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...
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June 07, 2024, 08:00 AM
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Mountain Ridge Capital ("MRC") and Alpine Ridge Funding ("ARF"), independent asset-based lending and factoring companies backed by Arena Investors closed a $110 million senior credit facility from Wells Fargo Capital Finance. The facility will...
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April 24, 2024, 08:02 AM
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Targeted Lending succesfully closed a $50 million credit facility with Wells Fargo Capital Finance.“The relationship with Wells Fargo supports Targeted Lending’s commitment to providing crucial liquidity to small businesses, particularly at a time...
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January 25, 2024, 07:57 AM
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Legacy Corporate Lending announced the closing of a $100 million senior credit facility from Wells Fargo Capital Finance. The facility will support Legacy’s continued growth in serving the middle market ABL space.“Wells Fargo is pleased to provide...
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October 24, 2023, 08:15 AM
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Siena Lending Group announced an increase to its senior credit facility with Wells Fargo Capital Finance to $672.5 million to support its continued growth. Siena is a leading independent asset based lending business, supporting middle market...
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February 01, 2023, 07:52 AM
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MidCap Business Credit increased its senior credit facility with Wells Fargo Capital Finance to $200 million. This upsize will enable MidCap to support the growth of its existing asset-based lending business and support the launch of its equipment...
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April 12, 2022, 07:24 AM
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Siena Lending Group increased its senior credit facility with Wells Fargo Capital Finance to $575 million. This upsize will enable Siena to continue its growth following a historic year where they closed over $565 million in facilities across 20...
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March 23, 2022, 08:03 AM
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Gibraltar Business Capital has bolstered its team of senior-level credit and asset-based lending professionals with the addition of Jeff Stanek as Executive Vice President. With a proven record of developing and managing strong and diverse portfolio...
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November 17, 2021, 08:00 AM
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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...
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November 02, 2021, 07:48 AM
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Medsphere Systems Corporation, the leading provider of affordable and interoperable healthcare IT platform solutions, announced that Wells Fargo has extended a $50 million credit facility that will enable Medsphere to continue its current growth...
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October 28, 2021, 07:44 AM
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Renewable Energy Group extended and increased its line of credit with Wells Fargo Capital Finance, Fifth Third Bank, and Bank of America to a maximum of $250 million. This is a five-year extension through September 2026 of the company’s existing line...
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October 05, 2021, 07:39 AM
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Gibraltar Business Capital announced that Jim Marasco, a widely respected senior executive leader with an extensive tenure at Wells Fargo Capital Finance, has been appointed to its Board of Directors. Jim has deep expertise in all aspects of secured...
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September 28, 2021, 07:36 AM
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Drips, the founders of Conversational Texting®, announced that, concurrently with its previously announced growth investment, they established a credit facility with Wells Fargo Capital Finance’s Technology Finance group.The Wells Fargo facility will...
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August 11, 2021, 07:09 AM
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Siena Lending Group increased its senior credit facility with Wells Fargo Capital Finance to $400 million. This upsize will enable Siena to continue its growth following the firm’s historic results in the second quarter of 2021, when it closed more...
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August 04, 2021, 07:58 AM
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Salary.com secured $67 million in funding in a financing round led by Accel-KKR Credit Partners, Centre Lane, and Wells Fargo Capital Finance. Salary.com was advised by Raymond James. Prior investors H.I.G. Capital and Salary.com management also...
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April 29, 2021, 08:10 AM
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Alterna Capital Solutions announced a $30 million increase to its asset-based credit facility with Wells Fargo Capital Finance. The line increase brings the firm’s total credit facility to $110 million, positioning Alterna Capital Solutions to meet...
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March 03, 2021, 06:00 AM
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MDC Partners Inc. announced that the Company has amended its existing senior secured revolving credit facility with Wells Fargo Capital Finance, LLC, as agent, extending the maturity date to February 3, 2022."We are pleased to have successfully...
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June 01, 2020, 08:00 AM
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American Commercial Lines Inc. announced that it has taken the next step to implement the "pre-packaged" plan to recapitalize the business, significantly reduce the Company's debt under its previously announced Restructuring Support Agreement (the...
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February 10, 2020, 09:05 AM
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Lucky Brand Dungarees, LLC, a portfolio company of Leonard Green & Partners, L.P. and a leading designer, distributor and retailer of premium denim and apparel goods in North America, announced the completion of a new refinancing transaction.As a...
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November 26, 2019, 09:00 AM
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Wells Fargo Capital Finance, part of Wells Fargo Commercial Capital, announced three new business development officers (BDOs) have joined its Corporate Finance and Middle Market Loan Originations Groups, covering the nation’s Midwest, Northeast and...
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September 06, 2019, 08:51 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that it acted as administrative agent, lead arranger and book runner for an $825 million asset-based credit facility in connection with the acquisition of Barnes & Noble, Inc. by...
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August 09, 2019, 09:00 AM
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Wells Fargo Capital Finance, part of Wells Fargo Commercial Capital, announced it has completed its U.S. sales leadership team for the Middle Market Asset-Based Lending (ABL) group, which focuses on transactions under $35 million. With more than a...
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July 17, 2019, 09:00 AM
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Wells Fargo Commercial Capital (WFCC) announced David Koshenina is head of its Lender Finance Group. In his new role, he will lead a team that provides asset-based lending for specialty finance companies, including other asset-based lenders, factors...
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July 16, 2019, 09:00 AM
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Wells Fargo Capital Finance, part of Wells Fargo Commercial Capital, announced the completion of financing for Brooks Brothers, the storied U.S. apparel brand and one of its oldest clothing retailers. The financing will support ongoing global...
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July 10, 2019, 08:39 AM
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An affiliate of Variant Equity Advisors, LLC (Variant Equity) announced the completed acquisition of Coach USA and Coach Canada, in which Wells Fargo Capital Finance (WFCF), a unit of Wells Fargo Commercial Capital, acted as administrative agent...
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June 06, 2019, 08:45 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company, announced the completion of financing for Randa Accessories, one of the world’s leading accessories companies, to acquire Haggar Clothing Co., a leading apparel company. “The acquisition of...
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June 05, 2019, 08:30 AM
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Wells Fargo Capital Finance (WFCF), a unit of Wells Fargo Commercial Capital, announced that Jack Morrone and Daniel Pfeiffer have been promoted to lead its Channel Finance division, the world’s largest channel financing platform that serves...
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May 15, 2019, 08:49 AM
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BBF, the UK’s leading manufacturer of own label, licensed and branded ambient cakes and desserts, is pleased to announce a new £40m financing facility with Wells Fargo Capital Finance (WFCF) to support future growth plans.
BBF serves all the UK’s...
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January 21, 2019, 08:00 AM
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Wabash National Corporation entered into a Second Amended and Restated Credit Agreement, among the Company, certain of its subsidiaries as borrowers, the lenders from time to time party thereto, Wells Fargo Capital Finance, LLC, as the administrative...
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December 28, 2018, 08:07 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that Marc Grossman has been named executive vice president and division manager of factoring and specialty asset-based lending (ABL) in its Commercial Services Group.
The...
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December 12, 2018, 07:57 AM
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Homebase, one of the UK’s leading home improvement and garden retailers, announced it has secured an asset-based lending facility of up to £95 million with Wells Fargo Capital Finance, part of Wells Fargo & Company.
“We are really pleased to have...
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November 26, 2018, 07:09 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that Chad Ludwig has joined the Government Services Group.
Government Services provides industry-specialized financing to businesses that contract with federal, state and...
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November 20, 2018, 07:22 AM
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Deloitte Corporate Finance LLC (Deloitte) acted as the exclusive financial advisor to AirBorn, Inc., a Georgetown, Texas-based employee stock ownership plan (ESOP) manufacturing firm that specializes in the creation of mission-critical electronic...
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November 13, 2018, 07:33 AM
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Gibraltar Business Capital, an industry leader in providing small and mid-market businesses with capital to solve short-term challenges or seize growth opportunities, announced today an increase in its credit line with Wells Fargo Capital Finance...
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September 26, 2018, 08:00 AM
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Alterna Capital Solutions, a specialty and alternative financing lender to small businesses experiencing growth, announced a $30 million asset-based credit facility with Wells Fargo Capital Finance, a division of Wells Fargo & Company. The line will...
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September 19, 2018, 08:15 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that Eric Pietras has been named senior vice president and business development officer for its Government Services Group. The Government Services Group provides...
