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Pathlight Capital Agents $135MM Senior Secured Term Facility for Designer Brands

June 28, 2023, 08:00 AM
Filed Under: Retail

Pathlight Capital is serving as the Administrative Agent on a $135,000,000 senior secured term facility for Designer Brands Inc., one of the world’s largest designers, producers, and retailers of footwear and accessories in North America. Proceeds from the facility will be used to fund share repurchases and for general corporate purposes.

“Pathlight is a trusted partner for Designer Brands, and we are pleased to be working with them on this new term facility,” said Doug Howe, Chief Executive Officer of Designer Brands. “We appreciate their partnership as we move forward.”

Kenny Smith, Managing Director at Pathlight Capital said, "Pathlight is proud to work with Designer Brands and its management team to help execute their ongoing corporate initiatives. We look forward to being a partner in their continued long-term growth."

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