Hilton Grand Vacations closed on an upsized $850 million revolving warehouse facility. The facility will accommodate both deeded and trust inventory including loans from legacy Bluegreen Vacations, which HGV acquired in January 2024. The facility...
Read Story
November 18, 2024, 07:38 AM
|
Tempur Sealy International has successfully closed on a senior secured Term Loan B facility in an aggregate principal amount of $1.6 billion (the "Term Loan B"). The Term Loan B will mature seven years after the date of closing. The Company also...
Read Story
October 28, 2024, 08:15 AM
|
Reynolds Consumer Products, a provider of household products, announced an amendment to its credit agreement that provides a new revolving credit facility through a syndicate of banks led by Wells Fargo. Wells Fargo acted as lead left arranger and...
Read Story
October 18, 2024, 08:10 AM
|
Wells Fargo named Elena M. Gallo as Government Banking Division Executive. Gallo, a 35-year financial services veteran, succeeds Mara Holley, who is retiring after leading Government Banking since 2015. Gallo is based in New York.Gallo has served as...
Read Story
October 09, 2024, 07:57 AM
|
The AZEK Company, a designer and manufacturer of sustainable outdoor living products, including TimberTech® decking and railing, Versatex® and AZEK Trim®, and StruXure® pergolas, entered into a new credit agreement with Wells Fargo Bank, as...
Read Story
September 30, 2024, 08:00 AM
|
Wells Fargo announced that Alexandra Barth has joined the Corporate & Investment Bank (CIB) as co-head of Leveraged Finance within the Banking division. She will co-lead the Leveraged Finance team with Trip Morris. She reports to Tim O’Hara, head of...
Read Story
July 10, 2024, 08:00 AM
|
Nabors Industries closed, on June 17, 2024, an amendment and restatement of its secured credit facility. The new $475 million facility is comprised of $350 million for revolving credit and $125 million for letters of credit. The facility matures on...
Read Story
June 20, 2024, 06:00 AM
|
Wells Fargo Capital Finance appointed two senior leaders responsible for asset-based lending Originations and Syndications, further reinforcing its focus on providing valuable advice and expertise for the company’s commercial clients who are...
Read Story
June 07, 2024, 08:00 AM
|
Wells Fargo & Company announced that Fernando Rivas has been named SEVP and Co-CEO of Corporate & Investment Banking (CIB), reporting to Wells Fargo CEO Charlie Scharf and joining the company’s Operating Committee, effective today. Rivas and Jon...
Read Story
May 09, 2024, 08:00 AM
|
Lumine Group, a global acquirer of communications and media software companies, entered into a revolving credit facility agreement with a syndicate of Canadian and US financial institutions to provide long-term financing to support the Company’s...
Read Story
March 21, 2024, 07:37 AM
|
Gambling.com Group Limited, a leading provider of player acquisition services for the regulated global online gambling industry, announced the closing of a new credit facility with Wells Fargo Bank in the principal amount of $50 million, comprised of...
Read Story
March 20, 2024, 07:50 AM
|
Progress, a provider of infrastructure software, entered into a Fourth Amended and Restated Credit Agreement, which provides a revolving credit facility in an aggregate principal amount of $900 million, and replaces the Company’s existing secured...
Read Story
March 08, 2024, 08:00 AM
|
Wells Fargo announced that Frederick O. Terrell will join the Corporate & Investment Bank (CIB) as vice chairman of Investment Banking on January 2, 2024. He will serve as a member of CIB’s senior leadership team delivering strategic and...
Read Story
December 15, 2023, 08:01 AM
|
Wells Fargo announced that Clay Hale has joined the Corporate & Investment Bank (CIB) as co-head of Equity Capital Markets (ECM) within the Banking division. He will co-lead the ECM team alongside Jill Ford, who joined the Company in September of...
Read Story
December 05, 2023, 08:00 AM
|
Six One Commodities (“61C”) successfully closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility. The Facility includes a $300 million accordion feature, bringing total capital available to $1 billion. The...
Read Story
November 29, 2023, 07:50 AM
|
Wells Fargo announced its formal plans to expand its Hudson Yards office footprint and create a better, more collaborative employee experience with the purchase of additional space at Hudson Yards. This transaction represents a significant investment...
Read Story
November 28, 2023, 07:40 AM
|
BizCap assisted Performant Financial, primarily operating under subsidiary Performant Healthcare Solutions in securing a $25MM credit facility. Performant, a leading provider of technology-enabled payment integrity, eligibility, and related analytics...
Read Story
November 07, 2023, 07:51 AM
|
Performant Financial Corporation, primarily operating as Performant Healthcare Solutions, completed a refinancing of its existing credit facility with a new credit facility with Wells Fargo that has a $25 million revolving loan commitment, subject to...
Read Story
November 02, 2023, 07:51 AM
|
BB Energy, a leading global independent energy trading company, has successfully renewed and expanded its senior secured borrowing base credit facility in the Americas. The Facility finances the company's working capital needs for inventory and...
Read Story
October 23, 2023, 08:26 AM
|
Graham Corporation, a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy, and process industries, successfully closed on a new, five-year $50 million...
Read Story
October 17, 2023, 07:50 AM
|
Centerbridge Partners and Wells Fargo & Company announced they are entering into a strategic relationship focused on direct lending to non-sponsor North American middle market companies. To meet the alternative credit needs of this segment...
Read Story
September 27, 2023, 08:15 AM
|
Wells Fargo announced that Thomas R. Nides will join the company in October as Vice Chairman, reporting to CEO Charlie Scharf and joining the company’s Operating Committee.As Vice Chairman, Tom will have a broad role across the company. He will be a...
Read Story
September 22, 2023, 08:05 AM
|
AP Equipment Financing finalized a $200 million credit facility from Wells Fargo. This strategic financial move comes as AP Equipment Financing is set to capitalize on increasing demand from customers and dealer partners alike.“We are thrilled to...
Read Story
September 15, 2023, 07:50 AM
|
Post Road Equipment Finance (PREF) increased its non-recourse senior warehouse facility to $700 million of aggregate commitments.The overall facility size was increased from $550 million to $700 million through the addition of Wells Fargo Bank as a...
Read Story
August 28, 2023, 07:37 AM
|
Tecta America completed its $210 million incremental First Lien Term Loan through joint lead arrangers Wells Fargo and RBC Capital Markets. Proceeds will be used to repay Tecta's existing Second Lien Term Loan, to pre-fund acquisitions under letters...
Read Story
August 28, 2023, 07:36 AM
|
Greenbacker Renewable Energy Company closed on a new warehouse financing facility in an initial aggregate principal amount of $75 million, with the potential to increase up to $250 million. Greenbacker will use the proceeds of the facility to support...
Read Story
August 21, 2023, 08:00 AM
|
Wells Fargo announced that Malcolm Price has joined the Corporate & Investment Bank (CIB) as head of Financial Sponsors. He will jointly report to Tim O’Hara, head of Banking, and Scott Warrender, head of Coverage in Banking. Price joins Wells Fargo...
Read Story
August 08, 2023, 08:07 AM
|
eCapital Corp. announced a $110 million increase to the syndicated bank facility supporting its asset-based lending (ABL) group. The upsize brings the total facility size to $570 million. Wells Fargo Bank acted as administrative agent for the lenders...
Read Story
August 01, 2023, 07:48 AM
|
Myriad Genetics, a leader in genetic testing and precision medicine, established a new $90 million asset-based credit facility with JPMorgan Chase Bank as administrative agent and issuing bank, and the other lender parties thereto consisting of Wells...
Read Story
July 07, 2023, 08:00 AM
|
Service Properties Trust entered into a new $650 million secured revolving credit facility. The maturity date of the new facility is June 29, 2027, and includes two six-month extensions at the borrower’s option. Interest paid on drawings under the...
Read Story
July 07, 2023, 07:55 AM
|
Mayville Engineering Company, a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end-markets, entered into an amended and restated Credit Agreement led by Wells Fargo Bank.Under the terms of the amended...
Read Story
June 30, 2023, 07:55 AM
|
The Eastern Company, an industrial manufacturer of unique engineered solutions serving commercial transportation, logistics, and other industrial markets, established of a new $90 million 5-year senior secured credit facility. The new facility...
Read Story
June 22, 2023, 07:45 AM
|
Merit Medical Systems, a leading global manufacturer and marketer of healthcare technology, entered into a new, five-year senior secured credit agreement. The credit agreement includes a revolving credit facility in an aggregate principal amount of...
Read Story
June 08, 2023, 07:47 AM
|
Hannon Armstrong Sustainable Infrastructure Capital (HASI), a leading investor in climate solutions, amended its revolving credit facility effective immediately, increasing the committed line under the revolving credit facility by $240 million to...
Read Story
June 02, 2023, 08:00 AM
|
Wells Fargo announced that Barry Simmons is the new head of National Sales for Wells Fargo Advisors.In this role, Simmons will lead Wells Fargo Advisors’ sales and business development team nationally, advisor recruiting across all channels, branch...
Read Story
June 02, 2023, 07:32 AM
|
Ryman Hospitality Properties, a leading lodging and hospitality real estate investment trust (“REIT”) that specializes in upscale convention center resorts and leading entertainment experiences, successfully completed a series of refinancing...
