Beach Point Capital Provides $190 Million Financing to Cipriani

Whats Happening:

Beach Point Capital Management and Sparta Capital have provided a $190 million loan to Cipriani, a leading international hospitality company. The financing will support Cipriani's global expansion, including the development of Cipriani Resort, Residences and Casino Punta Del Este, a $500 million project in Uruguay. This move demonstrates Beach Point's expertise in the hospitality and gaming sector and its ability to structure creative financing solutions for luxury brands.

Key Moves:

• Beach Point and Sparta Capital provide $190 million loan to Cipriani

• Financing supports Cipriani's global luxury hospitality expansion

• Funds will help develop $500 million Punta del Este project in Uruguay

By The Numbers:

• Beach Point manages approximately $19.3 billion in AUM as of March 31, 2025

• Sparta Capital manages approximately $550 million in AUM as of March 31, 2025

• Cipriani's Punta del Este project is valued at more than $500 million

Key Quotes:

• "We were thrilled to be able to partner with Giuseppe Cipriani and his team to provide this carefully tailored financing to meet the capital needs of the company," said Michael Haynes, Beach Point's Head of Private Credit

• "We truly value Michael and the Beach Point team's partnership. This financing will accelerate the global expansion of Cipriani's footprint," said Giuseppe Cipriani, CEO of Cipriani

Bottom Line:

This $190 million financing deal showcases Beach Point Capital's ability to provide tailored solutions in the luxury hospitality sector. By supporting Cipriani's global expansion, including a significant project in Uruguay, Beach Point demonstrates its expertise in structuring complex deals and its commitment to fueling growth in the high-end hospitality market. This partnership could lead to further opportunities in the luxury hospitality and gaming sectors.

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