DFX Intelligence
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Borrower
I•• P•• H•••••••• L••
Business Servicesgroup grade Aon a schedule nowsponsor unattributed
Also written as: Incentive Solutions, Inc.
Principal held
at least $18.6M
sum of BDC pieces, a lower bound
Fair value
$18.7M
100c on cost, debt pieces
Unfunded
n/a
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
1
2 equity pieces beside them
Next maturity
Jul 2, 2026
$18.6M inside 24 months
On the tape since
Dec 31, 2022
latest Jun 30, 2026
Events
3
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 $18.6M | 100c | SOFR+750 bp | Jul 2, 2026 | 1 |
Lenders
every BDC piece at the latest quarter end
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F•••• I••••••••• C••• | equity equity C••••• Equity (256,964 units) Investment date 4/5/2021 | n/a | $149,000 30c | |
| F•••• I••••••••• C••• | term loan first lien F•••• L••• D••• V••••••• I•••• S••••• (S + 7.50%) / (0.50%) V••••••• I•••• F•••• 7.79%/0.0 | $9.4M | $9.4M 100c | SOFR+750 bp |
| F•••• I••••••••• C••• | term loan first lien F•••• L••• D••• V••••••• I•••• S••••• (S + 7.50%) / (0.50%) V••••••• I•••• F•••• 11.29%/0. | $9.2M | $9.2M 100c | SOFR+750 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 | 1 | $18.6M | $18.6M | 100c | 0 |
| Mar 31, 2026 | 1 | $19.3M | $19.3M | 100c | 0 |
| Dec 31, 2025 | 1 | $19.3M | $19.3M | 100c | 0 |
| Sep 30, 2025 | 1 | $20.7M | $20.6M | 100c | 0 |
| Jun 30, 2025 | 1 | $21.3M | $21.3M | 100c | 0 |
| Mar 31, 2025 | 1 | $21.9M | $21.9M | 100c | 0 |
| Dec 31, 2024 | 1 | $21.9M | $21.9M | 100c | 0 |
| Sep 30, 2024 | 1 | $22.4M | $22.4M | 100c | 0 |
| Jun 30, 2024 | 1 | $22.9M | $22.9M | 100c | 0 |
| Mar 31, 2024 | 1 | $23.4M | $23.4M | 100c | 0 |
| Dec 31, 2023 | 1 | $23.7M | $23.7M | 100c | 0 |
| Sep 30, 2023 | 1 | $24.4M | $24.4M | 100c | 0 |
| Jun 30, 2023 | 1 | $24.8M | $24.8M | 100c | 0 |
| Mar 31, 2023 | 1 | $24.8M | $24.8M | 100c | 0 |
| Dec 31, 2022 | 1 | $25.2M | $25.2M | 100c | 0 |
What changed
- Maturity approachingJul 2, 2026
- Maturity approachingJul 2, 2026
- Maturity approachingJul 2, 2026
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- ISI PSGderivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Business Servicesreportedas one filer wrote it