Read Story
May 19, 2023, 07:24 AM
|
Wells Fargo announced that Jeff Hogan has joined the Corporate & Investment Bank (CIB) as co-head of Global Mergers & Acquisitions (M&A) within the Banking division. He will co-lead the M&A team with David DeNunzio, who has led the business since he...
Read Story
May 09, 2023, 08:00 AM
|
Koppers Holdings, an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, closed a 7-year $400 million senior secured Term Loan B (TLB), which will bear interest, at the company's option, at adjusted...
Read Story
April 14, 2023, 07:49 AM
|
Wells Fargo announced that Mary Mack will retire from the company this summer and Saul Van Beurden, head of Technology at Wells Fargo, will succeed Mack as CEO of Consumer & Small Business Banking (CSBB), effective May 15. Van Beurden will continue...
Read Story
April 14, 2023, 07:42 AM
|
Wells Fargo Corporate & Investment Bank (CIB), announced that Rachel Goldin Jinich will lead Specialty Real Estate Finance (SREF) within its Commercial Real Estate (CRE) group and oversee all SREF teams, including Hospitality Finance, Seniors Housing...
Read Story
April 11, 2023, 07:52 AM
|
Canes Midstream, a Dallas-based midstream company, entered into an amendment to its credit facility, converting the existing two-part facility, revolver and term loan, into a single revolver, increasing its size to $415 million, and extending its...
Read Story
March 30, 2023, 07:44 AM
|
Entravision, a leading global advertising solutions, media and technology company, announced that on March 17, 2023 the Company entered into a new $275 million credit facility, consisting of a $200 million term loan A and a $75 million revolving...
Read Story
March 21, 2023, 07:51 AM
|
Excelerate Energy entered into an amended and restated senior secured credit agreement. Wells Fargo Bank is acting as administrative agent. Wells Fargo Securities along with Sumitomo Mitsui Banking Corporation, DNB Markets and Credit Agricole...
Read Story
March 21, 2023, 07:00 AM
|
Gibraltar Business Capital (“GBC”) secured an increased line of credit with Bank of America, building upon the partnership first announced in May 2021. While Bank of America remains the lead agent in the expanded senior line of credit financing...
Read Story
March 10, 2023, 07:54 AM
|
Lumine Group, a global acquirer of communications and media software companies, announced that its wholly-owned indirect subsidiary, WideOrbit Inc. (“WideOrbit”), has entered into a revolving financing facility with a syndicate of Canadian and U.S....
Read Story
March 06, 2023, 07:39 AM
|
Westrock Coffee Company, a leading integrated coffee, tea, flavors, extracts, and ingredients solutions provider to the retail, foodservice and restaurant, convenience store and travel center, non-commercial, CPG, and hospitality industries, closed...
Read Story
February 15, 2023, 07:00 AM
|
Portillo’s, the fast-casual restaurant concept known for its menu of Chicago-style favorites, successfully refinanced its existing credit facility with a new 5-year $300 million Term A Loan, resulting in a significant reduction in interest expense....
Read Story
February 07, 2023, 07:35 AM
|
eCapital increased its syndicated bank facility supporting its eCapital Asset Based Lending (ABL) division, including eCapital Healthcare. Wells Fargo Bank acted as the administrative agent for the lenders and, along with Regions Bank, were the joint...
Read Story
December 22, 2022, 07:29 AM
|
To facilitate the ongoing process to sell its businesses, DCL Corporation, a leading manufacturer and reseller of color pigments, announced that, on December 20, 2022, its United States based subsidiaries have filed voluntary petitions for a...
Read Story
December 22, 2022, 07:11 AM
|
Gibraltar Industries, a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, closed on a $400 million five-year revolving credit facility. The new facility replaces a...
Read Story
December 09, 2022, 08:08 AM
|
Wells Fargo has unveiled Vantage, a new digital banking platform for Commercial Banking and Corporate & Investment Banking clients. Previously known as the Commercial Electronic Office – or CEO Portal – Vantage offers enhanced features to drive a...
Read Story
December 06, 2022, 07:00 AM
|
Nautilus amended its existing credit facility by refinancing the previous term loan with a new $30 million term loan (“New Term Loan”), thereby increasing the Company’s total credit facility to $130 million. The credit facility previously consisted...
Read Story
December 01, 2022, 08:00 AM
|
William (Bill) J. Mayer, a senior finance industry executive responsible for generating billions of dollars in growth during his 33 years at Wells Fargo and GE Capital, has joined Tiger Group as Executive Managing Director. He will focus on business...
Read Story
November 02, 2022, 08:04 AM
|
Federal Signal Corporation, a leader in environmental and safety solutions, announced the completion of a new five-year $800 million credit facility, to replace its existing $500 million credit facility. The new facility is comprised of a $675...
Read Story
October 25, 2022, 07:53 AM
|
BWX Technologies closed on an amended and restated credit agreement with Wells Fargo Bank and other lenders that increases the company’s liquidity while improving a number of key terms for BWXT. The amended and restated credit agreement, among other...
Read Story
October 13, 2022, 07:08 AM
|
Six One Commodities closed a $745 million, one-year revolving borrowing base credit facility. The Facility was expanded from $540 million by its existing financial institutions, a globally diverse group of six European, North American, and Asian...
Read Story
September 29, 2022, 07:50 AM
|
good natured Products, a North American leader in plant-based products, completed a senior secured revolving credit facility with Wells Fargo Bank, through its wholly owned subsidiary Wells Fargo Capital Finance Corporation Canada, consisting of a...
Read Story
August 29, 2022, 08:00 AM
|
Broadwind completed a $35 million senior secured asset-based revolving loan facility and a $7.578 million senior secured term loan facility with Wells Fargo Bank as lender. The five year facilities mature on August 4, 2027 and replace the Company’s...
Read Story
August 09, 2022, 07:00 AM
|
Apogee Enterprises completed the amendment and extension of its senior unsecured credit facility. The agreement increases the company’s unsecured revolving credit facility to $385 million and provides for an uncommitted accordion feature allowing for...
Read Story
August 08, 2022, 07:00 AM
|
Wells Fargo announced Amrita Patel will lead Wells Fargo Equipment Finance (WFEF), which offers specialized financing for purchase, acquisition or leasing of assets pertaining to equipment, transportation and rental fleets, as well as comprehensive...
Read Story
August 02, 2022, 08:03 AM
|
Wells Fargo Commercial Banking announced that Tanner Phifer will lead Middle Market Asset-Based Lending (ABL) origination for the West region, which is part of the bank’s secured lending and leasing businesses. The Middle Market ABL originations team...
Read Story
July 28, 2022, 08:02 AM
|
McGrath RentCorp completed a $650 million credit facility with a syndicate of banks. The five year facility matures on July 15, 2027 and replaces the Company’s existing $420 million line of credit. BofA Securities served as Joint Lead Arranger and...
Read Story
July 20, 2022, 07:46 AM
|
Koppers, a wholly-owned subsidiary of Koppers Holdings Inc. ("Holdings"), entered into a Credit Agreement with Holdings, certain lenders and letter of credit issuers for an $800 million revolving credit facility, a $50 million swingline facility and...
Read Story
June 22, 2022, 07:09 AM
|
Goodnight Midstream, a leading midstream produced water infrastructure company, announced the completion of the sale of $325 million of Senior Notes in a private placement to EIG and Crestline Investors. Concurrent with the private placement...
Read Story
June 14, 2022, 07:37 AM
|
Castleton Commodities International LLC (CCI) closed a $2.2 billion borrowing base facility consisting of a $1 billion 1.5-year tranche and a $1.2 billion 2-year tranche. The facility also includes a $1 billion accordion, which remains available to...
Read Story
June 13, 2022, 06:00 AM
|
AMETEK completed an amended and restated Revolving Credit Facility increasing the size from $1.5 billion to $2.3 billion. The facility, previously due to expire in October 2023, now has a maturity date of May 2027. In conjunction with this expanded...
Read Story
May 16, 2022, 07:42 AM
|
Clarus Corporation, a global company focused on the outdoor and consumer enthusiast markets, amended and upsized its existing senior secured credit facility jointly led by JPMorgan Chase Bank and Bank of America, with U.S. Bank, Regions Bank, Wells...
Read Story
April 20, 2022, 07:45 AM
|
Wells Fargo announced that Tim O’Hara will join the Corporate & Investment Bank (CIB) on May 9, as head of Banking. In this role, Tim will lead corporate and investment banking origination and execution within CIB’s Banking Division, which is...
Read Story
April 19, 2022, 08:00 AM
|
Smith Micro Software announced that on March 31 2022, the Company entered into a secured revolving credit facility with Wells Fargo Bank. This revolving line of credit provides the Company with borrowings of up to $7.0 million that can be utilized to...
Read Story
April 06, 2022, 07:47 AM
|
Ares Capital Corporation increased commitments under its Revolving Credit Facility to approximately $4.8 billion and extended the final maturity date to March 31, 2027. The Facility is led by JP Morgan, Bank of America, Truist, MUFG Bank, Sumitomo...
Read Story
April 05, 2022, 08:07 AM
|
Diversified Healthcare Trust amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to January 2024. The key terms of the amendment include:
DHC has extended the maturity date of its...
Read Story
February 24, 2022, 07:11 AM
|
Tetra Tech, a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, established a $1 billion sustainability-linked credit facility.The credit facility increases the Company’s borrowing...
