News

Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business has served as a Joint Lead Arranger in the $450 million secured term loan financing supporting the acquisition of Goodyear Chemical, a leading producer of synthetic rubber, by Gemspring Capital Management.

As I wrote in my book, The Credit Investor’s Handbook (Wiley Publishing, 2024), the role of a credit analyst is to assess risk and determine whether the expected return on a debt instrument sufficiently compensates the investor for the risks identified. Throughout the book, I focus on identifying red flags—warning signs indicating that a company might be riskier than it initially appears. I emphasize that a red flag doesn’t automatically mean the debt is a poor investment, but rather that an astute and sophisticated analyst may conduct deeper due diligence and ask additional questions to assess the situation thoroughly. Sometimes, further analysis lends confidence in the investment. However, if the due diligence raises concerns or the company fails to provide sufficient information for risk evaluation, the opportunity is likely not worth pursuing.

Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business is leading the financing supporting the acquisition of the operations of MGM Northfield Park, a regional racino in Northfield, Ohio, by Toronto-based Clairvest Group (TSX: CVG). Silver Point is serving as Lead Arranger and Administrative Agent in the secured credit facility supporting the $546 million acquisition.

Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business has led the recapitalization of Southeastern Grocers, LLC (SEG), a regional grocer which operates the Winn-Dixie brand. Silver Point was the sole lender in a $200 million senior secured facility.

Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business has served as Joint Lead Arranger in the refinancing of the outstanding debt of Vantage Specialty Chemicals, a leading solutions-oriented natural ingredients platform that is a portfolio company of H.I.G. Capital. The transaction included a new revolving credit facility and term loan for Vantage.

Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business has provided an $85 million bridge loan to the joint venture of Great Point Studios and National Resources to refinance their North Broadway Campus studio in Yonkers, New York. 

Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business has led the financing supporting the acquisition of AVI-SPL, the global leader in audio-video and unified communications technologies, by 26North Partners.

Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business has led the financing supporting the acquisition of noosa Holdings, Inc., a leading manufacturer and marketer of premium whole-milk, Australian-style yoghurt products, by Lakeview Farms, a portfolio company of CapVest Partners. The $500 million term loan facility provided by Silver Point is also being used to refinance the existing debt of Lakeview Farms.

Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business has led the financing supporting the previously announced acquisition of Brightcove Inc., a U.S.-based streaming technology company, by Bending Spoons, the Italy-based technology company.

Silver Point Capital, a global leader in credit investing, today announced it has closed a new fund that will focus on investing in the equity tranches of Silver Point-managed broadly syndicated loan (BSL) CLOs. The Fund accepted capital commitments of $250 million. 

Silver Point Capital, a global credit investing firm, today announced the final closing of Silver Point Specialty Credit Fund III, the latest fund in Silver Point’s 21-year-old Direct Lending franchise. Inclusive of new commitments to other direct lending vehicles made during the fundraising period, the total capital raised for Specialty Credit Fund III (with anticipated leverage) surpassed $8.5 billion.

Silver Point Finance, the direct lending business of Silver Point Capital, L.P., today announced that it led the refinancing of the debt facilities of Shrieve Chemical Company, a leading, value-added chemicals distributor that is a portfolio company of Gemspring Capital Management.

Silver Point Finance, the direct lending business of Silver Point Capital, L.P., today announced that it served as Co-Lead Lender in a refinancing transaction of the outstanding debt of Pure Fishing, a global leader in the fishing tackle industry and portfolio company of Sycamore Partners.

Silver Point Finance, the direct lending business of Silver Point Capital, L.P., today announced that it has served as Administrative Agent, Collateral Agent, and Lead Arranger in a refinancing transaction of the outstanding debt of Gopher Resource (“Gopher”), a portfolio company of Energy Capital Partners (“ECP”).

Silver Point Finance, the direct lending business of Silver Point Capital, L.P., today announced that it led the financing supporting the previously announced acquisition by Solaris Energy Infrastructure, Inc. (NYSE: SEI) (“Solaris” or the “Company”) of Mobile Energy Rentals LLC, a provider of distributed power solutions serving the energy and commercial & industrial (“C&I”) end-markets.

Silver Point Capital, a global credit investing firm, today announced the successful final close of its latest opportunistic credit fund (“the Fund”) at $4.6 billion in total commitments, exceeding the $4.0 billion target and more than double the size of its 2019 predecessor fund, which closed at $1.7 billion.

