Silver Point Capital, a global company in credit investing, through its direct lending business, has led a $130 million facility supporting the acquisition of Hoover Circular Solutions (Hoover CS), a provider of sustainable packaging, fleet management and logistics solutions, by The Riverside Company. Silver Point was the sole lender in the facility.
“Hoover CS has built a differentiated platform with long-standing customer relationships and solutions serving critical needs for refining and chemical customers,” Anthony DiNello, head of direct lending at Silver Point Capital, said. “We are pleased to partner with The Riverside Company and provide a customized financing solution to support Hoover CS as it strengthens operations and accelerates growth.”