Read Story
February 23, 2022, 07:18 AM
|
Liquidity Services entered into a new credit facility with Wells Fargo Bank that provides revolving loans up to a maximum aggregate principal amount of $25,000,000 with a $10,000,000 sublimit for standby letters of credit. The Credit Agreement will...
Read Story
February 11, 2022, 07:55 AM
|
Wells Fargo & Company announced that Jessica Lupovici has been named head of Middle Market Banking’s East Region, part of Commercial Banking. Lupovici will join Wells Fargo in April and report to Kristin Lesher, executive vice president and head of...
Read Story
February 01, 2022, 08:08 AM
|
Progress entered into an amended secured credit facility in the aggregate amount of $575 million, including a $275 million senior secured term loan and a $300 million revolving line of credit. The credit facility may be incrementally expanded by an...
Read Story
January 28, 2022, 07:55 AM
|
Nabors Industries closed a secured $350 million revolving credit facility maturing on January 21, 2026. The new credit facility replaces the Company's 2018 Revolving Credit Facility, which would have matured on October 11, 2023. Institutions...
Read Story
January 24, 2022, 07:46 AM
|
Wells Fargo appointed Derek Flowers as the company’s Chief Risk Officer, effective immediately. Flowers will lead all aspects of Wells Fargo’s Independent Risk Management function, including compliance risk management. He will continue to serve as a...
Read Story
January 19, 2022, 08:03 AM
|
OSI Systems entered into an amendment to its senior secured credit facility that increases the aggregate amount available to borrow from $535 million to $750 million. The amended facility is comprised of a $600 million revolving credit facility and a...
Read Story
December 28, 2021, 07:45 AM
|
JCPenney paid off its $506 million take-back term loan on December 1, 2021. The Company used its strong existing liquidity position to reduce its debt and save interest as the business continues its transformation.The take-back term loan was held by...
Read Story
December 17, 2021, 07:52 AM
|
Resolute Forest Products announced a reset of the five-year maturity of its senior secured asset-based revolving credit facility ("ABL credit facility") with an aggregate lender commitment of up to $450 million at any time outstanding, subject to...
Read Story
December 16, 2021, 07:40 AM
|
Vmo Aircraft Leasing (“Vmo”), a global full-service aircraft lessor, announced the closing of a five-year senior secured warehouse facility with an initial committed amount of $600 million.Credit Suisse Securities (USA) and Natixis Corporate and...
Read Story
December 07, 2021, 07:03 AM
|
Eastman Chemical Company announced amendments to and extension of its $1.5 billion five-year unsecured revolving credit facility (the “Credit Agreement”). The amendments include extension of the term of the existing $1.5 billion unsecured revolving...
Read Story
December 06, 2021, 07:41 AM
|
Tupperware Brands successfully raised $880 million in a new secured credit facility in order to refinance its existing credit facilities. Highlights of the New Facility:
Lowers interest rate on term loans by over 6 percentage points
...
Read Story
November 24, 2021, 08:00 AM
|
Holley, the largest and fastest growing platform in the enthusiast branded performance automotive aftermarket category, announced the successful refinancing of its 2018 credit facility with a new $825 million credit facility. The new facility is...
Read Story
November 24, 2021, 07:03 AM
|
Wells Fargo announced that Mike Riley and Dan Thomas have been named co-heads of the Markets division of the Corporate & Investment Bank (CIB). Riley and Thomas will lead all of CIB’s markets-driven activities, including: Asset-Backed Finance...
Read Story
November 23, 2021, 08:05 AM
|
The Children’s Place, the largest pure-play children’s specialty apparel retailer in North America, announced the refinancing of its revolving credit facility and term loan by a new lending group led by an affiliate of Wells Fargo. The new debt...
Read Story
November 18, 2021, 08:07 AM
|
Nicholas Financial, an industry leading branch-based subprime auto lender focused on servicing the needs of the local independent dealer, announced that on November 5, 2021 the company entered into a senior secured credit facility pursuant to a loan...
Read Story
November 09, 2021, 07:45 AM
|
Wells Fargo announced the organizational structure for its Restaurant Finance banking team, a group that supports one of the industries most impacted by the pandemic. “Restaurant owners have faced unimaginable challenges over the past 18 months. We...
Read Story
November 08, 2021, 08:09 AM
|
GameStop entered into a new $500 million global asset-based revolving credit facility with a syndicate of banks. Wells Fargo Bank acted as Lead Arranger and will serve as Administrative Agent. The new five-year ABL Facility, which was oversubscribed...
Read Story
November 05, 2021, 07:55 AM
|
Wells Fargo Capital Finance provided a global hybrid asset-based and intellectual property facility to AllSaints and its subsidiary John Varvatos, two iconic international fashion brands.Acting as the sole lender, Wells Fargo Capital Finance provided...
Read Story
November 02, 2021, 07:48 AM
|
MarketWise, formerly known as Beacon Street Group, a leading multi-brand digital subscription services platform providing premium financial research, software, education, and tools for self-directed investors, announced that its direct subsidiary...
Read Story
November 01, 2021, 08:05 AM
|
Six One Commodities LLC (“61C”) successfully closed a $540 million one-year revolving borrowing base credit facility. The Facility was significantly oversubscribed with an initial launch of $450 million, including commitments received from a globally...
Read Story
October 28, 2021, 07:00 AM
|
Wells Fargo announced that 21-year company veteran Kristin Lesher will lead Middle Market Banking, effective immediately. She reports to Kyle Hranicky, CEO of Wells Fargo Commercial Banking.An industry leader in serving middle market companies, Wells...
Read Story
October 25, 2021, 08:00 AM
|
ePlus announced that its subsidiaries ePlus Technology, inc., ePlus Technology Services, inc. and SLAIT Consulting, LLC (collectively, the "Borrowers") recently amended, restated and replaced in their entirety their existing credit agreements with...
Read Story
October 20, 2021, 07:40 AM
|
Wells Fargo Corporate & Investment Bank (CIB), announced that it has appointed Vanessa Rodriguez to lead Community Lending and Investment (CLI) within its Commercial Real Estate (CRE) group. Wells Fargo’s CLI group is one of the top investors in...
Read Story
October 18, 2021, 07:00 AM
|
Helix Energy Solutions Group entered into a new $80 million asset-based revolving credit facility with a syndicated banking group. The ABL Facility replaces Helix's existing credit facility and term loan, which was concurrently repaid in full. Bank...
Read Story
October 01, 2021, 07:59 AM
|
Forum Energy Technologies entered into an amendment to its asset-based revolving credit facility. The key elements of the amendment include: (i) the maturity has been extended, subject to certain exceptions, to September 2026; (ii) the facility size...
Read Story
September 13, 2021, 07:45 AM
|
TNT Crane & Rigging closed on a $385 million asset-based lending revolving credit facility and a new $119 million 2nd lien term loan (the "2L Facility"). Proceeds from the ABL Facility and the 2L Facility will be used to repay all outstanding...
Read Story
September 09, 2021, 06:00 AM
|
Wells Fargo announced that Perry Pelos will retire from the company in April 2022 and that Kyle Hranicky, Head of Middle Market Banking, will succeed Perry as CEO of its Commercial Banking segment, effective immediately. Hranicky will report to CEO...
Read Story
September 07, 2021, 08:09 AM
|
Integer Holdings, a leading medical device outsource manufacturer, announced that as a result of its financial strength and favorable debt markets, the company has successfully raised $1 billion in Senior Secured Credit Facilities to refinance its...
Read Story
September 03, 2021, 07:08 AM
|
Wells Fargo announced that Talena Hooper has been named division executive to lead its Commercial Banking Great Plains division. Based in Kansas City, Hooper now oversees commercial banking operations across Arkansas, Iowa, Kansas, Missouri, and...
Read Story
August 31, 2021, 08:00 AM
|
Wells Fargo Commercial Capital provided an integrated working capital financing solution to Southwire Company, LLC, one of North America’s leading manufacturers of wire and cable.The capital structure provided by Wells Fargo includes a $1 billion...
Read Story
August 27, 2021, 07:41 AM
|
Rite Aid Corporation (NYSE: RAD) entered into an amendment to its senior secured credit agreement, which, after giving effect to the amendment, consists of a $2.8 billion senior secured asset-based revolving credit facility and a $350 million...
Read Story
August 24, 2021, 08:00 AM
|
Wells Fargo announced that Clarence Nunn joined this summer as head of Diverse Segments for Wells Fargo Wealth & Investment Management (WIM). This important role supports Wells Fargo’s elevated focus on expanding its commitment to diversity, equity...
Read Story
August 24, 2021, 07:34 AM
|
Wells Fargo announced that Paul Camp has been named head of Global Treasury Management. Most recently CEO of Treasury Services at BNY Mellon, he will join the company in November, and will dually report to Perry Pelos, CEO of Wells Fargo Commercial...
Read Story
August 20, 2021, 07:32 AM
|
L.B. Foster Company, a leading provider of products and services for the rail industry and solutions to support critical infrastructure projects, announced that on August 13, 2021, it entered into a Fourth Amended and Restated Credit Agreement to...
