Wells Fargo announced that Doug Braunstein will join the company as Vice Chairman, effective February 28. Braunstein brings a broad set of financial services experiences to Wells Fargo, with particular expertise in serving as an advisor to boards and...
Read Story
February 28, 2024, 08:02 AM
|
Arevon Energy, a renewable energy developer, owner, and operator, has secured more than $1 billion in aggregate financing commitments for its Eland 2 Solar-plus-Storage Project in Kern County, California. The 374 megawatt (MWdc) solar project coupled...
Read Story
February 22, 2024, 07:00 AM
|
Montrose Environmental Group has upsized its senior secured credit Agreement to $400 million. The additional $100 million of availability includes a $50 million increase in the revolving credit facility to $175 million and a $50 million increase to...
Read Story
February 21, 2024, 07:52 AM
|
Churchill Asset Management, an investment specialist of Nuveen, closed a $400 million middle market collateralized loan obligation ("CLO"), Churchill MMSLF CLO III, on January 24, 2024.The CLO was structured in connection with Churchill’s...
Read Story
January 29, 2024, 07:55 AM
|
eCapital closed a $245 million increase to the syndicated bank line supporting its asset-based lending (ABL) group. The upsize brings the total facility size to $815 million. The latest increase follows a $110 million line upsizing completed less...
Read Story
January 08, 2024, 08:03 AM
|
Wells Fargo named Darlene Goins as head of Philanthropy and Community Impact and President of the Wells Fargo Foundation. She will be responsible for the company’s philanthropic strategy in housing access and affordability, financial health, small...
Read Story
December 11, 2023, 07:42 AM
|
Wells Fargo announced its formal plans to expand its Hudson Yards office footprint and create a better, more collaborative employee experience with the purchase of additional space at Hudson Yards. This transaction represents a significant investment...
Read Story
November 28, 2023, 07:40 AM
|
Wells Fargo announced that its Vice Chairman, Thomas R. Nides, has decided to leave the company to return his attention to events in the Middle East. Nides joined the company in September after retiring in July as U.S. Ambassador to Israel, a post he...
Read Story
October 30, 2023, 08:00 AM
|
Greenbacker Renewable Energy Company closed on a new warehouse financing facility in an initial aggregate principal amount of $75 million, with the potential to increase up to $250 million. Greenbacker will use the proceeds of the facility to support...
Read Story
August 21, 2023, 08:00 AM
|
Aequum Capital recently expanded its revolving line of credit led by Texas Capital Bank to $60 million by adding Wells Fargo & Company to the bank lending group. This new financing will further augment Aequum's significant equity base led by...
Read Story
June 28, 2023, 07:21 AM
|
Versana announced the addition of four new leading banks – Deutsche Bank, Morgan Stanley, U.S. Bancorp and Wells Fargo – as investors in its industry backed, digital data and technology platform transforming the $5 trillion syndicated loan market....
Read Story
March 29, 2023, 07:35 AM
|
Bank of America, Citigroup, JPMorgan Chase and Wells Fargo announced they are each making a $5 billion uninsured deposit into First Republic Bank. Goldman Sachs and Morgan Stanley are each making an uninsured deposit of $2.5 billion, and BNY-Mellon...
Read Story
March 17, 2023, 07:58 AM
|
Greenbacker Renewable Energy Company, a leading climate-focused investment manager and independent power producer, completed the closing of a new $150.0 million senior secured sustainability revolving credit facility. The closing of the credit...
Read Story
November 30, 2022, 07:43 AM
|
Fashion apparel retailer Express, Inc. announced two transactions in support of a comprehensive plan to refinance its capital structure and expand its liquidity access while concurrently reducing interest rate exposure and providing flexibility to...
Read Story
November 29, 2022, 08:00 AM
|
Wells Fargo & Company announced Mary Katherine DuBose as the head of the bank’s secured lending division that includes asset-based lending, equipment finance, supply chain finance, and inventory finance. DuBose reports to Kyle Hranicky, Chief...
Read Story
July 21, 2022, 08:02 AM
|
A federal judge on Friday dismissed class-action claims that Wells Fargo & Co, the fourth-largest U.S. bank, misled or defrauded shareholders about its commercial loans, Reuters reported.
U.S. District Judge William Alsup in San Francisco, CA, said...
Read Story
May 09, 2022, 08:08 AM
|
Select Energy Services, a leading provider of sustainable full life cycle water and chemical solutions to the U.S. unconventional oil and gas industry, successfully transitioned its existing Asset-Backed Loan facility into a Sustainability-Linked...
Read Story
March 18, 2022, 07:26 AM
|
Wells Fargo appointed Derek Flowers as the company’s Chief Risk Officer, effective immediately. Flowers will lead all aspects of Wells Fargo’s Independent Risk Management function, including compliance risk management. He will continue to serve as a...
Read Story
January 19, 2022, 08:03 AM
|
Wells Fargo entered into a definitive agreement to sell its Corporate Trust Services (CTS) business to Computershare. The transaction is expected to close in the second half of 2021, subject to customary closing conditions. Under the terms of the...
Read Story
March 24, 2021, 07:42 AM
|
Wells Fargo has appointed Eric Yoss as Chief Risk Officer (CRO) for Corporate & Investment Banking (CIB), reporting to enterprise CRO Mandy Norton. Yoss will join the company on February 1. His appointment completes the leadership team for the...
Read Story
December 09, 2020, 08:30 AM
|
Stamps.com Inc. (SDC) entered into an Amended and Restated Credit Agreement, dated as of June 29, 2020, by and among SDC, Wells Fargo Bank, National Association, JPMorgan Chase Bank, N.A., and Bank of America, N.A., the lenders from time to time...
Read Story
July 06, 2020, 08:00 AM
|
BlackRock, Inc and certain of its subsidiaries entered into Amendment No. 9 ("Amendment No. 9") to its Five-Year Revolving Credit Agreement, dated as of March 10, 2011, as amended by Amendment No. 1 thereto, dated as of March 30, 2012, Amendment No....
Read Story
April 01, 2020, 09:00 AM
|
36th Street Capital announced it increased its expandable senior secured revolving credit facility to $170 million in addition to amending terms to a new five-year facility.San Francisco, CA-based Wells Fargo Bank has joined the syndicate with an...
Read Story
March 09, 2020, 09:15 AM
|
AJ Walter Aviation Limited, part of the AJW Group (AJW), the world-leading independent specialist in the global management of aircraft spares, closed a $70m senior secured credit facility with Wells Fargo Capital Finance (UK) Limited - part of Wells...
Read Story
February 21, 2020, 08:30 AM
|
Pier 1 Imports, Inc. (“Pier 1” or the “Company”) announced that it has entered into a Plan Support Agreement (the “PSA”) with a majority of its term loan lenders and is pursuing a sale of the Company. To facilitate an orderly sale process and...
Read Story
February 18, 2020, 09:03 AM
|
ARC Document Solutions, LLC, a wholly-owned subsidiary of ARC Document Solutions, Inc., entered into an amendment to its Credit Agreement, initially dated as of November 20, 2014 with Wells Fargo Bank, National Association, as administrative agent...
Read Story
December 23, 2019, 08:00 AM
|
Wells Fargo & Company announced Scott Powell has been named Chief Operating Officer effective Dec. 9. He will serve on the company’s Operating Committee and report directly to CEO and President Charlie Scharf. Powell most recently was CEO of...
Read Story
December 03, 2019, 09:00 AM
|
Equity Residential announced its operating partnership has entered into a $2.5 billion multi-currency revolving credit facility, replacing its existing $2.0 billion credit agreement. The new facility matures on November 1, 2024, and can be extended...
Read Story
November 08, 2019, 08:50 AM
|
Wells Fargo & Company announced that Mark Myers, Executive Vice President and head of Commercial Real Estate (CRE) within the company’s Wholesale Banking group, has shared his intention to retire. Myers, 64, has been with Wells Fargo for 39 years...
Read Story
November 05, 2019, 08:50 AM
|
Kaiser Aluminum Corporation announced that it has entered into a $375 million, five-year senior secured revolving credit facility replacing its previously existing facility from Wells Fargo that was due to mature in December 2020. The new facility...
