The direct lending business of Silver Point Capital, a global company in credit investing, led a $125 million term loan financing for Vital Farms, a Certified B Corporation that offers a range of ethically produced foods nationwide. Silver Point will serve as sole lender and administrative agent under the term loan facility.
The term loan facility was entered into in connection with a new asset-based revolving credit facility to be provided by J.P. Morgan, which together will provide Vital Farms with additional liquidity.
“Vital Farms has been a pioneer in delivering healthy, ethically sourced food at scale,” Anthony DiNello, head of direct lending at Silver Point Capital, said. “Silver Point is pleased to provide a customized capital solution that we believe enhances Vital Farms’ financial flexibility and helps unlock the company’s next phase of growth.”
