Wingspire Capital provided a $30 million senior secured revolving credit facility to GTT Communications, a provider of managed secure networking services for large enterprise and carrier clients. GTT will use the revolver to support working capital requirements for the company.
Wingspire Capital completed five transactions with cumulative commitments of more than $230 million in Q1/23. The transactions, which were made up of senior secured credit facilities, included revolvers, exit financing, an add-on financing term loan and an agented $125 million facility.
Wingspire Capital provided a $125 million senior secured credit facility to an internationally recognized cosmetics company for the expansion of its complement of current brands, future product development and potential acquisitions.
Wingspire Capital committed a $30 million term loan A and a $15 million revolver to travel technology and marketplace firm Mondee, participating and adding to an existing loan facility led by TCW Asset Management Company.
Wingspire Capital provided more than $700 million in senior secured financing commitments in 2022, bringing its total to $3 billion in its third year of operations.
In a roundtable discussion focused on chief credit officers, panelists from Edge Capital, Horizon Technology Finance, SLR Business Credit, Marco Financial and Wingspire Capital discuss the important role of the CCO and how they are leading credit teams through the economic turbulence of 2022.
Liberty Commercial Finance rebranded as Wingspire Equipment Finance, adopted a new logo and redesigned its website as it integrates with parent company Wingspire Capital, which acquired Liberty earlier this year.
Wingspire Capital provided a $40 million senior secured revolving line of credit to Corsicana Mattress Company as part of its exit from bankruptcy.
Wingspire Capital provided a $46 million senior secured credit facility to EMCORE to facilitate its recent acquisition of the inertial navigation systems and fiber optic gyroscope business segment from KVH Industries.
PWCC Marketplace established a $175 million asset-based credit facility led by WhiteHawk Capital Partners as sole lead arranger and book runner and Wingspire Capital serving as revolver agent. D.A. Davidson served as exclusive financial adviser.