Read Story
November 01, 2019, 08:40 AM
|
Cross Country Healthcare, Inc. announced the Company entered into a new $120 million senior secured asset-based credit facility (ABL) replacing its prior credit facility. The initial amounts drawn on the new ABL included funds to repay its...
Read Story
October 29, 2019, 08:58 AM
|
Wells Fargo Equipment Finance (WFEF), a division of Wells Fargo Commercial Capital (WFCC), announced the appointment of three key leaders in its Specialty Industries business unit, led by Executive Vice President Byron Payne.
Effective immediately...
Read Story
October 03, 2019, 08:50 AM
|
Gibraltar Business Capital, an industry leader in alternative financing for middle-market businesses, announced an increase in its credit line with Wells Fargo, N.A. In 2018, Wells Fargo raised Gibraltar’s facility from $75 million to $100 million....
Read Story
October 01, 2019, 08:50 AM
|
In connection with the closing of its merger with WageWorks, Inc., HealthEquity entered into a Credit Agreement among HealthEquity, as borrower, and Wells Fargo Bank, N.A., as administrative agent. The five-year senior secured term loan A facility...
Read Story
September 03, 2019, 08:37 AM
|
Wells Fargo has named Hans Sitarz to lead commercial banking operations in Alabama and Mississippi, according to mupress reports.Sitarz, a 26-year veteren of the bank, has previously worked at positions with Middle Market Banking in Birmingham, PNC...
Read Story
July 26, 2019, 09:00 AM
|
Solaris Water Midstream, LLC, a provider of water-related infrastructure to the oil and gas industry, announced it has increased the size of its revolving credit facility to $350 million from $250 million. Cadence Bank N.A. acted as lead arranger...
Read Story
July 02, 2019, 08:45 AM
|
Wells Fargo & Company provided additional information about its newly formed Strategic Execution and Operations Office, which is focused on achieving operational excellence across businesses to enable the company to execute more effectively against...
Read Story
July 01, 2019, 08:30 AM
|
Wells Fargo announced that renewable-energy-finance pioneer Barry Neal will retire July 1, and Philip Hopkins will assume sole leadership of the company’s Renewable Energy & Environmental Finance business, which is part of Wells Fargo Commercial...
Read Story
June 24, 2019, 09:05 AM
|
Legacy Reserves Inc., and collectively with its subsidiaries, announced its board of directors has approved, and the company has executed, a restructuring support agreement with its lenders under its reserve based revolving credit facility (RBL...
Read Story
June 14, 2019, 09:30 AM
|
Boot Barn Holdings, Inc. announced that it amended both its revolving credit facility and term loan on June 6, 2019.The amendment to its revolving credit facility increased the capacity from $135.0 million to $165.0 million and extended the maturity...
Read Story
June 13, 2019, 08:47 AM
|
Resolute Forest Products Inc. announced a 5-year extension of its senior secured asset-based revolving credit facility with an aggregate lender commitment of up to $500 million at any time outstanding, subject to borrowing base availability based on...
Read Story
May 15, 2019, 08:55 AM
|
OSI Systems, Inc. (OSIS) announced that it has entered into an amendment to its senior secured credit facility that increases the amount available to borrow to $535 million, lowers borrowing costs, increases the flexibility of certain restrictive...
Read Story
April 24, 2019, 08:45 AM
|
Wells Fargo announced that David Gillespie has been appointed head of Coverage for Corporate & Investment Banking (CIB), leading the organization’s industry-focused and specialty practice groups, effective immediately. The Coverage group provides...
Read Story
March 07, 2019, 08:18 AM
|
Wells Fargo & Company, one of the leading SBA (Small Business Administration) lenders in the U.S., announced that 38-year company veteran Don Fracchia has been named head of its SBA lending division.
In this role, Fracchia will lead more than 400...
Read Story
February 15, 2019, 07:15 AM
|
Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that it acted as administrative agent, lead arranger, and book runner for a $1.2 billion asset-based credit facility and a $125 million term loan facility in connection with the...
Read Story
February 01, 2019, 08:10 AM
|
Masonite International Corporation announced it entered into an Amended and Restated $250 million asset-based revolving credit facility, which is secured by the Company’s inventory and accounts receivable in the United States, United Kingdom (UK) and...
Read Story
February 01, 2019, 08:00 AM
|
CBL Properties announced that it had closed on a new $1.185 billion senior secured facility, which includes a fully-funded $500 million term loan and a revolving line of credit with total borrowing capacity of $685 million.
“We are pleased to close...
Read Story
January 31, 2019, 07:47 AM
|
Shopko, a operator of general merchandise stores throughout the Central, Western and Pacific Northwest regions of the U.S., announced that it, along with its subsidiaries, has filed voluntary petitions for a court-supervised financial restructuring...
Read Story
January 17, 2019, 07:51 AM
|
Vista Outdoor Inc. completed a refinancing of its existing senior secured credit facilities consisting of a $200 million revolving credit facility and a $400 million term loan A dated as of April 1, 2016, among Vista, the lenders from time to time...
Read Story
November 21, 2018, 07:17 AM
|
Wells Fargo Bank, N.A., and a group of institutional investors, including funds affiliated with BlackRock, Inc. and PIMCO, announced that they have reached a settlement that resolves two class action lawsuits in federal and state court related to...
Read Story
November 13, 2018, 07:06 AM
|
Walker & Dunlop, Inc. announced that it has closed on the refinance of its senior secured seven-year term loan. The refinance launched at $250 million but was increased to $300 million due to strong demand from institutional investors. The term loan...
Read Story
November 08, 2018, 07:15 AM
|
Wells Fargo Securities, the investment banking and capital markets business of Wells Fargo & Company, has announced the following new hires to its Government & Institutional Banking Division: Patrick McCarthy, Moira Baldwin and Ian Spier. Each join...
Read Story
October 31, 2018, 08:07 AM
|
Wells Fargo & Company announced it has closed a $700 million syndicated loan facility to The Howard Hughes Corporation® (HHC), a publicly traded company that owns, manages and develops commercial, residential and mixed-use real estate throughout the...
Read Story
October 29, 2018, 07:05 AM
|
Wells Fargo & Co. announced that Chief Administrative Officer Hope Hardison and Chief Auditor David Julian have begun leaves of absence from Wells Fargo and will no longer be members of the company’s Operating Committee. These leaves relate to...
Read Story
October 25, 2018, 08:00 AM
|
Diamond Offshore Drilling, Inc., as the U.S. borrower, and the Company’s wholly owned subsidiary, Diamond Foreign Asset Company, a Cayman Islands exempted company (DFAC), as the foreign borrower, entered into a senior 5-Year Revolving Credit...
Read Story
October 08, 2018, 07:08 AM
|
Firearms maker Sturm, Ruger & Co. has inked a new credit facility with Wells Fargo Bank, National Association. The Credit Agreement provides for a revolving line of credit of up to $40 million, with a $10 million sublimit for letters of credit....
Read Story
October 04, 2018, 07:05 AM
|
Stein Mart, Inc. announced that it has extended and amended its existing revolving credit agreement with Wells Fargo Bank (Wells Fargo) and its term loan agreement with Gordon Brothers Finance Company (GBF). These agreements are coordinated through...
Read Story
September 20, 2018, 07:13 AM
|
Industrea Acquisition Corp. entered into an Agreement and Plan of Merger with Concrete Pumping Holdings Acquisition Corp., a Delaware corporation and wholly owned subsidiary of the Company (Newco), Concrete Pumping Intermediate Acquisition Corp., a...
Read Story
September 10, 2018, 07:02 AM
|
Methode Electronics, Inc., a global developer of custom engineered and application-specific products and solutions, announced that it has entered into a definitive agreement to acquire Grakon Parent, Inc. (Grakon), a global designer and manufacturer...
Read Story
August 21, 2018, 07:16 AM
|
Chico's FAS, Inc. announced that it has completed a $200 million senior secured credit facility with Wells Fargo & Company and other lenders to support ongoing business operations."After an in-depth evaluation, we chose Wells Fargo to lead our new...
