- Vitol and Breakwall Capital have announced the inaugural transaction by their joint venture Valor Mining Credit Partners, L.P. - VMP has completed a $150 million senior secured, first lien term loan financing to support a U.S. metallurgical coal mining operation. - The proceeds from the financing will be used for capital expenditures and working capital. - VMP was formed in July 2025 to provide structured credit solutions to mining companies across the Americas. - The swift execution of VMP's first transaction demonstrates its ability to deploy flexible capital efficiently. - The managing partners of Breakwall remarked that VMP aims to address the lack of credit capital available to support high-quality assets and seasoned management teams. - This initial investment highlights VMP's capacity to offer short-duration, asset-backed loans for the development and production of raw materials. - Vitol’s head of the Americas noted that VMP is expanding investments in critical industrial supply chains. - VMP targets various financing scenarios, including debt refinancings and acquisition funding, providing flexible growth solutions for companies. - Further details regarding the transaction are not disclosed at this time.

Vitol and Breakwall Capital LP announce the inaugural transaction by Valor Mining Credit Partners, L.P.

News provided by Vitol

Aug 21, 2025, 15:12 ET

HOUSTON, Aug. 21, 2025 /PRNewswire/ -- Vitol, a leader in energy and commodities, and Breakwall Capital ("Breakwall"), a credit investment firm that services the energy industry, today announced the inaugural transaction by their joint venture, Valor Mining Credit Partners, L.P. ("VMP" or the "Partnership").

VMP has completed a $150 million senior secured, first lien term loan financing in a private transaction to support a U.S. metallurgical coal mining operation. Proceeds will be used for capital expenditures and working capital.

Formed by Vitol and Breakwall in July 2025, VMP seeks to provide structured credit solutions to mining companies across the Americas. The speed with which VMP originated, structured, and executed its first transaction reflects the Partnership's ability to deploy flexible capital with discipline and in a timely manner.

"VMP was formed to take advantage of a dearth of credit capital available to support high quality assets and seasoned management teams," said Christopher Abbate, Jamie Brodsky, and Daniel Flannery, Managing Partners of Breakwall. "This inaugural investment underscores our capacity to provide short duration, structurally nimble, asset backed loans to facilitate the development and production of raw materials from top tier mining assets that are critical to North American industrial development and energy generation."

Ben Marshall, Head of the Americas, Vitol, added: "Through VMP, Vitol is expanding its investments across critical industrial supply chains. We look forward to supporting projects that can deliver reliable supply and long-term value."

VMP targets event driven financings, including debt refinancings, acquisition funding, and development capital, providing companies with flexible solutions to accelerate growth and drive shareholder value. Additional details of the transaction are not being disclosed at this time.

SOURCE Vitol