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September 05, 2018, 07:17 AM
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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...
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August 16, 2018, 08:10 AM
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Wells Fargo Capital Finance, a division of Wells Fargo & Company, served as sole lender and administrative agent for an $80 million revolving credit facility and administrative agent on a $105 million term loan for APPVION, a leading producer of...
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August 10, 2018, 07:00 AM
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Chico's FAS, Inc. announced that it has completed a $200 million senior secured credit facility with Wells Fargo & Company and other lenders to support ongoing business operations."After an in-depth evaluation, we chose Wells Fargo to lead our new...
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August 06, 2018, 07:17 AM
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Midcap Business Credit LLC, a commercial finance company headquartered in West Hartford, CT, announced the upsizing of its revolving asset based lending facility to $100 million with Wells Fargo Capital Finance, a division of Wells Fargo &...
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July 30, 2018, 07:30 AM
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Sharecare, a digital health company helping people manage all their health in one place, announced that it is acquiring Window Channel Network (WCN), a leading distributor of original HD relaxation and wellness videos that empower viewers to find...
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July 27, 2018, 07:12 AM
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Rise Line Business Credit, LLC (Rise Line), an asset based lender headquartered in New York, announced that they have completed a revolving leverage facility with Wells Fargo Capital Finance, a part of Wells Fargo & Company. “We are thrilled to work...
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July 17, 2018, 07:09 AM
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Wells Fargo Capital Finance, a division of Wells Fargo & Company (NYSE: WFC), announced that Executive Vice President Kevin Gillespie has been named head of its Middle Market Asset-Based Lending Group, a newly formed business group focusing on...
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June 20, 2018, 07:20 AM
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Sportsman's Warehouse Holdings, Inc. announced that, on May 23, 2018, it amended its existing credit agreement to increase the borrowing capacity under its existing revolving credit facility by $100 million to $250 million, subject to a borrowing...
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May 24, 2018, 07:18 AM
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Wells Fargo & Company announced that Executive Vice President Ed Blakey will retire as head of its Commercial Capital business, part of the company’s Wholesale Banking group.“Throughout his 34 years at Wells Fargo, Ed has played an important role in...
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May 18, 2018, 08:00 AM
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ARA, Inc. dba Lone Oak Payroll and its trusted partner TempWorks Software® are proud to announce closure of a $17,000,000 secured credit facility with Wells Fargo Capital Finance. The new facility will enable Lone Oak Payroll to expand its staffing...
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May 04, 2018, 07:11 AM
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Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced the close of a leverage facility with Wells Fargo Capital Finance, part of Wells Fargo & Company.
The new capital will enable Great Rock...
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April 04, 2018, 07:31 AM
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Wells Fargo Supply Chain Finance, a division of Wells Fargo & Company, completed a $33 million credit facility for Penguin Computing, Inc., a supplier of high performance computing (HPC), enterprise data center and cloud solutions. The credit...
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March 29, 2018, 07:30 AM
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A&R Logistics Inc., announced that it has successfully renewed its $140 million Senior Secured Facility with significantly improved terms for the Company.The renewed bank facility improves pricing on both the Revolving Credit and Term Loan portions...
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December 05, 2017, 07:23 AM
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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...
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November 08, 2017, 08:00 AM
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Tailored Brands, Inc., a retail holding company for various men's apparel stores, including the Men's Wearhouse and Joseph A. Bank brands, announced that it has amended its asset-based revolving credit facility, expanding availability to $550 million...
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October 26, 2017, 07:17 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE:WFC), announced they acted as administrative agent, bookrunner, and syndication agent for several separate asset-based credit facilities totaling $2.2 billion in connection with the...
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September 13, 2017, 08:02 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company, named Holly Kaczmarczyk head of the Supply Chain Finance Group and her expected transition will take place in the fourth quarter. In her role, Kaczmarczyk will be working closely with...
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September 07, 2017, 07:30 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that its Lender Finance division was administrative agent and lead arranger of a senior revolver to fund CIT Northbridge Credit LLC.
CIT Northbridge will provide revolving and...
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September 06, 2017, 07:32 AM
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Bumble Bee Holdco, S.C.A., and its subsidiary, Bumble Bee Foods S.à r.l., announced a refinancing of 100 percent of its debt. The new debt structure includes: Borrowing under a five-year term, $200 million asset-based revolving credit facility with...
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August 21, 2017, 07:08 AM
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Upland Software, Inc., a provider of cloud-based Enterprise Work Management applications, announced a credit facility with Wells Fargo Capital Finance and CIT Bank, N.A. as joint lead arrangers, and including Goldman Sachs Bank USA, Regions Bank, and...
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August 07, 2017, 07:24 AM
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Roadrunner Transportation Systems, Inc., an asset-right transportation and asset-light logistics service provider, announced that it has closed a new five-year $292 million asset-based lending facility provided by BMO Harris Bank, JPMorgan Chase and...
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July 24, 2017, 07:22 AM
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Wells Fargo Capital Finance announced that its Supply Chain Finance Group acted as agent and sole lender for a $100 million senior secured credit facility for FCN Inc., a woman-owned, small business that provides networking services, storage...
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July 20, 2017, 07:17 AM
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Sears Canada Inc. and certain of its subsidiaries have been granted an order from the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act (CCAA).Among other things, the Initial Order provides for a stay of proceedings in...
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June 23, 2017, 08:00 AM
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DynTek, Inc., a provider of professional technology services, and Wells Fargo Capital Finance, part of Wells Fargo & Company, announced the companies have entered into a new three-year $50 million revolving line of credit and commercial banking...
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April 27, 2017, 07:30 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company, announced the hiring of Jason Cosso as business development officer and managing director. Based in San Francisco, Cosso will be focused on originating senior secured loans with private...
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April 18, 2017, 07:12 AM
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Wells Fargo & Company announced that David Marks has been named head of Wells Fargo Capital Finance, the bank’s asset-based lending unit. In his role, Marks will oversee the core business groups of Capital Finance, which provides traditional...
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April 10, 2017, 07:28 AM
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Gibraltar Business Capital (GBC), a commercial finance company focused exclusively on the factoring and small asset-based marketplace, and Gibraltar Capital Advance (GCA), a provider of flexible, fast-capital advances on future sales, announced that...
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April 05, 2017, 07:41 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that its Healthcare Finance Group acted as agent and sole lender for a $60 million senior secured credit facility for Sharecare Inc., an award-winning digital health and wellness...
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March 22, 2017, 07:59 AM
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More than 700 business leaders will gather for the 40th Annual Financial Industries Dinner on Thursday, March 16, 2017, at the New York Hilton. Proceeds from the event will benefit National Jewish Health, the nation’s leading respiratory hospital....
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March 09, 2017, 07:10 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC), announced today it acted as sole lead arranger and book runner on an expanded five year, $90 million senior secured credit facility for Chewy, Inc., America’s leading specialty...
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February 01, 2017, 07:43 AM
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The Wall Street Journal reported Guy Fuchs, the head of Wells Fargo's asset-based lending unit has decided to resign and will leave the bank March 31st, according to a bank spokesperson.According to the report, Ed Blakey, who oversees Wells Fargo...
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January 31, 2017, 08:15 AM
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Wells Fargo Capital Finance UK Limited, part of Wells Fargo & Company, announced that it acted as agent and lead arranger for an asset-based credit facility for Maplin, the UK’s number one specialist technology retailer with 217 stores across the UK....
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January 25, 2017, 07:44 AM
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Trans World Entertainment Corporation announced that on January 17, 2017 the Company entered into an amended five-year revolving secured credit agreement with Wells Fargo Capital Finance, a division of Wells Fargo & Company of up to $75 million. The...
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January 20, 2017, 07:56 AM
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Wells Fargo Capital Finance announced Ryan Chin as managing director for loan originations. Based in Santa Monica, CA, Chin will be focused on originating loans for the Western U.S. region. “We’re excited to leverage Ryan’s breadth of experience and...
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December 13, 2016, 07:39 AM
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PNC Bank, N.A. announced the addition of Daniel Morihiro, senior vice president; Patrick Simpson, senior vice president, and Graham Holding, vice president, to the senior secured financing team. All will be responsible for business development and...
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December 12, 2016, 08:21 AM
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Wells Fargo Capital Finance acted as lead arranger on a $185 million senior secured credit facility for Heidtman Steel Products, Inc., an industry leading steel processing company, that will be used to support the company’s working capital needs. “We...