Read Story
August 17, 2021, 07:41 AM
|
Chase Corporation entered into a new amended and restated credit agreement with Bank of America, as administrative agent, and with participation from Wells Fargo Bank, PNC Bank and JPMorgan Chase Bank.The new credit agreement was entered into to...
Read Story
August 13, 2021, 07:13 AM
|
Wells Fargo announced that Charles H. Noski will retire as chairman and a member of Wells Fargo’s Board of Directors. Noski has stepped down as chairman, and he will remain as a director until he retires on Sept. 30, 2021, to facilitate the...
Read Story
August 10, 2021, 08:00 AM
|
BlueLinx Holdings, a leading U.S. wholesale distributor of building products, entered into an amendment to its $600 million Senior Secured Revolving Credit Agreement to, among other things, extend the maturity date of the facility from October 10...
Read Story
August 04, 2021, 07:35 AM
|
Wells Fargo announced that John Tyers joined the company on July 30 as head of the Independent Advisor group at Wells Fargo Advisors. He will report to Jim Hays, head of Wells Fargo Advisors. In this role, Tyers will oversee theleaders and businesses...
Read Story
August 02, 2021, 07:27 AM
|
Wells Fargo announced that Cesar Gonzalez has been named head of operations for Commercial Banking. He will join the company on Aug. 30, 2021, and will dually report to Perry Pelos, CEO of Wells Fargo Commercial Banking, and Lester Owens, head of...
Read Story
July 27, 2021, 08:08 AM
|
Wells Fargo's Corporate & Investment Bank (CIB), appointed Nipul Patel to lead Real Estate Banking (REB) within its Commercial Real Estate (CRE) group, effective July 15. In this role, Patel will oversee balance sheet lending for office, multifamily...
Read Story
July 12, 2021, 07:00 AM
|
Olympic Steel, a leading national metals service center, amended and extended the maturity of its existing $475 million, five-year asset-based revolving credit facility through June 16, 2026. Bank of America is the Administrative Agent and Joint Lead...
Read Story
June 17, 2021, 07:10 AM
|
Wells Fargo announced that Ruth Jacks has been named head of Data and Transformation for Commercial Banking. She joined the company June 14 and reports to Perry Pelos, head of Commercial Banking.In this newly created leadership role, Jacks is...
Read Story
June 17, 2021, 07:00 AM
|
Growve received $175 million in funding from multiple syndication partners to fuel further acquisitions of omnichannel natural wellness & body care brands. The successful and oversubscribed closing of this new credit facility follows Growve's...
Read Story
June 01, 2021, 08:15 AM
|
Wells Fargo Bank provided a new and expanded credit facility to Natural Alternatives International. This new credit facility replaces the previous facility and increases our borrowing capacity from $10 million to $20 million and allows us to use the...
Read Story
May 28, 2021, 07:31 AM
|
Hilco Global's commercial-industrial team has acquired all of the assets of Sutton Leasing, a large fleet leasing company based in Sterling Heights Michigan, in a multi-million-dollar transaction which closed on May 7, 2021. The Hilco Commercial...
Read Story
May 26, 2021, 08:10 AM
|
Wells Fargo named Cynthia Caine to head the Commercial Auto group. A 30-year financial services veteran, Caine most recently led the Diversified Industries group within Distribution Finance.“Cynthia is well-known for her strong client relationships...
Read Story
May 10, 2021, 06:00 AM
|
Farmer Bros. Co. finalized a new $ 127.5 million, four-year financing arrangement, which includes an $80.0 million asset-backed revolving credit facility and $47.5 million term loan due April 2025. This arrangement replaces its existing revolving...
Read Story
April 28, 2021, 07:40 AM
|
After recently completing its fourth utility-scale wind project, Scout Clean Energy, a Colorado based renewable energy developer, owner, and operator, established a $50 million letter of credit facility. The facility will primarily be used to provide...
Read Story
April 27, 2021, 07:30 AM
|
R.R. Donnelley & Sons completed an amendment to the credit agreement for its senior secured asset-based revolving credit facility with Bank of America, JPMorgan Chase Bank, PNC Bank, and Wells Fargo Bank, acting as joint lead arrangers and joint book...
Read Story
April 20, 2021, 08:03 AM
|
American Homes 4 Rent successfully closed a $1.25 billion, sustainability-linked revolving credit facility, amending its existing $800 million revolving credit facility. The amended revolving credit facility provides for expanded borrowing capacity...
Read Story
April 19, 2021, 07:00 AM
|
TTEC Holdings amended its credit facility by exercising its accordion feature to increase the total commitments by $300 million to $1.2 billion. Incremental commitments were provided by a syndicate of banks arranged by Wells Fargo, including Bank of...
Read Story
March 30, 2021, 06:00 AM
|
Wells Fargo entered into a definitive agreement to sell its Corporate Trust Services (CTS) business to Computershare. The transaction is expected to close in the second half of 2021, subject to customary closing conditions. Under the terms of the...
Read Story
March 24, 2021, 07:42 AM
|
Wells Fargo announced that Reetika Grewal has been named head of Digital for Commercial Banking and Corporate & Investment Banking. She will join the company in late April and report to Ather Williams III, head of Strategy, Digital, and Innovation....
Read Story
March 18, 2021, 07:35 AM
|
SmartStop Self Storage REIT entered into a multi-currency credit facility of up to $500 million with a syndicate of banks led by KeyBank National Association, Wells Fargo, N.A., Citibank, N.A. and Bank of Montreal. The facility consists of a $250...
Read Story
March 18, 2021, 07:30 AM
|
Wells Fargo released the results of its 45th annual Construction Industry Forecast, revealing an initial decline in sector sentiment on the tail end of a complicated year, and a renewed optimism for the second half. In November 2020, the bank queried...
Read Story
March 17, 2021, 07:20 AM
|
XPO Logistics announced the refinancing of $2.0 billion of existing term loan facilities to, among other things, reduce the applicable interest rate.The existing $1.5 billion term B facility, which bore interest at a rate of LIBOR plus 2.00%, and the...
Read Story
March 08, 2021, 06:00 AM
|
Wells Fargo has entered into a definitive agreement to sell Wells Fargo Asset Management (WFAM) to GTCR LLC and Reverence Capital Partners, L.P. This sale includes Wells Fargo Bank N.A.’s business of acting as trustee to its collective investment...
Read Story
February 23, 2021, 08:20 AM
|
InfuSystem Holdings secured a new $75 million revolving credit facility with JPMorgan Chase Bank, acting as the lead arranger with a syndicate of financial banking institutions that include Wells Fargo Bank, N.A., PNC Financial Services Group, Inc....
Read Story
February 12, 2021, 07:45 AM
|
Oil States International entered into a new $125 million asset-based revolving credit agreement with Wells Fargo Bank as the administrative agent. In addition to Wells Fargo, lenders under the Credit Agreement include Bank of America, JPMorgan Chase...
Read Story
February 11, 2021, 05:00 AM
|
Wells Fargo Bank closed a $10 million revolving credit facility for Qumu Corporation, a leading provider of cloud-based enterprise video technology for organizations of all sizes. The revolving credit facility availability is determined by recurring...
Read Story
January 21, 2021, 08:05 AM
|
The Toronto-Dominion Bank (TD) and Wells Fargo & Company announced a definitive agreement, subject to certain closing conditions, for TD to acquire Wells Fargo's Canadian Direct Equipment Finance business.The acquisition of Wells Fargo's Canadian...
Read Story
January 15, 2021, 08:17 AM
|
On December 31, 2020, SunOpta Inc. entered into a five-year credit agreement for a senior secured asset-based revolving credit facility in the maximum aggregate principal amount of $250 million, subject to borrowing base capacity. In addition, as...
Read Story
January 11, 2021, 06:00 AM
|
The E.W. Scripps Company and Black Diamond Capital Management LLC have closed Scripps' acquisition of ION Media Networks Inc.The transaction was financed with $800 million in term loans, $550 million of secured notes and $500 million of unsecured...
Read Story
January 08, 2021, 08:00 AM
|
Tuesday Morning and certain of its subsidiaries announced that it has successfully completed its financial and operational reorganization and emerged from Chapter 11.Tuesday Morning is supported by a $110 million asset-backed lending facility...
Read Story
January 05, 2021, 08:21 AM
|
Wells Fargo Corporate & Investment Banking, a division of Wells Fargo & Company, announced that Sandeep Sharma has joined its Technology, Media and Telecom (TMT) group as a managing director focused on IT Services, Business Process Outsourcing...
Read Story
December 11, 2020, 08:00 AM
|
Wells Fargo has appointed Eric Yoss as Chief Risk Officer (CRO) for Corporate & Investment Banking (CIB), reporting to enterprise CRO Mandy Norton. Yoss will join the company on February 1. His appointment completes the leadership team for the...
Read Story
December 09, 2020, 08:30 AM
|
Lannett Company, Inc. announced the closing of a $30 million asset-backed revolving credit facility with Wells Fargo Bank, National Association."Completing this transaction enhances our financial flexibility, supports our ability to invest in growth...
Read Story
December 08, 2020, 08:50 AM
|
Tilly’s, Inc., a leading destination specialty retailer of casual apparel, footwear and accessories, announced that it has established a new $65.0 million asset-backed credit facility with Wells Fargo Bank, N.A.The ABL Facility is a three-year, $65.0...
