Wingspire Capital Holdings (“Wingspire”) today announced that it has provided a $36.5 million senior secured loan to R.W. Sidley (“RWS”). Loan proceeds were used to refinance its existing bank facility, while providing a more patient and flexible capital structure to help management achieve its strategic growth initiatives.

Founded in 1933, RWS manufactures, mines, and distributes a variety of building products and supplies to over 1,000 customers nationwide. Some of the products that the company produces include bulk aggregates, industrial minerals, ready-mix concrete, structural and architectural precast components, among others. Their customer base operates in a broad range of end-markets ranging from the infrastructure construction markets, to water and wastewater treatment businesses, and steel and chemical manufacturers.

“RWS has remained a leader in their space by integrating up and down the value chain, and this new financing will provide the flexibility they were seeking to allow them to continue that growth in their core business. By structuring a responsive and creative credit facility, Wingspire was able to provide the necessary capital for RWS to execute on their future growth plans” said David Wisen, CEO of Wingspire.

Based in Atlanta, Wingspire focuses on the upper tier of the senior secured ABL and ABL stretch market by providing senior secured revolving credit lines and term loans ranging in size from $20 to $200 million. The company serves public and private businesses in an array of industries, including manufacturing, distribution, retail, logistics, automotive, energy, consumer products, hospitality, lender finance and business services. Its loans are secured by assets such as accounts receivable, inventory, equipment, real estate and intellectual property. Wingspire Capital Holdings is a portfolio company of Owl Rock Capital Corporation.