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November 30, 2016, 07:44 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company, announced today that Richard Zeni has joined its Loan Originations team in Canada as a business development officer. Based in Toronto, Zeni is primarily responsible for sourcing and...
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November 14, 2016, 08:12 AM
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Coral Capital Solutions, an innovative provider of financing solutions for North American medium sized enterprises, announced it has secured a $25 million senior credit facility from Wells Fargo Capital Finance, a leader in asset-based lending. The...
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November 03, 2016, 07:48 AM
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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...
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November 01, 2016, 07:27 AM
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Wells Fargo announced that Henry Jordan, the chairman and chief executive officer of Wells Fargo Capital Finance, will retire on December 31, 2016. Following Jordan’s retirement, Wells Fargo Capital Finance will join Wells Fargo Commercial Capital...
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October 25, 2016, 08:22 AM
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Quantum Corp. announced definitive agreements with PNC Bank and TCW Direct Lending on a $170 million financing package consisting of:
An $80 million revolving credit facility and an additional $20 million credit line available under an accordion...
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October 24, 2016, 07:39 AM
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Renewable Energy Group, Inc. has signed an agreement with Wells Fargo Bank Capital Finance and Fifth Third Bank to expand the company’s line of credit to $150 million from $60 million. Fifth Third Bank joins Wells Fargo as a lender under the line of...
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October 05, 2016, 07:28 AM
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Stonegate Capital, a diversified specialty finance company that provides $1 million to $10.0 million collateral-backed loans to established lower middle-market enterprises and emerging brands, announced that it has closed on a significant equity...
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September 15, 2016, 07:10 AM
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Wells Fargo Capital Finance (UK) Limited continues to demonstrate its long-term commitment to the UK market by announcing that it has appointed Neil Kerridge to the role of Director, Regional Underwriting Manager. Based in the London office, Kerridge...
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September 13, 2016, 07:36 AM
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Wells Fargo Capital Finance has announced the promotion of healthcare finance veteran Kevin Harbour in its Healthcare Finance Group. Based in Santa Monica, Harbour will lead a team of business development professionals focused on providing senior...
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August 31, 2016, 07:44 AM
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Wells Fargo Capital Finance announced the new originations team for its Supply Chain Finance Group. This team is a result of the acquisition of GE Capital’s Commercial Distribution Finance business, which has now made Wells Fargo Capital Finance the...
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August 25, 2016, 07:42 AM
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Wells Fargo Capital Finance announced it acted as sole lead arranger and book runner on a $100 million senior secured credit facility that will be used for the acquisition of Performance Bicycle by Advanced Sports, one of the leading bicycle...
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August 17, 2016, 07:49 AM
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MB Business Capital has opened a new office in Vancouver, Washington and announced that Kevin Schrader has joined its middle-market asset-based lending team as senior vice president. Scharder will source asset-based lending opportunities for MB...
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August 16, 2016, 07:52 AM
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Advanced Onion, Inc. (AO) received a $4 million channel finance line of credit from Wells Fargo Capital Finance to help meet the strategic needs of this rapidly expanding, premier technology solutions provider. With a growth rate of over 180% in 2015...
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August 15, 2016, 08:04 AM
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Wells Fargo Capital Finance announced that Joe Wells has joined the Loan Originations team, led by Jim Marasco, as a business development officer for the Midwest region. Wells will be working with customers to deliver flexible and customizable senior...
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August 10, 2016, 07:40 AM
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Wells Fargo Capital Finance announced that Daniel Pfeiffer has joined the Supply Chain Finance team as managing director of the sales team. In this role, Pfeiffer will lead and manage the Supply Chain Finance sales team for the Supplier Finance and...
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August 05, 2016, 07:38 AM
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Wells Fargo Capital Finance announced that Dana Carl Knowlton has joined the Middle Market Originations team in New York as a business development officer. In his new role, Knowlton is primarily responsible for sourcing and structuring flexible asset...
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August 04, 2016, 07:46 AM
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Wells Fargo Capital Finance announced that their Commercial Services group has named Raphael Torres to lead the Staffing Services division and Pamela Cates will assume the National Portfolio Manager role for all the specialty teams that include...
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July 21, 2016, 07:22 AM
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Phoenix Capital Resources, a leading middle-market special situations investment bank, acted as the exclusive financial advisor and investment banker to Kalas Manufacturing, Inc. in arranging, structuring and negotiating a loan package of $33.6...
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July 20, 2016, 07:52 AM
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Wells Fargo Capital Finance announced that Jeff Kaye has joined the West Region Loan Originations team, led by Jim Marasco, as a business development officer. Kaye will be working with customers to deliver flexible and customizable senior secured...
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July 19, 2016, 07:50 AM
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Austin Financial announced two new hires in portfolio management and operations: Karla Gorgij and Eric Richardson. Gorgij joins Austin Financial Services as Vice President, Relationship Manager in Loan Portfolio. Based in Los Angeles, Gorgij will be...
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July 18, 2016, 07:49 AM
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Rosenthal & Rosenthal, Inc., a leading private commercial finance company specializing in factoring and asset-based lending, announced the launch of Rosenthal Trade Capital, a new division that provides alternative inventory financing solutions to...
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July 12, 2016, 07:46 AM
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Stonebriar Commercial Finance (SCF) announced that Jason Farr and Jeff McCoy have joined the company as Vice Presidents of Credit reporting directly to Jeff Wilkison, Senior Vice President and Chief Credit Officer. Both Jason and Jeff will be...
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June 20, 2016, 08:02 AM
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Wells Fargo Capital Finance announced Christian Conroy, Director of Loan Originations for Wells Fargo Capital Finance, is one of the winners of The M&A Advisor’s 40 Under 40 Emerging Leaders Awards.The M&A Advisor, renowned globally for its...
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June 14, 2016, 07:50 AM
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Wells Fargo Corporate Banking announced that it has formalized the Consumer & Retail Group to focus on offering capital solutions, financing expertise and traditional banking products to customers in this sector. “With the leadership we’ve...
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June 03, 2016, 07:51 AM
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Wells Fargo Capital Finance announced that their Government Services group has expanded with the addition of two new positions. Greg Wheeless has been named Regional Manager and will lead the team and Linh Phu has been named Business Development...
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June 01, 2016, 07:58 AM
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Wells Fargo Capital Finance announced that its Healthcare Finance group acted as left lead arranger, lead bookrunner and administrative agent on $125 million in senior secured credit facilities for Springstone, LLC, which included a $21 million...
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May 25, 2016, 08:02 AM
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Bibby Financial Services (BFS) announces the addition of Mohammad Rasian as Senior Vice President of Underwriting. A 35-year industry veteran, Rasian will support underwriting efforts as the company accelerates its North America growth...
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May 25, 2016, 07:18 AM
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Wells Fargo Capital Finance announced Eric Baymiller will lead Direct Loan Originations for the Western U.S. The Loan Originations Group, led by Jim Marasco, delivers flexible and customizable asset-based financing structures to a wide range of...
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May 24, 2016, 07:51 AM
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The PrivateBank announced Loren Willet and Lisa Adams have joined the company as managing directors and relationship managers, delivering asset-based lending solutions to its commercial middle-market clients. Willet, who is based in Dallas and will...
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May 13, 2016, 08:03 AM
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Wells Fargo Capital Finance (UK) Limited has demonstrated its continued long term commitment to the North of England by announcing today that it has appointed Tom Weedall to the role of director, Loan Originations. Based in their Manchester office...
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May 12, 2016, 08:00 AM
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Nortek, Inc, a global diversified industrial company with leading brands and innovative air management and technology-driven solutions for residential and commercial applications, has successfully completed amendments to its asset-based revolving...
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May 11, 2016, 08:01 AM
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Integrated Electrical Services, Inc. (IES) announced that the Company has entered into a Second Amendment (the "Amendment") to the Amended and Restated Credit and Security Agreement with Wells Fargo Capital Finance with improved terms. Pursuant to...
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May 04, 2016, 07:31 AM
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Trade Finance Solutions Inc. announced that Karim Habib has joined the company as Managing Director, Business Development. Habib will be responsible for originating new business relationships with clients and industry professionals across Canada. He...
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May 03, 2016, 07:31 AM
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Wells Fargo Capital Finance announced that Lynn Whitmore will lead business development for the Retail Finance group; a specialized lending division within Wells Fargo Capital Finance that provides customized product capabilities to retailers across...
