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Pathlight Capital Joins $330,000,000 Credit Facility for Propel Holdings

Nov 18, 2024•over 1 year ago

Contract Type

partnership

BostonFinancial ServicesFinanceLending

Description

Pathlight Capital has joined a $330,000,000 syndicated credit facility for Propel Holdings Inc in support of its CreditFresh line of business. The credit facility will be used to support continued growth in CreditFresh's loan portfolio, and Pathlight Capital's substantial capital base is well-aligned with Propel's growth strategy.

Company Information

Company

Pathlight Capital

Location

Boston, Massachusetts, United States

About

Pathlight is a $2.7B private credit firm that provides asset-based loans secured on a first or second lien basis against tangible and intangible assets. Pathlight offers creative financing solutions to allow management teams to access incremental liquidity for the purposes of funding working capital, refinancing, growth, acquisition, dividend and turnaround strategies. The information presented in this release is the opinion of Pathlight Capital LP and does not reflect the view of any other person or entity. The above is for information purposes and should not be construed as an investment recommendation.

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Strategic partnership established

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