Wingspire Equipment Finance Closes $70 Million Sale-Leaseback to Support U.S. Expansion for Global Paper Manufacturer
Wingspire Equipment Finance has completed a $70 million sale-leaseback finance structure in connection with two high-capacity paper machines for a leading U.S. manufacturer. Proceeds from the financing will be used by the company to execute on its expansion plans, underscoring its foreign parent company's commitment to increasing market share in the highly competitive U.S. market.
The tissue paper manufacturer has also made a shift in CapEx planning by proactively working with domestic capital providers, as it has historically funded its operations through its parent company. The sale-leaseback proved highly successful by delivering large proceeds, an extended term, and a compelling fixed rate.
"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. 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," said Jeffrey Okano, Senior Vice President of Originations at Wingspire Equipment Finance.
Wingspire Equipment Finance continues to leverage its immense lending capacity to deliver large-scale capital solutions for its clients. This is especially crucial in a landscape of economic uncertainty and tightening credit standards.
About Wingspire Equipment Finance:
Wingspire Equipment Finance is a leading provider of equipment financing solutions, dedicated to empowering middle-market companies with flexible and innovative financial solutions. With a focus on client success and industry expertise, Wingspire Equipment Finance is dedicated to delivering strategic capital solutions that drive long-term success for its clients. Wingspire Equipment Finance is the equipment financing arm of Wingspire Capital, 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 $284 billion of assets under management as of June 30th, 2025.
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