Wingspire provides $150M credit facility to APR Energy
Funds slated for capital expenditures, equipment refurbishment
Wingspire Capital has issued a $150 million revolving credit facility to power generation solutions provider APR Energy.
APR Energy will use the funding for capital expenditures, equipment maintenance and refurbishment while enhancing liquidity and supporting its growth, according to a Wingspire release today.
APR Energy operates one of the world’s largest mobile gas turbine fleets, with 850 megawatts of capacity. The company delivers temporary and permanent power solutions to critical sectors, including utility providers and data centers, often deploying large-scale mobile power within weeks.
“Wingspire Capital is delighted to provide a creative and flexible capital solution to APR Energy as they provide creative and flexible power generation solutions for their customers,” Ryan Jones, managing director at Wingspire Capital, stated in the release.
The deal comes a little more than a month after Wingspire loaned $20 million to a global aviation services firm.
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