Wingspire Capital provided a $46 million senior secured credit facility to Worldwise, a designer and supplier of pet products. The transaction includes a $30 million revolving line of credit and a $16 million term loan to replace previous credit facilities.
“Wingspire’s flexible and innovative approach puts Worldwise in a stronger position to continue to capitalize on its business strategy in a dynamic and growing market,” William Bence, managing director at Wingspire Capital, said.
“Wingspire did a very professional and creative financing for Worldwise. They took the time to learn our business in a very short timeframe and provided a flexible structure that supports our accelerated future success,” David Blatte, chairman of Worldwise, said.
