Wingspire Capital Provides $75 Million Revolving Line of Credit to Signature Brands
March 18, 2024
Source: Wingspire Capital
ATLANTA – March 18, 2024 — Wingspire Capital provided a $75 million revolving line of credit to Signature Brands. The senior secured credit facility was used to refinance an existing debt facility and provide enhanced liquidity by tailoring the structure to the seasonality of the business.
Signature Brands is the leading manufacturer and distributor of dessert decorating products in North America, with a focus on seasonal confections and kits that are sold at major U.S. retailers. Signature Brands’ owned and licensed brands include Betty Crocker, Cake Mate, PAAS Easter, Pumpkin Masters, GiftPOP, and Brand Castle.
“Wingspire Capital worked diligently with Signature Brands to understand their business and successfully provide a capital solution that creates both enhanced liquidity and flexibility as the business executes on its long-term goals,” said Will Bence, Managing Director at Wingspire Capital.
Signature Brands is a portfolio company of Traub Capital Partners and was advised by Crown Partners on the refinancing.
ABOUT WINGSPIRE CAPITAL
Wingspire Capital offers one-stop solutions of up to $200 million for middle market companies, including revolving lines of credit, cash flow loans, fixed asset term loans, first-out term loans & revolvers, lender finance solutions, equipment leases, and sale leasebacks. Industries financed include business services, consumer products, e-commerce & retail, food & beverage, manufacturing, distribution, transportation & logistics, automotive, technology applications and financial services.
Wingspire Capital is a portfolio company of Blue Owl Capital Corporation (NYSE: OBDC). OBDC is externally managed by Blue Owl Credit Advisors LLC, an indirect affiliate of Blue Owl Capital, Inc. (NYSE: OWL). Blue Owl Capital, Inc. is a global alternative asset manager with $165 billion of assets under management as of December 31, 2023. For further information about Wingspire Capital, visit www.wingspirecapital.com.