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Wingspire Equipment Finance Upsizes Credit Facility to $195MM Led by Texas Capital Bank

May 05, 2023, 07:58 AM
Filed Under: Lender Finance

Wingspire Equipment Finance, a provider of equipment finance solutions, announced the closing of a new $195 million credit facility to further expand its direct funding capabilities. The facility was agented by Texas Capital Bank, and Wells Fargo and Bank OZK served as joint lead arrangers. The new facility demonstrates the strength of Wingspire’s platform during these volatile times.

“We are excited to continue our relationship with Texas Capital Bank and to add new lenders to the bank group. Getting this deal done amid the recent activity in the banking sector is a testament to the strength of our business. This new facility and the ongoing support of Wingspire Capital and Blue Owl provide a deep and stable capital base that we can use to support our clients,” said Eric Freeman, founder and CEO of Wingspire Equipment Finance.

“We are thrilled to raise additional capital for Wingspire and its best-in-class management team,” said Steven Katz, Managing Director, Commercial Lender Finance at Texas Capital Bank. “Through customized solutions, Texas Capital Bank is proud to deliver substantial value to our clients at every stage of their business lifecycles.”

For more equipment finance industry news, visit Equipment Finance Advisor.

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