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Wells Fargo Capital Finance Provides Financing for APPVION Operations

August 10, 2018, 07:00 AM
Filed Under: Manufacturing

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 thermal and carbonless papers. The credit facilities will support APPVION’s current and future growth opportunities.

“It was important to secure financing that provides flexibility to support our strategic initiatives,” said Luke Kelly, Vice President & CFO, APPVION Operations, Inc. “The Wells Fargo team quickly earned our trust by listening to us and understanding our unique circumstances and requirements.  In addition, they applied an impressive combination of experience, industry knowledge and insight along with a sense of urgency to develop a financial package tailored to our company. We look forward to a long and mutually beneficial financing and banking relationship.”

“As an industry leader, APPVION is an innovative business with an impressive management team, which makes them an ideal fit for our flexible financing solutions,” said Joe Wells, Wells Fargo Capital Finance. “We look forward to working with APPVION’s team as they navigate this next chapter in their business”

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