Pathlight Capital Archives

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

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.

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