Pathlight Capital served as the administrative agent on a $225 million senior secured credit facility for JGW Debt Settlement, a provider of success fee-based debt resolution services.
Proceeds from the credit facility will be used to refinance existing debt and support the continued expansion of the company’s debt resolution business.
“Pathlight is pleased to support JG Wentworth and its trusted brand as they expand their debt resolution platform,” Doug Nicholson, managing director at Pathlight Capital, said. “We look forward to a long-term partnership and to supporting the company’s continued growth and strategic evolution.”
“Securing this growth capital from Pathlight Capital marks an important milestone for our company,” Randi Sellari, CEO of JG Wentworth, said. “It’s a strong endorsement of our vision, our debt resolution team, and the momentum we’ve built since entering this industry.”
