FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Wells Fargo Capital Finance Structures $100MM Credit Facility for FCN, Inc.

July 20, 2017, 07:17 AM
Filed Under: Technology

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 solutions, enterprise application development, personnel services, consultation services, and products vital to the operations of the Federal Government.

“Working with the Wells Fargo Capital Finance team has been a tremendous experience. The team’s knowledge of the technology industry was evident and allowed us to close the transaction quickly and efficiently,” said Anne Sullivan, president of FCN. “The financing solution enables us to accelerate our aggressive growth trajectory.” 

Established in 1991, FCN has provided products and services to most three-letter agencies, and a wide range of federal and Department of Defense (DoD) organizations globally. FCN is a premier provider of a wide range of commercial off-the-shelf (COTS) information technology (IT) products.

“FCN is a state-of-the-art, woman-owned company with a proven ability to provide tailored solutions for their clients,” said Mike Pettinger, Supply Chain Finance director at Wells Fargo Capital Finance. “We are very pleased to have been able to complete such significant financing that will enable FCN the financial flexibility to continue their growth objectives.”

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.