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Wingspire Capital Provides $75MM Revolving Line of Credit to Signature Brands

March 18, 2024, 08:00 AM

Wingspire Capital provided a $75 million revolving line of credit to Signature Brands. The senior secured credit facility was used to refinance an existing debt facility and provide enhanced liquidity by tailoring the structure to the seasonality of the business.

Signature Brands is the leading manufacturer and distributor of dessert decorating products in North America, with a focus on seasonal confections and kits that are sold at major U.S. retailers. Signature Brands’ owned and licensed brands include Betty Crocker, Cake Mate, PAAS Easter, Pumpkin Masters, GiftPOP, and Brand Castle.

“Wingspire Capital worked diligently with Signature Brands to understand their business and successfully provide a capital solution that creates both enhanced liquidity and flexibility as the business executes on its long-term goals,” said Will Bence, Managing Director at Wingspire Capital. 

Signature Brands is a portfolio company of Traub Capital Partners and was advised by Crown Partners on the refinancing.

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