News

Greenwich, CT, May 16, 2022 – 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. The financing was done to support Aterian Investment Partners (“Aterian”) acquisition of a majority interest in Allentown. Allentown is the first investment from Aterian’s Fund IV, an approximately $830 million investment vehicle.

About Allentown
Founded in 1968 by the Coiro family and based out of Allentown, NJ, Allentown is a leading provider of lab solutions serving the biomedical pre-clinical research and broader life sciences industries. Allentown provides mission-critical equipment systems and other lab solutions which are essential to the biomedical research industry. Allentown’s products enable the efficient development of pharmaceuticals and therapeutics, with end-to-end dedicated engineering and design teams that work with customers to design and supply systems that fit the customer’s individual needs. With a track record spanning 50-plus years, Allentown has become a leading global player and today provides thousands of customers with a complex set of equipment systems and components. Core customers include many leading academic research institutions, biopharmaceutical companies and private research organizations. For more information, visit www.allentowninc.com

About Silver Point Finance
Silver Point Finance, a subsidiary of Silver Point Capital, L.P. (“Silver Point”), is the company’s dedicated financing business, providing customized financing solutions to middle-market companies across a broad range of industries. Silver Point Finance provides capital for acquisitions, refinancings, bridge loans, growth capital, balance sheet restructurings and leveraged recapitalizations. Since 2003, Silver Point Finance has deployed over $16 billion in primary originations across 350+ transactions. In 2021, Silver Point Finance closed over $4 billion in direct lending commitments and now manages ~$9 billion in investible capital to deploy into its direct lending strategy. Additional information is available at www.silverpointfinance.comAbout Silver Point Capital
Silver Point Capital, L.P. is a registered investment adviser that focuses on global credit investing.  Founded in 2002 by Edward A. Mulé and Robert J. O’Shea, Silver Point was designed and built to have the deep resources, expertise and capital needed to invest in the global credit markets.  Silver Point’s business model seeks to capture synergies across its platform, build comparative advantages in every area of the Firm, hire and train exceptional people, and establish a culture of teamwork. As of May 2022, Silver Point Capital has over 200 employees, including approximately 75 investment professionals, and manages ~$20 billion in investible assets.

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