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April 21, 2016, 08:00 AM
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Wells Fargo Capital Finance (UK) Limited, part of Wells Fargo & Company, announced that it acted as sole agent on a £34 million refinance to assist in the continued growth of Brandon Hire Limited.Brandon Hire Limited, a Rutland Partners LLP portfolio...
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April 19, 2016, 07:53 AM
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As part of its ongoing strategic review process, Vestis Retail Group, LLC ("Vestis" or "the Company"), the parent company of Eastern Mountain Sports ("EMS"), Bob's Stores ("Bob's") and Sport Chalet, announced a series of steps that will collectively...
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April 18, 2016, 08:03 AM
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Hercules Capital, Inc., a leading specialty financing provider to innovative venture growth stage companies backed by leading venture capital firms, today announced that effective April 7, 2016, it has expanded its credit facility with Wells Fargo...
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April 08, 2016, 07:52 AM
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Triumph Business Capital, member of the Triumph Bancorp, Inc. group and provider of invoice factoring solutions to small- and medium-sized businesses, announced the addition of Carol Apicella as Vice President, Business Development Officer. She will...
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April 06, 2016, 08:02 AM
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Promise Healthcare Group, LLC, a national specialty hospital company specializing in the treatment of critically ill patients, under the operating banners of Promise Healthcare, Inc. and Success Healthcare, LLC announces today that it has signed a...
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April 01, 2016, 07:43 AM
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Huttig Building Products, a leading domestic distributor of millwork, building materials and wood products, has entered into an agreement to add both Bank of America, N.A., and JPMorgan Chase Bank, N.A. to its $160 million senior secured credit...
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March 22, 2016, 07:48 AM
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Bank of the West announced that Kalee Chrissanthos has joined the Bank's Commercial Banking Group as the Asset-Based Lending (ABL) team's managing director and business development officer. In this role, Chrissanthos will be responsible for...
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March 04, 2016, 08:02 AM
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BFS Capital Inc., a leading small business financing platform, has entered into a $165 million Amended and Restated Loan and Security Agreement with Wells Fargo Capital Finance as administrative agent. The agreement provides for additional increases...
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February 05, 2016, 07:27 AM
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Wells Fargo Capital Finance announced two new regional managers for the consumer products and retail division of its Commercial Services Group, which specializes in factoring and accounts receivables management. Brian Martin has been named regional...
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January 21, 2016, 08:03 AM
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Epiq Systems announced the appointment of Deirdre McGuinness as managing director. A 28-year veteran of legal services, McGuinness will focus on enterprise-wide initiatives to strengthen and expand Epiq’s law firm and corporate client...
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January 15, 2016, 08:03 AM
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SeaSpine Holdings Corporation, a global medical technology company focused on surgical solutions for the treatment of spinal disorders, has signed a three-year credit facility with Wells Fargo Capital Finance, with the option to extend for a fourth...
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December 29, 2015, 08:04 AM
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Enphase Energy, Inc., a global energy technology company, announced it has signed an extended asset-based credit facility with Wells Fargo Capital Finance. This new credit facility replaces a $50 million facility with Wells Fargo Capital Finance...
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December 23, 2015, 08:09 AM
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Great American Capital Partners, LLC (GACP), a wholly owned subsidiary of B. Riley Financial, Inc, and Wells Fargo Capital Finance (WFCF), have entered into an agreement with Scrap Metal Services (SMS) to provide a $63 million senior secured credit...
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December 17, 2015, 08:05 AM
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Inventure Foods, Inc., a leading specialty food marketer and manufacturer, announced that the Company has completed a $135 million debt refinancing that includes a new five-year, $50 million senior-secured revolving credit facility and a new...
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November 24, 2015, 07:18 AM
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Tembec announced it has entered into a new asset-based secured revolving credit facility which consists of a $150 million revolving credit facility with Wells Fargo Capital Finance Corporation Canada, as administrative agent, and PNC Financial Bank...
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November 19, 2015, 07:59 AM
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CDI Corp. entered into a new secured credit agreement providing for up to $150 million in revolving loans. Bank of America, N.A., acted as administrative agent, joint lead arranger and joint book-runner. Bank of Montreal acted as joint lead arranger...
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November 05, 2015, 07:57 AM
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Wells Fargo Capital Finance announced that it acted as agent and lead arranger of an asset-based credit facility in support of the acquisition of Fork Rent Limited (“Fork Rent”) and One Call Hire Limited (“One Call”) by Searchlight Capital Partners...
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October 15, 2015, 07:44 AM
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National Funding announced that it has secured additional funding from its longtime bank partner, Wells Fargo. Wells Fargo Capital Finance will increase its line of credit up to $75 million, which will help fund small business, working capital and...
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October 13, 2015, 07:56 AM
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First Niagara Financial Group announced the appointment of Jonathan Miller as Senior Portfolio Manager for First Niagara Commercial Finance. Miller will be responsible for managing existing clients and cultivating new asset-based lending...
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October 02, 2015, 08:03 AM
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Wells Fargo Capital Finance, the asset-based lending (ABL) division of Wells Fargo & Company, announced the addition of healthcare finance veteran Jason Dufour to its Healthcare Finance Group. Based in McLean, VA, Dufour’s efforts will be focused...
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September 23, 2015, 08:03 AM
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Finacity Corporation ("Finacity") announced it has facilitated the successful addition of an Asian originator to an existing trade receivables securitization for The Manitowoc Company, Inc. The $185 million transaction now incorporates a new division...
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September 15, 2015, 07:55 AM
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Wells Fargo Capital Finance announced that Nick Lawrence has been appointed as managing director for Supply Chain Finance (SCF) as it finalizes the build out of its European platform to support all three international products, Channel Finance...
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August 18, 2015, 07:37 AM
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U.S.- based wholesale rental company Acme Lift has received $60 million additional funding to invest in big booms. The financing will be made available through an affiliate company - MacKinnon Skye Holdings - which was specifically created to provide...
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August 14, 2015, 07:10 AM
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Renewable Energy Group, Inc. has expanded its line of credit agreement with Wells Fargo Capital Finance, LLC from $40 million to $60 million.In a filing with the Securities and Exchange Commission, REG disclosed that two wholly-owned subsidiaries...
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July 23, 2015, 08:05 AM
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Garrison Investment Group announced the funding of a $74.3 million term loan credit facility, in conjunction with a $40.0 million asset-based revolving credit facility provided by Wells Fargo Capital Finance, to Interior Specialists, Inc. Proceeds...
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July 07, 2015, 07:46 AM
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Mad Catz Interactive, Inc. announced that it entered into new financing facilities with NewStar Business Credit and Faunus Group International, Inc. to provide combined financing on eligible accounts receivable and inventories up to $30.0 million...
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July 06, 2015, 07:59 AM
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Wells Fargo Capital Finance announced new leadership roles for executives Scott Diehl, Steve Macko and Kurt Marsden. Each will lead one of the three core business groups of Wells Fargo Capital Finance, all reporting to Guy Fuchs, who was named...
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June 15, 2015, 08:17 AM
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Wabash National Corporation announced that it has completed an amendment to its credit agreement with a group of lenders that provides the company’s $150.0 million, asset-based, revolving credit facility. Among other things, the amendment will i)...
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June 11, 2015, 07:55 AM
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MidCap Business Credit announced the hiring of Bradley Atkinson for the role of Vice President, Underwriting to support the continued growth of its loan portfolio. He comes to MidCap with more than 15 years of experience in the industry with roles...
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June 05, 2015, 07:52 AM
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Opus Bank announced the expansion of its Los Angeles Region Commercial Banking team with the hires of Douglas Rosenthal, a 35-year banking veteran, and Mark Deneen, a 34-year banking veteran, each joining as Managing Director, Senior Client Manager –...
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May 26, 2015, 08:22 AM
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Wells Fargo Capital Finance announced Carey Do, Managing Director of Loan Originations for Wells Fargo Capital Finance, is one of the winners of The M&A Advisor’s 40 Under 40 Emerging Leaders Awards.The M&A Advisor, renowned globally for its...
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May 22, 2015, 07:23 AM
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Wells Fargo Capital Finance announced that its Lender Finance division was administrative agent and lead arranger for a $450 million senior revolver for Ares Commercial Finance LP (“ACF”), a fund managed by the commercial finance platform of Ares...
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May 19, 2015, 07:39 AM
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Upland Software, Inc., a leader in cloud-based Enterprise Work Management applications, announced a new credit facility with Wells Fargo Capital Finance. The facility provides up to $60 million in borrowing capacity for acquisitions, general...
