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News Stories (53 Results) - Wells Fargo Bank

Wells Fargo announced that Kleber Santos has been appointed the company’s CEO of Consumer Lending, effective immediately. Santos will lead all aspects of Wells Fargo’s Consumer Lending business, including Home Lending, Auto, Credit Cards and Merchant... view press release
July 12, 2022, 07:22 AM

Wells Fargo & Company announced Otis Rolley is joining the company as head of Social Impact, leading community engagement and enterprise philanthropy, including the Wells Fargo Foundation. Rolley will report to Bill Daley, Vice Chairman of Public... view press release
July 07, 2022, 08:00 AM

Wells Fargo announced Paul Ricci has been named Chief Auditor. Ricci will report to the Audit Committee of the Wells Fargo board of directors and administratively to CEO Charlie Scharf. He also will join the Wells Fargo Operating Committee.As Chief... view press release
May 18, 2022, 07:10 AM

Wells Fargo announced that Sol Gindi is the new head of Wells Fargo Advisors (WFA) and head of the Wealth & Investment Management (WIM) Client Relationship Group, reporting to Barry Sommers, head of WIM. In this role, Gindi will lead the Wells Fargo... view press release
May 16, 2022, 08:00 AM

Wells Fargo announced the availability of Integrated Receivables, a new Accounts Receivable (AR) service that uses artificial intelligence, machine learning, and robotic processing to help simplify payment and remittance data capture, re-association... view press release
September 09, 2021, 07:00 AM

MarineMax, the nation’s largest recreational boat and yacht retailer, increased the amount, and extended the term, of its credit facility. The facility now provides MarineMax with $500 million of borrowing capacity, further increasing the Company’s... view press release
July 14, 2021, 08:00 AM

Wells Fargo announced Julie Caperton as head of Wells Fargo Private Bank, a division of Wealth & Investment Management (WIM). This is in addition to Caperton’s current role as head of the Banking, Lending & Trust Center of Excellence for WIM.... view press release
June 18, 2021, 07:27 AM

Wells Fargo announced that Ulrike Guigui has been named head of Payments Strategy. She will join the company on June 1 and will report to Ather Williams III, Wells Fargo head of Strategy, Digital, and Innovation.In this new position, Guigui will be... view press release
May 24, 2021, 08:00 AM

Wells Fargo Bank closed a $10 million revolving credit facility for Qumu Corporation, a leading provider of cloud-based enterprise video technology for organizations of all sizes. The revolving credit facility availability is determined by recurring... view press release
January 21, 2021, 08:16 AM

Walgreens Boots Alliance, Inc. entered into a revolving credit agreement with the designated borrowers and lenders led by Wells Fargo Bank, National Association as administrative agent and swing line lender.The Credit Agreement includes (i) a $1.25... view press release
December 29, 2020, 07:10 AM

United Fire & Casualty Company, a wholly owned subsidiary of United Fire Group, Inc. ("UFG," the "Company"), entered into a credit agreement (the "Credit Agreement") with Wells Fargo Bank, National Association ("Wells Fargo") providing for a $50... view press release
April 03, 2020, 09:16 AM

Wells Fargo & Company announced that Richard (Dick) Payne Jr. has been elected to the company’s Board of Directors, effective immediately, and will serve on the Board’s Credit Committee. Payne retired in 2016 as vice chairman of Wholesale Banking at... view press release
October 21, 2019, 09:11 AM

UCI International, LLC announced it has completed its financial restructuring and has officially completed its Chapter 11 reorganization. The Company is now owned by its former creditors led by funds and accounts under the management of Blackrock... view press release
January 03, 2017, 07:29 AM

Wells Fargo Commercial Distribution Finance (CDF), part of Wells Fargo & Company, announced today the official launch of CDFconnect™, a knowledge sharing program that delivers tools, subject matter experts, and training to help CDF’s network of... view press release
December 01, 2016, 07:40 AM

Each year, TMA recognizes a member who raises the public profile of the corporate restructuring industry through their volunteer service and dedication to TMA. The Turnaround Management Association announced that Shannon Hoff, Wells Fargo Bank N.A.... view press release
October 31, 2016, 08:02 AM

Wells Fargo Middle Market Banking has named Susan Owens to head commercial banking operations in Maryland. As regional vice president, Owens oversees a team of financial service professionals based at the bank’s Baltimore Middle Market Banking... view press release
September 23, 2016, 07:50 AM

Autoliv, Inc., the worldwide leader in automotive safety systems, has refinanced its existing $1.1 billion multi-currency revolving credit facility agreement with a group of 14 banks. The facility has a five-year maturity, with extension options for... view press release
July 15, 2016, 07:16 AM