Read Story
November 11, 2020, 08:59 AM
|
Wells Fargo announced that Kleber Santos will join the company on Nov. 9 as head of the newly created Diverse Segments, Representation and Inclusion group, elevating the company’s internal and external diversity efforts. He will report to CEO Charlie...
Read Story
November 03, 2020, 08:15 AM
|
Business Development Corporation of America refinanced the $575.0 million syndicated revolving credit facility that it had entered into through a wholly-owned, consolidated special purpose financing subsidiary, BDCA Funding I, LLC ("Funding I"), with...
Read Story
September 04, 2020, 08:45 AM
|
Jason Industries announced that the United States Bankruptcy Court for the Southern District of New York has confirmed the Company’s Plan of Reorganization, clearing the way for Jason to successfully complete its Chapter 11 financial restructuring...
Read Story
August 27, 2020, 08:42 AM
|
Pennsylvania Real Estate Investment Trust (PREIT) announced that it has executed a Secured Term Loan with certain of its existing lenders for up to $30 million, which is in addition to recently executed amendments to its 7-Year Term Loan and 2018...
Read Story
August 12, 2020, 08:00 AM
|
Wells Fargo & Company announced that Mike Santomassimo will join the company in fall 2020 as Chief Financial Officer. Santomassimo will report to CEO Charlie Scharf and serve on the company’s Operating Committee. He will succeed John Shrewsberry, who...
Read Story
July 21, 2020, 09:18 AM
|
Foot Locker, Inc. and certain of its domestic subsidiaries entered into an amended credit agreement with Wells Fargo Bank, National Association, serving as agent, letter of credit issuer, and swing line lender, which governs the Company’s secured...
Read Story
July 17, 2020, 08:00 AM
|
Salem Media Group, Inc., entered into Amendment Number Three, dated as of April 7, 2020, of the Credit Agreement, as amended (the "Credit Agreement"), with Wells Fargo Bank, N.A., as administrative agent for each member of the Lender Group and the...
Read Story
April 13, 2020, 09:20 AM
|
BWX Technologies, Inc. announced that it has entered into an amendment to its May 24, 2018 credit agreement with Wells Fargo Bank, N.A. and other lenders that increases its borrowing capacity while delivering lower rates for the company.The amendment...
Read Story
March 26, 2020, 09:00 AM
|
Earthstone Energy, Inc. announced it entered into a new credit agreement with respect to its senior secured revolving credit facility. The New Credit Facility has a maturity date of November 21, 2024 with a maximum credit amount of $1.5 billion and...
Read Story
November 22, 2019, 08:45 AM
|
Siena Lending Group LLC, an asset-based lending company, announced an increase in its senior credit facility with Wells Fargo Bank, N.A. to $312.5 million.Earlier this year, Siena announced their acquisition by Business Development Corporation of...
Read Story
November 06, 2019, 08:45 AM
|
Wells Fargo Strategic Capital, a division of Wells Fargo & Company, announced Dr. Rodney Altman as the newest managing director in its Healthcare Group, effective immediately. Altman, also a part-time physician at Stanford University Medical Center...
Read Story
October 24, 2019, 09:05 AM
|
Wells Fargo Corporate & Investment Banking, a division of Wells Fargo & Company (NYSE: WFC), announced today that Cristiano Lima and Dan Nash have joined its Technology, Media & Telecom coverage group as managing directors. Lima, who is based in New...
Read Story
October 24, 2019, 08:36 AM
|
DAVITA INC., a Fortune 500 health care provider focused on transforming care delivery to improve quality of life for patients around the globe and the largest provider of kidney care services in the U.S., announced today that it has entered into a...
Read Story
August 19, 2019, 08:55 AM
|
Cameron Ashley Building Products, a portfolio company of Los Angeles-based private investment firm Pacific Avenue Capital Partners, LLC, announced that it has entered into a $100 million asset-backed revolving credit facility. The Revolving ABL...
Read Story
April 12, 2019, 08:50 AM
|
Xylem Inc., a leading global water technology company dedicated to solving the world’s most challenging water issues, has announced execution of its new $800 million Senior Unsecured Revolving Credit Facility. With this transaction, Xylem has...
Read Story
March 05, 2019, 10:03 AM
|
Wells Fargo & Company announced that Maria Teresa Tejada has been named the company’s chief strategic enterprise risk officer. Tejada will join the company’s Risk organization reporting directly to Chief Risk Officer Mandy Norton. She begins her new...
Read Story
March 05, 2019, 08:30 AM
|
Business Development Corporation of America, through a wholly-owned, consolidated special purpose financing subsidiary, BDCA Funding I, LLC, entered into an amendment to its revolving credit facility with the company, as the servicer, Wells Fargo...
Read Story
December 27, 2018, 08:00 AM
|
Rite Aid Corporation announced that it has entered into a new senior secured credit agreement, consisting of a $2.7 billion senior secured asset-based revolving credit facility and a $450 million “first-in, last out” senior secured term loan facility...
Read Story
December 21, 2018, 09:03 AM
|
Kadant Inc. announced that on December 14, 2018 it amended its existing credit agreement ("Credit Agreement") to increase its committed borrowing capacity under its revolving credit facility to $400 million, increase its uncommitted incremental...
Read Story
December 21, 2018, 07:10 AM
|
Exterran Corporation announced that the Company closed on its $700 million, five-year revolving credit facility extension. According to an SEC filing, Wells Fargo Bank served as administrative agent to the financing. David Barta, Exterran's Chief...
Read Story
October 11, 2018, 07:29 AM
|
Wells Fargo Capital Finance completed a $20 million credit facility for EVOTEK Inc., a leading IT solutions provider. The credit facility will support EVOTEK’s growth, as the company continues to meet unprecedented demand for its services, which...
Read Story
August 16, 2018, 08:10 AM
|
Model N, Inc. and certain of its subsidiaries entered into a Credit Agreement by and among the Company, Wells Fargo Bank, National Association, as Administrative Agent,, and the lenders party thereto, pursuant to which the Lenders extended a term...
Read Story
May 10, 2018, 07:08 AM
|
Wells Fargo announced that 17-year banking veteran Whitney Wall has joined its South Texas Middle Market Banking leadership team as a senior vice president and regional manager. Based in The Woodlands, Texas, Wall replaces longtime market leader Brad...
Read Story
May 03, 2018, 07:14 AM
|
Washington Real Estate Investment Trust entered into an Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the financial institutions party thereto as lenders and agents, which provides for...
Read Story
March 30, 2018, 07:22 AM
|
The Bon-Ton Stores, Inc. announced that it has entered into forbearance agreements with its ABL Credit Agreement lenders and an ad hoc group of holders of approximately 75% in aggregate principal amount of the Company's 8.0% Second Lien Secured Notes...
Read Story
January 17, 2018, 07:44 AM
|
Pharmaceutical Research Associates, Inc., a Virginia corporation (PRA) and a wholly-owned subsidiary of PRA Health Sciences, Inc., entered into a First Amendment and Second Joinder Agreement to the Credit Agreement, dated as of December 6, 2016 with...
Read Story
January 02, 2018, 07:00 AM
|
Entravision Communications Corporation, a diversified media company serving Latino audiences and communities, announced it has entered into a new $300 million secured bank credit facility. The New Facility replaces the company's existing senior...
Read Story
December 01, 2017, 07:31 AM
|
Opus Bank announced that Ray Lopez has joined Opus as Director, Fiduciary Banking. Lopez, a 16-year banking veteran, is focused on expanding Opus’ West Coast client base of fiduciary and corporate financial services companies.Balaji Krishna, EVP...
Read Story
November 14, 2017, 07:14 AM
|
Andrea Petro, launched Lender Finance in 2000, to retire after 30 years in asset-based lending industry.Wells Fargo Capital Finance, part of Wells Fargo & Company, named Cyndi Giles head of its Lender Finance Group effective November 29th. In her...
Read Story
November 08, 2017, 08:00 AM
|
Wells Fargo Middle Market Banking announced that it has named 30-year banking veteran Terri Bethel to lead its Southern Ohio teams as regional vice president.Bethel oversees a team of experienced commercial lending professionals with offices in...
Read Story
October 31, 2017, 07:23 AM
|
The Brink's Company announced the closing of a $1.5 billion credit facility that includes a $1.0 billion senior secured revolving credit facility and a $500 million senior secured term loan A. Loans under the revolver and term loan mature in 2022 and...
Read Story
October 23, 2017, 07:20 AM
|
Crawford & Company®, an independent provider of claims management solutions to insurance companies and self-insured entities, announced the execution of a new five-year, $450 million senior secured revolving credit facility with a syndicate of banks...
Read Story
October 13, 2017, 07:42 AM
|
NeoPhotonics Corporation entered into a Credit Agreement with Wells Fargo Bank as administrative agent and the lenders party thereto.The Credit Agreement provides for a $50 million revolving credit facility, $30 million of which was drawn at closing....
Read Story
September 12, 2017, 07:15 AM
|
MGP Ingredients, Inc., a supplier of premium distilled spirits and specialty wheat proteins and starches, announced it has completed a new $150 million revolving credit facility agreement with Wells Fargo Bank, N.A. and entered into a $20 million...
Read Story
August 24, 2017, 07:16 AM
|
City National Bank announced that John R. Randall has joined the company as its chief credit officer and a member of its Executive Committee. He is based at City National Plaza, the company’s headquarters in downtown Los Angeles, and reports to...
