The direct lending business of Silver Point Capital, a global company in credit investing, is leading the financing supporting the acquisition of the operations of MGM Northfield Park, a regional casino in Northfield, OH, by Toronto-based Clairvest Group. Silver Point is serving as lead arranger and administrative agent in the secured credit facility supporting the $546 million acquisition.
The transaction is expected to close and fund in H1/26, pending customary regulatory and licensing approvals.
“We are pleased to deliver a tailored financing solution to the Clairvest team, as they bring a 25-year track record of investing in the gaming industry to their investment in Northfield Park,” Anthony DiNello, head of direct lending at Silver Point Capital, said.
