Wingspire Capital provided a $30 million revolver to Digital Media Solutions. The transaction was made in conjunction with Digital Media Solutions’ emergence from Chapter 11 bankruptcy reorganization and the completion of a court-supervised sale of substantially all of its assets to an investor group led by funds and accounts managed by BlackRock in addition to Bain Capital, Blackstone and Abry Partners.
Proceeds from the senior secured financing provide additional liquidity and flexibility as Digital Media Solutions pursues strategic initiatives and growth plans with a stronger balance sheet and the support of new owners.
“Wingspire Capital enjoyed working with the management team, new owners, and advisors to create a capital solution that positions Digital Media Solutions and its customers for a new era of growth and value creation,” Will Bence, managing director at Wingspire Capital, said.
Houlihan Lokey Capital served as the investment banker to Digital Media Solutions.
