Greenwich, CT, October 9, 2024 – Silver Point Finance, the direct lending business of Silver Point Capital, L.P., today announced that it has served as Administrative Agent, Collateral Agent, and Lead Arranger in a refinancing transaction of the outstanding debt of Gopher Resource (“Gopher”), a portfolio company of Energy Capital Partners (“ECP”). The new $450 million first lien credit facility led by Silver Point is comprised of a $30 million revolving credit facility and a $420 million term loan.
Gopher, a leading environmental solutions provider in the United States, serves its customers and the community through the safe and efficient recycling of lead, plastic and select household waste. For over 75 years, Gopher has been dedicated to protecting the earth and preserving natural resources.
“Our team is pleased to partner with Gopher Resource and Energy Capital Partners,” said Anthony DiNello, Head of Silver Point Finance. “With the successful completion of this refinancing, we believe Gopher is well-positioned to execute on ongoing operational initiatives to drive long-term success. We look forward to supporting Gopher through its next stage of growth, in partnership with ECP.”
About Gopher Resource
Gopher Resource is a leading national environmental solutions provider whose core business is the safe recycling of lead batteries, followed by select household waste recycling. Gopher Resource operates two innovative facilities in Tampa, FL and Eagan, MN. The company helps prevent over 26 million spent automotive, industrial and stationary batteries from going into landfills each year and ensures their reuse into valuable, new consumer products.
About Energy Capital Partners
Energy Capital Partners (ECP), founded in 2005, is a leading equity and credit investor across energy transition, electrification and decarbonization infrastructure assets. The ECP team, comprised of 90 people with 800 years of collective industry experience, deep expertise and extensive relationships, has consummated more than 100 equity (representing nearly $60 billion of enterprise value) and over 20 credit transactions since inception.
About Silver Point Finance
For over 20 years, Silver Point Finance has been an active participant in the direct lending market, providing customized financing solutions to middle-market companies across a broad range of industries. SPF's transactions support acquisitions, refinancings, bridge loans, growth capital, balance sheet restructurings and leveraged recapitalizations. Along with its affiliates, SPF manages approximately $13 billion in investable capital. SPF is the direct lending business of Silver Point Capital, L.P., a leader in global credit investing that oversees the management of approximately $32 billion in investable capital. For more information, please visit silverpointfinance.com.
|