Pathlight Capital Facilitates $210M Credit Facility to Boost Spring Venture Group

Pathlight Capital has taken a significant step in the U.S. insurance sector by becoming the Administrative Agent for a $210 million senior secured credit facility for Spring Venture Group, LLC (SVG), a leading figure in the distribution of Medicare Advantage and Medicare Supplement plans. T

his strategic financial move includes a $170 million term loan underwritten by Pathlight, aimed at refinancing existing debts and bolstering SVG's liquidity for general corporate purposes.

The partnership highlights SVG's strong market position and its readiness to scale operations further, backed by its top-tier management and the smooth transaction process facilitated by Pathlight. Key financial stakeholders such as Corsair Capital also play a crucial role, ensuring a tailored financing solution that supports SVG's growth ambitions in the competitive Medicare brokerage sector.