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May 15, 2015, 07:55 AM
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THL Credit Advisors announced today that Thomas E. Lane has joined the firm as a Managing Director where he will focus on leading the origination, structuring, underwriting and execution of investments in the Media & Information Services sector for...
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May 04, 2015, 07:54 AM
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Salus Capital Partners announced that Christopher D. O'Connor and Kyle C. Shonak have been named Co-Presidents of the firm, effective immediately.In a joint statement, O'Connor and Shonak commented: "Salus will work closely with our parent company...
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April 29, 2015, 07:24 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that on Wednesday, Apr. 22, the Wells Fargo Capital Finance team in the UK took home the 2015 Asset-Based Lender of the Year award at the 14th Annual Private Equity Awards in...
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April 24, 2015, 07:41 AM
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Hancock Fabrics, Inc. announced the refinancing of the company’s existing senior debt under a new credit agreement with Wells Fargo Capital Finance and Great American Capital Partners. This will provide additional availability over the current senior...
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April 23, 2015, 07:56 AM
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North Mill Equipment Finance has increased the size of its senior loan facility with Wells Fargo Capital Finance to $75 million. The increased loan facility will enable North Mill to expand its business of originating small-ticket equipment leases...
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April 22, 2015, 07:46 AM
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Wells Fargo & Company announced that Guy Fuchs has been appointed president and chief operating officer of Wells Fargo Capital Finance, the bank’s asset-based lending unit, effective immediately. Fuchs, a 14-year veteran of the firm, will continue to...
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April 15, 2015, 08:10 AM
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Masonite International Corporation entered into an Amended and Restated $150 million asset-based revolving credit facility, which is secured by the company’s inventory and accounts receivable in the United States and Canada. The company increased the...
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April 10, 2015, 07:09 AM
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CAN Capital, a leading player in alternative small business finance, announced today that it secured a $650 million credit facility from a dozen leading lenders. Led by Wells Fargo Capital Finance, the transaction includes new commitments from Morgan...
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April 03, 2015, 07:44 AM
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Wells Fargo Capital Finance acted as joint lead arranger and administrative agent on a $130 million senior secured credit facility for Clearlake Capital Group’s new and existing software portfolio companies. Upon closing, the financing supported...
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April 01, 2015, 07:49 AM
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Intrepid Investment Bankers (Intrepid), a leading middle-market investment bank, today announced a $65 million debt and equity growth capital raise for its client Ice Mobility, a national distributor of wireless products and a leading provider of...
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March 31, 2015, 07:52 AM
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GAP, the Glasgow-based tool and equipment hire company, negotiated a GPB 220 million asset-based facility with a four bank syndicate led by RBS and including Barclays, Wells Fargo Capital Finance and PNC Business Credit.GAP was established in 1969 by...
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March 24, 2015, 07:07 AM
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Wells Fargo Capital Finance announced that Kael L. Peterson has been named business development officer for the Commercial Services Group, which specializes in factoring and accounts receivables management. In her new role, Peterson is primarily...
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March 11, 2015, 07:47 AM
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Accela, a provider of cloud-based civic engagement solutions for government, announced it has closed $143.5 million in new financing. Accela will deploy the new capital to round out its cloud offering, expand the capabilities of the Civic Platform...
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February 27, 2015, 08:07 AM
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Caraustar Industries, Inc., a portfolio company of H.I.G. Middle Market, the dedicated middle-market investment affiliate of H.I.G. Capital, has completed the acquisition of The Newark Group, Inc. Financing for the transaction was provided by Credit...
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February 20, 2015, 07:47 AM
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FrontRange and Lumension, leading providers of Hybrid Service Management and Unified Endpoint Management software solutions for organizations of all sizes, jointly announced that the companies will merge to create HEAT Software. Wells Fargo Capital...
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February 12, 2015, 08:02 AM
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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...
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January 28, 2015, 07:59 AM
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Strengthening its commitment to apparel finance, Wells Fargo has opened a new commercial banking office in New York City to expand its services to the apparel industry. The middle-market lending unit joins established company business lines such as...
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January 16, 2015, 07:55 AM
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Rite Aid Corporation announced the completion of an amendment and extension of its existing senior secured credit facility, including an increased borrowing capacity of up to $3.0 billion, or up to $3.7 billion when the company repays its 8.00%...
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January 14, 2015, 07:53 AM
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Quest Solution announced that it has secured a revolving credit facility from Wells Fargo Bank in the maximum principal amount of $8 million. "We are pleased to confirm that Wells Fargo, the 4th largest bank in the United States, as our lending...
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January 08, 2015, 07:16 AM
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G.C. Andersen Partners, a New York-based investment bank, announced the closing of a $109.1 million financing for Acme Lift Co., the world's largest wholesale rental company. The financing was structured with an $85 million Senior Revolving Credit...
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January 07, 2015, 07:55 AM
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TravelCenters of America announced that it has amended its existing $200 million revolving credit facility. Prior to the amendment, TA’s credit facility had a maturity date of October 25, 2016 and interest paid on drawings was LIBOR plus 225 basis...
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December 24, 2014, 07:22 AM
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Wells Fargo Capital Finance announced that Ryan Birnel has been named business development officer for the loan originations team in Denver, Colorado. In his new role, Birnel is primarily responsible for sourcing and structuring flexible asset-based...
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December 11, 2014, 08:01 AM
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Sportsman's Warehouse Holdings, Inc. completed the refinancing of its existing $235 million senior secured term loans at a lower interest rate and has increased the borrowing capacity under the terms of its revolving credit facility. Sportsman's...
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December 05, 2014, 07:51 AM
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Garrison Investment Group announced the funding of a $60 million term loan credit facility, in conjunction with a $100 million ABL revolving credit facility provded by Wells Fargo Capital Finance to PCCR USA, Inc. PCCR is a wholly owned subsidiary of...
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December 04, 2014, 07:37 AM
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eGain, a leading provider of cloud customer engagement solutions, announced that it has established a new $20 million credit facility with Wells Fargo Capital Finance. The new facility, which includes a $10 million, five-year term loan and a $10...
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November 26, 2014, 08:07 AM
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Gemino Healthcare Finance announced that Nichoel Richards has joined their business development team as a managing director. In this role, Richards will be responsible for marketing and loan originations in the Midwest market. She is based in Kansas...
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November 20, 2014, 07:47 AM
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Destination XL Group, the largest multi-channel specialty retailer of big & tall men's apparel, has increased its existing asset-based revolving line of credit with Bank of America, N.A. by $25 million to $125 million. In addition, the company...
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November 03, 2014, 07:23 AM
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Burdale Financial Limited (Burdale), a Wells Fargo company said that it will adopt the trade name Wells Fargo Capital Finance. Wells Fargo Capital Finance is a leader in asset-based finance in the U.S., and acquired Burdale in February 2012. Wells...
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October 29, 2014, 07:34 AM
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MDC Partners Inc. and its subsidiaries have entered into an increase and amendment of its revolving credit facility. Among other benefits, the amendment: (i) expands the commitments under the facility by $100 million, from $225 million to $325...
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October 24, 2014, 07:43 AM
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TD Bank has named Stephen M. Metivier as a Managing Director with the bank’s Asset Based Lending (ABL) group. Based in Boston, he will cover the retail sector, focused on building new direct retailer lending relationships by providing the most...
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October 17, 2014, 08:01 AM
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Waste Pro USA, Inc. has completed a $579 million recapitalization of the Longwood, Florida-based company, according to CFO and Vice President Cort Sabina.The new credit facility for the 11-year-old firm is all debt, which included an asset-based loan...
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October 16, 2014, 07:51 AM
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Stage Stores, Inc. entered into an amended and restated $350 million senior secured revolving credit facility (the “Credit Facility”) that will mature on October 06, 2019. The Credit Facility replaces the Company’s former $250 million senior secured...
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October 07, 2014, 07:53 AM
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RealPage, a leading provider of on-demand software and software-enabled services to the rental housing industry, has entered into a new revolving credit facility. The credit replaces the company’s existing revolving credit facility, expands borrowing...
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October 02, 2014, 08:06 AM
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First Niagara Commercial Finance, Inc. (FNCF), announced that David Raphaels has joined the bank as First Vice President and Senior Business Development Officer. In his new role, Raphaels is responsible for developing new asset-based lending...