Read Story
August 06, 2018, 07:17 AM
|
Brookstone Company, the iconic mall retailer, announced it has begun the process of closing the company’s remaining 101 locations and is seeking a buyer for the firm. The company cited the "continued deterioration of traditional retail mall traffic"...
Read Story
August 03, 2018, 08:00 AM
|
Wells Fargo Middle Market Banking announced that Arnie Adkins has been named regional vice president for its Western Mid-Atlantic commercial lending operations, covering Lynchburg, Southwest Virginia, the Shenandoah Valley, and West Virginia.Based in...
Read Story
August 01, 2018, 07:01 AM
|
Wells Fargo Securities, the investment banking and capital markets business of Wells Fargo & Company, announced that Scott Van Bergh has joined as vice chairman in the Energy & Power Investment Banking group. Van Bergh will provide advice and...
Read Story
July 25, 2018, 07:48 AM
|
Wells Fargo announced Chief Economist John Silvia will retire as head of the Economics Group at Wells Fargo Securities after 16 years with the company.Silvia, who is based in Charlotte, will remain with the company through July 31. He has held the...
Read Story
July 10, 2018, 08:00 AM
|
Wells Fargo announced that 26-year banking veteran Marci Davis has been promoted to Central Coast Middle Market Banking regional manager. She succeeds Barbara White Thompson, who became head of the company’s Business Risk Management Group.
Davis, a...
Read Story
June 27, 2018, 07:41 AM
|
Gray Television, Inc. and Raycom Media, Inc., an employee-owned company, jointly announced that they have entered into an agreement to combine their companies in a transformative transaction that will create the single largest owner of top-rated...
Read Story
June 26, 2018, 07:43 AM
|
John Bean Technologies Corporation and John Bean Technologies Europe B.V. entered into a Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the other lenders party thereto. The Credit Agreement provides for a...
Read Story
June 22, 2018, 07:04 AM
|
Wells Fargo & Company announced the class-action lawsuit settlement concerning improper retail sales practices (Jabbari v. Wells Fargo Bank, N.A.) received final approval in a June 14 order from the U.S. District Court for the Northern District of...
Read Story
June 18, 2018, 07:18 AM
|
Patrick Industries, Inc. announced that it has completed the acquisition of Marine Accessories Corporation and has expanded the size of its credit facility.MAC is a manufacturer, distributor and aftermarket supplier of custom tower and canvas...
Read Story
June 12, 2018, 07:00 AM
|
Wells Fargo Middle Market Banking announced that it has promoted Abigail (Abby) Matia to lead its commercial lending operations for the Mid-Atlantic Region, including Virginia, Maryland, West Virginia, and the District of Columbia. Taking the reins...
Read Story
June 05, 2018, 07:30 AM
|
Kimbell Royalty Partners, LP, an owner of oil and gas mineral and royalty interests across 20 states, announced that it has agreed to acquire the mineral and royalty interests held by Houston-based Haymaker Minerals & Royalties, LLC and Haymaker...
Read Story
May 30, 2018, 07:25 AM
|
Rowan Lux, as borrower, and Rowan, an offshore drilling company, entered into the New Credit Agreement with Wells Fargo, as administrative agent, an issuing lender and a swingline lender, the lenders party thereto and the other parties thereto. The...
Read Story
May 29, 2018, 07:09 AM
|
BWX Technologies, a developer of medical technology, entered into a $500.0 million senior secured revolving credit facility with Wells Fargo Bank, National Association, serving as administrative agent.The New Credit Facility, which is due 2023, also...
Read Story
May 25, 2018, 07:24 AM
|
VEREIT, Inc., a Maryland-based realestate management firm, entered, into a $2.9 billion credit agreement dated as of May 23, 2018 by and among the Operating Partnership, as borrower, the Company, as guarantor, the financial institutions from time to...
Read Story
May 24, 2018, 07:15 AM
|
Wells Fargo’s Renewable Energy and Environmental Finance unit announced the completion of $70 million in tax-equity funding for the Pacific Plains wind projects, including facilities in Indiana, Nebraska, and California.Over the past decade, Wells...
Read Story
April 26, 2018, 07:25 AM
|
Wells Fargo’s Middle Market Banking group announced that it has opened a regional office here, rounding out the bank’s New England expansion. The bank has tapped 28-year banking veteran Deborah (Deb) Larsen to lead commercial lending operations in...
Read Story
April 24, 2018, 08:01 AM
|
Wells Fargo & Company announced that its Middle Market Banking division led a syndicated credit facility to support Foley Inc.’s acquisition of Giles & Ransome Inc. Specific terms were not disclosed.
Foley, a regional Caterpillar dealer, acquired...
Read Story
April 20, 2018, 07:26 AM
|
Delek US Holdings, Inc. announced that it has closed on a new $1.0 billion senior secured revolving ABL credit facility and a $700.0 million senior secured term loan B. These Facilities are expected to simplify the debt structure as they consolidate...
Read Story
April 02, 2018, 08:00 AM
|
The Walking Company Holdings, Inc., has announced that it has obtained critical stakeholder support for a comprehensive recapitalization of the Company. The Company’s controlling shareholders have committed to invest $10 million in new equity into...
Read Story
March 20, 2018, 07:12 AM
|
Wells Fargo & Company has promoted James Trankle to lead its Nebraska commercial lending team. Based in Omaha, he reports to Grant Friesth, Central Division manager for Wells Fargo Middle Marking Banking.
Trankle now oversees Wells Fargo’s local...
Read Story
March 16, 2018, 07:22 AM
|
Construction industry executives are more optimistic about nonresidential construction activity than they have been since the 21st Century, according to a nationwide survey of industry contractors and equipment distributors released today from Wells...
Read Story
March 01, 2018, 07:18 AM
|
FTS International, Inc. entered into a Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the several lenders party thereto, pursuant to which the Lenders agreed to provide the Company an asset-based lending...
Read Story
February 26, 2018, 07:35 AM
|
Wells Fargo Middle Market Banking announced that it has promoted 14-year banking veteran Jeff Brouillard to lead its San Antonio Middle Market Banking team as regional vice president. He replaces former market leader Mark Metcalfe, who recently...
Read Story
February 15, 2018, 07:15 AM
|
Wells Fargo Middle Market Banking announced that 26-year banking veteran Douglas E. Kilton now leads its Houston Middle Market Banking team as regional vice president. Kilton replaces Rosine Matthews, who recently transitioned to another leadership...
Read Story
November 28, 2017, 07:11 AM
|
SL Green Realty Corp., New York City's largest commercial property owner, announced that it has refinanced, extended and expanded its unsecured corporate credit facility by $217 million, to $3.0 billion.The 5-year funded term loan component of the...
Read Story
November 27, 2017, 07:35 AM
|
Wells Fargo & Company announced it has named Steve Sloan – a financial services veteran with deep commercial and corporate banking experience – as head of Middle Market Banking for Northern California. Based in San Francisco, Sloan oversees more than...
Read Story
November 02, 2017, 08:00 AM
|
Wells Fargo Middle Market Banking announced that it has promoted three executives within its Illinois commercial lending operations. The company named 21-year banking veteran Chris Nay to lead six teams statewide as division manager, effective...
Read Story
October 24, 2017, 07:45 AM
|
First Eagle Investment Management and NewStar Financial Inc. announced that they have entered into a definitive agreement for First Eagle to acquire NewStar, an established lender and investment manager specializing in direct lending to middle-market...
Read Story
October 17, 2017, 08:00 AM
|
Wells Fargo Corporate Banking, part of Wells Fargo & Company, has formed the Hotel Franchise Finance division to provide real estate financing to multi-unit owners and operators of franchised hotels in the select-service and extended-stay segments....
Read Story
October 17, 2017, 07:25 AM
|
Wells Fargo & Company announced that it has named Mike Roemer as chief compliance officer. Roemer, a 27-year financial services veteran, most recently served as group head of Compliance for Barclays. Roemer will join the company in January 2018 and...
Read Story
October 13, 2017, 07:50 AM
|
BlueLinx Holdings Inc. a distributor of building and industrial products in the United States, announced it has executed an agreement that provides the company with a new five year, $335 million syndicated secured asset based revolving credit...
