Pathlight Capital is serving as the Administrative Agent on the recently funded $340 million Senior Secured Term Loan Facility for JCPenney. The Term Loan serves as an amendment and extension of the initial FILO Facility of $300 million that funded in December 2020.
“Pathlight is excited to continue our partnership with the incredible management team and equity partners at JCPenney,” said Dan Platt, CEO of Pathlight Capital. “We believe the transaction positions the Company to continue on its growth trajectory and we are pleased to help support them as they successfully execute on their strategic initiatives.”