Wingspire Equipment Finance Upsizes Credit Facility to $195MM Led by Texas Capital Bank
TUSTIN, CALIFORNIA — May 5, 2023 — Wingspire Equipment Finance, a leading provider of equipment finance solutions, is pleased to announce 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.”
ABOUT WINGSPIRE CAPITAL
Wingspire Capital is a middle market-focused, specialty finance firm that provides asset-backed credit facilities to businesses across all industries. Our depth of experience across all debt products and industries enables our firm to be creative and flexible in our approach. The commitments for our credit facilities range in size from $20 to $200 million.
Wingspire Capital is a portfolio company of Owl Rock Capital Corporation (NYSE: ORCC), which is externally managed by Owl Rock Capital Advisors LLC, an SEC-registered investment adviser and part of Owl Rock. Owl Rock is a division of Blue Owl Capital (NYSE: OWL), an alternative asset manager with $144.4 billion of assets under management as of March 31, 2023. For further information about Wingspire Capital, visit us at wingspirecapital.com.
ABOUT WINGSPIRE EQUIPMENT FINANCE
Wingspire Equipment Finance is a subsidiary of Wingspire Capital and provides highly competitive equipment finance solutions that range in size from $1 to $50 million. Our solutions are tailored primarily to middle market companies across all industries. Wingspire Equipment Finance was founded in 2017 by equipment finance veteran Eric Freeman and is led by a team with more than 250 years of combined experience. Learn more about us at ef.wingspirecapital.com.
ABOUT TEXAS CAPITAL BANK
Texas Capital Bancshares, Inc. (NASDAQ: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank, a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital Bank has established commercial banking, consumer banking, investment banking and wealth management capabilities.
TCBI Securities, Inc., doing business as Texas Capital Securities, is a member of FINRA and SIPC and has registered with the SEC and other state securities regulators as a broker dealer. TCBI Securities, Inc. is a subsidiary of Texas Capital Bank. Securities and other investment products offered by TCBI Securities, Inc. are not FDIC insured, may lose value and are not bank guaranteed. For more information, please visit www.texascapitalbank.com.