DFX Intelligence
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Borrower
I•••••••• H•••••• I••
Also written as: I•••••••• Acquisition, LLC
Principal held
at least $51.8M
sum of BDC pieces, a lower bound
Fair value
$51.6M
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
3
3 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Jul 26, 2027
$51.8M inside 24 months
On the tape since
Sep 30, 2023
latest Jun 30, 2026
Events
6
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 $39.4M | 101c | SOFR+665 bp | Jul 26, 2027 | 3 |
| first lien revolver first lien | at least $12.4M | 100c | SOFR+665 bp | Jul 26, 2027 | 3 |
| other lien unstated exited Dec 31, 2025 | at least $34.7M | 101c | unstated | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| K•••• A••••••• B••• I••• | revolver first lien F•••• lien senior secured revolving loan - I••••••• R••• 10.30% - S••••• 6.65% - R•••••••• | $167,000 | $167,000 104c | SOFR+665 bp |
| K•••• A••••••• B••• I••• | term loan first lien F•••• lien senior secured loan - I••••••• R••• 10.38% - S••••• 6.65% - R•••••••• S•••(Q) - | $34.4M | $34.4M 101c | SOFR+665 bp |
| K•••• D• 2•••• I••• | revolver first lien F•••• lien senior secured revolving loan - I••••••• R••• 10.38% - S••••• 6.70% - R•••••••• | $33,000 | $33,000 106c | SOFR+665 bp |
| K•••• D• 2•••• I••• | term loan first lien F•••• lien senior secured loan - I••••••• R••• 10.38% - S••••• 6.70% - R•••••••• S•••(Q) - | $5.0M | $5.0M 101c | SOFR+665 bp |
| S•••••••• P•••••• C••••• F••• L•• | revolver first lien R•••••••• L••• (I•••••••• E•••••••••) | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | | $3.5M | $3.5M 99c | SOFR+650 bp |
| S•••••••• P•••••• C••••• F••• L•• | revolver first lien R•••••••• L••• (I•••••••• E•••••••••) | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | $996,000 | $982,000 99c | SOFR+650 bp |
| S•••••••• P•••••• C••••• F••• L•• | revolver first lien R•••••••• L••• (I•••••••• E•••••••••) | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | | $3.4M | $3.3M 100c | SOFR+650 bp |
| S•••••••• P•••••• C••••• F••• L•• | revolver first lien R•••••••• L••• (I•••••••• E•••••••••) | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | $4.2M | $4.2M 99c | SOFR+650 bp |
| S•••••••• P•••••• C••••• F••• L•• | revolver first lien R•••••••• L••• (I•••••••• E•••••••••) | N••• D••• Inv. | F•••• L••• S••••• S•••••• L••• | | $37,000 | $36,000 106c | SOFR+650 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 | 3 | $51.8M | $51.6M | 100c | 0 |
| Mar 31, 2026 | 3 | $55.1M | $54.9M | 100c | 0 |
| Dec 31, 2025 | 3 | $125M | $124M | 101c | 0 |
| Sep 30, 2025 | 2 | $85.2M | $84.9M | 101c | 0 |
| Jun 30, 2025 | 1 | $15.6M | $15.4M | 100c | 0 |
| Mar 31, 2025 | 1 | $10.4M | $10.2M | 100c | 0 |
| Dec 31, 2024 | 2 | $75.2M | $74.5M | 101c | 0 |
| Sep 30, 2024 | 1 | $3.4M | $3.4M | 100c | 0 |
| Jun 30, 2024 | 1 | $3.5M | $3.4M | 100c | 0 |
| Mar 31, 2024 | 1 | $3.5M | $3.4M | 101c | 0 |
| Dec 31, 2023 | 1 | $6.9M | $6.8M | 100c | 0 |
| Sep 30, 2023 | 1 | $3.5M | $3.4M | 100c | 0 |
What changed
- Maturity approachingJul 26, 2027
- Maturity approachingJul 26, 2027
- Maturity approachingJul 26, 2027
- Maturity approachingJul 26, 2027
- Lender left a facilityMar 31, 2026
- Marked down (one lender)Mar 31, 2026
- 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 facilityJun 30, 2025
- Maturity extended (observed)Dec 31, 2023
- Maturity extended (observed)Dec 31, 2023
Sponsor
- T•••••• H••• M••••••••• L•••
- the sponsor's own portfolio page lists a company of this nameestimatedtrinityhunt.com"••• Locked"
Identity
- Group key
- IMPROVINGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 2 across 3 BDCsderived
- Industry
- IT servicesreportedas one filer wrote it