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Wingspire Capital Provides a $46 Million Credit Facility to Emcore for Add-On Acquisition

ATLANTA – Sept. 13, 2022 — Wingspire Capital LLC (“Wingspire”) is pleased to announce that it provided a $46 million senior secured credit facility to EMCORE Corporation (“EMCORE”) to facilitate EMCORE’s recent acquisition of the Inertial Navigation Systems and Fiber Optic Gyroscope business segment from KVH Industries. 

EMCORE (Nasdaq: EMKR) is now the world’s largest independent provider of inertial navigation to the aerospace and defense market, including FOGs (fiber optic gyroscopes), RLGs (ring laser gyroscopes), Quartz MEMS, and tactical navigation. The company also supplies defense optoelectronics, ultra high-speed broadband and advanced data center chips that power the cloud, optical sensors, CATV and fiber optic transmission systems, and lasers and components. 

“Our team worked closely with the senior leadership team at EMCORE and their advisors to structure a flexible and creative transaction which required certainty to close within a tight timeline,” said John Rosin, the President & COO of Wingspire.  

“We appreciated the attentive focus, expertise and the swift action that the entire Wingspire Capital team brought to this transaction,” said Jeff Rittichier, President and CEO of EMCORE, which is headquartered in Alhambra, California. 

Cowen served as financial advisor and Pillsbury Winthrop Shaw Pittman LLP served as legal advisor to EMCORE on the transaction. 

ABOUT WINGSPIRE CAPITAL  

Wingspire Capital is a middle market-focused, asset-oriented specialty finance firm that provides senior credit facilities to businesses across all industries. Our depth of experience across all debt products and industries enables our firm to be creative and flexible in our approach, and the lender of choice for companies across all stages of growth and complexity. The commitments for our credit facilities range in size from $20 to $200 million.  

Wingspire is a portfolio company of Owl Rock Capital Corporation (NYSE: ORCC), which is externally managed by Owl Rock Capital Advisors LLC, an SEC-registered investment adviser. Owl Rock is a division of Blue Owl Capital (NYSE: OWL), a global alternative asset manager with approximately $119.1 billion of assets under management as of June 30, 2022. For further information about Atlanta-based Wingspire, visit wingspirecapital.com.   

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Wingspire Equipment Finance is a portfolio company of Blue Owl Capital Corporation (NYSE: OBDC).

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Credit Tier A B C D
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Please note that the table of above is illustrative only and solely for the purpose of enabling you to estimate the credit tier of the customer. Anzu Capital Solutions’ financing partner will determine the credit tier of the customer once documentation is submitted.