Silver Point Finance Provides Debt Financing to Advanced Integration Technology
Greenwich, CT, June 13, 2022 - 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. AIT remains owned by its founding management team, Onex Partners (Onex Corporation’s large-cap private equity platform), and an affiliate of the Qatar Investment Authority, the sovereign wealth fund of the State of Qatar. The proceeds will be used to refinance existing indebtedness. Morgan Stanley Senior Funding, Inc. acted as Administrative Agent and Morgan Stanley and Citi acted as Joint Lead Arrangers.
Headquartered in Plano, TX, Advanced Integration Technology (“AIT”) is the world’s largest provider of automation dedicated to the global aerospace, defense, and space launch vehicle industries, as well as new manufacturing solutions for commercial urban air mobility markets. AIT serves a wide range of global, blue-chip OEMs and Tier 1 suppliers, including Airbus, Boeing, Lockheed Martin, Northrop Grumman, and Spirit AeroSystems. AIT has facilities in the United States, Canada, Spain, and Sweden. For more information on AIT, visit its website at www.aint.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. For more information on Silver Point Finance, please visit www.silverpointfinance.com.
About 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 June 2022, Silver Point Capital has over 200 employees, including approximately 70 investment professionals, and manages ~$20 billion in investible assets.
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