Wingspire Capital announced the closing of a $30 million revolving credit facility to SportPet Designs LLC, a designer, manufacturer and distributer of best-selling pet products sold through major retailers.
Proceeds will be used to refinance an existing credit facility and provide enhanced working capital flexibility.
SportPet is a leading provider of durable pet toys, beds, harnesses, leashes, and related products sold under brands including Kitty City, Mammoth, Harry Barker, Oodles, and Jupiter. The company also supplies white label products for its brick & mortar retailers and e-commerce customers.
“We enjoyed working with the SportPet management team, its advisors, and sponsor to provide a nimble and adaptable capital solution – one that gives SportPet the flexibility and reliability it needs to launch and sustain robust programs with major retailers,” said David Turco, Managing Director at Wingspire Capital.
SportPet is a portfolio company of Topspin Consumer Partners. Cedar Croft Consulting served as the advisor to SportPet on the transaction