Silver Point Provides GOJO Industries with Capital Solution to Support Future Growth
Akron, OH, and Greenwich, CT, October 27, 2023 – Silver Point Finance, the direct lending business of Silver Point Capital, L.P., and GOJO, a leader in hand and surface hygiene solutions, today announced that Silver Point will provide refinancing to support GOJO’s future growth.
“We’re pleased to partner with GOJO and lead this financing, which provides the company flexibility to continue its journey towards greater scale and continued market leadership,” said Anthony DiNello, Head of Silver Point Finance. “This transaction displayed the breadth of Silver Point’s capabilities, and we are especially excited to support a company that plays such an important role in promoting health and well-being.”
Carey Jaros, President and CEO of GOJO Industries, said, “Silver Point demonstrated a strong appreciation of our business, and differentiated themselves by their thoughtfulness and creativity. Their custom capital solution will enable us to continue to lead our markets with science-based innovation, drive growth, and maximize our impact in the world. We look forward to having them as a financial partner.”
Proceeds from the new financing provided by Silver Point will be used to retire existing debt and fund investments and operations. Silver Point served as an Administrative Agent and Collateral Agent in the new credit facility and was joined by Barings Capital Solutions as a co-lender. Lazard served as the sole placement agent and financial advisor to GOJO.
GOJO Industries helps the world experience greater health and wellness by leveraging more than 75 years of experience to continually introduce improved ways to keep hands, and the surfaces they frequently touch, clean. The clearest example of this commitment is the PURELL® brand – a badge of hand and surface hygiene that is implicitly trusted in hospitals, restaurants, schools, businesses, airports, entertainment venues, and homes throughout the world. That clear focus paired with three generations of family leadership willing to continually invest in the business allows GOJO to create true sustainable value that benefits society and continue our growth trajectory. For more information on GOJO Industries, please visit GOJO.com.
About Silver Point Finance
For over 20 years, Silver Point Finance (SPF) 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 $11 billion in investible capital and, to date in 2023, has agented or arranged approximately $5.1 billion in credit facilities. Silver Point Finance is the direct lending business of Silver Point Capital, L.P., a leader in global credit investing that oversees the management of more than $25 billion in investible capital. For more information, please visit www.silverpointfinance.com.