Pathlight Capital is serving as administrative agent on a recently funded $30 million first in, last out term facility for Vericast, an advertising services company, which will use proceeds from the facility to provide additional liquidity for ongoing working capital needs.
“We are pleased to partner with Pathlight on this financing,” John O’Malley, chairman and CEO of Vericast, said. “They worked quickly and efficiently throughout the process, ensuring that our specific financing and timing needs were met.”
“Pathlight is excited to partner with MacAndrews & Forbes and the Vericast management team as they continue to deliver leading marketing and print solutions to their expansive and loyal customer base,” Tyler Harrington, managing director at Pathlight Capital, said. “We look forward to a long-term partnership.”
