Pathlight Capital is serving as the Administrative Agent on the recently funded $180 million Senior Secured Credit Facility for Christmas Tree Shops, a brick-and-mortar discount retailer with a focus on seasonal products at a value price point.

The $180 million facility, which was completed and funded on November 12, 2020, will be used to finance the acquisition of CTS by Handil Holdings, LLC and provide additional liquidity for ongoing working capital needs.

“Handil Holdings is pleased to be working with Pathlight in our acquisition of the Christmas Tree Shops. The Pathlight team has worked closely with us to develop a credit facility with the goal of ensuring liquidity for the continued success of the business. The Facility enables the company to execute on new initiatives, secure key merchandise expansion and provides the necessary capital for technology upgrades that will support its growth,” said Marc Salkovitz, Executive Chairman of Handil Holdings, LLC.

David Helmes, Managing Director of Pathlight added, “Marc and his team have a compelling vision for the future success of Christmas Tree Shops. We are excited to be involved in the continuing evolution of the Company and we look forward to working with Marc and the entire CTS management team.”