Wingspire Capital provided a $33 million first-out revolver and term loan to a secure end-to-end communications and computing technologies company.
The first-out credit facility was part of a larger $89 million facility, which Wingspire Capital agented. Proceeds are being used to refinance a previous debt facility while giving the borrower greater flexibility and access to capital for operating and growth activities.
“We are pleased to support the company with a flexible capital solution that positions the business for its next phase of growth,” Brian Scully, managing director at Wingspire Capital, said.