Read Story
August 18, 2017, 07:30 AM
|
AquaVenture Holdings Limited, a provider of Water-as-a-Service™ (WAAS) solutions, announced that it has entered into a $150.0 million senior secured credit agreement with Deutsche Bank AG as the arranger and lender, and Wells Fargo Bank as the...
Read Story
August 07, 2017, 07:00 AM
|
Owens & Minor, Inc., a provider of healthcare logistics services, entered into a Credit Agreement by and among Owens & Minor Distribution, Inc., Owens & Minor Medical, Inc., Barista Acquisition I, LLC and Barista Acquisition II, LLC, and Wells Fargo...
Read Story
July 31, 2017, 07:04 AM
|
Perficient, Inc. entered into a credit agreement dated as of June 9, 2017, by and among the company, as borrower, Wells Fargo Bank, National Association, as administrative agent and the other lenders parties thereto. The credit agreement replaces...
Read Story
June 13, 2017, 07:43 AM
|
Ciber, Inc., a global information technology consulting, services and outsourcing company, announced that it and certain U.S. subsidiaries filed voluntary petitions seeking relief under Chapter 11 of the United States Bankruptcy Code in the United...
Read Story
April 10, 2017, 07:22 AM
|
Retail footwear giant Payless ShoeSource filed a voluntary petition for reorganization pursuant to Chapter 11 of the U.S. Federal Bankruptcy Code on April 4.The company’s North American entities, as well as two foreign Hong Kong-based entities...
Read Story
April 05, 2017, 07:14 AM
|
Atrion Corporation, a developer and manufacturer of products used primarily for medical applications, entered into a credit agreement with Wells Fargo Bank, National Association, as lender. The credit agreement provides for a $75 million revolving...
Read Story
March 06, 2017, 07:50 AM
|
United Road Towing, Inc. announced that it has commenced a process to restructure its balance sheet and position the company for the future. To facilitate this restructuring, the Company, URT Holdings, Inc. and certain of their subsidiaries have...
Read Story
February 17, 2017, 07:55 AM
|
Boston Scientific Corporation entered into a Second Amended and Restated Credit and Security Agreement by and among Boston Scientific Funding LLC (the “Borrower”), Wells Fargo Bank, National Association and Sumitomo Mitsui Banking Corporation, New...
Read Story
February 13, 2017, 07:00 AM
|
Vanguard Natural Resources, LLC (VNR) (together with its wholly owned subsidiaries, collectively, "Vanguard" or the "Company") announced that the Company has voluntarily filed petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the U...
Read Story
February 02, 2017, 07:00 AM
|
Southcross Energy Partners, L.P. announced that it has secured an amendment to its revolving credit agreement. The amendment provides for a full two-year suspension of leverage covenants in the credit agreement through 2018. The amendment also...
Read Story
January 05, 2017, 07:20 AM
|
Basic Energy Services, Inc. announced earlier this month that the Company and its affiliated chapter 11 debtors obtained court approval of their prepackaged restructuring and recapitalization plan (the "Prepackaged Plan"), which received near...
Read Story
December 23, 2016, 07:14 AM
|
Innophos Holdings announced that it has entered into a new senior secured credit facility with a group of bank lenders, increasing the company's borrowing capacity by $125 million to $450 million, while reducing interest rates for the next five years...
Read Story
December 23, 2016, 07:03 AM
|
OSI Systems announced that it has entered into an amendment to its senior secured credit facility that increases the amount available from $450 million to $525 million. The amendment also lowers borrowing costs, extends the maturity from May 2019 to...
Read Story
December 22, 2016, 08:10 AM
|
Wells Fargo announced that it has named James Schmeltekopf to head the four-state Southern Division of Middle Market Banking, effective immediately. Schmeltekopf succeeds Monica Cole, who was promoted to North Region Head in October.As executive vice...
Read Story
December 20, 2016, 07:16 AM
|
A. M. Castle & Co., a global distributor of specialty metal and supply chain solutions, announced the execution and closing of a definitive agreement for new $112 million secured term credit facilities (the "Credit Facilities").As previously...
Read Story
December 12, 2016, 07:48 AM
|
Small business owners are the most optimistic they have been since January 2008, according to the latest Wells Fargo/Gallup Small Business Index, conducted Nov. 11-17.In the quarterly small business survey, which measures the optimism of small...
Read Story
December 09, 2016, 08:00 AM
|
UCI International, LLC announced the United States Bankruptcy Court for the District of Delaware confirmed its plan of reorganization. The confirmation order marks a key milestone in the 6 month reorganization process and positions the Company for...
Read Story
December 07, 2016, 07:42 AM
|
Wells Fargo announced that it has tapped John Ritacco as an executive advisor for Middle Market Banking in greater New York.Ritacco, retired president and chief executive officer of the former CMS Bancorp, Inc., which was recently acquired by PCSB...
Read Story
December 05, 2016, 07:31 AM
|
As a result of continued growth and increased demand for asset-based lending, Bibby Financial Services (BFS) announces the addition of Jim Vargo as Senior Vice President of Business Development. Vargo will lead the Asset Based Lending (ABL) division...
Read Story
November 16, 2016, 07:41 AM
|
Erickson Incorporated, a leading global provider of aviation services, announced today that it and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy...
Read Story
November 10, 2016, 07:48 AM
|
BlueLinx Holdings Inc., a leading distributor of building and industrial products in North America, announced an extension of the maturity of its revolving credit agreement with a syndicate of banks led by Wells Fargo Bank, National Association....
Read Story
November 04, 2016, 07:18 AM
|
Wells Fargo & Company announced Monica Cole has succeeded Laura Oberst to head Middle Market Banking for the North Region. Oberst was tapped in September to lead the company’s Business Banking Group.Cole has led the Southern Division of Wells Fargo...
Read Story
November 01, 2016, 07:27 AM
|
Alliance One has entered into an ABL credit agreement with certain bank lenders establishing a senior secured revolving asset-based lending facility (the "ABL Facility") of $60.0 million subject to a borrowing base composed of its eligible accounts...
Read Story
October 17, 2016, 07:44 AM
|
Reliance Steel & Aluminum Co. announced that on September 30, 2016 it entered into a new credit agreement comprised of a $1.5 billion unsecured revolving credit facility and a $600 million unsecured term loan. The new credit agreement, which has a...
Read Story
October 03, 2016, 07:35 AM
|
International Speedway Corporation has amended and extended its $300 million revolving credit facility provided by multiple lenders. The amendment extends the final maturity of the facility from November 2017 to September 2021. The Facility can...
Read Story
September 29, 2016, 07:36 AM
|
Wells Fargo & Company announced that Laura Oberst will succeed Hugh Long as head of its Business Banking Group (BBG), effective immediately. Long will retire at year-end. Business Banking serves more than 100,000 U.S. businesses with annual sales...
Read Story
September 06, 2016, 07:53 AM
|
Halcón Resources Corporation, and certain of its subsidiaries, announced that they had filed voluntary petitions under chapter 11 of the Bankruptcy Code to pursue a pre-packaged plan of reorganization in accordance with its previously announced...
Read Story
July 29, 2016, 08:27 AM
|
Patrick Industries reported its financial results for the second quarter and six months ended June 26, 2016. The company also announced that it expanded its existing credit facility to $360 million. On July 26, 2016, the company amended its...
Read Story
July 29, 2016, 07:49 AM
|
Global Brass and Copper Holdings, Inc. announced, that on July 18, 2016, it refinanced its debt structure by retiring its senior secured notes and entering into new asset-based revolving credit and long term debt (the “Term Loan B Credit Agreement”)...
Read Story
July 25, 2016, 08:04 AM
|
According to an 8-K SEC filing, Baker Hughes entered into a new credit agreement among the company, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, Citibank, N.A., as syndication agent, and other agents and lenders. Other agents and...
Read Story
July 15, 2016, 07:11 AM
|
Ares Commercial Real Estate Corporation entered into an agreement with Wells Fargo Bank to increase the size of its existing financing facility from $225 million to $325 million. In addition, the initial maturity of the facility was extended to...
Read Story
July 11, 2016, 07:41 AM
|
L.B. Foster Company has amended its revolving credit facility agreement maturing in March 2020 that decreases the size of the facility and increases the maximum leverage ratio until the first quarter of 2018 when it returns to its original terms and...
Read Story
July 05, 2016, 07:45 AM
|
Wingstop Inc., an award-winning wing restaurant concept with more than 900 locations worldwide, announced it has closed on a new $180 million senior secured debt facility and that its board of directors has declared a special cash dividend of $2.90...
Read Story
July 01, 2016, 08:04 AM
|
On June 27, 2016, Best Buy Co., Inc. entered into a $1.25 billion five-year senior unsecured revolving credit facility agreement with JPMorgan Chase Bank, N.A as administrative agent, and a syndicate of banks. The five-year facility agreement will...
Read Story
July 01, 2016, 07:36 AM
|
Skullcandy, Inc., which creates world-class audio experiences through its Skullcandy® and Astro Gaming® brands, and Incipio LLC, a leading global consumer technology solutions platform, jointly announced today that they have entered into a definitive...
