Wingspire Equipment Finance announced the successful funding of over $20 million for a global plastic manufacturing company. The Equipment Finance Agreement (EFA) finance structure enables the acquisition of injection molding machines, improving the company's production capabilities and meeting growing customer demand.

The manufacturer, backed by a prominent private equity sponsor, provides advanced plastic manufacturing solutions for the medical, consumer packaging, and consumer goods industries. The company delivers industry-leading quality and rapid time-to-market production with state-of-the-art automation, cutting-edge molding processes and Industry 4.0 integration.

At a crucial time when the business was undergoing a recapitalization, the manufacturer and its sponsor sought a financing partner capable of providing immediate funding and a structured CapEx Line to support ongoing growth and manufacturing capabilities. The financing from Wingspire Equipment Finance enables the company to scale its operations, fulfill 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."