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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
EverBank Joins Wells Fargo CF, AloStar in Hercules Capital’s $120MM Facility
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Lenders/Participants
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Wells Fargo Capital Finance [Lender]
EverBank [Lender]
Alostar Bank of Commerce [Lender]
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Structure
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Credit Facility w/ Accordion
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Amount
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$120.000
Million
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Borrower(s)
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Hercules Capital , Inc.
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Description
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Effective April 7, 2016, it has expanded its credit facility with Wells Fargo Capital Finance under which EverBank has committed $25.0 million, for a total of $120.0 million in credit capacity under a $300.0 million accordion credit facility, subject to borrowing base, leverage and other restrictions. Borrowings under the enhancement maintain the current interest rate of LIBOR plus 3.25% with no floor and a maturity date to August 2018, plus a 12-month amortization period. The advance rate of 50% against eligible loans remains the same. This is in addition to the company’s previous announcement on March 8, 2016, of adding AloStar Bank of Commerce to the Wells Fargo accordion credit facility by an additional $20.0 million commitment.
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Industry
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Lender Finance
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| Related Tags |
ALoStar Bank of Commerce, Everbank, Hercules Capital, Wells Fargo Capital Finance
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ABL Advisor
Deal Tables
2025
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