Gopher Resource, a leading environmental solutions provider in the United States and a portfolio company of Energy Capital Partners (“ECP”), closed a refinancing transaction of its outstanding debt. The transaction was led by a consortium of new and existing lenders including lead lender Silver Point Finance.

As part of this transaction, Gopher entered into a new $450 million first lien credit facility, comprised of a $30 million revolving credit facility and a $420 million term loan, for which Silver Point Finance served as Administrative Agent, Collateral Agent and as Lead Arranger. The proceeds of the new debt financing, along with additional equity investment from ECP, will be used to refinance the Company’s existing term loan maturing in 2025. This refinancing transaction provides Gopher Resource with significant runway to capitalize on ongoing operational initiatives to drive long-term growth.

“We are very pleased with the successful completion of this transaction, which fully addresses our debt maturities and further strengthens our financial position as we continue to execute on our long-term growth strategy,” said John Graham, CEO of Gopher Resource. “We are thankful for the support from our investors, both new and existing, and look forward to continuing to serve our customers, employees and other stakeholders.”

Centerview Partners LLC and Latham & Watkins LLP served as financial and legal advisors to Gopher Resource. Milbank LLP served as legal advisor to the lenders.