BofA, Regions, Others Increase Fred’s ABL to Support Rite Aid Buy

To support acquisition by Fred’s of 865 Rite Aid stores, Bank of America, Merrill Lynch and Regions Capital have provided $1.05 billion of committed ABL financing.

Pathlight Capital Hires Helmes as Managing Director

Pathlight Capital hired David Helmes as managing director. Helmes, who will be based in New York, NY, will focus on sourcing first and second lien financing solutions for companies operating in a variety of industries.

Lightyear Acquires Majority Stake in Pathlight Capital

Lightyear Capital has acquired a majority stake in Pathlight Capital, a commercial finance company focused on providing asset-based loans to companies in the consumer and retail sector.

WFCF, Pathlight Capital Amend Birks & Mayors Term Loan

Birks & Mayors closed an amendment and extension of its revolver and senior secured term loan. Wells Fargo Capital Finance served as co-collateral agent on the $28 million secured term loan facility.