Pathlight Capital joined a $330,000,000 syndicated credit facility for Propel Holdings Inc in support of its CreditFresh line of business. Propel is a fintech company facilitating access to credit for underserved consumers. Proceeds from the...
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November 18, 2024, 08:00 AM
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Pathlight Capital is serving as the Documentation Agent on a $425,000,000 SPV ABL facility and $120,000,000 retail inventory ABL facility for The Aaron’s Company, Inc., an omni channel provider of lease-to-own (“LTO”) and retail purchase solutions of...
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October 21, 2024, 07:50 AM
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Pathlight Capital appointed Doug Nicholson as Managing Director. In this role, Nicholson will collaborate with the originations team to source new transactions.Nicholson joins Pathlight from JPMorgan Chase, where he served as a Portfolio Manager in...
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September 10, 2024, 07:50 AM
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Pathlight Capital announced the final closing of its third fund, Pathlight Capital Fund III LP as well as the initial Tranche of its Evergreen vertical, Pathlight Capital Evergreen Fund LP. The parallel Fund entities secured a combined $860.3 million...
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December 20, 2023, 08:03 AM
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Pathlight Capital announced the hiring of Laura Hegarty as Managing Director, Investor Relations. Hegarty will focus on fundraising initiatives for the $2.7B private credit firm.Hegarty brings with her over 20 years of experience in business...
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November 20, 2023, 07:14 AM
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Pathlight Capital closed a $133.5MM upsize to the existing senior secured term loan credit facility to a Franchise Group, Inc. affiliated SPV to support an incremental purchase of a portfolio of performing receivables from W.S. Badcock Corporation...
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September 13, 2023, 07:41 AM
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Pathlight Capital is serving as the Documentation Agent on a senior secured delayed-draw term loan facility for Beyond Finance, LLC, a provider of success fee-based debt resolution services. The Credit Facility was recently increased from $400...
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September 06, 2023, 07:45 AM
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Pathlight Capital is serving as the Administrative Agent on a $135,000,000 senior secured term facility for Designer Brands Inc., one of the world’s largest designers, producers, and retailers of footwear and accessories in North America. Proceeds...
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June 28, 2023, 08:00 AM
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Pathlight Capital served as the Administrative Agent on a recently funded $30,000,000 FILO Term Facility for Vericast Corp., an advertising services company that helps thousands of businesses across various industries reach customers with digital...
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March 30, 2023, 08:00 AM
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Pathlight Capital announced the closing of a $78.3MM upsize (“Upsize Facility”) to the existing senior secured term loan credit facility to an SPV majority owned by a subsidiary of B. Riley Financial, Inc. to support an incremental purchase of a...
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February 06, 2023, 07:57 AM
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Pathlight Capital is serving as the Administrative Agent on a $148.2 million senior secured term loan credit facility to an SPV majority owned by a subsidiary of B. Riley Financial, Inc. to support the acquisition of a portfolio of performing...
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October 18, 2022, 07:30 AM
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Pathlight Capital is serving as the Documentation Agent on a $400 million senior secured delayed-draw term loan facility (“DDTL”) to Beyond Finance, LLC (“Beyond” or the “Company”), a provider of success fee-based debt resolution services. Comvest...
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October 06, 2022, 07:45 AM
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Saks.com has upsized its existing asset-based revolving credit facility arranged by Bank of America increasing borrowing capacity from $350 million to $450 million. Concurrently, Saks upsized its senior secured term loan facility, of which Pathlight...
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August 18, 2022, 07:53 AM
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Pathlight Capital is serving as the Administrative Agent on the recently funded $355,000,000 Senior Secured Credit Facility for iFIT Health & Fitness Inc., a global leader in connected fitness and interactive content with its extensive portfolio of...
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April 14, 2022, 07:57 AM
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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...
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December 20, 2021, 07:00 AM
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JCPenney paid off its $506 million take-back term loan on December 1, 2021. The Company used its strong existing liquidity position to reduce its debt and save interest as the business continues its transformation.The take-back term loan was held by...
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December 17, 2021, 07:52 AM
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Pathlight Capital announced the final closing of its sophomore funds, Pathlight Capital Fund II LP and Pathlight Capital Offshore Fund II, LP (together, the “Fund”), with $1.16 billion of capital commitments. The Fund was oversubscribed, closing...
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November 09, 2021, 07:54 AM
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Pathlight Capital and S.P. Richards Company have completed a $100 million Last-out transaction (the “Last-out”) as part of a Wells Fargo led $275 million Senior Secured Revolving Credit Facility. S.P. Richards is a leading national business products...
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October 26, 2021, 07:28 AM
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Pathlight Capital is serving as Agent to the recently closed, $50 million senior secured delayed-draw term loan facility (“DDTL”) for My Alarm Center, LLC, a national provider of technologically advanced security and smart home automation solutions...
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August 19, 2021, 07:50 AM
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Saks.com ("Saks") closed on a syndicated $350 million asset-based five-year revolving credit facility arranged by Bank of America, and a $115 million Senior Secured Term Loan arranged by Pathlight Capital.Vince Phelan, Chief Financial Officer of Saks...
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May 13, 2021, 07:05 AM
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Pathlight Capital is serving as the FILO Agent on the recently funded a $17.5 million first-in, last-out (“FILO”) term loan facility for Destination XL Group, Inc. (“DXL” or the “Company”), the largest omni-channel specialty retailer of big and tall...
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March 22, 2021, 07:30 AM
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Pathlight Capital LP and HBC have completed a $150,000,000 Senior Secured Term Loan Facility for the company, of which Pathlight serves as the administrative agent. HBC is a holding company of portfolio businesses operating at the intersection of...
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December 03, 2020, 07:30 AM
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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...
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November 18, 2020, 08:55 AM
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Pathlight Capital announced the appointment of Steven Migliero, Jr. as Chief Operating Officer. In his role as COO, Migliero will be sourcing and underwriting 1st and 2nd lien financing solutions for companies operating in a variety of industries and...
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September 30, 2020, 09:05 AM
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Pathlight Capital LP (Pathlight) announced it is serving as the Administrative Agent on the recently funded $70,000,000 Senior Secured Term Loan facility for Armstrong Flooring, Inc., a global manufacturer of innovative flooring solutions serving...
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July 09, 2020, 08:55 AM
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Pier 1 Imports, Inc. (“Pier 1” or the “Company”) announced that it has entered into a Plan Support Agreement (the “PSA”) with a majority of its term loan lenders and is pursuing a sale of the Company. To facilitate an orderly sale process and...
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February 18, 2020, 09:03 AM
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Pathlight Capital LP announced the final closing of its inaugural funds, Pathlight Capital Fund I LP and Pathlight Capital Offshore Fund I, LP (together, the “Fund”), with $540 million of capital commitments. The Fund was oversubscribed and closed...
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November 04, 2019, 08:45 AM
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Pathlight Capital announced it is serving as the Administrative Agent on $97.5 million Senior Secured Credit Facilities to Black Box Corporation, a leading digital solutions provider that helps customers design, build, manage and secure their IT...
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February 12, 2019, 07:42 AM
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Pathlight Capital announced it is serving as the ABL Term Loan Agent on the recently funded $35 million last-out first lien ABL Term Loan facility to Pier 1 Imports, Inc., a specialty retailer of home décor and accessories.
The $35 million term loan...
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January 10, 2019, 07:08 AM
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Lightyear Capital LLC, a private equity firm specializing in financial services investing, today announced that an affiliated investment fund has completed its acquisition of a majority equity stake in Pathlight Capital LLC (“Pathlight”), a...
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November 24, 2015, 07:30 AM
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