Wingspire Equipment Finance completed a $70 million sale-leaseback finance structure in connection with two high-capacity paper machines for a U.S. manufacturer. Proceeds from the financing will be used by the company to execute on its expansion plans.
“Our client has prioritized expansion and growth in production. They are leveraging acquisitions and greenfield investments in the U.S. to strengthen their position in a rapidly evolving and consolidating industry,” Jeffrey Okano, senior vice president of originations at Wingspire Equipment Finance, said. “We were delighted to earn their trust to complete this large and strategically important transaction. The proceeds will help fund another paper machine for the facility, already the largest and most automated in the parent company’s worldwide operations.”
