Wingspire Capital closed a $30 million revolving credit facility to SportPet Designs, a designer, manufacturer and distributer of best-selling pet products sold through major retailers. Proceeds will be used to refinance an existing credit facility and provide enhanced working capital flexibility.
“We enjoyed working with the SportPet management team, its advisors and sponsor to provide a nimble and adaptable capital solution, one that gives SportPet the flexibility and reliability it needs to launch and sustain robust programs with major retailers,” David Turco, managing director at Wingspire Capital, said.
SportPet is a portfolio company of Topspin Consumer Partners. Cedar Croft Consulting served as the advisor to SportPet on the transaction.
