Second Avenue Capital Partners (“SACP”), a leading provider of asset-based lending solutions, announced a significant expansion of its existing credit facility with Huntington Business Credit (“HBC”). The facility was upsized by $235 million, bringing the total to $700 million, to support the firm’s rapid and ongoing growth trajectory. The syndicated transaction was oversubscribed, demonstrating strong lender confidence in SACP’s business model and performance.

The expanded facility includes a multi-currency sublimit, enabling SACP to fund transactions in both U.S. and Canadian dollars (CAD), further enhancing its ability to support cross-border clients and broaden its reach in North America.

Huntington Business Credit acted as Administrative Agent, Bookrunner, and Joint Lead Arranger. Bank OZK, Bank of Montreal, M&T Bank, and Wells Fargo Bank joined HBC as Joint Lead Arrangers, strengthening the consortium supporting SACP’s continued expansion.

In addition to the HBC facility, Pathlight Capital LP (“Pathlight”), a private credit investment manager, served as the Administrative Agent on a senior secured term loan facility for SACP. Proceeds from the term loan will be used to support working capital needs for growth purposes.

Second Avenue Capital Partners, a unit of SB360 Holdings and a Schottenstein affiliate, is a trusted leader in delivering innovative and highly flexible financing solutions to businesses across various industries. Since its inception, SACP has originated more than $2 Billion in credit facilities. Leveraging deep expertise from seasoned retail operators and product merchants, the firm provides tailored financial solutions that offer greater liquidity and adaptability than traditional capital providers.

“SACP’s consistent growth over the past seven years reflects the market’s strong appetite for our creative, partnership-driven capital solutions,” said Aaron Miller, President of SB360 Holdings. “This upsized facility with HBC, as well as the Pathlight term loan, marks an important milestone in our continued expansion and positions us to meet rising demand with even greater flexibility and scale. We’re grateful for the continued support of Huntington Business Credit - a consistent partner to our broader organization - and our other bank partners. Their confidence empowers us to thoughtfully grow our platform and extend our impact as we help middle-market businesses navigate complexity and unlock opportunity.”

“This expanded facility reflects the confidence our lending partners have in SACP and validates the growth we’ve achieved across our platform,” said Mark Gallivan, Founding Member of SACP and Head of Investments and Operations. “We are proud to deepen our relationship with Huntington and welcome the continued support of a strong syndicate. We’re also very pleased to expand our partnership with Pathlight. The increased capacity will enable us to further execute on our strategy, broaden our reach, and continue delivering value to our borrowers and stakeholders.”

“We are pleased to lead and structure this transaction in support of SACP’s strategic growth,” said Lance Rapp, Senior Vice President, ABL Managing Director of Portfolio, at Huntington Business Credit. “The oversubscribed syndication speaks to the market’s recognition of SACP’s strong leadership and disciplined approach to credit. We look forward to continuing our relationship as they scale their platform.”