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Wingspire Supplies $30MM Senior Secured Financing to Specialty Construction Products Company

December 09, 2020, 08:14 AM
Filed Under: Manufacturing

Wingspire Capital provided a $30 million senior secured credit facility to a leading manufacturer and distributor of specialty concrete production and handling equipment that are integral in the construction of large buildings, stadiums, roads, bridges and other infrastructure.

The borrower is using the proceeds of the credit facility to fund day-to-day capital needs for growth and optimizing cash flow and management of its finances, which requires greater flexibility than its previous lender provided.

“We are pleased to provide a more creative and flexible capital solution for a company that plays a vital role in building, repairing and maintaining our nation’s infrastructure as well as new commercial construction projects,” said Will Bence, Director at Wingspire Capital.

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