Silver Point Finance, the direct lending business of Silver Point Capital, L.P., today announced that it has served as Administrative Agent, Collateral Agent, Joint Lead Arranger, and Joint Bookrunner in the $862 million Senior Secured financing supporting the acquisition of Whole Earth Brands, Inc. (“Whole Earth Brands”) by Sweet Oak.

Silver Point Finance, the direct lending business of Silver Point Capital, L.P., today announced that it has served as Joint Lead Arranger in the Senior Secured financing in support of the acquisition of USA DeBusk, LLC by an affiliate of H.I.G. Capital.

Silver Point Finance, the direct lending business of Silver Point Capital, L.P., today announced that it has served as Arranger in the Senior Secured financing in support of the acquisition of DEX Imaging (“DEX”), a premier provider of managed print services, by Gamut Capital Management, L.P. (“Gamut”), a leading New York-based middle market private equity firm.

Silver Point Finance, the direct lending business of Silver Point Capital, L.P., today announced that it has served as Joint Lead Arranger and Joint Bookrunner in the Senior Secured financing in support of Monomoy Capital Partners’ (“Monomoy”) acquisition of Waupaca Foundry, Inc. (“Waupaca Foundry”), North America’s leading supplier of cast and machined iron castings. Waupaca Foundry will continue to operate under its current management team, led by President, CEO, and COO Michael Nikolai.

The Silver Point Finance team thanks you for the opportunity to work together during a highly active 2023.

Silver Point Capital today announced that its Direct Lending business has led the refinancing of the existing indebtedness of Stryten Energy, a U.S.-based energy storage solutions provider.

Silver Point Finance, the direct lending business of Silver Point Capital, L.P., today announced that it has served as Joint Lead Arranger, alongside Fortress Investment Group, in the Senior Secured financing in support of the acquisition by Bain Capital Private Equity of a significant stake in 1440 Foods, in partnership with existing investor and operator 4x4 Capital.

Silver Point Finance, the direct lending business of Silver Point Capital, L.P., today announced that it has served as Administrative Agent and Sole Lead Arranger in the Senior Secured financing in support of the acquisition of Mainline Information Systems (“Mainline”) by one of H.I.G. Capital’s affiliates.

Silver Point Finance, the direct lending business of Silver Point Capital, L.P., and GOJO, a leader in hand and surface hygiene solutions, today announced that Silver Point will provide refinancing to support GOJO’s future growth.

Silver Point Finance, the private credit business of Silver Point Capital, L.P., served as Administrative Agent and Sole Lead Arranger in the Senior Secured financing to support Gemspring Capital Management’s acquisition of Midland Industries, a manufacturer and distributor of pipe, valve, and fitting products across North America. Existing investor Wynnchurch Capital will retain a minority stake in Midland.

Silver Point Finance, the private credit business of Silver Point Capital, L.P., served as Sole Bookrunner, Administrative Agent, Joint Lead Arranger, and Documentation Agent in a new $425 million Senior Secured Credit Facility for BlueCrest, a global provider of postal and parcel automation solutions that is a Platinum Equity portfolio company.

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., led a Senior Secured financing to support Francisco Partners’ investment in Accela, the trusted provider of cloud solutions at the heart of government operations.

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., acted as Lead Arranger and Documentation Agent in the Senior Secured financing to support STG acquisition of Avid Technology (“Avid”), a leading technology provider that powers the media and entertainment industry.

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., led a Senior Secured financing to support Symphony Technology Group’s (“STG”) acquisition of Wrike, a leader in collaborative work management.

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., served as Lead Lender, Administrative Agent and Joint Lead Arranger in a new Senior Secured Credit Facility for Operative Media, Inc. (“Operative”), a portfolio company managed by Francisco Partners.

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., acted as Co-Documentation Agent in a Senior Secured Credit Facility to support Thoma Bravo’s merger of  UserTesting, a leader in video-based human insight, and UserZoom, a leader in UX insights.

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., acted as a lead arranger in the $630 million Senior Secured Credit Facility to support GI Partners’ $1.05 billion acquisition of Atlas Technical Consultants (“Atlas”), a leading provider of infrastructure and environmental solutions.

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., a leading global credit-focused investment manager, is pleased to announce the closing of SCF CLO II, a $398 million collateralized loan obligation (“CLO”).