Read Story
October 10, 2017, 07:22 AM
|
Stonemont Financial Group, an Atlanta-based investment management firm, recently established an office in Charlotte and added three executives to its team. Matt McCoy, who will serve as president of the new Stonemont Income Fund, along with Jack...
Read Story
October 10, 2017, 07:22 AM
|
Stonegate Capital announced that it has hired Jay Fabian as a Director in its Chicago office.
“We are so excited for Jay to join our team,” said Andrea Hedrick, Stonegate’s Head of Originations. “Our primary goal at Stonegate is to be the...
Read Story
October 09, 2017, 07:20 AM
|
White Oak Commercial Finance, LLC (WOCF) an affiliate of White Oak Global Advisors, LLC and its institutional clients, announced that it had bolstered its Asset-Based Lending team with the appointment of commercial financing veteran Mignon Winston to...
Read Story
September 21, 2017, 07:20 AM
|
Citizens Bank announced that Wit Derby and Vincent Ng have joined the Structured Finance Group at Citizens Commercial Banking.Derby joins Citizens from FTI Consulting where he has been a Managing Director for the past eight years. A Cornell...
Read Story
September 21, 2017, 07:10 AM
|
Wells Fargo announced that it has expanded its technology and life sciences focus in the Southwest, adding local, dedicated coverage for the bank’s Arizona, Nevada, and New Mexico technology and life sciences customers. The expansion leverages the...
Read Story
September 11, 2017, 08:00 AM
|
Textainer Group Holdings Limited, one of the world's largest lessors of intermodal containers, announced that Textainer Marine Containers II Limited, an indirect, wholly-owned subsidiary of the Company, closed a refinancing to extend the term and...
Read Story
September 07, 2017, 07:11 AM
|
Citizens Bank has hired Jerry Hullinger as Managing Director and Head of Syndicate. Hullinger has 25 years of experience in leveraged finance and worked for Wells Fargo / Wachovia Securities for the last 20 years, most recently as a Managing Director...
Read Story
August 28, 2017, 09:00 AM
|
Perfumania Holdings, Inc., a U.S. specialty retailer and distributor of designer fragrances and related beauty products, announced that it has initiated a recapitalization to be facilitated through a pre-packaged Plan of Reorganization to reduce its...
Read Story
August 28, 2017, 08:43 AM
|
As part of an ongoing strategy to expand operations in new markets, Wells Fargo’s Business Banking Group (BBG) named Don Hayes head of the newly established Ohio & Western Pennsylvania region. In this role, Hayes leads a local team dedicated to...
Read Story
July 25, 2017, 08:00 AM
|
Wells Fargo & Company announced that it has named 27-year banking veteran Becky Gibson to lead its Iowa Middle Market Banking team as regional vice president, effective immediately. Iowa is one of Wells Fargo’s most-established markets, growing...
Read Story
July 20, 2017, 07:08 AM
|
J. C. Penney Company, Inc. announced that it has completed the refinancing of its $2.35 billion senior secured asset-based revolving credit facility.
The amended and restated facility provides improved pricing terms and extends the maturity from...
Read Story
June 21, 2017, 07:30 AM
|
In a move to further strengthen its capabilities and local market presence, Wells Fargo’s Business Banking Group (BBG), part of Wells Fargo & Company, announced it has moved from three to seven regions, with a banking leader appointed for each. With...
Read Story
June 06, 2017, 08:00 AM
|
Wells Fargo & Company announced that it has named 16 year company veteran Brendon Riley to its Dallas Middle Market Banking leadership team as regional vice president, effective immediately. He succeeds Tom Krueger, who joined the company’s Great...
Read Story
June 06, 2017, 07:10 AM
|
Federal Signal Corporation executed a First Amendment to Amended and Restated Credit Agreement, by and among the Company and certain of its foreign subsidiaries, Wells Fargo Bank, National Association, as administrative agent, and the lenders party...
Read Story
June 05, 2017, 07:16 AM
|
Summit Midstream Partners, LP announced that its wholly owned subsidiary, Summit Midstream Holdings, LLC, has executed an amendment and extension of its $1.25 billion revolving credit facility. The facility is supported by a syndicate of 20...
Read Story
May 31, 2017, 07:26 AM
|
Kforce Inc., a provider of professional staffing services and solutions, announced it has completed a new $300 million revolving credit facility with a syndicate led by Wells Fargo Bank, N.A. The new credit facility, which expires in May 2022...
Read Story
May 26, 2017, 07:23 AM
|
Ryman Hospitality Properties, Inc., a lodging real estate investment trust (REIT) specializing in group-oriented, destination hotel assets in urban and resort markets, today completed a series of refinancing transactions that were previously...
Read Story
May 25, 2017, 07:30 AM
|
Wells Fargo served as the administrative agent on a $100 million increase in the principal amount of Ryman Hospitality Properties's existing credit agreement, according to an SEC filing.
Ryman Hospitality Properties, Inc. entered into a Fifth...
Read Story
May 16, 2017, 07:14 AM
|
Parsley Energy, Inc. announced that the company amended its revolving credit agreement, thereby increasing the borrowing base by 60% to $1.4 billion, with a company-elected commitment amount of $1.0 billion. Wells Fargo Bank served as administrative...
Read Story
May 02, 2017, 07:11 AM
|
Wells Fargo announced that it has established a new Southwest Division of its Middle Market Banking business. The new division will expand local, dedicated expertise for the bank’s Arizona, Nevada, and New Mexico customers.
Selected to lead the new...
Read Story
April 21, 2017, 07:33 AM
|
Wells Fargo & Company announced that Lisa McGeough has been named head of its new Financial Institutions Group (FIG), effective April 10. The newly-established FIG includes the Global Financial Institutions business, formerly part of Wells Fargo’s...
Read Story
April 11, 2017, 08:00 AM
|
General Finance Corporation, a specialty rental services company offering portable storage, modular space and liquid containment solutions in North America and in the Asia-Pacific region of Australia and New Zealand, announced the amendment and...
Read Story
March 29, 2017, 07:15 AM
|
Wells Fargo (WFC) announced that veteran commercial banker Grant Friesth will head the Central Division for Middle Market Banking, effective immediately. Friesth, who previously led Middle Market Banking in Iowa, now also manages Nebraska, North...
Read Story
March 15, 2017, 08:10 AM
|
Midstream provider Lucid Energy Group announced that the company has completed the refinancing and expansion of its two senior revolving credit facilities. The additional financing will be used to support Lucid’s growth strategies in the Midland and...
Read Story
March 15, 2017, 07:36 AM
|
Gander Mountain Company announced that, to maximize the opportunity to achieve a "going-concern" sale of its business, it and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy...
Read Story
March 13, 2017, 07:15 AM
|
hhgregg, Inc. announced that the company has taken action to restructure its balance sheet and better position itself for future success by filing voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code.
The...
Read Story
March 07, 2017, 07:15 AM
|
As part of its ongoing plan and focus to significantly enhance its financial flexibility, TPC Group announced that it has successfully amended and extended its revolving asset-based (ABL) credit facility. Working closely with its lead banks, Bank of...
Read Story
January 31, 2017, 08:00 AM
|
Gibraltar Business Capital announced that Dave Meier has joined as Business Development Officer. Based in the company’s Northbrook headquarters, Dave will focus on the Midwest Region – including Ohio, Indiana, Michigan, Illinois, Wisconsin, Missouri...
Read Story
December 13, 2016, 07:14 AM
|
GMS Inc., a leading North American distributor of gypsum wallboard and suspended ceiling systems, announced an amendment to its ABL Credit Agreement (“ABL”). Under the agreement, the ABL will, among other things, expand to $345 million from $300...
Read Story
November 23, 2016, 07:38 AM
|
Wells Fargo & Company announced Gary Orr has been tapped to head its Real Estate Specialty and Commercial Real Estate Services groups within Wells Fargo Middle Market Banking, effective immediately.In his new role, Orr, who is based in Sacramento, CA...
Read Story
November 23, 2016, 07:12 AM
|
Marquette Business Credit announced its appointment of Michel Lynch as Senior Vice President, Senior Credit Officer. Working out of Minneapolis, Minnesota, Lynch will support credit activity within the existing portfolio and on new business...
