Silver Point Capital 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. Silver Point is serving as Lead Arranger and Administrative Agent in the secured credit facility supporting the $546 million acquisition.
MGM Northfield Park, currently owned by MGM Resorts International, 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.
The transaction is expected to close and fund in the first half of 2026, pending customary regulatory and licensing approvals.
"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.