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Pathlight Capital Serves as Documentation Agent for Beyond Finance on $635MM Credit Facility Upsize

September 06, 2023, 07:45 AM
Filed Under: Lender Finance

Pathlight Capital is serving as the Documentation Agent on a senior secured delayed-draw term loan facility for Beyond Finance, LLC, a provider of success fee-based debt resolution services. The Credit Facility was recently increased from $400 million up to $635 million with proceeds used to support the Company’s ongoing operations and enhance their growth initiatives. Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, served as Administrative Agent. Funds managed by affiliates of Fortress Investment Group LLC also participated as a lender in the transaction.

“Beyond Finance has built a strong, scalable platform to provide debt consolidation services and savings for our clients. This new capital will further our mission to help even more clients regain control of their finances and provide customized solutions on their journey to live debt free,” said Tim Ho, Chief Executive Officer at Beyond Finance. “Pathlight Capital is a trusted partner and continues to add value as we expand our credit facility to support the growth of our platform.”

Tyler Harrington, Managing Director of Pathlight Capital added, “We continue to be impressed with the Beyond Finance team and are thrilled to provide incremental capital as they continue to grow their client base.”

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