Latest news with #WingspireCapital
Business Wire
11 hours ago
- Business
- Business Wire
Wingspire Equipment Finance Powers Next-Gen GPU Deployment for AI Infrastructure Platform with a Capital Injection of Over $65 Million
TUSTIN, Calif.--(BUSINESS WIRE)--Wingspire Equipment Finance today announced the closing of an equipment finance transaction exceeding $65 million for a rapidly scaling artificial intelligence (AI) company. The funding allows the technology company to expand its high-performance computing environment with the latest cutting-edge GPUs built on Blackwell architecture. The new hardware will strengthen the client's capacity for developing and deploying machine learning (ML) models. This expanded computing power will compress development timelines and enable the delivery of higher-performance AI solutions to customers worldwide. "Securing the funding as a single transaction, which exceeded $65 million, allowed our client to activate an entire fleet of GPUs almost immediately," said Francisco Barba Jr., Vice President of Business Development at Wingspire Equipment Finance. "This certainty of funding is precisely what AI companies rely on to keep pace with surging customer demand." Wingspire Equipment Finance's funding capacity enables it to deliver sizable, flexible capital solutions that AI businesses require. This positions the company as a long-term financing partner to innovative technology companies across the entire AI value chain. For more information about Wingspire Equipment Finance and its comprehensive finance solutions, please visit 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 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 $273 billion of assets under management as of March 31, 2025.
Business Wire
01-05-2025
- Business
- Business Wire
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 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
Business Wire
23-04-2025
- Business
- Business Wire
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 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.
Yahoo
03-04-2025
- Business
- Yahoo
Skylight Fuels Family-First Innovation with $50 Million of Financing From SG Credit Partners and Wingspire Capital
This loan facility will support Skylight's sustainable momentum while providing increased ability to weather economic cycles. LOS ANGELES, April 3, 2025 /PRNewswire/ -- Skylight, the company building the operating system for families, has secured a $50 million loan through an expanded partnership with SG Credit Partners and new partner Wingspire Capital. As a bootstrapped company that has achieved 99% year-over-year revenue growth, the financing will further support Skylight's mission to meet the surging demand for its innovative technology for families. "This expanded financing represents more than just increased capital – it's building the foundation for a generational brand, which begins with resilient fundamentals and ample liquidity. The vote of confidence from SG Credit Partners and Wingspire Capital unlocks our expansion plans for the next few years," said Chia Chung, Chief Operating Officer and Chief Financial Officer at Skylight. "With our strong balance sheet and clear opportunities, the SG/Wingspire partnership helps us extend our impact and reach millions more families while maintaining our commitment to sustainable growth." The increased facility will fund inventory purchases, enabling Skylight to scale with consumer demand while continuing to invent new products that address families' deepest challenges – from staying connected to reducing the mental burden of household management. Skylight's Mental Load Report found that the mental load consumes over 30 hours weekly, and the brand is working diligently to minimize this impact. As a leader in the digital calendar space, Skylight champions intuitive solutions that simplify household management. SG Credit Partners, which previously provided a $20 million facility to Skylight, has increased its commitment to $50 million and brought in Wingspire Capital as a strategic financing partner to support the company's trajectory. Both lenders have a track record of backing innovative consumer brands and market leaders across several industries. "SG is thrilled to partner with Wingspire to provide this expanded credit facility for Skylight," said Dan McCallum, Managing Director at SG Credit Partners. "This collaboration further strengthens our dedication to supporting Skylight's exceptional innovation, and we are eager to continue to propel their success." "Wingspire Capital is proud to join the SG and Skylight partnership and provide additional liquidity as Skylight continues to execute its strategic growth plans," said Will Bence, Managing Director at Wingspire Capital. Skylight now connects over 9.3 million users, bringing families together through consistent innovation and a customer-centric approach. The brand recently restocked the sold-out 27" Cal Max, their popular smart family calendar developed in response to customer feedback. Beyond hardware innovations, Skylight has continued to invest in the user experience with new features including an AI-powered family assistant, a rewards system and others set to launch throughout 2025. About SkylightFounded in 2014, Skylight connects loved ones by creating the world's simplest products and services that improve family life. Their current offerings are the Skylight Calendar, a touch-screen calendar that syncs the whole family's events, activities, chores, meal plans and more, all in one place, and the Skylight Frame, a touch-screen digital frame which allows users to send and display photos within seconds. For more information, visit About SG Consumer ProductsSG Consumer Products, a division of SG Credit Partners ("SGCP"), is a family-office backed lender providing capital to lower middle market businesses and entrepreneurs requiring tailored credit solutions. SGCP has established a broad credit platform consisting of three verticals: Software + Technology, Consumer Products, and Commercial Finance. Headquartered in Southern California with offices throughout the country, the firm has provided in excess of $1.3 billion to lower middle market entrepreneurs across a variety of industries. For more information, please visit About Wingspire CapitalWingspire Capital offers one-stop solutions of up to $200 million for middle market companies, including revolving lines of credit, cash flow loans, fixed asset term loans, first-out term loans & revolvers, lender finance solutions, equipment leases, and sale leasebacks. Industries financed include business services, consumer products, e-commerce & retail, food & beverage, healthcare, manufacturing, distribution, transportation & logistics, automotive, technology applications and financial services. 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 $250 billion of assets under management as of December 31, 2024. For further information about Wingspire Capital, visit ContactSkylight PRskylight@ View original content to download multimedia: SOURCE Skylight
Yahoo
05-02-2025
- Business
- Yahoo
Sponsor-Backed Plastics Manufacturer Expands with $20MM in Financing from Wingspire Equipment Finance
TUSTIN, Calif., February 05, 2025--(BUSINESS WIRE)--Wingspire Equipment Finance is pleased to announce the successful funding of over $20 million for a global plastic manufacturing company. The Equipment Finance Agreement (EFA) finance structure enables the acquisition of injection molding machines, improving the company's production capabilities and meeting growing customer demand. The manufacturer, backed by a prominent private equity sponsor, provides advanced plastic manufacturing solutions for the medical, consumer packaging, and consumer goods industries. The company delivers industry-leading quality and rapid time-to-market production with state-of-the-art automation, cutting-edge molding processes, and Industry 4.0 integration. At a crucial time when the business was undergoing a recapitalization, the manufacturer and its sponsor sought a financing partner capable of providing immediate funding and a structured CapEx Line to support ongoing growth and manufacturing capabilities. The financing from Wingspire Equipment Finance enables the company to scale its operations, fulfill contractual commitments, and expand its market share. "Our client had a critical need for a lending partner who could execute on an aggressive timeline," said Dale Schwartz, Senior Vice President at Wingspire Equipment Finance. "We delivered a streamlined documentation and funding process within a 30-day window, ensuring they could stay on track with their expansion and customer commitments." Wingspire Equipment Finance remains committed to empowering private equity-owned manufacturing companies with the capital solutions that drive the industry's growth and innovation. For more information about Wingspire Equipment Finance and its comprehensive finance solutions, please visit 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 $235B in AUM. View source version on Contacts For media inquiries, please contact:Media Relations844.816.9420pressinfo@ Sign in to access your portfolio
