- Wingspire Equipment Finance provides over $20 million in equipment financing to a leading aviation services provider.
- The financing supports modernization and expansion of airport ground services and air cargo handling equipment.
- The agreement includes a CapEx Line of Credit for swift equipment acquisitions.
Wingspire Equipment Finance has announced a substantial financial partnership, providing over $20 million in equipment financing to a global leader in aviation services. This strategic financing will facilitate the upgrade of operational equipment, essential for meeting the increasing market demand and servicing new customer contracts.
The aviation services provider, one of the largest globally, plays a vital role in supporting airlines and airports with ground services and air cargo handling. The company selected Wingspire Equipment Finance due to their ability to offer a pre-approved guidance Capital Expenditure (CapEx) Line of Credit, ensuring rapid and efficient access to funds for necessary equipment acquisitions.
The structured Equipment Finance Agreement (EFA) will be utilized to replace aging assets, including cargo and ramp handling equipment, aircraft cleaning machinery, and plane fueling service vehicles. This modernization aims to enhance the company's fleet and support its strategic expansion to accommodate growing customer needs.
Jason Potter, Senior Vice President of Business Development at Wingspire Equipment Finance, remarked on the significance of this agreement, stating, "With a CapEx Line of Credit established, we've provided the flexibility they need to acquire and deploy new aviation equipment quickly. Our ability to scale with their business was key to their decision to partner with us."
Wingspire Equipment Finance is part of Wingspire Capital, a portfolio company of Blue Owl Capital (OWL, Financial), a leading global alternative asset manager. For more information about their comprehensive finance solutions, visit ef.wingspirecapital.com.
