BOSTON — Pathlight Capital LP announced it is serving as the Administrative Agent on a $210,000,000 senior secured credit facility for Spring Venture Group, LLC (“SVG”), one of the fastest growing omnichannel distributors of Medicare Advantage, and leading Medicare Supplement distributors. As part of the facility, Pathlight underwrote and provided a $170,000,000 term loan.
Proceeds from the facilities will be used to refinance existing debt and provide liquidity for general corporate purposes.
“We believe SVG is well-positioned to continue as a market leader in the Medicare Advantage and Medicare Supplement brokerage sector, led by a top-tier management team,” commented Tyler Harrington, Managing Director at Pathlight.
“The transaction process with Pathlight has been seamless and we are thrilled to have them as a key financial partner to help SVG fund its next phase of growth,” said Spring Venture Group’s Chief Executive Officer Chris Guliani.
“It’s been a pleasure working with the team at SVG and their private equity sponsor, Corsair Capital,” added Christopher Arnold, Managing Director at Pathlight. “We are happy to partner with both parties and provide a bespoke financing solution against a portfolio of financial assets.”
