TUSTIN, Calif.--(BUSINESS WIRE)-- Wingspire Equipment Finance announced the closing of WEF 2026-1, its third equipment asset-backed securitization (ABS). Issuing a total of $407.07 million across six classes of notes, WEF 2026-1 is the company’s largest ABS issuance to date.The senior notes received AAA ratings from Fitch Ratings and Kroll Bond Rating Agency, the highest grade each agency can assign.The transaction was more than 5x oversubscribed, drawing substantial investor interest.
WEF 2026-1 is backed by a portfolio of equipment lease and loan contracts with an aggregate securitization value of approximately $438.18 million as of the August 31, 2026, initial cutoff date.The portfolio includes 211 contracts across 63 obligors.
“Three ABS transactions in three years, each larger than the last, demonstrate the scale and execution Wingspire Equipment Finance brings to the market,” said Eric Freeman, Chief Executive Officer of Wingspire Equipment Finance. “Our third ABS transaction gives us greater capacity to deliver on large opportunities and continue growing alongside the businesses we serve.”
WEF 2026-1 follows Wingspire Equipment Finance’s $201 million inaugural ABS issuance in 2024 and its second issuance, which raised more than $292 million in 2025. With each successive transaction, the company has increased the size of its ABS issuance while continuing to finance equipment across a broad range of capital-intensive industries.
The closing adds to a period of strong growth for Wingspire Equipment Finance. The company funded $701.3 million in volume for 2025, a 66% increase from 2024, and continues to expand its large-ticket equipment financing solutions for middle-market and private equity-backed companies.
About Wingspire Equipment Finance:
Wingspire Equipment Finance is a leading provider of large transaction equipment financing solutions, empowering middle-market and private equity-backed companies with flexible and innovative capital structures. With a focus on client success and industry expertise, Wingspire Equipment Finance provides strategic capital solutions that promote long-term success for its clients. Wingspire Equipment Finance is the equipment financing arm of Wingspire Capital, 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 $319 billion of assets under management as of June 30, 2026.
Loans made or arranged pursuant to a California Financing Law license.
Asset-backed securitization is a process where a financial institution pools together a group of assets—such as loans or receivables—and converts them into a security that can be sold to investors. This allows the original lender to raise funds quickly, while investors gain access to a stream of payments derived from the underlying assets. It’s similar to bundling multiple small income sources into a single investment, providing both liquidity for lenders and investment opportunities for others.
obligorsfinancial
Obligors are the people, companies, or entities legally required to fulfil a financial duty—most commonly to repay a loan, pay interest, or meet terms of a contract. Investors pay attention to obligors because their ability and willingness to meet those promises directly affects the safety and value of bonds, loans, or other investments; think of an obligor as the borrower whose creditworthiness determines how risky a loan is.
