Pathlight Capital Provides $150M Term Loan to HBC

Choate represented Pathlight Capital in its $150M term loan credit facility to HBC, a holding company of portfolio businesses operating at the intersection of retail and real estate. These include a real estate and investments division, HBC Properties and Investments, and three retailers, Saks Fifth Avenue, Hudson’s Bay, and Saks OFF 5TH. The term loan will provide additional support for general working capital purposes.