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Wingspire Capital Provides $40MM Senior Secured Financing to Mass Transit Technology Firm

Date: Sep 17, 2024 @ 08:15 AM
Filed Under: Transportation

Wingspire Capital provided $40 million in senior secured financing to a technology firm that provides solutions for mass transportation systems.

The transaction includes a $20 million revolver and a $20 million term loan. Proceeds are being used to replace a previous loan while also providing additional liquidity and growth capital with more flexible terms.

“We enjoyed working with the executive team and sponsor to deliver a creative capital solution that provides flexibility and new liquidity to support the company’s growth,” said David Phillips, Managing Director at Wingspire Capital.

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