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East West Bank Agents Upsized $180MM Revolving Line of Credit for Wedbush Securities

July 06, 2021, 07:50 AM
Filed Under: Investor Services
Related: East West Bank

On June 22, 2021, East West Bank, the Sole Administrative Agent, together with an existing lender group upsized the two-year revolving line of credit facility from $130 million to $180 million for Los Angeles-based broker dealer and investment firm Wedbush Securities Inc.

The facility upsize will be used to support the ongoing growth of Wedbush and its operations.

“East West Bank is happy to continue to support Wedbush’s strong growth with the upsize to this facility. As Wedbush is the largest independent investment bank based in Southern California, they have been a core member of the local business community and beyond for decades,” said Andrew Stein, Senior Managing Director of East West Bank.

Dan Billings, Wedbush Securities’ EVP and Chief Financial Officer said, “Wedbush appreciates the partnership with East West Bank and the lender group. The upsized facility promotes Wedbush’s growth initiatives and our continued focus on client service.”

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