Pathlight Capital announced it is serving as the Administrative Agent on the recently funded $27.5 million last-out first lien ABL Term Loan facility to Dayton Superior, Inc., a manufacturer and supplier of products for medium to large contractors serving all facets of concrete construction. The Company is one of the go-to experts for innovative products used in non-residential construction projects in the infrastructure, commercial, industrial, and institutional markets.

The $27.5 million term loan, which was completed and funded on March 8, 2019, in conjunction with a new $57.5 million ABL Revolving Credit Facility, will be used to refinance certain existing indebtedness as well as provide additional liquidity for general working capital purposes.

“Pathlight is pleased to be working with Dayton, who we believe to be best in class for servicing medium to large contractors in the construction industry,” said Kyle C. Shonak, Managing Director of Pathlight.

“The refinancing is creatively structured to provide maximum liquidity, allowing management the ability to drive its vision for the business, while effectively servicing and growing its customer base.”