Pathlight Capital LP (“Pathlight”) announced it is serving as the Documentation Agent on a $400 million senior secured delayed-draw term loan facility (“DDTL”) to Beyond Finance, LLC (“Beyond” or the “Company”), a provider of success fee-based debt resolution services. Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, served as an Administrative Agent.
Proceeds from the DDTL will be used to support the Company’s ongoing operations and continued growth.
“Beyond Finance has built a strong, scalable platform to provide debt relief options 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 through their debt relief journey,” said Tim Ho, Chief Executive Officer at Beyond Finance. “We are pleased to partner with Pathlight Capital and believe their creative financial solutions will provide the support we need to execute our business objectives and propel growth.”
Tyler Harrington, Managing Director of Pathlight Capital added, “Pathlight is proud to support Beyond Finance as they continue to drive growth and expand their debt resolution platform. We look forward to a long-term partnership and are excited to watch the Company grow and evolve.”Source: PR Newswire