Silver Point Leads $650 Million Financing Supporting the Acquisition of C&D Trojan by Stryten Energy

GREENWICH, Conn., Oct. 7, 2026 /PRNewswire/ -- Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business has led a $650 million term loan financing supporting the acquisition of C&D Technologies, Inc. and Trojan Battery Company, LLC ("C&D Trojan") by Stryten Energy LLC ("Stryten"). Silver Point led the syndication of the financing to existing and new lenders.

Silver Point believes this combination creates a leading battery manufacturing platform serving transportation, industrial, essential power, critical infrastructure and military applications. Following the acquisition, the combined company operates 18 battery manufacturing and component facilities across the United States, Mexico and China.

"Silver Point is pleased to continue our partnership with Stryten and Atlas Holdings by leading this financing," said Anthony DiNello, Head of Direct Lending at Silver Point Capital. "This combination creates one of North America's most comprehensive battery manufacturing and energy storage portfolios, and we are proud to provide a customized solution that supports the combined company's next chapter of growth and enhances its ability to serve customers across critical markets."

Silver Point has served as a lender to Stryten since leading its $400 million financing in 2024.

Stryten is a portfolio company of Atlas Holdings, and C&D Trojan was a portfolio company of KPS Capital Partners. Stryten completed the acquisition on October 1, 2026.

About Stryten Energy
Stryten Energy helps solve the world's most pressing energy challenges with a broad range of energy storage solutions across the Essential Power, Motive Power, Transportation, Military and Government sectors. Headquartered in Alpharetta, Georgia, Stryten partners with some of the world's most recognized companies to meet the growing demand for reliable and sustainable energy storage capacity. Stryten powers everything from submarines to subcompacts, microgrids, warehouses, distribution centers, cars, trains and trucks. Its stored energy technologies include advanced lead, lithium and vanadium redox flow batteries, intelligent chargers and energy performance management software that keep people on the move and supply chains running. An industry leader backed by more than a century of expertise, Stryten has The Energy to Challenge the status quo and deliver top-performing energy solutions for today and tomorrow. Learn more at stryten.com.

About C&D Trojan
C&D Technologies, Inc. and Trojan Battery Company design and manufacture stationary and specialty motive batteries. C&D Technologies' stationary batteries are used primarily for standby power applications in the data center, telecom, utilities, cable, broadband, government, renewable energy, and other mission-critical sectors. C&D Trojan also manufactures specialty motive products under the iconic Trojan brand to power golf carts, low-speed electric vehicles, aerial lifts, floorcare machines, RVs and boats. C&D Technologies, Inc. and Trojan Battery Company have more than 200 years of combined innovation and leadership in deep-cycle battery technology. Headquartered in Horsham, Pennsylvania, C&D Trojan operates manufacturing facilities in the United States, Mexico, and China, as well as advanced research and development facilities in the United States, and offices throughout Europe and Asia.

About Silver Point
Silver Point is a leading global credit investing firm founded in 2002. With a dedicated team of over 400 employees, Silver Point oversees $51 billion in investable assets across a comprehensive credit platform that includes public and private investment strategies. Silver Point's Direct Lending business works in close partnership with both private equity-backed and sponsor-less borrowers, with a flexible mandate designed to allow clients to execute on M&A, refinancings and growth capital, among a range of transaction types. Silver Point's Direct Lending business manages over $18 billion in investable assets. For more information, please visit www.silverpointcapital.com.

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SOURCE Silver Point Capital