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., acted as Lead Lender and Syndication Agent on a $125 million Senior Secured Facility to Oatly Group (Nasdaq: OTLY) (“Oatly” or the “Company”) as part of a larger $425 million effort to bolster liquidity.

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., acted as Sole Lead Arranger on a $450 million Senior Secured Term Loan to support the take-private of Momentive Global (“Momentive” or the “Company”).

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., alongside Deutsche Bank Direct Lending and Goldman Sachs Asset Management (which also acted as Administrative Agent), served as a Lead Lender in a new Senior Secured Credit Facility for Onyx CenterSource (“Onyx” or the “Company”), a portfolio company managed by FitzWalter Capital.

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., served as a Lead Lender and Documentation Agent in a new Senior Secured Credit Facility for A. Stucki Company  (“Stucki” or the “Company”), a leading supplier of highly engineered parts and services for railroad rolling stock.

Founded in 2002, Silver Point Capital, L.P. (“Silver Point”) is a registered investment adviser managing ~$20 billion in investible assets1 , with a focus on credit and special situations investing.

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., served as lead lender in a new Senior Secured Credit Facility for MMS Holdings Inc. (“MMS” or the “Company”), a leading data-focused contract research organization (“CRO”). Proceeds will be used to support Lindsay Goldberg’s investment in the Company alongside MMS Founder and CEO, Dr. Uma Sharma, who will maintain a significant ownership interest.

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., served as lead lender in a new $275 million Senior Secured Credit Facility for Advanced Integration Technology LP (“AIT”), the world’s largest provider of automation to the aerospace, defense, and space launch industries.

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., served as Agent and Lead Lender in the financing of a Senior Secured Credit Facility to Allentown, LLC (“Allentown” or the “Company”), a leading provider of preclinical vivarium laboratory equipment and related solutions to the biomedical research community.

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., served as syndication agent and lead lender in the financing of a Senior Secured Term Loan to Evolution Well Services (“Evolution” or the “Company”), a leading provider of electric fracturing equipment and services to  oil and gas exploration and production companies.

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., partnered with Comvest Credit Partners, in the financing of a Senior Secured Credit Facility to Oceans Healthcare (“Oceans” or the “Company”), a rapidly growing behavioral health provider.

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., served as administrative agent and lead lender in the financing of a Senior Secured Credit Facility to Life Science Logistics (“LSL” or the “Company”), a leading, national provider of healthcare supply chain solutions.

Silver Point Finance, the dedicated financing business of Silver Point Capital, L.P., now manages approximately $6 billion in investable capital to deploy into its direct lending strategy

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., served as a lead lender in the financing of an $848 million Senior Secured Term Loan to Talen Energy Supply LLC (“TES”), a wholly-owned subsidiary of Talen Energy Corporation (“Talen”).

Talen Energy is a leading independent power producer and energy infrastructure company dedicated to powering the future.

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., served as syndication agent and lead lender in the financing of a $375 million Senior Secured Term Loan to Pacira BioSciences, Inc. (“Pacira”).

TAMPA, Fla., Dec. 09, 2021 (GLOBE NEWSWIRE) -- Pacira BioSciences, Inc. (Nasdaq: PCRX), the industry leader in its commitment to non-opioid pain management and regenerative health solutions, today announced the closing of a $375 million Senior Secured Term Loan B Facility.

Talen Energy is a leading independent power producer and energy infrastructure company dedicated to powering the future. We have 10.7 GW of generation assets, with 2.2 GW of nuclear power and a significant dispatchable fossil fleet.

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., has provided a debt financing commitment for the acquisition of Iconix Brand Group Inc. (“Iconix”) by an affiliate of Lancer Capital LLC in an all-cash transaction.

Silver Point Finance, a subsidiary of Silver Point Capital, L.P., fully underwrote and led the financing of a $250 million senior secured term loan to Lighthouse Autism Center (the “Financing”).

Silver Point Capital, L.P. (“Silver Point” or the “Firm”) announced today that its financing business, Silver Point Finance, has completed the final close of Silver Point Specialty Credit Fund II (“Specialty Credit Fund II” or the “Fund”) at the Fund’s $2 billion hard cap, significantly exceeding its $1 billion target.

Lighthouse Autism Center (“Lighthouse” or the “Company”) today announced a strategic investment by an affiliate of Cerberus Capital Management (“Cerberus”), a global leader in alternative investing. Lighthouse Founder and Chief Executive Officer Gregg Maggioli and Abry Partners will invest alongside Cerberus in the transaction.