Wingspire Capital provided a $75 million revolving line of credit to Signature Brands, which used the senior secured credit facility to refinance an existing debt facility and to provide enhanced liquidity, as the facility was structured to account for the seasonality of the business.

Signature Brands is a manufacturer and distributor of dessert decorating products in North America, with a focus on seasonal confections and kits that are sold at major U.S. retailers. Signature Brands’ owned and licensed brands include Betty Crocker, Cake Mate, PAAS Easter, Pumpkin Masters, GiftPOP and Brand Castle.

“Wingspire Capital worked diligently with Signature Brands to understand their business and successfully provide a capital solution that creates both enhanced liquidity and flexibility as the business executes on its long-term goals,” Will Bence, managing director at Wingspire Capital, said.

Signature Brands is a portfolio company of Traub Capital Partners and was advised by Crown Partners on the refinancing.