Wingspire Capital provided a $50 million senior secured credit facility to Accuray Incorporated that includes a $20 million revolver and a $30 million term loan, with proceeds being used to replace a previous debt facility and for general corporate purposes. The financing was part of a convertible note exchange and refinancing of a $150 million term loan facility by global asset manager TCW Asset Management Company that was announced on June 6.
“We are pleased to provide a tailored capital solution that meets Accuray’s needs and empowers the leadership team to pursue and achieve their strategic goals in a competitive global marketplace,” David Turco, managing director at Wingspire Capital, said.
