Wingspire Equipment Finance, a large-ticket equipment financing company, completed a $35 million equipment financing deal with a sponsor-backed medical technology company. The financing provided by Wingspire will enable the purchase of several custom blow-fill-seal machines.
The company sought to curb equity investment and assume more cost-effective debt. Wingspire Equipment Finance’s capital lease structure will support the acquisition of specialized equipment integral to the company’s prefilled drug delivery systems.
“Timing was critical for the client,” Mark Ellis, vice president of originations at Wingspire Equipment Finance, said. “By understanding our client’s specific capital structure needs, we delivered a tailored financing package that addressed their immediate challenges while providing the flexibility to support their future growth. Our solution met their current needs and set them up for continued production expansion into 2025.”
