Pathlight Capital is serving as the Administrative Agent on a $225 million senior secured credit facility for JGW Debt Settlement, LLC (“JG Wentworth” or the “Company”), a provider of success fee-based debt resolution services.
JG Wentworth is a nationally recognized direct-to-consumer brand offering unique financial solutions that help individuals with their “CASH NOW” needs. In recent years, the Company has strategically expanded its platform to include debt resolution services, leveraging its brand awareness and consumer-focused capabilities to drive growth in this segment.
Proceeds from the credit facility will be used to refinance existing debt and support the continued expansion of the Company’s debt resolution business.
Doug Nicholson, Managing Director at Pathlight Capital, commented, “Pathlight is pleased to support JG Wentworth and its trusted brand as they expand their debt resolution platform. We look forward to a long-term partnership and to supporting the Company’s continued growth and strategic evolution.”
“Securing this growth capital from Pathlight Capital marks an important milestone for our company. It’s a strong endorsement of our vision, our debt resolution team, and the momentum we’ve built since entering this industry,” said Randi Sellari, CEO of JG Wentworth.