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The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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September 6, 2023
Source: PR Newswire
BOSTON, Sept. 6, 2023 /PRNewswire/ -- Pathlight Capital LP ("Pathlight") announced it is serving as the Documentation Agent on a senior secured delayed-draw term loan facility (the "Credit Facility") for Beyond Finance, LLC ("Beyond" or the "Company"), 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."
About Pathlight Capital
Pathlight 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 www.pathlightcapital.com.
About Beyond Finance, LLC
Beyond Finance is an exciting, next generation U.S. based Financial Services company. Our goal is to provide financial peace of mind by guiding people to a path beyond debt with financial products that are simple and transparent. As the consumer debt market continues to grow in the United States, we have made it our objective to create effective and fair debt management services that are customized to the consumers' individual circumstances.
"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."
About Pathlight Capital
Pathlight 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 www.pathlightcapital.com.
About Beyond Finance, LLC
Beyond Finance is an exciting, next generation U.S. based Financial Services company. Our goal is to provide financial peace of mind by guiding people to a path beyond debt with financial products that are simple and transparent. As the consumer debt market continues to grow in the United States, we have made it our objective to create effective and fair debt management services that are customized to the consumers' individual circumstances.
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