Pathlight Capital is serving as the administrative agent on a $135 million senior secured term facility for Designer Brands, a designer, producer and retailer of footwear and accessories in North America.
Proceeds from the facility will be used to fund share repurchases and for general corporate purposes.
“Pathlight is a trusted partner for Designer Brands, and we are pleased to be working with them on this new term facility,” Doug Howe, CEO of Designer Brands, said. “We appreciate their partnership as we move forward.”
“Pathlight is proud to work with Designer Brands and its management team to help execute their ongoing corporate initiatives. We look forward to being a partner in their continued long-term growth,” Kenny Smith, managing director at Pathlight Capital said.
