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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Bank of America, Pathlight Capital Arrange Credit Facilities for Saks
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Lenders/Participants
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Bank of America [Lender]
Pathlight Capital LLC [Lender]
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Structure
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$350MM Revolver; $115MM Term Loan
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Amount
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$465.000
Million
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Borrower(s)
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Saks.com
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Description
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A syndicated $350 million asset-based five-year revolving credit facility arranged by Bank of America, and a $115 million Senior Secured Term Loan arranged by Pathlight Capital. The asset-based revolving credit facility, undrawn at closing, remains available to Saks for general corporate purposes or growth initiatives. A portion of the proceeds from the term loan will be used to fund certain obligations to HBC in connection with the company's recent transaction, and the remaining amount will be available to Saks.
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Industry
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Retail
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| Related Tags |
Bank of Amercia, Pathlight Capital, Saks Fifth Avenue
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ABL Advisor
Deal Tables
2025
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