Silver Point Leads Financing of Acquisition of MGM Northfield Park by Clairvest

Executive Summary

• Silver Point Capital’s Direct Lending business is acting as Lead Arranger and Administrative Agent for a secured credit facility financing Clairvest Group’s $546 million acquisition of MGM Northfield Park.
• The acquisition targets the largest gaming property by revenue in Ohio, featuring 74,000 sq ft of gaming space, ~1,600 video lottery terminals, and a half‑mile horse racetrack.
• Closing and funding are expected in the first half of 2026, subject to regulatory and licensing approvals.

Key Details

• Transaction Size: $546 million acquisition price for MGM Northfield Park.
• Financing Role: Silver Point Capital – Lead Arranger & Administrative Agent on a secured credit facility.
• Facility Structure: Secured credit facility (terms not disclosed) backing the purchase price.
• Target Asset: MGM Northfield Park, Ohio’s largest gaming property by revenue; 74,000 sq ft of gaming space, ~1,600 video lottery terminals, half‑mile horse racetrack, multiple dining and entertainment venues.
• Seller: Currently owned by MGM Resorts International (NYSE: MGM).
• Buyer: Clairvest Group (TSX: CVG), a Toronto‑based private equity firm with a 25‑year track record in the gaming industry.
• Expected Timeline: Transaction to close and be funded in H1 2026, pending customary regulatory and licensing approvals.
• Strategic Rationale (per quote): Financing enables Clairvest to leverage its long‑standing expertise in gaming investments to acquire a premier Ohio racino.

Notable Quotes

“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,” – Anthony DiNello, Head of Direct Lending, Silver Point Capital.