Greenwich, CT, March 9, 2022 -- Silver Point Finance, a subsidiary of Silver Point Capital, L.P., served as syndication agent and lead lender in the financing of a Senior Secured Term Loan to Evolution Well Services (“Evolution” or the “Company”), a leading provider of electric fracturing equipment and services to oil and gas exploration and production companies. The investment allows the Company to accelerate its growth and continued expansion of electric powered pressure pumping fleets for some of the largest onshore oil and gas producers, across all major basins in the United States. Goldman Sachs Bank USA served as lead arranger and bookrunner.
About Evolution Well Services
Evolution is the largest and most experienced provider of electric hydraulic fracturing services. Since inception in 2011, the Company has completed over 40,000 stages with its patented electric frac technology across the United States. The Company is focused on advancing fracturing technology through digital transformation of the well site & lower carbon technologies. For more information, visit https://evolutionws.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 $15 billion in primary originations across 350+ transactions. In 2021, Silver Point Finance closed over $4 billion in direct lending commitments and now manages over $7.5 billion in investable capital to deploy into its direct lending strategy. Additional information is available at 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 March 2022, Silver Point Capital has over 200 employees, including approximately 70 investment professionals, and manages over $20 billion in investable assets.
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