Silver Point providing financial support in Clairvest acquisition of MGM Northfield Park
MGM Northfield Park, owned and operated by MGM Resorts, currently offers 74,000 sq ft of gaming space and features approximately 1,600 VLTs and a half-mile long horse racetrack.
Silver Point Capital has unveiled it will be providing financial support for Clairvest Group’s $546m acquisition of MGM Northfield Park, an MGM Resorts International-owned and operated property which also represents the largest gaming facility in Ohio by revenue.
The transaction, originally announced on October 16 by MGM Resorts and Clairvest Group, is expected to close and fund in the first half of 2026, but is still awaiting 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,” Silver Point Head of Direct Lending Anthony DiNello said.
MGM Northfield Park offers 74,000 sq ft of gaming space featuring approximately 1,600 video lottery terminals (VLTs) and a half-mile long horse racetrack, having originated as a Hard Rock International property prior to its acquisition by MGM Resorts in 2019 for $275m.
“I want to thank our MGM Northfield Park employees who have consistently delivered world-class gaming and entertainment experiences to our guests. This is a great property with great opportunity ahead,” MGM Resorts President and CEO Bill Hornbuckle said on October 16.
“At MGM Resorts, our vision is to be the world’s premiere gaming entertainment company. To achieve this vision, we’re focused on growing our digital business, developing our international expansion opportunities and continuing to invest in our leading integrated resorts domestically.”
Silver Point will serve as Lead Arranger and Administrative Agent for the secured credit facility supporting the acquisition, which will also result in the master lease agreement with VICI Properties being amended and reduced by $54m annually.
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