December 15, 2022
Silver Point Finance Provides Debt Financing to Support Stellex Capital Management Investment in A. Stucki Company
Greenwich, CT, December 13, 2022 -- Silver Point Finance, a subsidiary of Silver Point Capital, L.P., served as a Lead Lender and Documentation Agent in a new Senior Secured Credit Facility for A. Stucki Company (“Stucki” or the “Company”), a leading supplier of highly engineered parts and services for railroad rolling stock. Stellex Capital Management LLC (“Stellex”) completed the recapitalization of Stucki in partnership with Eldridge. The transaction closed on November 23, 2022.
Stucki is a supplier of machined components, springs, bearings, and other products, as well as critical remanufacturing and logistics services to the rail industry. The Company was established over a century ago by Arnold Stucki, a talented Swiss engineer who authored the “Steel Car Design,” a landmark reference guide for the rail industry. Over the last century, a company-wide focus on growth and diversification has led to broad product and service capabilities, adding tremendous value to long-term customers within and beyond the rail industry.
With offices in New York, Detroit, Pittsburgh, and London, Stellex is a private equity firm with over $2.6 billion in AUM. Stellex seeks to identify and deploy capital in opportunities that have the potential to provide stability, improvement, and growth. Portfolio companies benefit from Stellex’s industry knowledge, operating capabilities, network of senior executives, strategic insight, and access to capital. Sectors of particular focus include specialty manufacturing, industrial and business services, aerospace & defense, automotive, government services, transportation, logistics and food. Additional information may be found at www.stellexcapital.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 $19 billion in primary originations across 385+ 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 November 2022, Silver Point Capital has over 250 employees, including approximately 80 investment professionals, and manages over $20 billion in investible assets.
For more information on Silver Point Finance’s private credit solutions, please contact: