Pathlight Capital Archives

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

Wells Fargo, PNC, Pathlight Capital Refinance JCPenney Facilities

JCPenney paid off its $506 million term loan and completed a refinancing of its asset-based loan and first in, last out facilities. Wells Fargo and PNC led the refinanced ABL facility, which totals $.175 billion, while Pathlight Capital led the FILO facility, which totals $340 million.

Pathlight Capital Secures $1.16B in Capital Commitments for Second ABL Credit Fund

Pathlight Capital closed its sophomore funds, Pathlight Capital Fund II and Pathlight Capital Offshore Fund II, with $1.16 billion of capital commitments.

Pathlight Capital Agents $50MM Delayed-Draw Term Loan for My Alarm Center

Pathlight Capital is serving as agent on a $50 million senior secured delayed-draw term loan facility for My Alarm Center, a provider of security and smart home automation solutions for residential and small business customers.

August 20, 2021 Amy Kothari | My Alarm Center | Pathlight Capital | Steven Migliero Phil Neuffer

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.

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

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