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.