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Silver Point Leads $130 Million Financing Supporting the Acquisition of Hoover CS by The Riverside Company

  • Silver Point Capital's Direct Lending business led a $130 million facility to support The Riverside Company's acquisition of Hoover Circular Solutions Limited.
  • Silver Point served as the sole lender in the financing deal.
  • Hoover CS is a Houston-based provider of sustainable packaging, fleet management, & logistics solutions for global refining, chemical, energy, & industrial customers.
  • The company operates one of the largest mixed rental fleets of specialized assets across North America, Europe, the Middle East, & Asia-Pacific.
  • Hoover CS's Catalyst Packaging business manages closed-loop logistics for fresh & spent catalyst used in refineries.
  • The Chemical Packaging business supplies intermediate bulk containers & intermodal ISO tanks for specialty & hazardous chemicals.
  • Anthony DiNello, Head of Direct Lending at Silver Point Capital, highlighted Hoover CS's differentiated platform & long-standing customer relationships.
  • The Riverside Company is a global investment firm founded in 1988 that has made over 1,100 investments across 140 companies.
  • Silver Point Capital is a credit investing firm founded in 2002 with over $52 billion in assets & a Direct Lending business managing over $18 billion.
Company
Silver Point Capital
Keywords
Silver Point Capital