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 $30 million senior secured credit facility to a manufacturer and distributor of specialty concrete production and handling equipment.
Allison Adornato joined Wingspire Capital as a managing director and national head of underwriting. Previously, Adornato served as a managing director and underwriting manager at Garrison Investment Group in New York, where she focused on direct lending.
Wingspire Capital funded a $60 million senior secured working capital facility for Franchise Group, an owner and operator of franchised retail stores.
Wingspire Capital agented a $100 million credit facility consisting of an $80 million senior credit facility (co-led by Ares Commercial Finance) and a $20 million second lien credit facility (provided by Atalaya Capital Management) to Rubies II.
Wingspire Capital is funding a $30 million senior secured working capital revolver to a distributor in after-market auto parts, consumer electronics and personal protective equipment.
Wingspire Capital completed a $30 million senior secured loan to home furnishings retailer Arhaus to support the company’s daily operations and continued growth.
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.