Flagship Agriculture Manufacturing Facility Receives $10 Million in Equipment Financing from Wingspire Equipment Finance

TUSTIN, Calif.--(BUSINESS WIRE)--Wingspire Equipment Finance is proud to announce that it has successfully structured $10,000,000 in equipment financing for a global leader in agricultural manufacturing. The funding will be used to update and refresh the client's flagship Canadian manufacturing facility.

The client, a private equity-backed company, is a prominent global manufacturer and distributor of high-precision components and parts for agricultural soil preparation. They serve large OEM and aftermarket channels and maintain an international presence in North America, Europe, and Latin America. The client is also recognized for its strong portfolio of tools for the agriculture, construction, and gardening sectors.

The $10 million Capital Lease provided by Wingspire Equipment Finance modernizes the Canadian manufacturing facility, fostering cross-border success. The upgrades include replacing aging equipment with state-of-the-art technologies to improve manufacturing capabilities, reduce downtime, and ensure the facility meets the highest industry standards for production efficiency.

"This transaction marks a significant milestone for the client as they modernize their flagship facility to meet growing international demand," said Jason Alves, Senior Vice President of Private Equity at Wingspire Equipment Finance. "By structuring a Capital Lease tailored to their facility needs, we provided a finance solution that supports their global long-term growth strategy. We are proud to play a role in their transformation and look forward to their continued success."

Delivering the financing for this client underscores Wingspire Equipment Finance's commitment to providing bespoke financial solutions for sponsor-backed, middle-market companies. Enabling access to capital supports the global agriculture industry's need for cutting-edge technology equipment financing.

For more information about Wingspire Equipment Finance and its comprehensive finance solutions, please visit ef.wingspirecapital.com.

About Wingspire Equipment Finance:

Wingspire Equipment Finance is a leading provider of equipment financing solutions, committed to empowering businesses with flexible and innovative financial solutions. With a focus on client success and industry expertise, Wingspire Equipment Finance is dedicated to helping companies thrive by providing tailored financing options for their equipment needs.

About Wingspire Capital:

Wingspire Capital provides senior secured credit facilities of up to $200 million, and currently has over $1 billion in assets under management. It operates as two divisions: Wingspire Corporate Finance, which provides senior secured revolving lines of credit and term loans, and Wingspire Equipment Finance, which provides standalone equipment loans and leases. Industries financed include automotive, business services, consumer products, distribution, e-commerce & retail, financial services, food & beverage, healthcare, industrial, transportation & logistics, and technology applications.

Wingspire Capital is a portfolio company of Blue Owl Capital Corporation (NYSE: OBDC). OBDC is externally managed by Blue Owl Credit Advisors LLC, an indirect affiliate of Blue Owl Capital, Inc. (NYSE: OWL). Blue Owl Capital, Inc. is a global alternative asset manager with over $192 billion of assets under management as of June 30, 2024. For further information about Wingspire Capital, visit www.wingspirecapital.com.