Wingspire Equipment Finance announces its $20 million in funding for a “global plastic manufacturing company.” Said manufacturer provides advanced plastic manufacturing solutions to users in the consumer goods, consumer packaging, and medical industries. Additionally, the plastics specialist enables quicker time-to-market production through the utilisation of enhanced automation, moulding processes, and Industry 4.0 integration.
Wingspire Equipment Finance
Wingspire Equipment Finance announces $20M in funding for global plastic manufacturing company.
The Equipment Finance Agreement (EFA) finance structure allows for the acquisition of injection moulding machines. This will improve the company's production capabilities, enabling them to meet the growing customer demand.
Undergoing recapitalisation, the manufacturer and sponsor searched for a financial partner that could provide immediate funding and a structured CapEx Line to help with ongoing growth and manufacturing capabilities. Wingspire Equipment Finance will help the company scale its operations, fulfil contractual commitments, and expand its market share.
“Our client had a critical need for a lending partner who could execute on an aggressive timeline,” said Dale Schwartz, Senior Vice President at Wingspire Equipment Finance. “We delivered a streamlined documentation and funding process within a 30-day window, ensuring they could stay on track with their expansion and customer commitments.”