Pathlight Capital Archives

Pathlight Capital Upsizes Term Loan Credit Facility to $200.6MM for Franchise Group

Pathlight Capital closed a $133.5 million upsize to the existing senior secured term loan credit facility to a Franchise Group affiliated special purpose vehicle to support an incremental purchase of a portfolio of performing receivables from W.S. Badcock Corporation, a home-furnishing retailer

September 14, 2023 Brian Kahn | Christopher Arnold | Franchise Group | Pathlight Capital Ian Koplin

Comvest Credit Partners Upsizes $635MM Senior Credit Facility Investment in Beyond Finance

Comvest Credit Partners, a provider of direct financing solutions to middle-market companies, is acting as administrative agent on an upsized $635 million senior credit facility for Beyond Finance, a U.S.-based provider of fee-based debt resolution services.

Pathlight Capital Provides $135MM Senior Secured Term Facility for Designer Brands

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.

June 29, 2023 Designer Brands | Doug Howe | Kenny Smith | Pathlight Capital Ian Koplin

Pathlight Capital Delivers $30MM FILO Facility to Vericast

Pathlight Capital is serving as administrative agent on a recently funded $30 million first in, last out term facility for Vericast, an advertising services company, which will use proceeds from the facility to provide additional liquidity for ongoing working capital needs.

March 31, 2023 John O’Malley | Pathlight Capital | Tyler Harrington | Vericast Phil Neuffer

Pathlight Capital Increases Term Loan Credit Facility for B. Riley Receivables II to $198.7MM

Pathlight Capital closed a $78.3 million upsize to the existing senior secured term loan credit facility to an SPV majority owned by a subsidiary of B. Riley Financial to support an incremental purchase of a portfolio of performing receivables from W.S. Badcock.

Pathlight Capital Agents $148.2MM Senior Secured Term Loan to B. Riley

Pathlight Capital is serving as the administrative agent on a $148.2 million senior secured term loan credit facility to an SPV majority owned by a subsidiary of B. Riley Financial to support the acquisition of a portfolio of performing receivables from W.S. Badcock Corporation.

Pathlight Capital Serves as Documentation Agent on $400MM Credit Facility to Beyond Finance

Pathlight Capital is serving as the documentation agent on a $400 million senior secured delayed-draw term loan facility to Beyond Finance, a provider of success fee-based debt resolution services.

October 7, 2022 Beyond Finance | Comvest Credit Partners | Pathlight Capital Ian Koplin

BofA and Pathlight Capital Provide $24MM DIP Financing to Armstrong Flooring

Armstrong Flooring received approval from the U.S. Bankruptcy Court for the District of Delaware to access its consensual debtor-in-possession (DIP) financing totaling $24 million in net new money.

May 18, 2022 Armstrong Flooring | Bank of America | Pathlight Capital Ian Koplin

Pathlight Capital Provides $355MM Credit Facility to iFIT Health & Fitness

Pathlight Capital served as the administrative agent on a $355 million senior secured credit facility for iFIT Health & Fitness, a provider of connected fitness and interactive content.

April 15, 2022 iFIT Health & Fitness | Mark Twomey | Mark Watterson | Pathlight Capital | Steve Barr Ian Koplin

Pathlight Capital Provides $35MM in Financing to Armstrong Flooring

Armstrong Flooring amended its asset-based lending credit facility and term loan facility. In conjunction with the term loan amendment, Pathlight Capital, Armstrong Flooring’s current term loan lender, provided the company an additional $35 million aggregate principal amount of term loans.

January 3, 2022 Armstrong Flooring | Houlihan Lokey Capital | Michel Vermette | Pathlight Capital Ian Koplin

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