Legacy Corporate Lending announced the successful oversubscribed upsize of its asset-based lending (ABL) facility, from $125 million to $255 million, agented by Wells Fargo Capital Finance. This increased capacity, which is backed by a syndicate of premier banks, will support Legacy’s growth in serving the middle market ABL space in 2025 and beyond.
 
“As we pass our second anniversary since launching, we are thrilled to receive the continued support of Wells Fargo and four new lenders to our bank group,” said Paul Martin, Chief Investment Officer of Legacy. “This expanded facility will support our growing pipeline as we continue to serve middle market companies seeking novel lending solutions.”
 
“We are pleased to support Legacy as they continue to grow and deliver for their customers,” said David Koshenina, Head of Lender Finance for Wells Fargo Capital Finance. “We value the relationship we have built with Legacy since their launch, and we look forward to working together as they execute on their strategic priorities.”
 
Established in May 2023 through a strategic partnership with Bain Capital Credit, L.P., Legacy Corporate Lending specializes in providing revolving credit facilities and term loans to businesses across diverse industries. The firm aims to facilitate access to capital for companies seeking alternatives to traditional bank lending or the syndicated lending market.