Read Story
June 27, 2016, 07:50 AM
|
Aerojet Rocketdyne Holdings, Inc. announced a major refinancing that will provide it with greater financial flexibility to execute its long-term strategic agenda and substantially reduce the company’s interest expense. Bank of America Merrill Lynch...
Read Story
June 21, 2016, 07:50 AM
|
Group 1 Automotive, Inc., an international, Fortune 500 automotive retailer, today announced that it has completed a $1.8 billion five-year revolving syndicated credit facility with 24 financial institutions that will expire in June 2021 and can be...
Read Story
June 20, 2016, 07:48 AM
|
Sprott Asset Management announced that Ramesh Kashyap has joined the firm as senior vice president of Sprott’s Alternative Income Group. Kashyap will enhance Sprott’s due diligence and oversight capabilities and help maintain the firm’s commitment to...
Read Story
May 27, 2016, 07:30 AM
|
Cambrex Corporation closed a new $500 million senior secured revolving credit facility (the “Credit Facility”), replacing the previous $250 million facility.“I am very pleased to announce this important transaction, which not only lowers our...
Read Story
May 23, 2016, 07:39 AM
|
Breitburn Energy Partners LP announced that it and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York...
Read Story
May 16, 2016, 07:39 AM
|
Drew Industries Incorporated, a leading supplier of components for the recreational vehicle and adjacent industries, announced the successful refinancing of its revolving credit facility. The new five-year $200 million revolving credit facility...
Read Story
April 29, 2016, 08:10 AM
|
VOXX International Corporation has successfully completed the refinancing of its global revolving credit facility. The company has entered into an amended and restated $140.0 million facility, with a $15.0 million sublimit for letters of credit, and...
Read Story
April 29, 2016, 07:54 AM
|
PacSun announced that it and all of its subsidiaries have entered into a restructuring support agreement (the "RSA") with affiliates of Golden Gate Capital, the holder of its secured term loan provider under the Company's financing facilities. In...
Read Story
April 07, 2016, 08:04 AM
|
McGrath RentCorp, a diversified business-to-business rental company, has renewed its $420 million credit facility with a syndicate of banks. The five year facility matures on March 31, 2021 and replaces the company’s existing $420 million line of...
Read Story
April 06, 2016, 07:45 AM
|
Wells Fargo announced that Thomas (Tom) DuCharme has been named the new head of its Global Banking division. In his role, DuCharme will manage the sales and product development for Wells Fargo’s Global Banking operations. He is based in New York and...
Read Story
March 18, 2016, 08:06 AM
|
Harte-Hanks, a leader in developing customer relationships, experiences and defining interaction-led marketing, has entered into a new credit agreement and is taking actions designed to enhance the company's financial flexibility.The company closed a...
Read Story
March 14, 2016, 08:02 AM
|
Industrial Services of America, Inc., a company that buys, processes and markets ferrous and non-ferrous metals and other recyclable commodities and buys, dismantles and sells used auto parts, announced the closing of a new two-year revolving line of...
Read Story
March 03, 2016, 07:51 AM
|
Comfort Systems USA, Inc., a leading provider of mechanical services including heating, ventilation, air conditioning, plumbing, piping and controls, announced that it has amended its existing senior debt facility to increase the credit commitment...
Read Story
February 24, 2016, 07:35 AM
|
Rifco National Auto Finance Corporation, subsidiary of Rifco Inc. has extended its $100 million bank line of credit from the Wells Fargo lead banking syndicate.The facility will now be a three-year committed facility with a maturity date of Feb 17...
Read Story
February 19, 2016, 07:53 AM
|
SunOpta Inc., a leading global company focused on organic, non-genetically modified and specialty foods, entered into a new five-year credit agreement for a senior secured asset-based revolving credit facility in the maximum aggregate principal...
Read Story
February 12, 2016, 07:51 AM
|
Popeyes Louisiana Kitchen, Inc., the franchisor and operator of Popeyes® restaurants, announced the completion of a new, five-year $250 million revolving credit facility on January 22, 2016. At closing, the stated interest under the new facility is...
Read Story
January 26, 2016, 07:06 AM
|
Wells Fargo & Company announced its Board of Directors has named 28-year company veteran Timothy J. Sloan to be president and chief operating officer, reporting to Chairman and Chief Executive Officer John G. Stumpf, effective immediately.Since 2014...
Read Story
November 18, 2015, 07:46 AM
|
Reflecting continued growth and consistent with the strategic initiatives announced previously by the bank, Bank Leumi USA (Leumi) announced that Shawn McGowen has been appointed as Executive Vice President and Head of Commercial Banking, replacing...
Read Story
September 22, 2015, 07:31 AM
|
Regional Management Corp., a diversified specialty consumer finance company, has amended and restated its senior revolving credit facility agreement, receiving an increase in the committed line under the credit facility to $538 million from its...
Read Story
September 21, 2015, 07:38 AM
|
Crown Media Holdings announced today the closing of its new $425 million senior secured credit facilities with, among other financial institutions, Wells Fargo Bank, National Association, in its capacity as administrative agent, consisting of (i) a...
Read Story
June 26, 2015, 07:21 AM
|
Wells Fargo & Company has promoted Greg O’Brien to division manager of its recently established Wells Fargo Commercial Banking New England Division. Anchored in Boston, the New England Division plans to open several new offices throughout the...
Read Story
May 05, 2015, 07:29 AM
|
Reuters reported that General Electric is in early-stage talks with Wells Fargo & Co about selling its entire $74 billion U.S. commercial lending and leasing (CLL) portfolio to the bank, according to a source familiar with the situation.According to...
Read Story
April 21, 2015, 07:06 AM
|
Furmanite Corporation announced an expansion and extension of its subsidiaries’ syndicated credit facility with new administrative agent Wells Fargo Bank, N.A. Under the amendment, which was effective March 13, 2015, the revolving credit line...
Read Story
March 20, 2015, 07:26 AM
|
Stein Mart, Inc. announced that it has entered into a second amended and restated credit agreement with Wells Fargo Bank that will mature in February 2020 and a master loan agreement with Wells Fargo Equipment Finance, Inc. The Credit Facilities...
Read Story
February 05, 2015, 07:24 AM
|
Spurred by rapid growth of the life sciences supercluster in Boston, Wells Fargo announced the expansion of its Commercial Banking capabilities to serve life sciences companies. The company has named Katherine Andersen, a 15-year finance veteran of...
Read Story
January 28, 2015, 07:59 AM
|
Barrett Business Services, Inc., a leading provider of business management solutions, has finalized its agreement for its new credit facility with Wells Fargo, its principal bank. The principal terms of the facility are unchanged since BBSI reached...
Read Story
December 31, 2014, 07:00 AM
|
Wells Fargo said that New York City will serve as its new Eastern Region hub for Commercial Banking. John P. Manning, a 26-year financial services veteran and Wells Fargo executive vice president, will lead the continued expansion of the company’s...
Read Story
December 24, 2014, 08:03 AM
|
Kforce Inc., a provider of professional staffing services and solutions, has entered into a Third Amendment to its current credit facility with a syndicate of banks led by Bank of America and also including Wells Fargo, JPMorgan Chase and BMO Harris...
Read Story
December 24, 2014, 07:13 AM
|
Superior Industries International announced that it has successfully closed a $100 million senior secured revolving credit facility. As previously announced, Superior entered into a commitment letter with J.P. Morgan Securities LLC (the “Lead...
Read Story
December 23, 2014, 07:44 AM
|
Celadon Group, Inc. has increased its credit facility to $300 million and reset the term on its five-year, revolving credit facility agented by Bank of America. The facility will continue to be used to provide for ongoing working capital needs and...
Read Story
December 18, 2014, 07:47 AM
|
Finacity Corporation has facilitated the successful increase of an existing trade receivables securitization for The Manitowoc Company, Inc. The $185 million transaction now incorporates two new divisions. Wells Fargo Bank provided funding for the...
Read Story
December 17, 2014, 07:42 AM
|
Streamline Health Solutions, Inc. announced it has finalized the terms of a new credit facility with Wells Fargo Bank N.A. The new facility consists of a fixed rate $10 million senior term loan with an interest rate of approximately 6.5% and a $5...
Read Story
November 25, 2014, 07:41 AM
|
Patrick Industries, Inc. has completed the acquisition of the business and certain assets of Bremen, Indiana-based Charleston Corporation ("Charleston"). Charleston is a manufacturer of fiberglass and plastic components primarily used in the...
Read Story
November 11, 2014, 07:33 AM
|
Sensient Technologies Corporation has completed a new $450 million revolving credit facility, with nine banks participating in the transaction. The facility, comprised of a five year, $350 million revolver and a $100 million term loan will be used to...
Read Story
October 27, 2014, 07:42 AM
|
Pebblebrook Hotel Trust has successfully amended and restated its senior unsecured revolving credit facility. The amended credit facility has been increased to $600 million and is composed of a $300 million unsecured revolving credit facility, an...
Read Story
October 20, 2014, 07:26 AM
|
Eagle Rock Energy Partners, L.P. has amended its five-year senior secured credit facility originally entered into on June 22, 2011 with a syndicate of banks led by Wells Fargo, N.A. as administrative agent, and Bank of America, N.A. and Royal Bank of...
Read Story
October 15, 2014, 06:40 AM
|
ALCO Stores, Inc. announced that the company and its subsidiary, ALCO Holdings, Limited Liability Company, filed on October 12, 2014 voluntary petitions for relief in the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division...