Read Story
November 01, 2016, 07:33 AM
|
Bloomberg reports Nine West Holdings Inc.’s senior lenders have agreed to lift a loan restriction in order to give the struggling footwear chain breathing room to get through the holiday season, according to people with knowledge of the matter.The...
Read Story
October 26, 2016, 08:01 AM
|
sPower, a leading renewable energy provider, announced today the completion of a tax equity investment and syndicated construction and term loan facility totaling $786 million. KeyBanc Capital Markets Inc. acted as Coordinating Lead Arranger for the...
Read Story
October 07, 2016, 07:43 AM
|
Reuters Loan Pricing Corporation reports business development companies (BDCs), which extended share price gains this summer after a prolonged slump, still face hurdles that prime the specialized closed end investment funds for consolidation...
Read Story
September 19, 2016, 08:05 AM
|
Continuing its steady growth of commercial banking in the East, Wells Fargo & Company – No. 1 in total middle market banking share in the U.S. – announced it has opened its first Middle Market Banking office in Albany to serve the Capital Region of...
Read Story
August 31, 2016, 07:06 AM
|
American Homes 4 Rent, a leading provider of high quality single-family homes for rent, announced the company entered into a $1 billion credit agreement with a syndicate of banks led by Wells Fargo Bank, National Association, as administrative agent...
Read Story
August 18, 2016, 07:28 AM
|
Solar Senior Capital Ltd. announced that a wholly owned subsidiary of its First Lien Loan Program ("FLLP"), a joint venture with Voya Investment Management to invest in first lien senior secured loans to U.S. middle- market companies, has amended its...
Read Story
August 16, 2016, 07:28 AM
|
Quanex Building Products Corporation announced that it has entered into new senior secured credit facilities (the "New Senior Credit Facilities") due 2021 totaling $450 million, comprised of a $300 million revolving credit facility and a $150 million...
Read Story
August 01, 2016, 08:25 AM
|
MB Business Capital announced that James Ogonosky has joined its middle-market asset based lending team as senior vice president in MB’s new Houston, Texas office. In this role, he will source lending and commercial banking opportunities for MB...
Read Story
July 18, 2016, 08:11 AM
|
Verso Corporation announced that the company and its subsidiaries have emerged from bankruptcy following a successful financial restructuring and confirmation of its Chapter 11 plan of reorganization by the U.S. Bankruptcy Court for the District of...
Read Story
July 18, 2016, 08:01 AM
|
hhgregg, Inc. (hhgregg or the Company) announced that it has amended its existing revolving credit facility, providing the company with increased financial flexibility. According to an 8-K filing with the SEC, Wells Fargo serves as administrative and...
Read Story
June 29, 2016, 07:45 AM
|
In a company press release, Gibraltar Capital Holdings announced that Gibraltar Business Capital (GBC), the company's asset-based lending company, can now lead facilities of up to $10 million. Its small business capital company, Gibraltar Capital...
Read Story
June 17, 2016, 07:56 AM
|
Wells Fargo Corporate Banking announced that it has formalized the Consumer & Retail Group to focus on offering capital solutions, financing expertise and traditional banking products to customers in this sector. “With the leadership we’ve...
Read Story
June 03, 2016, 07:51 AM
|
Wells Fargo & Company has named leaders for its Equipment Finance and Commercial Distribution Finance (CDF) Canada divisions following the completed acquisition of GE Capital’s Direct, Vendor and CDF businesses earlier this year. Continuing to...
Read Story
May 19, 2016, 07:58 AM
|
Penn Virginia Corporation announced that it and certain of its subsidiaries have filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of Virginia, Richmond...
Read Story
May 12, 2016, 07:40 AM
|
Wells Fargo & Company announced that it has completed the purchase of the North American portions of GE Capital’s Commercial Distribution Finance and Vendor Finance businesses as well as a portion of its Corporate Finance business, totaling $27.4...
Read Story
March 02, 2016, 07:24 AM
|
RealPage, Inc., a leading provider of on demand software and software-enabled services for the multifamily, single-family and vacation rental housing industries, announced that the company has entered into an agreement to amend certain terms as part...
Read Story
February 29, 2016, 08:02 AM
|
Rifco National Auto Finance Corporation, subsidiary of Rifco Inc. has extended its $100 million bank line of credit from the Wells Fargo lead banking syndicate.The facility will now be a three-year committed facility with a maturity date of Feb 17...
Read Story
February 19, 2016, 07:53 AM
|
SUPERVALU INC.announced it has completed the repricing, amendment and extension of its existing $1.0 billion asset-based revolving credit facility, which is secured by the company’s inventory, credit card and certain other receivables and certain...
Read Story
February 05, 2016, 08:02 AM
|
Prime Healthcare Services, Inc. announced that it has closed a $700 million senior secured credit facility led jointly by Wells Fargo Bank, N.A. and Barclays Bank, PLC. ABL Advisor has learned that Wells Fargo Capital Finance (WFCF) was the joint...
Read Story
January 27, 2016, 07:17 AM
|
J. C. Penney Company, Inc. announced it has received $500 million of incremental bank commitments to increase the size of the revolving line of credit under its existing Senior Secured Asset-Based Credit Facility (“ABL”) to $2.35 billion from $1.85...
Read Story
November 17, 2015, 08:11 AM
|
According to an exclusive Reuters report, GE is in advanced talks to sell a specialty finance portfolio, worth more than $30 billion, to Wells Fargo & Co, according to a person familiar with the matter.According to the Reuters report, Wells Fargo has...
Read Story
October 12, 2015, 07:54 AM
|
Wells Fargo & Company announced Frank Pizzo, a 17-year company veteran, has been named the new regional president for its Europe, Middle East & Africa (EMEA) region, succeeding Jim Johnston who will return to the U.S. at the end of the year. Pizzo...
Read Story
September 14, 2015, 07:19 AM
|
Wells Fargo announced John Coad has been named national sales manager for SBA Lending. A senior sales leader with 30 years of experience in commercial lending, including SBA lending and small business leadership roles at GE Capital, Coad will lead a...
Read Story
August 26, 2015, 08:02 AM
|
Pernix Therapeutics Holdings, a specialty pharmaceutical company, today announced the completion of a new three-year $50 million revolving credit facility with Wells Fargo. The new facility bears an interest rate of LIBOR plus 1.5% to LIBOR plus 2.0%...
Read Story
August 25, 2015, 07:19 AM
|
CraftWorks Restaurants & Breweries, Inc., the largest craft brewery restaurant operator in the country, announced the completion of a successful $172.5 million refinance of its existing senior debt facility. On the heels of this transaction, the...
Read Story
August 24, 2015, 07:42 AM
|
Wells Fargo announced that Perry Pelos, executive vice president and group head of the company’s Commercial Banking business, will take on an expanded leadership role overseeing the Commercial Banking, Corporate Banking, and Treasury Management lines...
Read Story
July 23, 2015, 07:13 AM
|
Boot Barn Holdings, Inc. announced the completion of its previously announced acquisition of Sheplers, Inc., a 115-year old western lifestyle company with 25 retail locations across the United States and an industry-leading e-commerce business.The...
Read Story
June 30, 2015, 08:01 AM
|
IDEX Corporation announced it has closed a new five year, $700 million senior revolving credit facility. The facility was financed through a syndication of 10 financial institutions, co–led by Bank of America, N.A., JP Morgan Chase, N.A., and Wells...
Read Story
June 24, 2015, 07:49 AM
|
Ultegra Financial Partners, Inc. announced that Thomas O'Rourke will be serving as Ultegra's new Chief Marketing Officer. Ultegra FInancial Partners is a private investment bank that directly invests, participates in debt facilities, and arranges...
Read Story
June 24, 2015, 07:18 AM
|
Bloomberg reported that Wells Fargo & Co. and Toronto-Dominion Bank are exploring offers for a batch of U.S. commercial-lending businesses General Electric Co. is selling as whittles down its finance arm.According to the Bloomberg story, Capital One...