Power Solutions International, Inc. ("PSI" or "the Company") announced the closing of a $135 million Senior Secured Credit Facility, consisting of a new $60 million term loan with TPG Specialty Lending, Inc. and affiliated funds managed by TSSP, a... view press release
June 30, 2016, 08:07 AM

Wells Fargo announced the launch of FastFlex Small Business Loan, an online, fast-decision loan that is funded as soon as the next business day and offers a competitive interest rate to small businesses with short-term credit needs. An innovation... view press release
May 11, 2016, 07:56 AM

Willis Lease Finance Corporation has expanded its $700 million revolving credit facility by over 40% to $1 billion, which includes a $110 million accordion feature. The facility has a five-year term and additional flexibility. Willis Lease and its... view press release
April 22, 2016, 07:55 AM

Weingarten Realty Investors has amended and extended its $500 million unsecured revolving credit facility. The facility will mature in March 2020, with a provision to extend the maturity date for two consecutive six-month periods, at the Company’s... view press release
April 01, 2016, 07:30 AM

Wi2Wi Corporation announced that on Mar. 18, it entered into a new $2 million revolving credit facility with Wells Fargo Bank, National Association, which will become available when the following conditions are met: Wells Fargo shall have received... view press release
March 29, 2016, 07:21 AM

JBT Corporation, a leading global technology solutions provider to high-value segments of the food & beverage industry, today announced an amendment to its existing revolving credit facility agreement dated as of February 10, 2015. Pursuant to the... view press release
March 23, 2016, 07:29 AM

Hercules Capital, Inc. announced that effective March 8, 2016, it has expanded its credit facility with Wells Fargo Capital Finance, part of Wells Fargo & Company, under which AloStar Bank of Commerce has committed $20.0 million, for a total of $95.0... view press release
March 08, 2016, 08:03 AM

Small business owners expressed a level of optimism not seen in a year in the latest Wells Fargo/Gallup Small Business Index, conducted January 11-15, as the Index’s overall score rose to 67, a 13-point gain from November’s survey.The quarterly... view press release
February 16, 2016, 08:01 AM

Polaris Industries Inc. announced a renewal of its U.S. joint venture with Commercial Distribution Finance (CDF), a business of GE Capital, through 2022. The terms of the extension are consistent with the prior agreement. The joint venture, Polaris... view press release
December 08, 2015, 07:31 AM

Chatham Lodging Trust, a hotel real estate investment trust (REIT) focused on investing in upscale extended-stay hotels and premium branded, select-service hotels, announced that it successfully closed on a new, expanded $250 million senior unsecured... view press release
November 30, 2015, 07:27 AM

Wells Fargo & Company (NYSE: WFC) approved more SBA 7(a) loans and dollars for America’s small businesses than any other lender in federal fiscal year 2015 (October 2014 – September 2015), according to recently released U.S. Small Business... view press release
October 13, 2015, 07:58 AM

Wells Fargo has its sights set on the Metro Park area in Iselin, New Jersey for its Commercial Banking hub for the Central part of the state. At the helm of the Regional Commercial Banking Office (RCBO) in Metro Park is James King, who has been... view press release
August 28, 2015, 07:21 AM

Navigator Energy Services (NES) closed on a senior secured revolving credit facility in the amount of $125 million. NES is a crude-oil-focused midstream company funded by management and First Reserve's Energy Infrastructure Fund.The credit facility... view press release
August 06, 2015, 07:16 AM

On May 29, 2015, Generac Power Systems, Inc. (the “Lead Borrower”), a wholly owned subsidiary of Generac Holdings, entered into Amendment No. 2 (the “ABL Amendment”) to that certain Credit Agreement, dated as of May 30, 2012, as amended by Amendment... view press release
June 01, 2015, 08:01 AM

Sunstone Hotel Investors, Inc. has entered into a new senior unsecured credit facility. Under the facility, the company's total available capacity increases from $150 million to $400 million. Facility pricing ranges from 155 to 230 basis points over... view press release
April 06, 2015, 07:44 AM

RREEF Property Trust, Inc. announced the closing of a $75 million secured revolving credit facility with Wells Fargo Bank, National Association on March 6, 2015. At closing, RREEF Property Trust borrowed approximately $43.4 million under the facility... view press release
March 19, 2015, 07:24 AM

Exterran Partners, L.P. announced the execution of an amendment to its senior secured credit facility which, among other things, gives effect to revolving credit commitments from three new lenders and increases the revolving credit commitments of... view press release
February 05, 2015, 08:01 AM

Brown Shoe Company announced it has entered into an amended and restated credit agreement, which extends its senior secured asset-based revolving credit facility to December 2019, lowers the interest rate by 100 basis points, reduces unused fees and... view press release
December 19, 2014, 07:32 AM

