Pathlight Capital Archives

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

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.

Tag Archives: Pathlight Capital