Read Story
June 12, 2015, 07:45 AM
|
Stock Building Supply Holdings, Inc. and Building Materials Holding Corporation ("BMC"), two leading building materials and solutions providers to professional contractors, today announced the signing of a definitive merger agreement under which the...
Read Story
June 04, 2015, 07:56 AM
|
Key Energy Services, Inc. has closed a $100 million asset-based revolving credit facility ("ABL") due February 2020 and closed and funded a $315 million term loan facility due June 2020. The facilities replace Key's existing $400 million senior...
Read Story
June 02, 2015, 08:09 AM
|
Resolute Forest Products Inc. has entered into a new five-year credit agreement for a senior secured asset-based revolving credit facility with an aggregate lender commitment of up to $600 million at any time outstanding, subject to borrowing base...
Read Story
May 27, 2015, 07:46 AM
|
Wells Fargo named Rohan Kalbag, a company veteran with deep national and international experience, as head of Commercial Banking for Northern California. Based in Oakland, California, Kalbag oversees more than 100 team members at offices in Chico...
Read Story
May 20, 2015, 07:19 AM
|
On Assignment, Inc., a leading global provider of diversified professional staffing solutions, announced today that it has signed a definitive agreement to acquire privately-held Creative Circle, LLC for $570 million in cash and equity, and up to an...
Read Story
May 11, 2015, 07:32 AM
|
Wells Fargo & Company announced that banking industry veteran Kyle Hranicky has been appointed the new head of the Wells Fargo Corporate Banking group, effective immediately. Hranicky, who is based in Houston, will succeed Mike Johnson, who recently...
Read Story
May 04, 2015, 07:37 AM
|
In a recent national survey, only 33 percent of business owners said they have a formal business plan, yet those with a plan also have significantly higher expectations for the year ahead than those without. These results were among survey findings...
Read Story
April 30, 2015, 07:34 AM
|
Staffing 360 Solutions, Inc. announced that the company consummated a $25 million revolving credit facility and $3 million term loan with MidCap Financial, which is managed pursuant to an investment management agreement by a subsidiary of Apollo...
Read Story
April 10, 2015, 07:10 AM
|
CSS Industries, Inc. announced the renewal to its revolving credit facility with Wells Fargo Bank, National Association and Citizens Bank of Pennsylvania. With the renewal, the facility's expiration date has been extended from March 17, 2016 to March...
Read Story
March 25, 2015, 07:13 AM
|
Farmer Bros. Co. has entered into a new five-year $75 million senior secured revolving credit facility led by JPMorgan Chase Bank, N.A., as administrative agent, and SunTrust Bank, as syndication agent, to replace the company's existing $75 million...
Read Story
March 06, 2015, 07:57 AM
|
BlueLinx Holdings announced an amendment to its revolving credit agreement with a syndicate of banks led by Wells Fargo Bank, National Association. Under the agreement, the existing $447.5 million U.S. revolving credit facility is extended until...
Read Story
February 19, 2015, 07:48 AM
|
Minnesota Bank & Trust announced Kristin Leuer has joined its commercial banking team as vice president and portfolio manager. Leuer has over 30 years’ experience in banking and finance, most recently as vice president of commercial lending at BMO...
Read Story
February 17, 2015, 07:28 AM
|
Bridge Bank, a full-service professional business bank headquartered in Silicon Valley and with offices located nationwide, announced Mark Breneman has joined Bridge Bank's Southern California Technology Banking Team as senior vice president and...
Read Story
January 30, 2015, 07:58 AM
|
The Wall Street Journal reported a bankruptcy judge on Tuesday approved a $26 million tax settlement between Atlantic City, N.J., and the boardwalk’s shuttered Revel Casino Hotel. The settlement, which includes more than $7 million in savings on...
Read Story
December 31, 2014, 08:00 AM
|
Penn Virginia (PVA) announced its bank group has approved an increase in the borrowing base under PVA's senior secured credit facility from approximately $438 million to $500 million. PVA's financial liquidity, inclusive of the expanded borrowing...
Read Story
October 27, 2014, 07:09 AM
|
SUPERVALU INC. announced it has successfully completed the amendment and extension of its existing $1.0 billion asset-based revolving credit facility (the “Revolving ABL Facility”), which is secured by the company’s inventory, credit card, wholesale...
Read Story
October 01, 2014, 06:41 AM
|
To meet growing demand from companies in the Southern Region, Wells Fargo said today that Monica Cole will head Wells Fargo Commercial Banking Southern Division team as executive vice president and division manager. Based in St. Louis, Cole will...
Read Story
September 23, 2014, 07:32 AM
|
Tim Hortons Inc. and Burger King Worldwide Inc. announced a definitive agreement under which the two companies will create a new global powerhouse in the quick service restaurant sector. With approximately $23 billion in system sales, over 18,000...
Read Story
August 27, 2014, 07:53 AM
|
Innospec Inc. has added a new bank to its existing credit facilities agreement and increased its borrowing capacity under the facilities to $200 million.U.S. Bank has joined the existing banking group supporting Innospec, and is providing an...
Read Story
August 01, 2014, 07:08 AM
|
EveryWare Global, Inc. has entered into an amendment to extend the Company's Forbearance Agreement with the administrative agent and certain other lenders under the company's Term Loan Agreement through July 22, 2014. In addition, EveryWare entered...
Read Story
July 17, 2014, 07:28 AM
|
Integra LifeSciences Holdings Corporation announced that it has established new terms under its credit facility, including an increase in the size of the facility and an extended maturity date, with its bank group led by Bank of America, N.A. and...
Read Story
July 10, 2014, 07:52 AM
|
Charles & Colvard, Ltd., the exclusive global supplier of moissanite and Forever Brilliant, The World’s Most Brilliant Gem, has closed a new three-year $10 million asset-backed credit facility with Wells Fargo Bank. The company’s previous credit...
Read Story
June 30, 2014, 07:51 AM
|
J. C. Penney Company, Inc. announced it has closed its new $2.35 billion asset-based senior secured credit facility, comprised of a $1.850 billion revolving line of credit and a $500 million term loan. The new facility replaces a $1.850 billion...
Read Story
June 24, 2014, 07:28 AM
|
Willis Lease Finance Corporation announced that it has increased its revolving credit facility to $700 million from $450 million. The credit facility has been extended for five years through June 2019 and is available to Willis Lease on a revolving...
Read Story
June 05, 2014, 07:28 AM
|
First Internet Bank of Indiana, a premier provider of online retail and business banking services nationwide, announced Daniel E. Burd has joined the bank as Managing Director of its asset-based lending line of business.Operating under the name First...
Read Story
June 02, 2014, 08:03 AM
|
Burdale Financial Limited, a Wells Fargo company (Burdale), has demonstrated its long-term commitment to the North of England by expanding its team in Manchester through the appointment of Oliver Reece in the role of associate director, Structured...
Read Story
May 22, 2014, 07:31 AM
|
SUPERVALU INC. announced it has successfully completed the repricing, amendment and extension of its existing $1.0 billion asset-based revolving credit facility, which is secured by the company's inventory, credit card and certain other receivables...
Read Story
April 18, 2014, 07:52 AM
|
Coldwater Creek Inc. announced that the company and all of its U.S. subsidiaries have filed voluntary petitions under Chapter 11 in the U.S. Bankruptcy Court in Wilmington, Delaware, in order to facilitate an orderly wind-down of its...
Read Story
April 11, 2014, 07:54 AM
|
First Niagara Financial Group named Joseph Saffire to serve as executive vice president, commercial financial services.
Saffire brings more than two decades of commercial banking experience to the regional bank holding company and its executive...
Read Story
April 01, 2014, 07:39 AM
|
Bridge Capital Holdings, whose subsidiary is Bridge Bank, a full-service professional business bank headquartered in Silicon Valley and with offices located nationwide, announced today that it welcomes Joel Gragg as senior vice president and...
Read Story
March 28, 2014, 07:18 AM
|
Asure Software, Inc., a leading provider of workplace management software solutions, announced the refinancing of the company's existing senior debt under a new Credit Agreement with Wells Fargo Bank, N.A. The Wells Fargo Bank facility has a new term...
