TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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February 8, 2022
Source: Wingspire Capital LLC
ATLANTA – FEB. 8, 2022 — Wingspire Capital LLC (“Wingspire”) provided a senior secured credit facility to AvAir, LLC, (“AvAir”) a global supplier of aftermarket parts for commercial passenger and cargo aircraft.
Since its inception in 2000, Arizona-based AvAir has developed a reputation as a nimble, knowledgeable and trusted provider of a broad variety of aircraft parts and components. The company used the proceeds to refinance an existing bank facility and for ongoing working capital needs.
“We enjoyed working with AvAir’s leadership team to create a capital solution that met their needs, providing them with a financing structure that will provide capital for growth,” said James Garlick, Senior Managing Director and Head of Originations for Wingspire Capital.
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, and the lender of choice for companies across all stages of growth and complexity. The commitments for our credit facilities range in size from $20 to $200 million.
Wingspire 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. Owl Rock is a division of Blue Owl Capital (NYSE: OWL), an alternative asset manager with approximately $70.5 billion of assets under management as of September 30, 2021. For further information, visit wingspirecapital.com.
