Wells Fargo Amends H&E Equipment Services Facility

H&E Equipment Services amended, extended and restated its existing $602.5 million senior secured credit facility with administrative agent Wells Fargo Capital Finance.

WFCF Agents Lands’ End $175MM ABL Refi

Correction: Wells Fargo Capital Finance agented Lands’ End’s new $175 million ABL revolving credit facility, which matures in November 2022,

PNC Business Credit Appoints Two VP/BDOs to Secured Financing Team

PNC Business Credit appointed Patrick Mercieca and Felicia Leksono to its senior secured financing teams in Toronto and Pittsburgh, respectively.

WFCF Names Giles Head of Lender Finance; Petro to Retire

Wells Fargo Capital Finance named Cyndi Giles head of its Lender Finance Group, replacing Andrea Petro who retired after a 30-year career in the ABL industry that included launching and leading Lender Finance for 17 years.

Opportunities and Challenges: Asset-Based Lending in 2018

The digital world has transformed every aspect of our lives. Some of us still remember pasting photographs into albums and racing to answer the telephone mounted on the wall — picking up the receiver without knowing who was on the other end of the line. Technology has changed asset-based lending in ways no one could have predicted 20 years ago. ABF Journal contributor Hugh Larratt-Smith explores the evolving ABL landscape and evaluates the impact these changes will have in 2018.

Robust Results: Upswing Leaves ABL Lenders Optimistic for 2018

Despite political turbulence and Mother Nature running amuck, ABL lenders saw an upswing in business in 2017 after two flat years. ABF Journal contributor Lisa Miller spoke with five ABL executives who described a robust year filled with new partnerships and business opportunities and an optimistic outlook for 2018.

JPMorgan Upsizes Tailored Brands ABL Facility to $550MM

Tailored Brands amended its asset-based revolving credit facility, expanding availability to $550 million from $500 million and extending its maturity to October 2022 from June 2019. JPMorgan served as administrative agent.

Innovative Financing: From Mellon & Sons to Alternative Lenders’ Impact on ABL Today

In the face of continuing bank regulation, alternative lending companies are launching to fill in the gaps. ABF Journal contributor Hugh Larratt-Smith examines the types of loans these lenders are providing and shows how ABL lenders can benefit by teaming up with these new players.

WFCF Names Kaczmarczyk Head of Supply Chain Finance Group

Wells Fargo Capital Finance named Holly Kaczmarczyk head of the Supply Chain Finance Group.

Wells Fargo Capital Finance Funds CIT Northbridge Credit

Wells Fargo Capital Finance’s Lender Finance division served as administrative agent and lead arranger for a senior revolver to fund CIT Northbridge Credit.