Read Story
March 25, 2014, 07:41 AM
|
Rent-A-Center, Inc., the nation’s largest rent-to-own operator, announced the completion of the previously announced refinancing of its senior credit facility. As previously announced, the company formerly anticipated entering into a new $850 million...
Read Story
March 20, 2014, 07:49 AM
|
Wells Fargo & Company announced that it has formalized a team within its Corporate Banking Group to meet the banking needs of its large and complex for-profit healthcare customers.The newly formed Healthcare Group, under the leadership of David...
Read Story
March 06, 2014, 07:09 AM
|
Diamond Foods, Inc. announced the completion of the refinancing of its debt capital structure.
"We are pleased with our new debt structure," said Raymond Silcock, Diamond's Chief Financial Officer. "In addition to substantially reducing interest...
Read Story
February 20, 2014, 07:43 AM
|
Nuverra Environmental Solutions announced that it has converted its existing Bank Credit Facility (the "Facility") into a $200 million revolving credit facility (the "Revised Facility") that is designed to enhance liquidity and financial flexibility...
Read Story
February 04, 2014, 08:06 AM
|
Xtreme Drilling and Coil Services announced the company finalized a new $150.0 million credit facility with a syndicate of banks led by Wells Fargo. The new arrangement is three years in term and includes the ability to increase the line to $175.0...
Read Story
January 21, 2014, 07:55 AM
|
Fannie Mae has reached a $591 million agreement with Wells Fargo to resolve repurchase requests on certain loans originated prior to 2009. After adjustments for prior repurchases, Wells Fargo will pay Fannie Mae $541 million in the fourth quarter of...
Read Story
December 31, 2013, 07:32 AM
|
Prospect Capital announced it has entered into a definitive agreement to acquire 100% of the common stock of Nicholas Financial, Inc. for $16.00 per share. Subject to certain conditions, the transaction is currently contemplated to close in April...
Read Story
December 19, 2013, 07:21 AM
|
NewStar Financial, Inc., a specialized commercial finance company, announced that it has amended an existing credit facility with Wells Fargo Bank N.A., increasing the commitment amount by $100 million to $275 million with an accordion feature that...
Read Story
December 04, 2013, 07:55 AM
|
Capital Business Credit, a globally integrated financial products and services company, announced that Martin Schnurr will join the CBC team to grow its factoring and trade finance business in the Southeast. Schnurr brings to CBC more than 35 years...
Read Story
December 04, 2013, 07:51 AM
|
Crawford & Company announced the execution of an amended five-year, $400 million senior secured revolving credit facility with a syndicate of banks led by Wells Fargo Securities, LLC, and Bank of America Merrill Lynch as joint lead arrangers and...
Read Story
November 26, 2013, 01:02 PM
|
Babson Capital Management, a global investment management firm with more than $188 billion in assets under management, announced two key additions to the management team of Babson Capital Finance.Eric Lloyd, former head of market and institutional...
Read Story
November 01, 2013, 07:46 AM
|
Rotech Healthcare Inc. announced today that the U.S. Bankruptcy Court has approved the Second Amended Joint Plan of Reorganization of Rotech Healthcare Inc., along with $358 million of exit financing commitments received from Wells Fargo and certain...
Read Story
August 30, 2013, 07:57 AM
|
Radiation Therapy Services Holdings, Inc., a leading operator of radiation therapy centers, announced today that its wholly owned subsidiary, Radiation Therapy Services, Inc., has amended its $140 million revolving credit facility. Wells Fargo served...
Read Story
August 30, 2013, 07:29 AM
|
Delta Apparel announced today that its wholly-owned subsidiary, To The Game, LLC, has acquired substantially all of the assets of Salt Life Holdings, LLC, including all of its domestic and international trademark rights in the Salt Life brand.
The...
Read Story
August 29, 2013, 07:36 AM
|
Skullcandy, Inc. entered into a Credit Agreement and Revolving Line of Credit Note with Wells Fargo Bank, National Association, which provides a line of credit of up to $50 million earlier this week. As a subfeature, the credit facility provides...
Read Story
August 22, 2013, 08:03 AM
|
FLOCK Specialty Finance, a financing group to middle-market debt buyers and collection agencies, announced that Alex Dunlap, former director of Debt Sales for Wells Fargo, has joined FLOCK as Senior Vice President of Business Development. Dunlap will...
Read Story
August 21, 2013, 07:24 AM
|
Retailer RadioShack is looking to refinance its debt by securing new, lower-cost loans, a process it would like to complete by the end of the year, according to two sources familiar with the matter.
A Reuters article notes the struggling electronics...
Read Story
August 14, 2013, 07:16 AM
|
Siena Lending Group and its affiliates announced the completion of a revolving credit facility with Wells Fargo Capital Finance. Siena will use this credit facility to expand its balance sheet and continue funding small and medium sized businesses...
Read Story
August 08, 2013, 07:37 AM
|
Milestone Aviation Group closed on a five-year, $600 million revolving credit line that includes an unfunded revolving accordion feature to expand the borrowing capacity up to $750 million. This revolver represents the largest-ever debt facility for...
Read Story
August 08, 2013, 07:16 AM
|
Tandy Brands Accessories provided an update on the results achieved from its restructuring plan announced March 18th and announced the execution of new credit facilities.On July 24th, the company entered into a new credit agreement with Salus Capital...
Read Story
July 29, 2013, 07:51 AM
|
Orchard Supply Hardware Stores, a neighborhood hardware and garden store focused on paint, repair and the backyard, announced that the United States Bankruptcy Court for the District of Delaware has given final approval for the company to access $177...
Read Story
July 17, 2013, 07:49 AM
|
Krispy Kreme Doughnuts announced that on Jul. 12, the company refinanced its secured credit facilities. In connection with the refinancing, the company retired in full the $22 million balance of its term loan and increased the size of its revolving...
Read Story
July 15, 2013, 07:52 AM
|
BlueLinx Holdings, a leading distributor of building products in North America, has entered into an amendment to its U.S. revolving credit agreement that increases the amount of its credit facility to $447.5 million from $422.5 million.Under terms of...
Read Story
June 28, 2013, 08:06 AM
|
Square 1 Bank announced that Mark Breneman has joined as senior vice president covering the Los Angeles and Orange County region. Based in Orange County, Breneman will be responsible for building the bank’s portfolio of clients in the technology and...
Read Story
June 27, 2013, 07:44 AM
|
Materion Corporation entered into a second amended and restated credit agreement on June 20, 2013. The new credit agreement matures on June 20, 2018 and provides for a $375 million committed revolving credit facility, an increase of $50 million over...
Read Story
June 26, 2013, 07:18 AM
|
Group 1 Automotive, Inc., an international, Fortune 500 automotive retailer, completed a $1.7 billion five-year revolving syndicated credit facility with 25 financial institutions that will expire in June 2018 and can be expanded to $1.95 billion...
Read Story
June 21, 2013, 07:51 AM
|
Erickson Air-Crane Incorporated, a leading global provider of aviation services to a diverse mix of commercial and government customers and the vertical manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane...
Read Story
June 18, 2013, 07:09 AM
|
Orchard Supply Hardware Stores, a neighborhood hardware and garden store focused on paint, repair and the backyard, has reached an agreement through which Lowe’s Companies will acquire the majority of its assets for $205 million in cash, plus the...
Read Story
June 17, 2013, 08:03 AM
|
TeleTech Holdings, Inc., a leading global provider of technology-enabled customer experience solutions, today announced that it has entered into a $700 million, five-year, multi-currency revolving credit facility with an accordion feature that...
Read Story
June 07, 2013, 08:03 AM
|
Wells Fargo Capital Finance announced it acted as left lead arranger, book manager, and administrative agent on a $1 billion, multi-currency, senior secured revolving credit facility for Novelis, Inc. The credit facility refinanced Novelis’ existing...
Read Story
June 04, 2013, 08:09 AM
|
The Wall Street Journal reported Deirdre McGuinness, a Wells Fargo banker specializing in restructurings and a former Justice Department Trustee for large corporate bankruptcy cases, is leaving the bank to join Kurtzman Carson Consultants LLC, a...
