Wingspire Equipment Finance Provides Over $20 Million in Equipment Financing to Leading Aviation Services Provider
TUSTIN, Calif.--(BUSINESS WIRE)--Wingspire Equipment Finance is pleased to provide over $20 million in equipment financing for a global leader in aviation services. The funding will support upgrading the private equity-owned company's operational equipment. This will enhance its ability to meet increasing market demand and service new customer contracts.
As one of the world's largest providers of airport ground services and air cargo handling, the client plays a critical role in supporting airlines and airports internationally. The company sought a financing partner capable of providing a pre-approved guidance CapEx Line of Credit, ensuring quick and efficient funding for equipment acquisition.
Wingspire Equipment Finance structured an Equipment Finance Agreement (EFA) that enables the company to replace aging cargo and ramp handling equipment, aircraft cleaning machinery, and plane fueling service vehicles. The funding modernizes its existing fleet and allows for strategic expansion to support growing customer needs.
'Our financing solution represents a pivotal step forward for our client in the aviation services industry,' said Jason Potter, Senior Vice President of Business Development at Wingspire Equipment Finance. 'With a CapEx Line of Credit established, we've provided the flexibility they need to acquire and deploy new aviation equipment quickly. Our ability to scale with their business was key to their decision to partner with us. We're proud to support their growth and look forward to continuing our relationship.'
For more information about Wingspire Equipment Finance and its comprehensive finance solutions, please visit ef.wingspirecapital.com.
About Wingspire Equipment Finance:
Wingspire Equipment Finance is a leading provider of equipment financing solutions, committed to empowering middle market companies with flexible and innovative financial solutions. With a focus on client success and industry expertise, Wingspire Equipment Finance is dedicated to delivering strategic capital solutions that drive long-term success for its clients. Wingspire Equipment Finance is the equipment financing arm of Wingspire Capital, a portfolio company of Blue Owl Capital (NYSE: OWL), a global alternative asset manager with over $251B in AUM.
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