Pathlight Capital Takes Charge of $415 Million Credit Facility for SelectQuote, Inc.

Pathlight Capital Steps Up as Administrative Agent

In a noteworthy move within the financial sector, Pathlight Capital LP has declared its new role as the Administrative Agent for a significant $415 million senior secured credit facility allocated for SelectQuote, Inc. This announcement, made on January 13, 2026, reflects Pathlight's continued commitment to supporting businesses through tailored financial solutions.

SelectQuote, a well-established distributor focusing on Medicare insurance policies and a rapidly expanding healthcare services platform, has made strides in recent years to diversify its offerings. Pathlight's involvement is set to further solidify SelectQuote's position in a competitive marketplace. The credit facility comprises a $325 million term loan designed to optimize capital structure, assisting SelectQuote in refinancing existing debts while providing necessary working capital support.

Tyler Harrington, Managing Director at Pathlight Capital, expressed confidence in SelectQuote's strategic direction, stating that the company is well-positioned for its next growth phase. He highlighted the importance of refined capital management in enabling SelectQuote to continue its mission of serving an aging population—a demographic that sees approximately 10,000 individuals turning 65 daily.

Tim Danker, the CEO of SelectQuote, echoed these sentiments, emphasizing the benefits of the new financing. He remarked, "This funding lowers our cost of capital, improves liquidity, and provides SelectQuote with the necessary capital flexibility to invest in the growth of our industry-leading senior health insurance and healthcare services businesses."

SelectQuote has evolved over the last several decades since its inception in 1985. They pioneered a unique business model by offering customers unbiased comparisons from a myriad of insurance companies, allowing them to select the policies that best suit their individual needs. This approach, combined with a robust workforce of skilled agents and proprietary technology, has cemented SelectQuote's reputation as a leader in the insurance market.

Pathlight Capital is recognized for its strategic focus on delivering asset-based loans across various business sectors. Their expertise in financing solutions is particularly relevant for companies like SelectQuote, which are navigating complex industry landscapes. Christopher Arnold, another Managing Director at Pathlight, stated, "We believe this transaction is another example of Pathlight's proficiency in providing asset-based financing solutions for financial assets. Specialty finance will continue to play a crucial role in our growth and expansion."

The synergy between Pathlight Capital and SelectQuote signifies a potent partnership that is expected to yield positive outcomes in the financial landscape. By leveraging Pathlight's financial expertise and SelectQuote's innovative service offerings, both entities stand to gain significantly. The move also demonstrates Pathlight's commitment to supporting broader financial solutions that benefit the healthcare sector, underscoring their role as a pivotal player in specialty finance.

Moving forward, the collaboration aims to enable SelectQuote to expand its business lines, which now include SelectQuote Senior, SelectQuote Healthcare Services, and SelectQuote Life. Each segment focuses on the specific needs of consumers, particularly in the Medicare space, ensuring that they can access comprehensive healthcare options tailored to their circumstances.

As this partnership unfolds, the industry's shifts toward more flexible and supportive financial strategies will likely continue. Pathlight Capital's role as an Administrative Agent is a testament to their dedication to facilitating growth and creating value within the healthcare market, positioning both organizations for success in the evolving economic landscape.