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October 01, 2014, 07:46 AM
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Wells Fargo Capital Finance announced that it acted as administrative agent on a $32.5 million senior secured facility for Petersen Health Network (Petersen), a leading provider of long-term care services in Illinois as well as other areas of the...
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October 01, 2014, 07:41 AM
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Wells Fargo Capital Finance is expanding its Supply Chain Finance team domestically and internationally. The expanded team will support and target the growing middle-market technology sector, which consists of IT value-added resellers (VARs)...
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September 25, 2014, 08:03 AM
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To meet growing demand from companies in the Southern Region, Wells Fargo said today that Monica Cole will head Wells Fargo Commercial Banking Southern Division team as executive vice president and division manager. Based in St. Louis, Cole will...
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September 23, 2014, 07:32 AM
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The Great Atlantic & Pacific Tea Company, Inc. (A&P) announced that it completed the refinancing of its existing senior debt on terms favorable to the Company. A&P successfully partnered with Wells Fargo Capital Finance to arrange the new $300...
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September 22, 2014, 08:06 AM
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Wells Fargo Capital Finance announced that their Healthcare Finance portfolio surpassed $1 billion with the recent $100 million credit facility for Apria Healthcare Group, Inc., a portfolio company of The Blackstone Group. Apria is one of the...
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September 19, 2014, 08:00 AM
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Salus Capital Partners has named Christopher O’Connor as Executive Vice President, Chief Credit and Administration Officer. In his role at Salus, O’Connor will primarily be responsible for the oversight of underwriting and portfolio management...
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September 04, 2014, 07:33 AM
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Business Financial Services announced a $125 million credit line with Wells Fargo Capital Finance, a part of Wells Fargo & Company. The new credit line is an increase from the existing $82 million credit line that the company announced last...
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August 28, 2014, 08:08 AM
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Wells Fargo Capital Finance acted as joint lead arranger on a $180 million senior secured credit facility for Vestis Retail Group to acquire Sport Chalet, Inc., a specialty sports retailer with 50 stores in the Western United States. Vestis Retail...
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August 21, 2014, 08:09 AM
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Capital One Bank announced that Glenn Noble has joined the Security Lending Group, part of the Commercial & Specialty Finance Group, as a Senior Vice President. In this newly-created role, Noble will be focused on providing asset-based debt...
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August 20, 2014, 07:23 AM
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First Capital announced the hiring of Ramsey Naber, Senior Vice President, in the Factoring Western Region. Naber will perform the role of Portfolio and Business Development Manager throughout the Western Region and will be based out of the Los...
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August 19, 2014, 07:24 AM
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Calumet Specialty Products Partners, L.P. announced the successful completion of an amendment and restatement of its revolving credit agreement. The amended agreement, which is comprised of a syndicate of banks with commitments of $1.0 billion...
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July 15, 2014, 07:46 AM
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Wells Fargo Capital Finance announced that Michael Vasquez has accepted a position as business development officer in New York. Vasquez will focus on originating loans for the Northeast region that is led by Scott Ryan, managing director, regional...
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June 25, 2014, 07:31 AM
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Wells Fargo Capital Finance announced that their Supply Chain Finance group has established a Channel Financing program for D&H Distributing. D&H, a leading distributor of computer networking and IT products, recently added new tools and resources to...
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June 20, 2014, 07:27 AM
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AloStar Business Credit announced that David Phillips has been promoted to Managing Director, Head of Originations. Phillips has been with AloStar since May 2011 and was an integral part of establishing the company which three years since inception...
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June 17, 2014, 07:58 AM
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Wells Fargo Capital Finance announced that Patrick Simpson has been named business development officer for the Middle Market Loan Originations team in New York. In his new role, Patrick is primarily responsible for sourcing and structuring flexible...
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June 05, 2014, 07:46 AM
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ALCO Stores, Inc. announced that Wells Fargo Capital Finance acted as administrative agent on a $125 million senior secured revolver, $5 million real estate term loan and $12.5 million term loan, which ALCO Stores will use for working capital and...
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June 03, 2014, 07:39 AM
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Huttig Building Products, Inc., a leading domestic distributor of millwork, building materials and wood products, announced it has entered into an agreement to amend and extend its $120 million senior secured credit facility. The amendment, among...
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May 29, 2014, 07:54 AM
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Burdale Financial Limited, a Wells Fargo company (Burdale), has demonstrated its long-term commitment to the North of England by expanding its team in Manchester through the appointment of Oliver Reece in the role of associate director, Structured...
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May 22, 2014, 07:31 AM
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Workshare, a leading provider of secure enterprise file sharing and collaboration applications, announced that it has entered into an $8.4 million credit facility with the Technology Finance Division of Wells Fargo Capital Finance. This augments the...
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May 08, 2014, 07:36 AM
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Wells Fargo Capital Finance announced today that Dave Baartmans has been named managing director for the Supply Chain Finance sales team, moving from a prior role in Wells Fargo’s International Global Banking team. In his role, Baartmans will lead...
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May 06, 2014, 07:07 AM
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White Oak Global Advisors, LLC announced that Allan Marzen has joined the firm as Managing Director of Originations. Marzen is responsible for originating and underwriting new investment opportunities for White Oak’s private debt funds throughout the...
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May 01, 2014, 07:29 AM
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Salus Capital Partners announced the following new hires: Brian T. Kennedy as Special Opportunities team leader and Matthew J. DeLoffi as VP of Risk Management and Collateral Oversight.
Brian T. Kennedy joins Salus as a Senior Vice President...
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April 30, 2014, 07:15 AM
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David DiPiero, President and CEO of FGI, has announced that Doug Stewart has joined the firm as Vice President of Business Development. In this position, Stewart will be responsible for business activity on the West Coast. His goal will be to focus...
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April 11, 2014, 07:46 AM
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Wells Fargo Capital Finance announced it acted as left lead arranger and bookrunner on a $325 million secured credit facility that will be used for working capital and general corporate purposes for Guitar Center, Inc., America’s leading specialty...
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April 04, 2014, 07:33 AM
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AK Steel said it has entered into a new $1.1 billion, five-year revolving credit facility with a group of lenders. The new credit facility will expire in March 2019. Bank of America, N.A., J.P. Morgan Securities LLC and Wells Fargo Capital Finance...
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March 18, 2014, 07:41 AM
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ENTREC Corporation has closed a new $240 million senior secured asset-based credit facility (the "ABL Facility") with a syndicate of lenders led by Wells Fargo Capital Finance Corporation Canada. The syndicate of lenders also includes The Bank of...
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March 07, 2014, 07:53 AM
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Wells Fargo Capital Finance announced that their Supply Chain Finance group, has established a channel financing program for solution providers in the AT&T Partner Exchange reseller program. The innovative program helps solution providers create...
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February 27, 2014, 07:34 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that their Supply Chain Finance group has established a Channel Financing program for Dell, a leading global technology solutions company. Dell Financial Services, in cooperation...
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February 05, 2014, 07:48 AM
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North Mill Capital, LLC (North Mill), a leading ABL lender and factor for small businesses, announced it has secured a new, three-year, $90 million credit facility led by Wells Fargo Capital Finance, part of Wells Fargo & Company, BMO Harris Bank...
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January 28, 2014, 09:00 AM
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Wells Fargo Capital Finance acted as sole lead arranger and book runner on a $55 million senior secured revolving credit facility that will be used for working capital and general corporate purposes for Evergreen Enterprises of Virginia, LLC, which...
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January 17, 2014, 07:36 AM
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Star Gas Partners, a home energy distributor and services provider specializing in heating oil,has entered into a second amended and restated $450 million credit facility. The amended and restated credit agreement extends the term of the agreement...
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January 15, 2014, 07:37 AM
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CAN Capital announced $33 million in funding led by Meritech Capital Partners (Meritech) with increased participation and ownership from existing investor Accel Partners (Accel). Meritech and Accel were joined in the funding round by Ribbit Capital...
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January 10, 2014, 07:21 AM
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Opus Bank announced Randall “Randy” Boba has joined Opus Bank’s Healthcare Banking division as First Vice President, Senior Portfolio Manager/Underwriter. He will be responsible for the structuring and underwriting of debt financing solutions...
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January 06, 2014, 08:03 AM
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TowerJazz, the global specialty foundry leader announced the signing of an extension of its current agreement with Wells Fargo Capital Finance to provide TowerJazz with a $70 million credit line through December 2018 at a reduced interest rate....
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December 18, 2013, 08:02 AM
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Wells Fargo Capital Finance announced Bob Dean has been named regional loan originations manager for the south region of its Business Credit division. In his role, he and his team are responsible for sourcing and structuring flexible asset-based...