Read Story
October 14, 2014, 08:04 AM
|
KMG Chemicals, Inc. a global provider of specialty chemicals in select markets, announced that it has replaced its existing credit facility with Wells Fargo Bank, N.A. and Bank of America, N.A., and entered into a new revolving credit facility with...
Read Story
October 10, 2014, 07:13 AM
|
Capital One Bank announced the appointment of Ronald Pagoto as Director, Business Development Officer for Capital One Business Credit, a unit of the Commercial and Specialty Finance group. In this new role, Pagoto is responsible for business...
Read Story
October 08, 2014, 07:48 AM
|
Cache, Inc., a U.S. based multi-channel specialty retailer of women's apparel and accessories, announced that it has entered into a new, three year, $30 million revolving credit facility with Salus Capital Partners, LLC. The new facility replaces the...
Read Story
September 24, 2014, 07:58 AM
|
American Midstream Partners, LP announced today the execution of an amended and restated credit facility to increase the borrowing capacity to $500 million, with the option to further increase the borrowing capacity to $700 million, and to extend the...
Read Story
September 09, 2014, 07:03 AM
|
Canyon Midstream Partners, LLC ("Canyon") announced it has secured a four-year, $50 million credit facility, which can be expanded to $100 million. Proceeds from the credit facility will fund Canyon's expansion plans in the Permian Basin, the...
Read Story
September 05, 2014, 07:54 AM
|
Staffing 360 Solutions, Inc. announced an increase of its credit facility up to $15 million with Wells Fargo Bank N.A. The amended credit facility expands a previously existing facility with Wells Fargo Bank and the company's subsidiary, Monroe...
Read Story
August 12, 2014, 07:42 AM
|
Alta Mesa Holdings, L.P. announced that its lenders have completed a redetermination of the Company's borrowing base. Pursuant to the terms of the reserve-based revolving line of credit facility, the borrowing base has been increased by the lenders...
Read Story
August 11, 2014, 05:59 AM
|
Watsco, Inc. has refinanced its existing unsecured revolving credit agreement led by JPMorgan Chase Bank as Administrative Agent, Bank of America and Wells Fargo Bank as Co-Syndication Agents and U.S. Bank National Association as Documentation...
Read Story
June 30, 2014, 07:15 AM
|
Olin Corporation announced has entered into new $415 million five-year senior credit facilities consisting of a revolving credit facility that replaces its $265 million senior revolving credit facility and a delayed-draw term loan facility that will...
Read Story
June 26, 2014, 07:14 AM
|
Firestone Financial Corp. a leader in equipment financing, signed a $225 million, multi-year revolving credit facility at the end of last year; this is an increase from the prior facility of $125 Million. The bank group is led by RBS Citizens, N.A....
Read Story
June 02, 2014, 07:48 AM
|
On May 14, 2014, J. C. Penney Corporation, Inc., a wholly-owned subsidiary of J. C. Penney Company, Inc. entered into a commitment letter, with Wells Fargo Securities, LLC, Wells Fargo Bank, National Association, Bank of America, N.A., Merrill Lynch...
Read Story
May 20, 2014, 07:36 AM
|
Layne Christensen Company has signed a new five-year $135 million senior secured asset-backed revolving credit facility (the "ABL Facility") with PNC Bank National Association as Administrative Agent, Co-collateral Agent and Lender; Wells Fargo Bank...
Read Story
April 16, 2014, 07:51 AM
|
Wells Fargo & Company announced today that Timothy J. Sloan, the company’s current chief financial officer and a senior executive vice president, will become head of the Wholesale Banking group, effective May 15, 2014. He will succeed David A. Hoyt...
Read Story
April 02, 2014, 07:27 AM
|
Nuverra Environmental Solutions, a leading provider of full-cycle environmental solutions to energy and industrial end-markets, announced today that it has revised its existing Revolving Credit Facility (the “Revised Facility”) to increase the...
Read Story
March 20, 2014, 07:41 AM
|
Wells Fargo & Company has provided a £75 million ($102.9 million USD) line of credit to Legal & General Property (LGP), one of Europe’s largest institutional asset managers and a major global investor, for its second UK Property Income Fund...
Read Story
March 12, 2014, 07:13 AM
|
Cantel Medical has entered into an amended and restated credit facility which established new terms under its revolving credit facility with its existing bank group led by Bank of America, N.A., and including Wells Fargo Bank, N.A. and PNC Bank...
Read Story
March 06, 2014, 07:22 AM
|
Essex Rental Corp. announced that it entered into an amendment to its Coast Crane credit agreement. The modification to the credit agreement provides Essex with greater flexibility to capitalize on opportunities to increase revenues associated with...
Read Story
February 27, 2014, 07:13 AM
|
New Enterprise Stone & Lime Co., Inc. announced that it has refinanced its credit facility with a new revolving credit facility and new term loans providing up to $175 million of available borrowing capacity. The new borrowings consist of a Revolving...
Read Story
February 18, 2014, 07:42 AM
|
Starwood Property Trust, Inc. announced that it has amended its existing credit facility with Wells Fargo Bank, National Association to increase available borrowings under the facility by $450 million to $1.0 billion. The facility, which the Company...
Read Story
January 31, 2014, 07:43 AM
|
Cloud Peak Energy Resources LLC. entered into a Commitment Letter, dated January 17, 2014 , with Morgan Stanley Senior Funding, Inc., PNC Bank, National Association, Wells Fargo Bank, N.A., JPMorgan Chase Bank, N.A., Credit Suisse AG, Cayman Islands...
Read Story
January 20, 2014, 07:12 AM
|
Fiesta Restaurant Group, Inc. has entered into a new senior secured credit facility with a new syndicate of lenders led by Wells Fargo Bank, National Association, as administrative agent and a lender, and JPMorgan Chase Bank, N.A., as syndication...
Read Story
December 12, 2013, 07:26 AM
|
Ruby Tuesday entered into a four-year revolving credit agreement under which the company may borrow up to $50.0 million with the option, subject to certain conditions, to increase the facility by up to $35.0 million. The Senior Credit Facility...
Read Story
December 11, 2013, 11:04 AM
|
HEICO Corporation increased its $670 million revolving credit facility to an aggregate potential future capacity of $1 billion and that it also extended the facility by an additional year until December 2018. Under the amendment, $800 million of the...
Read Story
November 26, 2013, 11:10 AM
|
A bankruptcy judge cleared creditors of Michigan honey supplier Groeb Farms Inc. to vote on the company's restructuring plan, which would see it emerge from Chapter 11 protection under the ownership of a private equity firm.At a court hearing Friday...
Read Story
November 12, 2013, 07:17 AM
|
Golub Capital BDC, Inc., a business development company, today announced that its wholly owned subsidiary, Golub Capital BDC Funding LLC ("Funding"), increased the size of its senior secured revolving credit facility from $100 million to $250 million...
Read Story
November 05, 2013, 07:51 AM
|
RigNet, Inc. entered into a Second Amendment and Restated Credit Agreement with Bank of America, N.A, as administrative agent, and the lenders party thereto. The amendment provides for a $60.0 million term loan facility and a $125.0 million revolving...
Read Story
October 09, 2013, 07:49 AM
|
Rotech Healthcare Inc. announced it has successfully completed its financial restructuring and has emerged from Chapter 11 protection. Rotech noted in a press release that it has obtained $358 million in exit financing $358 million from Wells Fargo...
Read Story
September 30, 2013, 07:21 AM
|
Jamba Juice Company announced that the company has increased its credit agreement with Wells Fargo Bank, National Association to $15 million. The amended credit agreement with Wells Fargo Bank expires on June 30, 2016."We are pleased to continue our...
Read Story
July 25, 2013, 07:13 AM
|
American Vanguard Corporation announced that its wholly owned subsidiary, Amvac Chemical Corporation, as borrower, and affiliates (including American Vanguard), as borrowers/guarantors, have entered into an amended and restated credit facility which...
Read Story
June 19, 2013, 07:32 AM
|
Erickson Air-Crane, a leading global provider of aviation services to a diverse mix of commercial and government customers and the vertical manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane, entered into a...
Read Story
May 03, 2013, 08:03 AM
|
TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank (“TCF Bank”) announces the hiring of Dan Delgadillo as vice president. He joins TCF Capital Funding with over ten years of broad...
Read Story
April 30, 2013, 07:28 AM
|
NewStar Financial announced that it has formed a new managed credit fund, NewStar Arlington Fund LLC (the "Fund" or "Arlington"), in partnership with an institutional investor to co-invest in middle market commercial loans originated by NewStar. The...
Read Story
April 09, 2013, 07:46 AM
|
OpenTable entered into a credit agreement (the “Credit Agreement”) with Wells Fargo Bank (the “Lender”). The Credit Agreement provides for a senior secured revolving credit facility of $50 million (the “Revolving Facility”), for working capital and...
Read Story
January 17, 2013, 10:09 AM
|
THQ Inc, a developer and publisher of interactive entertainment software, announced that it entered into an Asset Purchase Agreement with a “stalking horse bidder,” affiliates of Clearlake Capital Group, to acquire substantially all of the assets of...
Read Story
December 20, 2012, 08:09 AM
|