C••••• F••• | delayed draw term loan first lien Instrument First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 4.50% Total Co | $344,721 | $344,721 100c | SOFR+450 bp |
| B•••••••• P•••••• C••••• F••• | term loan first lien Instrument First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 4.50% Total Coupon 8.17% Ma | $15.3M | $15.3M 100c | SOFR+450 bp |
| B•••••••• P•••••• C••••• F••• | delayed draw term loan first lien Instrument First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 4.50% Total Co | $4.1M | $4.1M 101c | SOFR+450 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated Delayed Draw Term Loan | n/a | n/a | |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated Non-Affiliated Issuer | $98.1M | $98.1M 100c | S+450 bp |
| B••••••••• P•••••• C••••• F••• | delayed draw term loan lien unstated Non-Affiliated Issuer | $14.4M | $14.4M 101c | S+450 bp |
| B••••••••• S•••••• L•••••• F••• | unstated lien unstated Non-Affiliated Issuer | $4.9M | $4.9M 100c | S+450 bp |
| C•••••• C••••• S••••••••• I••• | term loan first lien Investment | Non-Affiliated Issuer | First Lien D••• | $13.4M | $13.3M 100c | S+450 bp |
| C•••••• C••••• S••••••••• I••• | delayed draw term loan second lien Investments | Non-Affiliated Issuer | First and Second Lien D••• | Delayed Draw | n/a | n/a | |
| C•••••• S•••••• L••••••• I••• | delayed draw term loan second lien Investments | Non-Affiliated | First and Second Lien D••• | Delayed Draw | n/a | n/a | |
| C•••••• S•••••• L••••••• I••• | term loan first lien Credit Fund | First Lien D••• | $8.8M | $8.7M 100c | S+450 bp |
| C•••••• S•••••• L••••••• I••• | term loan first lien Investment | Non-Affiliated Issuer | First Lien D••• | $7.9M | $7.8M 100c | S+450 bp |
| F••••••• B•• C•••••• C••• | unstated lien unstated | n/a | $10.0M 100c | 10.50% |
| F• K•• C•••••• C••• | term loan first lien | $6.5M | $6.5M 100c | S+450 bp |
| F• K•• C•••••• C••• | term loan first lien | n/a | n/a | |
| F• K•• C•••••• C••• | term loan first lien | $500,000 | $500,000 100c | S+450 bp |
| G•••• C•••••• B•• 4• I••• | term loan first lien One stop 1 | $6.7M | $6.6M 100c | S+450 bp |
| G•••• C•••••• B•• 4• I••• | term loan first lien S••••• secured | $514,000 | $512,000 100c | |
| G•••• C•••••• B•• 4• I••• | term loan first lien One stop 2 | $142,000 | $140,000 99c | |
| G•••• C•••••• B••• I••• | term loan first lien S••••• secured | Non-Affiliated Issuer | $337,000 | $336,000 100c | S+450 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 1 | Non-Affiliated Issuer | $172,000 | $170,000 99c | S+450 bp |
| G•••• C•••••• B••• I••• | term loan first lien One stop 2 | Non-Affiliated Issuer | $9.4M | $9.3M 99c | S+450 bp |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 2 | $35,000 | $34,000 100c | S+450 bp |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien One stop 1 | $2.0M | $2.0M 100c | S+450 bp |
| G•••• C•••••• D••••• L•••••• C••• | term loan first lien S••••• secured | $176,000 | $175,000 99c | S+450 bp |
| G•••• C•••••• D••••• L•••••• U•••••••• C••• | term loan first lien One stop 2 | $17,000 | $17,000 100c | S+450 bp |
| G•••• C•••••• D••••• L•••••• U•••••••• C••• | term loan first lien One stop 1 | $1.2M | $1.2M 100c | S+450 bp |
