Daily News: October 1, 2014

WFCF Agents $32.5MM Facility for Petersen Health Network

Wells Fargo Capital Finance announced that it acted as administrative agent on a $32.5 million senior secured facility for Petersen Health Network, a provider of long-term care services in Illinois as well as other areas of the Midwest.

“With this loan facility, Wells Fargo’s support was important in Petersen’s effort to continue to operate and grow in Illinois and to do what we do best which is caring for those in need,” said Mark Petersen, president and owner of Petersen Health Network. “Wells Fargo has been wonderful to work with and we look forward to growing the relationship!”

“The company plays a major role in delivering quality healthcare throughout Illinois and the Midwest,” said Tracy Maziek, senior managing director and head of Healthcare Finance at Wells Fargo Capital Finance. “We are pleased to complete this financing for Petersen Health Network.”