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The deal must close on or before June 15, according to the amended loan agreement. Previously, the deadline to close was May 15.

Armstrong Flooring Inc. faces increasing pressure to sell or make another “strategic transaction” as financial deadlines loom, leaving the future of 500 local jobs and the 160-year-old company in question.

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Sponsored Azimut Alternative Capital Partners is acquiring a minority equity stake in Pathlight Capital, an asset-based lender based in Boston. Jeff Brown, CEO of New York-based AACP, which is the U.S. subsidiary of European asset manager Azimut Group, said the deal involves buying a stake that represents about 20 percent of the firm, as well as contributing permanent capital to grow Pathlight’s business and help the firm invest more capital in its own products and align itself with investors. “When we started the process in March, we had lunch outside,” Brown said. “Ultimately, this ...

Pathlight Capital and Saks Announce $115M Senior Secured Term Loan Facility News provided by Share this article Share this article BOSTON, May 13, 2021 /PRNewswire/ -- Pathlight Capital LP and Saks.com LLC ("Saks" or the "Company") have completed a $115,000,000 Senior Secured Term Loan Facility for the company, of which Pathlight serves as the administrative agent. A portion of the proceeds from the Term Loan, which was completed and funded on April 29, 2021, will be used to fund certain obligations to HBC in connection with the company's recent transaction, and the remaining amount will be...