Tag Archives: Wells Fargo Capital Finance

2023 Deals of the Year

Asset-based lending is an industry built on making deals, but at the heart of every one of those transactions is a financial solution for a business. To honor this fundamental pillar of the industry, ABF Journal is proud to present its second annual Deals of the Year listing to provide a more in-depth look at some of the most intriguing and impactful transactions of 2023.

Wells Fargo Capital Finance Underwrites $425MM to Support ABL Deal with St. Bernard Renewables

Wells Fargo Capital Finance was the left lead agent in underwriting $425 million to support an asset-based lending deal with St. Bernard Renewables, a subsidiary of PBF Energy, as it converted an idled refinery unit to process and produce renewable diesel. On this deal, Wesley Shaw, senior vice president of originations at Wells Fargo Capital […]

MidCap Increases Credit Facility with Wells Fargo to Support New Equipment Finance Business

MidCap Business Credit increased its senior credit facility with Wells Fargo Capital Finance to $200 million. This upsize will enable MidCap to support the growth of its existing asset-based lending business and support the launch of its equipment finance vertical.

Wells Fargo Leads Transition of Select Energy’s ABL to Sustainability-Linked Structure

Select Energy Services transitioned its existing asset-backed loan facility into a sustainability-linked loan facility, while extending the facility through March of 2027. Wells Fargo Bank was the lead arranger for the facility.

Wells Fargo Capital Finance Provides $88.6MM Hybrid Facility to AllSaints and John Varvatos

Wells Fargo Capital Finance provided a global hybrid asset-based and intellectual property facility to AllSaints and its subsidiary, John Varvatos. More specifically, acting as the sole lender, Wells Fargo Capital Finance provided a multijurisdictional, five-year, £65 million ($88.6 million) financing solution.