Wingspire Equipment Finance Closes $70 Million Sale-Leaseback to Support U.S. Expansion for Global Paper Manufacturer

Tustin, California, August 7th, 2025 – Wingspire Equipment Finance has completed a $70 million sale-leaseback finance structure in connection with two high-capacity paper machines for a leading U.S. manufacturer.  Proceeds from the financing will be used by the company to execute on its expansion plans, underscoring its foreign parent company’s commitment to increasing market share in the highly competitive U.S. market.  

The tissue paper manufacturer has also made a shift in CapEx planning by proactively working with domestic capital providers, as it has historically funded its operations through its parent company.  The sale-leaseback proved highly successful by delivering large proceeds, an extended term, and a compelling fixed rate.

“Our client has prioritized expansion and growth in production.  They are leveraging acquisitions and greenfield investments in the U.S. to strengthen their position in a rapidly evolving and consolidating industry. We were delighted to earn their trust to complete this large and strategically important transaction.  The proceeds will help fund another paper machine for the facility, already the largest and most automated in the parent company’s worldwide operations”, said Jeffrey Okano, Senior Vice President of Originations at Wingspire Equipment Finance.

Wingspire Equipment Finance continues to leverage its immense lending capacity to deliver large-scale capital solutions for its clients.  This is especially crucial in a landscape of economic uncertainty and tightening credit standards.

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For privately held companies without public debt, Anzu's financing partner will need the following:

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Credit Tier A B C D
Existing Credit Rating(s) Fitch A- and above
Moody’s A3 and above S&P A- and above
Fitch BBB+ to B-
Moody’s Baa1 to B3
S&P BBB+ to B-
Rated by Fitch,
Moody’s or S&P but below B tier
Rating provided only by other agencies (e.g. Egan-Jones, Kroll, etc)
Not rated by any external party
Publicly traded Yes, on major exchange
Market capitalization exceeds $1B
Yes, on major exchange
Market capitalization between $100M and $1B
Yes, on minor exchange No
How many employees does the customer have? 10,000+ 1,000+ 100+ Less than 100
Does the customer have a history of profitability? Yes Yes No No
Is the customer a US or Canadian government entity? Yes No No No

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.