Wingspire provides up to $150M facility to Turner Mining Group
Funding to support equipment acquisitions, North American expansion
Wingspire Equipment Finance established a credit facility of up to $150 million to support Turner Mining Group‘s fleet expansion and growth across North America.
Wingspire has already deployed an initial $20 million tranche, with additional funding expected to roll out as Turner launches new operations and scales its project portfolio, according to a Wingspire release today. The financing will support the acquisition of heavy equipment, including haul trucks, excavators and loaders currently operating at the Pan Gold Mine in Nevada.
The facility provides Turner with flexible, on-demand access to capital, allowing the company to quickly mobilize equipment for new contracts without securing separate financing for each project. Wingspire structured and led the agreement, positioning itself as a long-term capital partner.
The fourth annual Equipment Finance Connect, a crucial industry event for equipment lenders and dealers, takes place at the C. Baldwin Hotel in Houston May 18-19. Learn more about the event and register here.
