Pathlight Capital served as administrative agent on a $60 million senior secured term loan for Lifetime Brands, a global designer, developer and marketer of a broad range of branded consumer products used in the home.
Proceeds from the facility will strengthen the company’s balance sheet by refinancing existing debt while providing additional liquidity to support ongoing corporate initiatives.
“We are excited to partner with Lifetime Brands and provide financing to support its continued growth,” Matthew Dunn, director at Pathlight Capital, said. “We believe the company has built a strong platform, and we look forward to supporting the management team as they execute on their vision and capitalize on opportunities ahead.”
Rob Kay, CEO of Lifetime Brands, added, “We have built a strong platform, and this facility should provide additional financial flexibility as we continue executing on our corporate initiatives.”
