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.