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Silver Point Leads Financing of Acquisition of MGM Northfield Park by Clairvest
Silver Point Leads Financing of Acquisition of MGM Northfield Park by Clairvest PR Newswi...
About this update from Clairvest Group Inc.
[{"type":"text","content":"Silver Point Leads Financing of Acquisition of MGM Northfield Park by Clairvest\n\n\nSilver Point Leads Financing of Acquisition of MGM Northfield Park by Clairvest\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\nPR Newswire\n\n\nGREENWICH, Conn., Oct. 23, 2025 /PRNewswire/ -- Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business is leading the financing supporting the acquisition of the operations of MGM Northfield Park, a regional racino in Northfield, Ohio, by Toronto-based Clairvest Group (TSX: CVG). Silver Point is serving as Lead Arranger and Administrative Agent in the secured credit facility supporting the $546 million acquisition.\nMGM Northfield Park, currently owned by MGM Resorts International (NYSE: MGM), is the largest gaming property by revenue in Ohio. With 74,000 square feet of gaming space, the property includes approximately 1,600 video lottery terminals and a half-mile horse racetrack, along with multiple dining outlets and an entertainment venue.\nThe transaction is expected to close and fund in the first half of 2026, pending customary regulatory and licensing approvals.\n\"We are pleased to deliver a tailored financing solution to the Clairvest team, as they bring a 25-year track record of investing in the gaming industry to their investment in Northfield Park,\" said Anthony DiNello, Head of Direct Lending at Silver Point Capital.\nAbout MGM Resorts InternationalMGM Resorts International (NYSE: MGM) is an S&P 500® global gaming and entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 31 unique hotel and gaming destinations globally, including some of the most recognizable resort brands in...