
Initial $20 Million Tranche Deployed as Company Positions for Aggressive Multi-Site Growth


Turner Mining Group today announced a major equipment financing relationship with Wingspire Equipment Finance, establishing a

<p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">Initial $20 Million Tranche Deployed as Company Positions for Aggressive Multi-Site Growth</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Turner Mining Group today announced a major equipment financing relationship with Wingspire Equipment Finance, establishing a structured capital facility of up to $150 million to support its expanding fleet and accelerate growth across North America. Wingspire Equipment Finance has deployed an initial $20 million tranche, the first of a planned series of releases. The remaining funds will be available to Turner Mining Group as new operations launch and the company scales its business.

</p><p xmlns="http://www.w3.org/1999/xhtml">
This announcement signals a significant vote of confidence in Turner Mining Group&#39;s operational platform and growth pipeline. Wingspire Equipment Finance is positioning itself as a long-term capital partner as Turner Mining Group pursues an increasingly active project portfolio across the mining and natural resources sectors.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The initial $20 million deployment supports Turner Mining Group's acquisition of a mobile mining fleet, including haul trucks, bulldozers, excavators, motor graders, and wheel loaders, which are currently operating under a multi-year mining contract at the GRP Pan Gold Mine in Nevada. Turner Mining Group elected to draw the first tranche now to support active operations, with additional draws from the facility anticipated in the coming months as new project sites ramp up and equipment needs grow.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The facility was structured and led by Conner Ingram, Vice President of Construction, Mining, and Energy at Wingspire Equipment Finance. The purpose-built capital solution gives Turner Mining Group on-demand access to capital as operational demand dictates, rather than requiring the company to secure new financing each time a new contract is awarded. The result is a flexible, scalable credit structure that keeps Turner Mining Group positioned to move quickly and decisively in a competitive market.

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#34;Currently, the mining and natural resources industries are experiencing a period of sustained capital inflows, robust infrastructure demand, and strong commodity fundamentals,&#34; said Conner Ingram from Wingspire Equipment Finance. &#34;Turner Mining Group has built an exceptional operational platform, and this facility ensures they have the capital access they need to keep pace with their growth, on their timeline, not the market&#39;s.&#34;

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#34;We are excited to partner with Wingspire Equipment Finance as we continue to invest in the heavy equipment needed to support our clients and our long-term growth,&#34; said Keaton Turner, President and Founder of Turner Mining Group. &#34;We drew the first $20 million to support our new mining fleet in Nevada, and as we continue to add new operations and new contracts in the months ahead, we have the capital infrastructure already in place to move fast and ramp up our customers' operations without delay. Wingspire Equipment Finance understands our business and has structured something that grows with us, and that kind of partnership is invaluable.&#34;

</p><p xmlns="http://www.w3.org/1999/xhtml">
With active operations across multiple project sites from Texas to Arizona, Idaho to Nevada, and across the United States, Turner Mining Group has established itself as a trusted contract mining partner to some of the industry&#39;s leading producers. The financing facility with Wingspire Equipment Finance enables Turner Mining Group to invest in equipment, expand its operational reach, and respond quickly to market opportunities.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Wingspire Equipment Finance:</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
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:<a class="ticker" href="https://www.benzinga.com/quote/OBDC">OBDC</a>). OBDC is externally managed by Blue Owl Credit Advisors LLC, an indirect affiliate of Blue Owl Capital, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/OWL">OWL</a>). Blue Owl Capital, Inc. is a global alternative asset manager with $307 billion of assets under management as of December 31, 2025.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Turner Mining Group:</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Turner Mining Group is a full-service contract mining company operating across North America, providing mining services, equipment, and operational expertise to some of the continent&#39;s leading mining producers. Founded by Keaton Turner, the company has built a reputation for operational excellence, safety, and the ability to rapidly deploy and manage large fleets of heavy mining equipment across complex, multi-year contracts.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260414754476r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260414754476/en/" rel="nofollow">https://www.businesswire.com/news/home/20260414754476/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
For media inquiries, please contact:
<br xmlns="http://www.w3.org/1999/xhtml"></br>Media Relations
<br xmlns="http://www.w3.org/1999/xhtml"></br>844.816.9420
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:pressinfo@wingspirecapital.com" shape="rect">pressinfo@wingspirecapital.com</a>

</p>

OBDC

Turner Mining Group Secures Up to $150 Million in Equipment Financing Facility with Wingspire Equipment Finance to Power Expansion

Turner Mining Group Secures $150 Million Financing for Expansion

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Initial $20 Million Tranche Deployed as Company Positions for Aggressive Multi-Site Growth