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December 10, 2013, 07:58 AM
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Wells Fargo Capital Finance announced that it served as lead arranger in a $1 billion credit facility for SpartanNash that will be used for working capital and general corporate purposes including the recent completion of the Spartan Stores, Inc. and...
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December 03, 2013, 07:48 AM
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Wells Fargo Capital Finance announced that their Supply Chain Finance group provided a $75 million credit facility to Intelligent Decisions, a global IT solutions provider, that will be used for working capital and growth purposes. Intelligent...
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November 21, 2013, 07:46 AM
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Kitara Media Corp. announced it has closed on a new three-year credit facility with Wells Fargo Capital Finance. The transaction provides up to a $10 million revolving line of credit scheduled to mature in November 2016."We are delighted that a major...
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November 08, 2013, 07:58 AM
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Stephen R. Brown, President & CEO of Hudson Valley Bank, the operating subsidiary of Hudson Valley Holding Corp., has announced the launch of its asset-based lending group. The newly formed unit, which will be led by a team of banking industry...
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November 07, 2013, 08:04 AM
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Wells Fargo Capital Finance announced that Jason Cole will now lead both the Receivables Funding Group and the Staffing Services Group. He will report to Dave Ciccolo, head of Specialty Services. The Staffing Services Group within Wells Fargo Capital...
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November 06, 2013, 07:43 AM
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Wells Fargo Capital Finance announced that Adam Davis, director in the Retail Finance division, has been promoted and will be joining the team responsible for originating asset-based lending transactions for retail industry clients. He previously...
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October 30, 2013, 07:49 AM
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MidCap Financial, the nation’s leading independent commercial finance company focused exclusively on middle market healthcare companies, announced that it has favorably negotiated the extension of its credit facility led by Wells Fargo Capital...
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October 23, 2013, 08:02 AM
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Wells Fargo Capital Finance announced it acted as sole lead arranger and book runner on a $100 million senior secured credit facility that will be used for working capital and general corporate purposes for Harry & David, one of America’s leading...
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October 04, 2013, 09:13 AM
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Zhone Technologies, Inc. announced that on Sep. 30, the company entered into an amendment of its existing senior secured revolving credit facility with Wells Fargo Capital Finance to extend the maturity date of the facility from March 13, 2014 to...
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October 02, 2013, 07:03 AM
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Matthew Nutter was named to the position of vice president, commercial loan officer, BayCoast Bank announced recently.In this role, he is responsible for soliciting and managing asset based loans. Before joining BayCoast, Nutter held a vice president...
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September 30, 2013, 07:34 AM
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Mackinac Financial Corporation announced today the formation of Mackinac Commercial Credit (MCC), a wholly owned subsidiary of the holding company. MCC will provide working capital to small- to medium-sized companies through a variety of alternative...
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September 23, 2013, 08:01 AM
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Crestmark announced the addition of Scott C. Doyle as Vice President, Account Executive. He will report through Ray Zilke, First Vice President - Portfolio, and will work as a part of Crestmark’s growing Transportation Division located in Franklin...
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September 05, 2013, 07:17 AM
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Wells Fargo Capital Finance announced the promotions of Christian Conroy and Andrew Phillips. Conroy will be responsible for originating senior secured loans for Corporate Finance within the Southwestern U.S. market and Phillips will be responsible...
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August 27, 2013, 08:01 AM
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Phoenix Management Services served as exclusive Restructuring Financial Advisor in arranging, structuring and negotiating the refinancing for Globe Wireless, LLC , one of the world’s leading providers of satellite communications and information...
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August 16, 2013, 07:49 AM
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In its second quarter earnings release, Brookstone announced that it has entered into an amended banking facility with Wells Fargo Capital Finance, part of Wells Fargo & Company, which will provide up to $25 million of additional availability as the...
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August 14, 2013, 07:29 AM
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The Kraus Group of Companies announced it has secured a $50 million funding line with Wells Fargo Capital Finance, which comes on the back of a strong first half performance that has shown carpet sales up 2%, and a return to profitability during...
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August 12, 2013, 07:42 AM
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Siena Lending Group and its affiliates announced the completion of a revolving credit facility with Wells Fargo Capital Finance. Siena will use this credit facility to expand its balance sheet and continue funding small and medium sized businesses...
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August 08, 2013, 07:37 AM
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Cache, Inc., a specialty chain of women’s apparel stores, secured a new, five year, $25 million credit facility through Wells Fargo Capital Finance.Jay Margolis, chairman and chief executive officer, commented: “We are pleased to partner with Wells...
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July 31, 2013, 07:53 AM
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Wells Fargo Capital Finance announced the addition of finance industry veteran Rocky Gor as business development officer. Based in Santa Monica, CA, Gor’s efforts will be focused on originating loans for the Southwestern U.S. region.“We’re excited to...
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July 25, 2013, 08:03 AM
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BlueTarp Financial, a leading trade credit provider for the building supply industry, announced it recently closed a $15 million equity round led by new investor Long Ridge Equity Partners. BlueTarp's existing investor group, including Highland...
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July 24, 2013, 08:01 AM
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AloStar Business Credit has announced the launch of its Lender Finance Division, and named Wells Fargo and GE Commercial Finance veteran Luke Graham managing director. Graham will spearhead a team of AloStar professionals – John David Gettmann...
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July 18, 2013, 08:06 AM
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Accuride Corporation closed on a new $100 million ABL credit facility with Wells Fargo Capital Finance, lead arranger and administrative agent; BMO Harris Bank, syndication agent; and Deutsche Bank. The new facility, which includes a $10 million FILO...
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July 12, 2013, 08:02 AM
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Opus Bank announced the formation of its merchant banking division, which will operate as Opus Financial Partners. Opus’ new merchant banking division will lead and participate in institutional syndications of commercial and corporate C&I credits, as...
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July 11, 2013, 07:57 AM
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Unified Grocers, the largest wholesale grocery distributor in the western United States, has successfully completed a refinancing of its senior credit facilities. The refinancing included both the replacement of the existing revolving credit facility...
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July 03, 2013, 07:57 AM
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Dillard’s, Inc. amended and extended its $1 billion senior secured revolving credit facility, taking advantage of favorable market conditions. The facility pricing was improved and the maturity has been extended an additional year to July 1, 2018.The...
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July 02, 2013, 07:48 AM
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To better meet the global needs of its clients, Wells Fargo Capital Finance, part of Wells Fargo & Company, has formed a Commercial Services Division to provide factoring and accounts receivable financing products and services for U.S. and...
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June 26, 2013, 08:06 AM
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Banner Bank, a wholly owned subsidiary of Banner Corporation, has hired Gregg Marsicano as Senior Vice President, Asset-Based Lending Manager to lead Banner's commercial asset-based lending services throughout its footprint the Pacific Northwest....
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June 19, 2013, 08:06 AM
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Wells Fargo Capital Finance announced it acted as left lead arranger, book manager, and administrative agent on a $1 billion, multi-currency, senior secured revolving credit facility for Novelis, Inc. The credit facility refinanced Novelis’ existing...
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June 04, 2013, 08:09 AM
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Horizon Technology Finance, a specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life science, healthcare information and services, and clean-tech...
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May 29, 2013, 07:49 AM
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Capital Access Network, Inc. (CAN) has added $165 million to its line of credit from a syndicate of premier financial institutions, now including Capital One, Amalgamated Bank, Regions Bank, Capital Source and AloStar. These banks join Wells Fargo...
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May 22, 2013, 08:04 AM
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Medical Action Industries entered into a new five-year credit agreement for $65 million with Wells Fargo, N.A., part of Wells Fargo & Company (NYSE:WFC), effective May 17, 2013. The new credit facility refinances and replaces the previous agreement...
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May 21, 2013, 08:06 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company, announced the addition of healthcare finance veteran Rossi Felix as managing director within its Healthcare Finance Group. Based in Dallas, TX, Rossi’s efforts will be solely focused on...
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May 17, 2013, 08:04 AM
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Wells Fargo Capital Finance acted as administrative agent, sole arranger and bookrunner and term loan agent on a $100 million senior secured revolver and a $10 million senior secured term loan that will be used for working capital and general...
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May 10, 2013, 08:06 AM
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H.I.G. Capital, a leading global private equity investment firm, announced that an affiliate completed the acquisition of Caraustar Industries, Inc., a provider of recycled paperboard and related products. Caraustar was majority owned by private...
