February 4, 2022
Silver Point Finance Provides Debt Financing to Support Blackstone Investment in Life Science Logistics
Greenwich, CT, February 4, 2022 – Silver Point Finance, a subsidiary of Silver Point Capital, L.P., served as administrative agent and lead lender in the financing of a Senior Secured Credit Facility to Life Science Logistics (“LSL” or the “Company”), a leading, national provider of healthcare supply chain solutions. The financing was done to support an investment in the Company by Blackstone Tactical Opportunities (“Blackstone”). The investment is intended to help accelerate LSL’s continued expansion within the fast-growing pharmaceutical and medical device market as it opens new facilities and further increases its customer base in the years ahead.
About Life Science Logistics
Founded in 2006 and headquartered in Dallas, Life Science Logistics is a leading third-party healthcare logistics provider with more than 600 employees and 4 million square feet of warehousing and logistics space within 12 controlled-temperature (20-25 degrees Celsius) and cold chain (2-8 degrees Celsius) storage and distribution locations across nine states – from Dallas to New York to Seattle and other major hubs. The Company partners with governments, global pharmaceutical and biotechnology companies and medical device providers to deliver end-to-end supply chain solutions and emergency preparedness infrastructure services across the U.S.