| G•••• C•••••• D••••• L•••••• U•••••••• C••• | term loan first lien One stop 3 | $131,000 | $130,000 99c | S+450 bp |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien One stop 2 | $894,000 | $882,000 99c | S+450 bp |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien S••••• secured | $1.6M | $1.6M 100c | S+450 bp |
| G•••• C•••••• P•••••• C••••• F••• | term loan first lien One stop 1 | $8.3M | $8.2M 100c | S+450 bp |
| H•• C•••••••• L•••••• F••• | delayed draw term loan first lien Non-Affiliated Issuer | $41.8M | $41.8M 101c | S+450 bp |
| H•• C•••••••• L•••••• F••• | delayed draw term loan first lien Non-Affiliated Issuer | $3.8M | $3.8M 101c | S+450 bp |
| K•• E••••••• U• D••••• L•••••• F••••• I••• | unstated lien unstated | $2.4M | $821,000 | S+450 bp |
| K•• E••••••• U• D••••• L•••••• F••••• I••• | unstated lien unstated | $19.9M | $19.9M | S+450 bp |
| K•• E••••••• U• D••••• L•••••• F••••• I••• | unstated lien unstated | $1.0M | $1.0M | S+450 bp |
| K•• F• I••••• T•••• | unstated lien unstated | $1.9M | $1.9M 100c | S+450 bp |
| K•• F• I••••• T•••• | unstated lien unstated | n/a | n/a | |
| K•• F• I••••• T•••• | unstated lien unstated | $27.0M | $27.0M 100c | S+450 bp |
| K•• F• I••••• T•••• S••••• | unstated lien unstated | n/a | n/a | |
| K•• F• I••••• T•••• S••••• | unstated lien unstated | $1.2M | $1.2M 100c | S+450 bp |
| K•• F• I••••• T•••• S••••• | unstated lien unstated | $16.1M | $16.1M 100c | S+450 bp |
| L••• P•••••• C••••• L•• | term loan first lien First Lien D••• Reference Rate and Spread S + 4.50% Interest Rate 8.14% Maturity Date 6/11 | $322,000 | $322,000 101c | SOFR+450 bp |
| L••• P•••••• C••••• L•• | term loan first lien First Lien D••• Reference Rate and Spread S + 4.50% Interest Rate 8.14% Maturity Date 6/11 | $5.2M | $5.2M 100c | SOFR+450 bp |
| L••• P•••••• C••••• L•• | delayed draw term loan first lien First Lien D••• Commitment Type Delayed Draw Term Loan Commitment Expiration Date 12/10/20 | n/a | n/a | |
| M••••• S•••••• D••••• L•••••• F••• | delayed draw term loan first lien First Lien D••• Commitment Type Delayed Draw Term Loan Commitment Expiration Date 10/12/20 | n/a | n/a | |
| M••••• S•••••• D••••• L•••••• F••• | term loan first lien Investment First Lien D••• Reference Rate and Spread S + 4.50% Interest Rate 8.14% Maturit | $2.9M | $2.9M 101c | SOFR+5 bp |
| M••••• S•••••• D••••• L•••••• F••• | term loan first lien Investment First Lien D••• Reference Rate and Spread S + 4.50% Interest Rate 8.14% Maturit | $29.1M | $29.1M 101c | SOFR+5 bp |
| N•• S•• I• I••• | term loan first lien First Lien | Non-Affiliated Issuer | $19.7M | $19.7M 100c | S+450 bp |
| N•• S•• I• I••• | term loan first lien First Lien - Drawn | Non-Affiliated Issuer | $402,000 | $402,000 100c | S+450 bp |
| N•• S•• I• I••• | term loan first lien First Lien | Non-Affiliated Issuer | $3.9M | $3.9M 100c | S+450 bp |
| N•••• H•••• P•••••• I••••• F••• A• L•• | term loan first lien Investment First Lien D••• Reference Rate and Spread S + 4.50% Interest Rate 8.14% Maturit | $400,000 | $400,000 101c | SOFR+450 bp |
| N•••• H•••• P•••••• I••••• F••• A• L•• | term loan first lien Investment First Lien D••• Reference Rate and Spread S + 4.50% Interest Rate 8.14% Maturit | $5.4M | $5.4M 100c | SOFR+450 bp |
| N•••• H•••• P•••••• I••••• F••• A• L•• | delayed draw term loan first lien First Lien D••• Commitment Type Delayed Draw Term Loan Commitment Expiration Date 12/10/20 | n/a | $-0 | |
