Since announcing its entrance into the asset-based lending market less than a year ago, Wingspire Capital has established itself as a competitive player in the industry. David Wisen, John Rosin and Ken Wendler explain how creativity and remaining humble have powered their first-year success and growth plans.
Wingspire Capital provided a $40 million senior secured loan to Moran Foods dba Save-A-Lot. The loan was part of a $150 million revolving line of credit among a group of three lenders.
David Phillips joined Wingspire Capital as managing director in Atlanta. Phillips previously worked for Wells Fargo Capital Finance, CIT Business Credit, Alostar Capital Finance and Heller Financial.
Wingspire Capital Holdings has launched as an independent diversified direct lender focused on providing ABL financing and related senior secured loans to U.S.-based middle market borrowers.