ATLANTA – May 17, 2022 — Wingspire Capital LLC provided a $30 million revolving line of credit to Ashley Stewart to refinance debt and to support future growth.
Ashley Stewart is an omni-channel retailer that sells apparel for plus-size women. Founded in 1991 and based in Secaucus, New Jersey, Ashley Stewart has 81 retail stores and a growing e-commerce platform that drove sales during the pandemic.
“We enjoyed working with the Ashley Stewart team on this revolving line of credit that was jointly constructed to provide financial flexibility via the unlocking of liquidity from their current assets as well as their intellectual property,” said John Rosin, President and Chief Operating Officer of 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 $102 billion of assets under management as of March 31, 2022. For further information, visit wingspirecapital.com.