The Hain Celestial Group, Inc., a leading organic and natural products company with operations in North America, Europe and India providing consumers with A Healthier Way of Life™, announced the closing of an expanded unsecured $1 Billion Senior... view press release
December 15, 2014, 07:36 AM

For the sixth straight year, Wells Fargo & Company is America’s top SBA lender in dollar volume, approving a record $1.6 billion in SBA 7(a) loans for small businesses in federal fiscal year 2014 (Oct. 1, 2013 – Sept. 30, 2014). The company increased... view press release
November 10, 2014, 07:17 AM

Superior Industries International has signed a commitment letter with J.P. Morgan Securities LLC as lead arranger, JPMorgan Chase Bank, N.A. as administrative agent, and Wells Fargo Bank, National Association as syndication agent for a $100 million... view press release
November 04, 2014, 07:29 AM

BlueLinx Holdings Inc., a leading distributor of building products in North America, announced it entered into an amendment to its U.S. revolving credit agreement with a syndicate of banks led by Wells Fargo Bank, N.A. The amendment extends the $20... view press release
August 15, 2014, 07:08 AM

OSI Systems, Inc. has entered into an amendment to its credit facility that increases the amount available to $450 million. The amendment extends the maturity from November 2016 to May 2019 and increases the flexibility of certain restrictive... view press release
May 30, 2014, 07:25 AM

LKQ Corporation announced that it closed an amendment to its credit facility that increased the aggregate amount available thereunder from $1.8 billion to $2.3 billion ($1.85 billion revolving credit facility and $450 million term loan facility). The... view press release
March 28, 2014, 07:29 AM

Continuing its steady growth in the state of Maryland, Wells Fargo has expanded its leadership team and added resources to serve middle market companies in the Baltimore area and throughout the state. In addition, Wells Fargo has announced the... view press release
March 10, 2014, 07:42 AM

ZAGG Inc., a leading mobile device accessories company with a brand portfolio that includes ZAGG and iFrogz, announced today that it has amended and extended its debt facility with Wells Fargo Bank. The amendment retains the $60.0 million revolving... view press release
December 24, 2013, 07:31 AM

With steadily growing demand from middle market companies for credit and other financial services, Wells Fargo announced that its Madison office has been expanded to a Regional Commercial Banking Office (RCBO) for south and southwest Wisconsin. The... view press release
November 25, 2013, 07:34 AM

Broadstone Real Estate, LLC announced that Broadstone Net Lease, Inc. (BNL) has closed on a new $150 million unsecured credit facility. The syndicated facility closed today, October 11, 2013.  Regions Bank, Wells Fargo Bank N.A., Bank of Montreal... view press release
October 14, 2013, 07:33 AM

North American Properties - Atlanta, Ltd. (NAP), developers of Avalon, announced that construction financing has been closed and vertical construction has begun. NAP, in joint venture with Sarofim Realty Advisors, secured $126.5 million in financing... view press release
August 19, 2013, 07:26 AM

Fifth Street Finance announced an amendment of its credit facility with Wells Fargo Bank, N.A. The amended facility includes a 25 basis point reduction in pricing to LIBOR plus 2.50% per annum, with no LIBOR floor, and greater flexibility on terms... view press release
June 25, 2013, 07:36 AM

Red Lion Hotels Corporation announced the company has completed the expansion of its credit facility agreement with Wells Fargo Bank.Under the secured facility, Red Lion Hotels obtained $45 million in a term loan with a 15-year amortization maturing... view press release
June 21, 2013, 07:13 AM

Wells Fargo reported record net income of $5.2 billion for first quarter 2013, up from $4.2 billion for first quarter 2012, and up from $5.1 billion for fourth quarter 2012. “Our company earned $5.2 billion in first quarter 2013, the highest... view press release
April 15, 2013, 08:03 AM

Oasis Petroleum entered into a Second Amended and Restated Credit Agreement with its bank syndicate. The lenders under the company's revolving credit agreement completed their regular semi-annual redetermination of the borrowing base, resulting in an... view press release
April 10, 2013, 09:11 AM

IMAX Corporation entered into an amended senior secured credit facility for up to $200 million with Wells Fargo Bank, National Association with the participation of Export Development Canada (EDC), the Canadian Imperial Bank of Commerce (CIBC), the... view press release
February 08, 2013, 07:48 AM

Wells Fargo & Company said it has provided $24.8 million in senior debt financing for Centerstone Linen Services, which owns and operates healthcare textile plants in New York, Pennsylvania, Ohio, Maryland, West Virginia, North Carolina and Tennessee... view press release
January 23, 2013, 07:51 AM

InfuSystem, a provider of infusion pumps and related services for the healthcare industry in the United States, replaced and refinanced its $35.0 million bank facility with a new $36.5 million credit facility, in order to provide additional financial... view press release
December 04, 2012, 08:03 AM