FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Wingspire Capital Provides $60MM Senior Secured Financing to Franchise Group Inc.

October 29, 2020, 08:44 AM
Filed Under: Retail

Wingspire Capital announced the funding of a $60 million senior secured working capital facility to Franchise Group Inc., the owner and operator of franchised retail stores.

Proceeds were used to refinance the borrower’s existing ABL credit facility in addition to providing a more flexible and cost-effective credit facility for the company going forward.

The new credit facility will also enable the borrower to support its growing portfolio of retail franchises including Buddy’s Home Furnishings, The Vitamin Shoppe, Liberty Tax Service, and American Freight.

“Wingspire is excited to work with a great management team that was not only able to manage their cash flows and liquidity through the pandemic, but also grow them due to high demand for their essential and durable goods that are attractively priced,” said James Garlick, Managing Director and Head of Originations at Wingspire Capital.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.