Wingspire and Stonebriar launch equipment contract securitizations

Wingspire Equipment Finance and Stonebriar Commercial Finance are launching separate securitizations to bring equipment contract payments to bond investors.

Wingspire Equipment Finance has raised $407.07 million through its WEF 2026-1 transaction, marking its third and largest asset-backed securitization to date. The issuance consists of six classes of notes, with senior notes receiving AAA ratings from Fitch Ratings and Kroll Bond Rating Agency. The pool is backed by 211 contracts across 63 borrowers, with a securitization value of approximately $438.18 million. Wingspire, an equipment financing arm of Wingspire Capital and a portfolio company of Blue Owl Capital Corporation, reported that investor demand exceeded available securities by more than five times.

Stonebriar Commercial Finance is also conducting an equipment-backed securities transaction, SCF 2026-1, which is its 15th such deal. The pool features an initial discounted contract balance of approximately $957.87 million across 96 contracts and 47 borrowers. The collateral covers various industries, including energy, mining, marine, manufacturing, and real estate. While the public summaries for both companies do not specify the exact amount of collateral tied to AI computing, Wingspire recently announced $140 million in financing for high-density GPU servers for a private equity-backed cloud provider.