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May 06, 2013, 08:00 AM
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North Mill Equipment Finance announced that it has entered into a $50 million senior loan facility with Wells Fargo Capital Finance. The new loan facility will enable North Mill EF to expand its business of originating small-ticket equipment leases...
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May 01, 2013, 07:37 AM
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Wells Fargo Capital Finance announced the expansion of its Technology Finance lending capabilities in the United Kingdom. Steven Osborne, previously an underwriter with Burdale Financial Limited, also part of Wells Fargo Capital Finance, will lead...
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April 16, 2013, 07:45 AM
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Western Refining announced the successful completion of an amendment and restatement of its revolving credit agreement. The amended agreement, which is comprised of a syndicate of banks with commitments of $900.0 million, matures in April 2018....
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April 12, 2013, 08:12 AM
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Wells Fargo Capital Finance Corporation Canada has acted as administrative agent and sole lender to a $60 million senior secured credit facility for SAIL Outdoors, Inc. which will use the financing for working capital and general corporate...
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April 04, 2013, 07:46 AM
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Crestmark announced the addition of Bruce Pavesich as regional first vice president, business development officer. He reports through Ray Morandell, national sales director, and will work as a part of Crestmark’s growing East Division. He is located...
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April 04, 2013, 07:29 AM
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First Capital announced the hiring of Eric Serenkin in its ABL Eastern Division. Serenkin will lead and manage First Capital’s ABL New York office, a regional sales office for the ABL Eastern Region located in Atlanta. He will be responsible for all...
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April 01, 2013, 08:05 AM
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Redknee Solutions Inc., a provider of business-critical software and solutions for communications service providers announced that its wholly-owned subsidiary, Redknee Inc., has entered into an amended and restated credit agreement with Wells Fargo...
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April 01, 2013, 07:53 AM
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Wells Fargo Capital Finance acted as administrative agent and left lead arranger on an amended and extended $600 million senior secured credit facility that will be used for working capital and general corporate purposes for Saks...
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March 29, 2013, 07:56 AM
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Kraton Performance Polymers, a leading global producer of styrenic block copolymers, announced it has closed an aggregate $250 million of revolving credit facilities. The facilities are comprised of a $150 million five-year, secured U.S. revolving...
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March 29, 2013, 07:40 AM
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Wells Fargo Capital Finance announced that through its Retail Finance unit, it is leading a new $1 billion senior secured, asset-based revolving credit facility for SUPERVALU, a leading grocery wholesaler and retailer. Wells Fargo Bank, N.A. will...
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March 22, 2013, 08:08 AM
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MDC Partners announced it entered into an amended and restated five-year $225 million revolving credit facility. An SEC 8-K filing indicates that Wells Fargo Capital Finance is serving as administrative agent. Other lenders include JP Morgan Chase...
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March 21, 2013, 07:52 AM
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OCZ Technology Group entered into a $30 million loan and security agreement with Hercules Technology Growth Capital. This loan agreement consists of a $15 million term loan and a $15 million revolving loan facility. The company had reduced its use of...
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March 12, 2013, 07:27 AM
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Remy International closed the refinancing of its existing senior secured Term B Loan with a new $300 million seven-year Term B Loan facility, through Bank of America, N.A. as administrative agent and joint lead arrangers Merrill Lynch, Pierce, Fenner...
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March 06, 2013, 08:06 AM
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BMC, one of the nation's leading providers of building materials and construction services, has expanded its revolving line of credit to $110 million with Wells Fargo Capital Finance. The expanded facility will provide the company greater financial...
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February 28, 2013, 08:10 AM
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Orchard Supply Hardware Stores provided an update on the company’s efforts to refinance or modify its Term Loan debt and otherwise work to improve its capital structure. Additionally, Orchard provided an update on select preliminary fourth quarter...
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February 19, 2013, 07:08 AM
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Integrated Electrical Services amended its credit and security agreement with Wells Fargo Capital Finance to include a new two-year $5 million term loan and a one-year extension of the revolving credit facility to August 9, 2016.
IES will use the...
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February 14, 2013, 07:11 AM
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The Associated Press reports that retailer JCPenney Co. has amended its bank credit facility to increase its borrowing capacity as it looks to finance its multiyear transformation. The department store chain it expanded the credit facility to $1.85...
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February 13, 2013, 08:01 AM
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hmv Canada announced the signing of a new three-year $25 million credit agreement with Wells Fargo Capital Finance to provide additional working capital support for the daily operations of the business.
"We are extremely pleased to have the support...
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February 11, 2013, 08:04 AM
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Wells Fargo Capital Finance announced that healthcare finance veteran Michael Janda has joined the organization as managing director of its Healthcare Finance team. Based in Fort Lauderdale, FL, Janda’s efforts will be solely focused on providing...
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January 16, 2013, 07:52 AM
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Garrison Investment Group and Wells Fargo Capital Finance completed a refinancing of Apple & Eve, LLC, the largest independent juice company in the U.S. The refinancing was completed by ClearLight Partners, in partnership with management. Garrison...
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January 07, 2013, 07:35 AM
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Ascendant Consulting Partners has completed a capital restructuring for Saint Joseph, Mo.-based LifeLine Foods LLC. The capital restructuring consisted of a $25 million equity raise of preferred stock from existing shareholders and the extension of a...
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January 04, 2013, 07:52 AM
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Audax Group completed a recapitalization of Thalheimer Brothers. Wells Fargo Capital Finance, Audax Senior Debt, and LBC Capital provided financing to support the transaction.
Geoffrey S. Rehnert, Co-CEO of Audax Group, said “Thalheimer is a market...
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December 27, 2012, 08:02 AM
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Huttig Building Products, a domestic distributor of millwork, building materials and wood products, entered into an agreement to amend and extend its $120 million senior secured credit facility. The amendment, among other things, extends the facility...
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December 24, 2012, 07:10 AM
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Wells Fargo Capital Finance announced that Pierre-Yves Morisset has joined the organization as a business development officer to lead its efforts in Western Canada. He will be based in Vancouver, British Columbia. Morisset’s efforts will be focused...
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December 21, 2012, 08:08 AM
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Federal-Mogul Corporation announced that it has engaged J.P. Morgan Securities and Wells Fargo Capital Finance to arrange certain amendments to its existing credit facility pursuant to which the company’s asset based revolving loan facility would be...
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December 04, 2012, 08:08 AM
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Design Within Reach announced the completion of a loan agreement with the Retail Finance Division of Wells Fargo Capital Finance. The five-year agreement for a $22.5 million senior secured revolving credit facility replaces the current $17.5 million...
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November 29, 2012, 08:32 AM
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According to an SEC filing, THQ Holdings reported Wells Fargo Capital Finance sent notice it is in default on its $50 million line of revolving credit.
The filing states THQ was unable, “without unreasonable effort or expense,” to file its Quarterly...
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November 12, 2012, 07:14 AM
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The Commercial Finance Association is pleased to announce its officers and Executive Committee for 2012-2013. Cole Taylor Bsuiness Capital's Bruce A. Sprenger is serving as Chairman of the Board. Michael D. Haddad from NewStar Business Credit is...
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November 09, 2012, 08:44 AM
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TCP Capital Corp., a business development company that trades on the NASDAQ Global Select Market, announced the appointment of Peter E. Schwab as an independent director.
Schwab has 39 years of experience in the asset-based lending industry, most...
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November 08, 2012, 07:49 AM
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Orchard Supply Hardware Stores Corp. closed on a new five-year senior secured credit facility consisting of a $120.0 million revolving credit facility and a $7.5 million FILO term loan, with Wells Fargo Capital Finance and Bank of America. The new...
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October 18, 2012, 08:00 AM
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New York Business Journal reported that Goldman Sachs helped Capital Access Network Inc. close on a $1 billion round of financing that will target small businesses. According to the report, New York City-based Capital Access said the investment bank...
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September 28, 2012, 08:00 AM
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Wells Fargo Capital Finance acted as left lead arranger and administrative agent and, together with the other arrangers, underwrote a $1.65 billion senior secured, asset-based revolving credit facility for SUPERVALU INC. The facility refinances a...
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September 06, 2012, 08:00 AM
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Wells Fargo Capital Finance arranged and agented a new five-year $200 million senior secured, asset-based revolving credit facility as part of a recapitalization for Barneys New York. The facility will be used for ongoing working capital...
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July 02, 2012, 06:00 AM
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