Wingspire Capital provided a $39.5 million senior secured credit commitment to CoolSys, a company in mission-critical HVAC, refrigeration, and energy and carbon reduction solutions for businesses across the United States.
The commitment is part of a broader $150 million credit facility for CoolSys with a syndicate led by Mizuho that provides on-going working capital support, extends tenor for three years and refinances a member of the prior bank group.
“We are proud to provide a flexible capital solution to CoolSys, which provides mission-critical components and services to its customers who rely on refrigeration and cooling to support the profit margin drivers of their own businesses,” David J. Turco, managing director at Wingspire Capital, said.
