Wingspire Equipment Finance Completes Second Equipment ABS Issuance
Wingspire Equipment Finance, a leading large-ticket equipment finance company, announced the successful closing of its second asset-backed securitization (ABS), WEF 2025-1. The transaction raised over $292 million and included six classes of notes, the uppermost of which received the highest achievable ratings of F1+/K1+ and AAA from Fitch Ratings and Kroll Bond Rating Agency.
The transaction was backed by a diverse portfolio of equipment loans and leases spanning numerous industries. The transaction was more than 6x oversubscribed, reflecting strong investor demand. The investment grade ratings and market enthusiasm were driven by the portfolio's excellent credit performance, the management team's cycle-tested experience, strong sponsorship, and the quality of Wingspire Equipment Finance's originations platform, underwriting standards, and servicing capabilities. Over 20 prominent investors participated in the transaction.
"Last year we were honored to be the first large-ticket equipment finance company to achieve a AAA rating from a major rating agency on an inaugural issuance," said Eric Freeman, CEO of Wingspire Equipment Finance. "This year we were able to build on that momentum to deliver another excellent result for our team, our customers, and our investors."
David Wisen, CEO of parent company Wingspire Capital, added: "The Wingspire platform is committed to supporting the capital needs of middle market companies and their sponsors. This transaction allows us to better serve our clients while further diversifying and expanding our investor base."
Wells Fargo Securities served as the transaction's sole structuring agent and joint bookrunner. BofA Securities and Deutsche Bank Securities served as joint bookrunners. Texas Capital Securities served as co-manager. VedderPrice acted as legal counsel to Wingspire Equipment Finance and the issuer.
For more information about Wingspire Equipment Finance and its comprehensive finance solutions, please visit ef.wingspirecapital.com.
About Wingspire Equipment Finance:
Wingspire Equipment Finance is a leading provider of equipment financing solutions, committed to empowering businesses with flexible and innovative financial solutions. With a focus on client success and industry expertise, Wingspire Equipment Finance is dedicated to helping companies thrive by providing tailored financing options for their equipment needs.
About Wingspire Capital:
Wingspire Capital provides senior secured credit facilities up to $200 million and has approximately $1.5 billion in assets under management. It operates as two divisions: Wingspire Corporate Finance, which provides senior secured revolving lines of credit and term loans, and Wingspire Equipment Finance, which provides standalone equipment loans and leases. Industries financed include automotive, business services, consumer products, distribution, e-commerce & retail, financial services, food & beverage, healthcare, industrial, transportation & logistics, and technology applications.
Wingspire Capital is 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 over $284 billion of assets under management as of June 30, 2025. For further information about Wingspire Capital, visit www.wingspirecapital.com.
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