December 19, 2022
Silver Point Finance Provides Debt Financing to Support the Refinancing of a FitzWalter Capital Portfolio Company
Greenwich, CT, December 19, 2022 -- Silver Point Finance, a subsidiary of Silver Point Capital, L.P., alongside Deutsche Bank Direct Lending and Goldman Sachs Asset Management (which also acted as Administrative Agent), served as a Lead Lender in a new Senior Secured Credit Facility for Onyx CenterSource (“Onyx” or the “Company”), a portfolio company managed by FitzWalter Capital. Proceeds of the loans were used to refinance existing indebtedness of the Company.
About Onyx CenterSource
Onyx CenterSource is a leading global provider of B2B payments and business intelligence solutions to the hospitality industry. The company strives to build long-lasting relationships with its partners and is passionate about providing quality customer service, consultative insight and cost-effective solutions. Created in 2013, the company facilitates in excess of $2 billion in payments annually, partnering with more than 150,000 hotel properties and 200,000 travel booking providers in 160 countries. In addition to its headquarters in Dallas, Onyx CenterSource has regional hubs in Seville, Spain; Tønsberg, Norway; and Manila, Philippines.
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:
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Manjot Rana
Managing Director, Head of Capital Solutions
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