Pathlight Capital Acts as Administrative Agent for $60M Senior Secured Term Loan to Lifetime Brands
Pathlight Capital LP has served as the administrative agent on a $60 million senior secured term loan provided to Lifetime Brands, Inc. The financing is intended to strengthen Lifetime's balance sheet by refinancing existing debt and offering additional liquidity for corporate initiatives. Matthew Dunn of Pathlight expressed confidence in Lifetime’s growth potential and strong platform, while CEO Rob Kay highlighted the financial flexibility this facility brings as they continue executing their strategic vision. Both companies emphasized a focus on long-term value creation through innovative financing solutions tailored to support working capital needs and business expansion. Pathlight Capital specializes in private credit investments across various industries by offering asset-based loans secured against tangible or intangible assets, while Lifetime Brands is recognized for its global portfolio of home-use consumer products.
Topics: corporate finance refinancing term loan