Hudson's Bay settles $150 million term loan through Pathlight Capital

By Devika Patel

Knoxville, Tenn., Dec. 2 – Hudson's Bay Co. closed a $150 million senior secured term loan facility through agent Pathlight Capital LP on Nov. 25, according to a press release.

Proceeds will provide additional support for growth initiatives and general working capital purposes.

Based in Brampton, Ont., Hudson's Bay is a holding company of portfolio businesses operating at the intersection of retail and real estate, including a real estate and investments division, HBC Properties and Investments, and three retailers, Hudson's Bay, Saks Fifth Avenue and Saks Fifth Avenue Off 5th.

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