ATLANTA — January 20, 2021 — Wingspire Capital LLC (“Wingspire”) announced today that it has provided a $50 million senior secured revolving credit facility to Vantage Mobility International (“VMI”), a leading manufacturer of wheelchair accessible vans with in-floor ramp systems.
VMI is using the proceeds to finance its inventory of vans purchased from original equipment manufacturers and fund its normal working capital cycle.
“Wingspire is proud to support VMI who, with genuine care for the disabled community, manufactures products that provide their customers with innovative leading-edge mobility products,” said John Rosin, President & COO of Wingspire Capital.
Phoenix-based VMI is a portfolio company of middle market private equity firm Nautic Partners.
“We welcome the opportunity to partner with Wingspire and lean on their creativity and nimbleness so VMI has the strategic flexibility it needs to take its business to the next level,” said Nicholas Vidnovic, Vice President at Nautic.
ABOUT WINGSPIRE CAPITAL
Wingspire Capital focuses on the upper tier of the senior secured asset-based lending market by providing revolving credit lines and term loans ranging from $20 to $200 million. The Atlanta based company serves mid-sized public and private businesses across numerous industries including manufacturing, distribution, retail, logistics, automotive, energy, consumer products, hospitality, lender finance and business services. Wingspire’s loans are secured by assets such as accounts receivable, inventory, equipment, real estate and intellectual property. 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 Capital Advisors LLC, together with its affiliates, is a New York based direct lending platform with approximately $20 billion of assets under management as of September 30, 2020.