| N•••• H•••• P•••••• I••••• F••• L•• | term loan first lien Investment First Lien D••• Reference Rate & Spread S + 4.50% Interest Rate 8.14% Maturity | $7.2M | $7.2M 101c | SOFR+450 bp |
| N•••• H•••• P•••••• I••••• F••• L•• | delayed draw term loan first lien First Lien D••• Commitment Type Delayed Draw Term Loan Commitment Expiration Date 12/10/20 | n/a | n/a | |
| N•••• H•••• P•••••• I••••• F••• L•• | term loan first lien Investment First Lien D••• Reference Rate & Spread S + 4.50% Interest Rate 8.14% Maturity | $36.4M | $36.4M 100c | SOFR+450 bp |
| O•• S••••• P•••••• L•••••• F••• •• L•• | term loan first lien First Lien D••• | Finance | $312,000 | $312,000 100c | S+450 bp |
| O•• S••••• P•••••• L•••••• F••• •• L•• | unstated lien unstated | n/a | n/a | |
| O•• S••••• P•••••• L•••••• F••• •• L•• | term loan first lien First Lien D••• | Finance | $200,000 | $69,000 101c | S+450 bp |
| O•• S••••• P•••••• L•••••• F••• •• L•• | term loan first lien First Lien D••• | Finance | $2.5M | $2.5M 100c | S+450 bp |
| T• S••••• B•• L•• | delayed draw term loan first lien First Lien D••• Commitment Type Delayed Draw Term Loan Commitment Expiration Date 12/10/20 | n/a | n/a | |
| T• S••••• B•• L•• | term loan first lien Investment First Lien D••• Reference Rate and Spread S + 4.50% Interest Rate 8.14% Maturit | $12.7M | $12.7M 100c | SOFR+450 bp |
| T• S••••• B•• L•• | term loan first lien Investment First Lien D••• Reference Rate and Spread S + 4.50% Interest Rate 8.14% Maturit | $440,000 | $440,000 101c | SOFR+450 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | term loan first lien First Lien D••• | $839,000 | $289,000 101c | S+450 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | unstated lien unstated | n/a | n/a | |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | term loan first lien First Lien D••• | $10.4M | $10.4M 100c | S+450 bp |
| T• R••• P•••• O•• S••••• P•••••• C••••• F••• | term loan first lien First Lien D••• | $1.3M | $1.3M 100c | S+450 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 | 30 | $654M | $648M | 103c | 0 |
| Mar 31, 2026 | 29 | $417M | $404M | 105c | 0 |
| Dec 31, 2025 | 29 | $483M | $470M | 105c | 0 |
| Sep 30, 2025 | 30 | $496M | $479M | 101c | 0 |
| Jun 30, 2025 | 30 | $588M | $568M | 101c | 0 |
| Mar 31, 2025 | 30 | $575M | $553M | 101c | 0 |
| Dec 31, 2024 | 29 | $895M | $840M | 100c | 0 |
What changed
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- New lender joined a facilityMar 31, 2026
- Lender left a facilityMar 31, 2026
- Maturity extended (observed)Mar 31, 2026
- New lender joined a facilityMar 31, 2026
- Maturity extended (observed)Mar 31, 2026
- Maturity extended (observed)Dec 31, 2025
- Lender left a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Facility left every BDC scheduleDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- New lender joined a facilityDec 31, 2025
- New lender joined a facilityDec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
- Maturity shortened (observed)Dec 31, 2025
- Maturity extended (observed)Dec 31, 2025
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- HIGGINBOTHAM INSURANCE AGENCYderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 45 BDCsderived
- Industry
- I••••••••reportedas one filer wrote it