Wingspire Equipment Finance Secures $350 Million Credit Facility to Power Next Phase of Growth
TUSTIN, Calif.--(BUSINESS WIRE)--Wingspire Equipment Finance announced today that it has closed on a $350 million credit facility to expand its financing capabilities for middle market and sponsor-backed companies. The new warehouse line was provided to a wholly-owned subsidiary of Wingspire Equipment Finance, with Bank of America, N.A. and Wells Fargo, N.A. as lenders. Bank of America, N.A. serves as the structuring and administrative agent.
'We are pleased to expand our lending capacity with the support of premier financial institutions like Bank of America and Wells Fargo,' said Eric Freeman, CEO of Wingspire Equipment Finance. 'This new facility is a testament to the strength of our platform and allows us to better serve our clients with more flexible and cost-effective equipment financing solutions.'
Wingspire Equipment Finance continues to experience strong demand for its capital solutions, fueling expansion across all business areas. To support its growth and expanding team, the company will relocate its headquarters later this year to a newly built, larger office at The Flight at Tustin Legacy.
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 businesses with flexible and innovative financial solutions. With a focus on client success and industry expertise, Wingspire Equipment Finance is dedicated to helping companies thrive by providing tailored financing options for their equipment needs.
About Wingspire Capital:
Wingspire Capital provides senior secured credit facilities of up to $200 million, and currently has over $1 billion in assets under management. It operates as two divisions: Wingspire Corporate Finance, which provides senior secured revolving lines of credit and term loans, and Wingspire Equipment Finance, which provides standalone equipment loans and leases. Industries financed include automotive, business services, consumer products, distribution, e-commerce & retail, financial services, food & beverage, healthcare, industrial, transportation & logistics, and technology applications.
Wingspire Capital is a portfolio company of Blue Owl Capital Corporation (NYSE: OBDC). OBDC is externally managed by Blue Owl Credit Advisors LLC, an indirect affiliate of Blue Owl Capital, Inc. (NYSE: OWL). Blue Owl Capital, Inc. is a global alternative asset manager with over $251 billion of assets under management as of December 31, 2024. For further information about Wingspire Capital, visit www.wingspirecapital.com.
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