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Pathlight Capital Agents $30MM Senior Secured FILO Term Facility to Vericast Corp.

March 30, 2023, 08:00 AM
Filed Under: Advertising

Pathlight Capital served as the Administrative Agent on a recently funded $30,000,000 FILO Term Facility for Vericast Corp., an advertising services company that helps thousands of businesses across various industries reach customers with digital marketing, print marketing, marketing technology and financial services.

Proceeds from the facility will be used to provide additional liquidity for ongoing working capital needs.

John O’Malley, Chairman and Chief Executive Officer of Vericast commented, “We are pleased to partner with Pathlight on this financing. They worked quickly and efficiently throughout the process, ensuring that our specific financing and timing needs were met."

“Pathlight is excited to partner with MacAndrews & Forbes and the Vericast management team as they continue to deliver leading marketing and print solutions to their expansive and loyal customer base,” said Tyler Harrington, Managing Director at Pathlight Capital. “We look forward to a long-term partnership.”

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