Read Story
June 04, 2013, 07:20 AM
|
Medical Action Industries entered into a new five-year credit agreement for $65 million with Wells Fargo, N.A., part of Wells Fargo & Company (NYSE:WFC), effective May 17, 2013. The new credit facility refinances and replaces the previous agreement...
Read Story
May 21, 2013, 08:06 AM
|
Encore Capital Group, a provider of debt management and recovery solutions for consumers and property owners across a broad range of assets, reported the successful closing of a $100 million asset-backed credit facility with Wells Fargo Bank. The...
Read Story
May 20, 2013, 03:11 PM
|
Wells Fargo Capital Finance, part of Wells Fargo & Company, announced the addition of healthcare finance veteran Rossi Felix as managing director within its Healthcare Finance Group. Based in Dallas, TX, Rossi’s efforts will be solely focused on...
Read Story
May 17, 2013, 08:04 AM
|
On Assignment, Inc., a leading global provider of diversified professional staffing solutions, announced today that it has closed on a new $500 million credit facility, which is a refinancing of the previous credit facility. The new $500 million...
Read Story
May 17, 2013, 07:44 AM
|
Celadon Group announced that it has increased its credit facility to $200 million and reset the term on its five-year, revolving credit facility agented by Bank of America. The facility will continue to be used to provide for ongoing working capital...
Read Story
May 15, 2013, 07:34 AM
|
Geokinetics Inc. announced that the Company and its domestic subsidiaries have successfully emerged from chapter 11 protection and the Company's second modified joint plan of reorganization (the "Plan") has become effective. David J. Crowley, the...
Read Story
May 13, 2013, 08:03 AM
|
Small business loan approvals improved to an all-time index high of 16.8% at big banks, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on Biz2Credit.com. Lending approvals jumped in April after...
Read Story
May 10, 2013, 07:31 AM
|
The Deal Pipeline reports Oreck Corp., which makes and sells vacuum cleaners and air purification products, has filed for bankruptcy protection to pursue the sale of its assets. The Nashville company and eight affiliates submitted Chapter 11...
Read Story
May 09, 2013, 07:11 AM
|
tw telecom inc. announced that its wholly-owned subsidiary tw telecom holdings executed a Second Amended and Restated Credit Agreement with a group of lenders that amends and restates its 2010 Credit Agreement. The Amendment lists Wells Fargo Bank...
Read Story
April 19, 2013, 07:11 AM
|
The Wendy's Company announced that its indirect wholly owned subsidiary, Wendy's International, Inc., has entered into an agreement to refinance its existing credit facility. Subject to certain closing conditions, the company expects the transaction...
Read Story
April 18, 2013, 07:53 AM
|
Cenveo, Inc. announced that its subsidiary, Cenveo Corporation, has completed the refinancing of its existing senior secured Term B Loan and revolving credit facility with an amended and restated $360 million Term B Loan facility, through Bank of...
Read Story
April 17, 2013, 07:55 AM
|
Golub Capital BDC, a business development company, today announced that its wholly owned subsidiary, Golub Capital BDC Funding LLC, decreased the size of its senior secured revolving credit facility with Wells Fargo Bank, N.A. from $150 million to...
Read Story
March 19, 2013, 07:28 AM
|
Salem Communications announced the early settlement of its previously announced cash tender offer for any and all of its $213.5 million aggregate principal amount of 9.625% Senior Secured Second Lien Notes due 2016.
In conjunction with the offer...
Read Story
March 15, 2013, 07:12 AM
|
Federal Signal Corporation successfully completed the refinancing of its existing senior secured credit facilities with new senior secured credit facilities, consisting of a five-year, $150 million revolving credit facility and a five-year, $75...
Read Story
March 14, 2013, 07:44 AM
|
First Capital announced the hiring of Tom Sullivan, vice president, in the Factoring Western Region. Sullivan will be responsible for new business development throughout the Western region and will be based out of the Los Angeles office.
Sullivan...
Read Story
March 05, 2013, 08:08 AM
|
Reuters reported bankrupt clothing brand Ellen Tracy has scored $20 million for its creditors by settling a lawsuit against its former owners and lender Wells Fargo over a 2008 asset purchase from Liz Claiborne.
Wells Fargo will pay $750,000 to the...
Read Story
March 01, 2013, 08:00 AM
|
Ormet Corporation, a producer of primary aluminum, announced it has signed a definitive Asset Purchase Agreement with Smelter Acquisition, a portfolio company owned by private investment funds managed by Wayzata Investment Partners, in connection...
Read Story
February 26, 2013, 08:03 AM
|
Versa Capital Management announced the creation of Vestis Retail Group, a new retail platform that comprises two retailers owned by Versa: Bob’s Stores (Bob’s) and Eastern Mountain Sports (EMS). EMS is the second largest U.S. multi-channel retailer...
Read Story
February 01, 2013, 08:06 AM
|
Merisant Company, the global maker of Equal, Canderel and Pure Via tabletop sweeteners, has successfully completed the refinancing of its credit facility. The new $95 million credit facility consists of a secured loan of $70 million and a revolver of...
Read Story
January 23, 2013, 07:27 AM
|
Handy Hardware Wholesale, a Houston-based company formed by independent retailers, filed for Chapter 11 bankruptcy. According to the filing, the company noted expansion into a second distribution center during recession times hurt its bottom...
Read Story
January 15, 2013, 08:02 AM
|
SUPERVALU Inc. announced a definitive agreement under which it will sell its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies (collectively, the Banners) to AB Acquisition LLC (AB...
Read Story
January 11, 2013, 07:59 AM
|
Ascendant Consulting Partners has completed a capital restructuring for Saint Joseph, Mo.-based LifeLine Foods LLC. The capital restructuring consisted of a $25 million equity raise of preferred stock from existing shareholders and the extension of a...
Read Story
January 04, 2013, 07:52 AM
|
Red Robin International, a wholly owned subsidiary of Red Robin Gourmet Burgers, that it has closed on a new $225 million credit agreement. The new credit facility, a five-year $225 million revolving line of credit, replaces a facility comprised of a...
Read Story
December 18, 2012, 07:43 AM
|
Golub Capital BDC, a business development company, today announced that its wholly owned subsidiary, Golub Capital BDC Funding LLC, increased the size of its senior, secured revolving credit facility with Wells Fargo Bank from $75 million to $150...
Read Story
December 18, 2012, 07:05 AM
|
ZAGG Inc, a mobile device accessories company, entered into an $84 million credit facility with Wells Fargo Bank, consisting of a $24 million two-year term note and a $60 million revolving line of credit. With these new loans in place ZAGG has...
Read Story
December 13, 2012, 07:18 AM
|
Continuing its double-digit growth in jobs and new business at its regional hub, Wells Fargo said it is hiring more financial services industry veterans in Illinois to keep pace with increasing demand in Chicago, the state and throughout the...
Read Story
December 07, 2012, 07:40 AM
|
International Speedway amended and restated its $300 million revolving credit facility provided by multiple lenders. The amendment provides better terms and extends the final maturity of the facility from November 2015 to November 2017. The facility...
Read Story
November 19, 2012, 07:32 AM
|
TCP Capital Corp., a business development company that trades on the NASDAQ Global Select Market, announced the appointment of Peter E. Schwab as an independent director.
Schwab has 39 years of experience in the asset-based lending industry, most...
Read Story
November 08, 2012, 07:49 AM
|
NewStar Financial amended its existing credit facility with Wells Fargo to increase its size by $25 million to $175 million and extend its reinvestment period and final maturity by three years among other things. The credit facility will be used to...
Read Story
November 06, 2012, 07:44 AM
|
Penn National Gaming expanded its existing secured $2.15 billion of senior secured credit facilities by $1 billion. Under the original terms of the senior secured credit facilities entered into in July 2011, Penn National had the option to increase...
Read Story
November 05, 2012, 08:04 AM
|
Destination Maternity Corporation entered into a new $61 million revolving credit facility with Wells Fargo Bank. The new credit facility replaces the company's $55 million revolving credit facility with Bank of America, which was due to mature on...
Read Story
November 05, 2012, 07:27 AM
|