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Legacy Corporate Lending Secures $100MM Credit Facility from Wells Fargo

October 24, 2023, 08:15 AM
Filed Under: Lender Finance

Legacy Corporate Lending announced the closing of a $100 million senior credit facility from Wells Fargo Capital Finance. The facility will support Legacy’s continued growth in serving the middle market ABL space.

“Wells Fargo is pleased to provide Legacy with the financial flexibility and industry expertise needed to support their business needs,” said Stewart Hayes, Managing Director at Wells Fargo Capital Finance. “We look forward to building a long-term relationship with the Legacy team as they continue to execute
on their growth strategy.”

“This credit facility from Wells Fargo Capital Finance is a testament to the strong progress Legacy has made in a short period of time and will enable us to grow and expand our platform even further,” said Paul Martin, Chief Investment Officer of Legacy. “We appreciate the opportunity to partner with Stewart and the Wells Fargo team and look forward to their continued support.”

Launched in May 2023 in partnership with Bain Capital Credit, L.P., Legacy provides revolving credit facilities and term loans to companies in an array of industries that seek to access capital outside of traditional bank lending or the syndicated lending market.

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