Wingspire Equipment Finance’s $12 Million Funding Initiative to Propel Tier 1 Aerospace Manufacturer Capabilities
2024年7月26日 - 2:13AM
ビジネスワイヤ(英語)
Wingspire Equipment Finance is proud to announce a $12,000,000
equipment financing to a leading aerospace manufacturing company.
The Tier 1 aerospace manufacturer is known for producing
specialized components and its capabilities in sheet metal
fabrication, precision machining, and complex assemblies.
Through a collaborative effort with the company and its private
equity sponsor, Wingspire Equipment Finance developed a solution
tailored to their unique requirements. This financing initiative
supports the acquisition of new CNC machines and lathes, expanding
and enhancing the efficiency of the company's manufacturing
processes.
The sponsor's strategy involved financing new equipment and
leveraging assets through Wingspire Equipment Finance. By
leveraging existing equipment, the aerospace portfolio company
secured a cash influx, enabling it to explore higher-yielding
opportunities. This approach improves liquidity while supporting
the company's goal of increasing its manufacturing capacity.
Spencer Jakemer, Vice President at Wingspire Equipment Finance,
expressed enthusiasm about the opportunity, stating, "This project
was a great representation of our ability to be a fit on multiple
fronts for our clients. With great collaboration, we helped our
client realize their financing needs under one roof. We are excited
to see how this capital infusion will propel their business
forward."
This transaction underscores Wingspire Equipment Finance's
commitment to providing bespoke financial solutions for
sponsor-backed, middle market companies and meeting the aerospace
industry's dynamic equipment acquisition needs.
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. Wingspire Equipment
Finance is the equipment financing arm of Wingspire Capital, a
portfolio company of Blue Owl Capital Corporation (NYSE: OBDC) with
over $175B in AUM. As a specialty finance company, it provides
direct lending solutions to U.S. middle market companies.
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