Wells and Pathlight Provide $1.5B Combined Facility for JCPenney in Chapter 11 Exit

Wells Fargo provided an ABL facility and Pathlight Capital provided a FILO facility for a total of $1.5 billion in financing for JCPenney after the company sold its retail and operating assets to Simon Property Group and Brookfield Asset Management to exit Chapter 11.

December 8, 2020 AlixPartners | BRG Capital Advisors | Brian Kingston | Dan Platt | David Marks | David Simon | JCPenney | Jill Soltau | Kirkland & Ellis | Lazard | Pathlight Capital | Paul Weiss Rifkind Wharton & Garrison | Simon and Brookfield | wells fargo Ellie Delany

Pathlight Capital Provides $150MM Term Loan Facility to HBC

Pathlight Capital provided a $150 senior secured term loan facility for HBC, a holding company of portfolio businesses operating at the intersection of retail and real estate, including HBC Properties and Investments, Saks Fifth Avenue, Hudson’s Bay and Saks OFF 5TH.

December 3, 2020 HBC | Mark Twomey | Michael Culhane | Pathlight Capital Ellie Delany

Pathlight Capital Agents $180MM Credit Facility for Christmas Tree Shops Acquisition

Pathlight Capital is serving as administrative agent on a $180 million senior secured credit facility for Christmas Tree Shops, a brick-and-mortar discount retailer with a focus on seasonal products, to finance the company’s acquisition by Handil Holdings.

November 19, 2020 Christmas Tree Shops | David Helmes | Handil Holdings | Marc Salkovitz | Pathlight Capital Ellie Delany

BofA Amends Facility, Pathlight Capital Provides $70MM Term Loan for Armstrong Flooring

Bank of America acted as sole lead arranger on an amendment to a senior secured asset-based revolving credit facility while Pathlight Capital acted as sole lead arranger for a new $70 million term loan for Armstrong Flooring.

June 24, 2020 Armstrong Flooring | Bank of America | Jefferies | Michel Vermette | Pathlight Capital | Skadden Arps Slate Meagher & Flom Phil Neuffer

BofA, Pathlight Allow DIP Overdraw as Pier 1 Pursues Wind‑Down of Business Ops

Pier 1 Imports is seeking bankruptcy court approval for a wind-down of its retail operations. The company’s DIP lenders, including Bank of America and Pathlight Capital, agreed to allow Pier 1 to overdraw the DIP facility by approximately $40 million to support continued operations.

May 19, 2020 AlixPartners | Bank of America | Guggenheim Securities | Hoskin & Harcourt | Kirkland & Ellis and Osler | Pathlight Capital | Pier 1 Imports | Robert Riesbeck Phil Neuffer

BofA, Pathlight Complete $256MM DIP for Pier 1

Bank of America served as administrative agent and collateral agent for the $256 million DIP revolver for Pier 1 Imports. Pathlight served as agent for the DIP term loan.

February 24, 2020 Bank of America | Pathlight Capital | Pier 1 Imports nadine

BofA, Wells Fargo, Other Provide $256MM DIP for Pier 1

Pier 1 Imports has entered into a Plan Support Agreement with a majority of its term loan lenders and is pursuing a sale of the company.

February 18, 2020 Bank of America | Pathlight Capital | Pier 1 | wells fargo nadine

Wells Fargo Agents New $25MM Term Loan for Stage Stores

Wells Fargo Bank acted as administrative agent, collateral agent and term loan agent on a new $25 million term loan for Stage Stores, bringing the total availability under the company’s senior secured revolver to $475 million.

January 14, 2019 Bank of America | JPMorgan Chase Bank | Pathlight Capital | Pathlight Capital Fund I | Regions Bank | Stage Stores | SunTrust Bank | wells fargo | Wells Fargo Bank Amanda Koprowski

BofA, Pathlight Provide $77.5MM Financing for Summer Infant

Summer Infant closed a $60 million asset-based revolving credit facility with Bank of America and a $17.5 million term loan with Pathlight Capital.

June 29, 2018 Bank of America | Pathlight Capital | Summer Infant ABF Journal

BofA, Pathlight Provide Summer Infant $77.5MM Financing

Summer Infant amended and extended its $60 million asset-based revolving credit facility with Bank of America and committed to a $17.5 million term loan with Pathlight Capital.

May 31, 2018 Bank of America | Pathlight Capital | Summer Infant ABF Journal