Turner Mining Group today announced a major equipment financing relationship with Wingspire Equipment Finance, establishing a</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Turner Mining Group has announced a strategic financing partnership with Wingspire Equipment Finance, receiving an initial $20 million from a larger $150 million facility. This funding will accelerate expansion and enhance operational capabilities across multiple mining sites, indicating robust growth potential in the sector that could positively influence OBDC&#039;s valuation.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Turner Mining Group secures $150 million in financing for fleet expansion.</li><li>Initial $20 million tranche supports mining operations in Nevada.</li><li>Confidence in Turner Mining Group&#039;s growth signals strong market presence.</li><li>Flexible financing allows rapid equipment acquisition for new projects.</li><li>Wingspire Equipment Finance partners for long-term operational growth.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Turner Mining Group (N/A)</strong>: Growth and operational expansion have positive implications for OBDC.</li><li><strong>Wingspire Equipment Finance (N/A)</strong>: Partnering with Turner Mining solidifies its role in the capital markets.</li><li><strong>Blue Owl Capital (OWL)</strong>: Strong asset management could enhance OBDC&#039;s market positioning.</li><li><strong>OBDC (OBDC)</strong>: Financing trends in mining may favor OBDC&#039;s performance.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news falls under &#039;Corporate Developments&#039; as it showcases the financing relationship between Turner Mining and Wingspire, indicating strategic growth in the mining sector, which may positively affect OBDC through increased client demand.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Turner Mining&#039;s successful financing enhances its operational agility.</li><li>Increased capital access could boost Turner Mining&#039;s contract wins.</li><li>Positive market sentiment toward mining and resource companies could lift OBDC.</li><li>Potential expansion in Turner Mining&#039;s operations may raise demand for OBDC&#039;s financing.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Wingspire Equipment Finance to provide up to $150 million financing.</li><li>First tranche of $20 million already deployed.</li><li>Turner Mining Group operates across multiple states in North America.</li><li>Wingspire is a key player in equipment financing for mining.</li><li>OBDC is managed by Blue Owl Capital with $307 billion AUM.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider buying OBDC as Turner Mining’s growth may enhance OBDC’s prospects in the long-term.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">Initial $20 Million Tranche Deployed as Company Positions for Aggressive Multi-Site Growth</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Turner Mining Group today announced a major equipment financing relationship with Wingspire Equipment Finance, establishing a structured capital facility of up to $150 million to support its expanding fleet and accelerate growth across North America. Wingspire Equipment Finance has deployed an initial $20 million tranche, the first of a planned series of releases. The remaining funds will be available to Turner Mining Group as new operations launch and the company scales its business.

</p><p xmlns="http://www.w3.org/1999/xhtml">
This announcement signals a significant vote of confidence in Turner Mining Group&#39;s operational platform and growth pipeline. Wingspire Equipment Finance is positioning itself as a long-term capital partner as Turner Mining Group pursues an increasingly active project portfolio across the mining and natural resources sectors.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The initial $20 million deployment supports Turner Mining Group's acquisition of a mobile mining fleet, including haul trucks, bulldozers, excavators, motor graders, and wheel loaders, which are currently operating under a multi-year mining contract at the GRP Pan Gold Mine in Nevada. Turner Mining Group elected to draw the first tranche now to support active operations, with additional draws from the facility anticipated in the coming months as new project sites ramp up and equipment needs grow.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The facility was structured and led by Conner Ingram, Vice President of Construction, Mining, and Energy at Wingspire Equipment Finance. The purpose-built capital solution gives Turner Mining Group on-demand access to capital as operational demand dictates, rather than requiring the company to secure new financing each time a new contract is awarded. The result is a flexible, scalable credit structure that keeps Turner Mining Group positioned to move quickly and decisively in a competitive market.

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#34;Currently, the mining and natural resources industries are experiencing a period of sustained capital inflows, robust infrastructure demand, and strong commodity fundamentals,&#34; said Conner Ingram from Wingspire Equipment Finance. &#34;Turner Mining Group has built an exceptional operational platform, and this facility ensures they have the capital access they need to keep pace with their growth, on their timeline, not the market&#39;s.&#34;

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#34;We are excited to partner with Wingspire Equipment Finance as we continue to invest in the heavy equipment needed to support our clients and our long-term growth,&#34; said Keaton Turner, President and Founder of Turner Mining Group. &#34;We drew the first $20 million to support our new mining fleet in Nevada, and as we continue to add new operations and new contracts in the months ahead, we have the capital infrastructure already in place to move fast and ramp up our customers' operations without delay. Wingspire Equipment Finance understands our business and has structured something that grows with us, and that kind of partnership is invaluable.&#34;

</p><p xmlns="http://www.w3.org/1999/xhtml">
With active operations across multiple project sites from Texas to Arizona, Idaho to Nevada, and across the United States, Turner Mining Group has established itself as a trusted contract mining partner to some of the industry&#39;s leading producers. The financing facility with Wingspire Equipment Finance enables Turner Mining Group to invest in equipment, expand its operational reach, and respond quickly to market opportunities.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Wingspire Equipment Finance:</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
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:<a class="ticker" href="https://www.benzinga.com/quote/OBDC">OBDC</a>). OBDC is externally managed by Blue Owl Credit Advisors LLC, an indirect affiliate of Blue Owl Capital, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/OWL">OWL</a>). Blue Owl Capital, Inc. is a global alternative asset manager with $307 billion of assets under management as of December 31, 2025.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Turner Mining Group:</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Turner Mining Group is a full-service contract mining company operating across North America, providing mining services, equipment, and operational expertise to some of the continent&#39;s leading mining producers. Founded by Keaton Turner, the company has built a reputation for operational excellence, safety, and the ability to rapidly deploy and manage large fleets of heavy mining equipment across complex, multi-year contracts.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260414754476r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260414754476/en/" rel="nofollow">https://www.businesswire.com/news/home/20260414754476/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
For media inquiries, please contact:
<br xmlns="http://www.w3.org/1999/xhtml"></br>Media Relations
<br xmlns="http://www.w3.org/1999/xhtml"></br>844.816.9420
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:pressinfo@wingspirecapital.com" shape="rect">pressinfo@wingspirecapital.com</a>

</p>

Turner Mining Group has announced a strategic financing partnership with Wingspire Equipment Finance, receiving an initial $20 million from a larger $150 million facility. This funding will accelerate expansion and enhance operational capabilities across multiple mining sites, indicating robust growth potential in the sector that could positively influence OBDC's valuation.

Turner Mining Group Secures Up to $150 Million in Equipment Financing Facility with Wingspire Equipment Finance to Power Expansion

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News