News
Global Pharmaceutical Services Leader Secures $12 Million in Financing from Wingspire Equipment Finance
TUSTIN, California, May 23, 2024–(BUSINESS WIRE)–Wingspire Equipment Finance proudly announces the completion of a $12,000,000 equipment financing agreement for a leading pharmaceutical services company. The private equity-backed company, a globally recognized contract development and manufacturing organization (CDMO), provides end-to-end integrated solutions for commercial drug development, manufacturing and packaging.
The financing agreement facilitated by Wingspire Equipment Finance was instrumental in acquiring manufacturing equipment and drug packaging technology for the CDMO. The financial package, consisting of leasing and leasing back, was designed to speed up the equipment purchase process and provide the customer with the extra liquidity they need. A sale-leaseback helped leverage existing equipment recently purchased with cash. The CDMO was able to optimize its cash flow and significantly reinforce its liquidity for ongoing operations, ensuring the continuity of its growth trajectory.
“We are pleased to have been able to support our customers’ critical operations and growth initiatives with our equipment financing commitment,” said Jason Alves, senior vice president of private equity at Wingspire Equipment Finance. “Our ability to provide a much-needed infusion of capital and meet their specific financial objectives highlights our dedication to fostering strong partnerships with our clients.”
The rapid response and results delivered for this pharmaceutical services client are a testament to Wingspire Equipment Finance’s focus on providing industry-leading companies with flexible and timely equipment financing solutions.
For more information about Wingspire Equipment Finance and its comprehensive financial solutions, visit ef.wingspirecapital.com.
About Wingspire Equipment Financing:
Wingspire Equipment Finance is a leading provider of equipment financing solutions, committed to empowering businesses with flexible and innovative financial solutions. With a focus on customer success and industry expertise, Wingspire Equipment Finance is dedicated to helping businesses thrive by providing financing options customized for their equipment needs. Wingspire Equipment Finance is the equipment financing arm of Wingspire Capital, a portfolio company of global alternative asset manager Blue Owl Capital Corporation (NYSE: OBDC) with more than $175 billion in assets under management.
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