On October 23, 2025, Silver Point Capital announced that its Direct Lending business is leading the financing for the acquisition of MGM Northfield Park’s operations by Toronto‑based Clairvest Group. The announcement states that Silver Point is serving as the lead arranger and administrative agent for a secured credit facility that will support the $546 million transaction.
The facility is structured to provide the necessary capital for Clairvest to acquire the regional racino, which includes 1,600 video lottery terminals, a half‑mile horse track, and multiple dining and entertainment venues. Silver Point’s role as lead arranger and administrative agent positions it to manage the credit terms and oversee the disbursement of funds to the buyer.
The transaction is expected to close and be funded in the first half of 2026, pending regulatory and licensing approvals. For MGM Resorts International, the sale of the Northfield Park operations represents a divestiture of a non‑core asset, while the financing arrangement signals a strategic shift in the company’s portfolio and liquidity profile.
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