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Wingspire Capital Provides $30 Million Revolver to Digital Media Solutions Amid Sale to Investor Group
March 17, 2025
Source: Wingspire Capital
ATLANTA – March 17, 2025 — Wingspire Capital is pleased to provide a $30 million revolver to Digital Media Solutions, Inc. The transaction was made in conjunction with Digital Media Solutions’ emergence from Chapter 11 bankruptcy reorganization and the completion of a court-supervised sale of substantially all of its assets to an investor group led by funds and accounts managed by BlackRock in addition to Bain Capital, Blackstone, and Abry Partners.
Proceeds from the senior secured financing provide additional liquidity and flexibility as Digital Media Solutions pursues strategic initiatives and growth plans with a stronger balance sheet and support of new owners.
Clearwater, Florida-based Digital Media Solutions is a leading marketplace for technology-enabled digital advertising solutions that connect high-intent consumers with businesses such as home and auto insurers, health insurers, and education providers for greater engagement and action on their buying journey.
“Wingspire Capital enjoyed working with the management team, new owners, and advisors to create a capital solution that positions Digital Media Solutions and its customers for a new era of growth and value creation,” said Will Bence, Managing Director at Wingspire Capital.
Houlihan Lokay Capital, Inc. served as the investment banker to Digital Media Solutions.
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, healthcare, 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 $250 billion of assets under management as of December 31, 2024. For further information about Wingspire Capital, visit www.wingspirecapital.com.