Pathlight Joins $330,000,000 Credit Facility for Propel Holdings
Summary
"Tyler Harrington, Managing Director at Pathlight said, "We believe the team at Propel has established a differentiated AI-powered technology platform which has resulted in a strong performance history for their consumer loan portfolio. ""Weve known the team at Bastion for multiple years and are excited about partnering with them on this transaction," added Christopher Arnold, Managing Director at Pathlight.About Pathlight CapitalPathlight Capital is a private credit investment manager dedicated to meeting the needs of companies that operate across a broad range of industries by providing asset-based loans secured on a first or second lien basis against tangible and intangible assets. Pathlight aims to provide creative financing solutions to allow management teams to access incremental liquidity for the purposes of funding working capital, debt refinancings, growth, acquisitions, dividends and turnaround strategies. For more information, please visit .About PropelPropel Holdings (TSX: PRL) is the fintech company building a new world of financial opportunity for consumers, partners, and investors. The above is for information purposes and should not be construed as an investment recommendation.This release may contain an endorsement from an individual who may be supporting or recommending the activities of Pathlight Capital LP.