Pietras Joins WFCF Government Services Group

Eric Pietras has been named senior vice president and business development officer for Wells Fargo Capital Finance’s Government Services Group.

Lending to Technology Companies: Collateral versus Cashflow?

As the U.S. changed from a manufacturing to a service-based economy, ABL lenders faced a growing array of challenges, including lending to software companies and coping with rapid hardware obsolescence. Hugh C. Larratt-Smith speaks with key lenders in this industry and learns how lending to technology has changed in the last 40 years.

WFCF Agents $185MM Facility for APPVION

Wells Fargo Capital Finance served as sole lender and administrative agent on an $80 million revolving credit facility and administrative agent on a $105 million term loan for APPVION.

WFCF Leads New $200MM ABL for Chico’s

Chico’s completed a $200 million asset-based lending facility led by Wells Fargo Capital Finance’s Retail Finance unit.

WFCF Upsizes Midcap ABL Revolver to $100MM

Wells Fargo Capital Finance increased Midcap Business Credit’s revolving ABL facility to $100 million.

WFCF Provides Facility to Rise Line Business Credit

Rise Line Business Credit completed a revolving leverage facility with Wells Fargo Capital Finance.

WFCF Upsizes Tree Island Facility to $80MM

Tree Island Steel renewed its five year senior secured revolving facility with Wells Fargo Capital Finance, increasing the facility to $80 million with a $60 million revolver and a $20 million term loan.

WFCF Names Gillespie Head of Middle Market ABL

Wells Fargo Capital Finance launched a Middle Market Asset-Based Lending Group and tapped Kevin Gillespie to lead the new division.

WFCF Leads Sportsman’s Warehouse Refi

Sportsman’s Warehouse Holdings amended its existing credit agreement to increase the borrowing capacity by $100 million to $250 million, subject to a borrowing base calculation and to provide for a new $40 million term loan.

WFCF Closes $17MM Facility for Lone Oak Payroll

Wells Fargo Capital Finance closed a $17 million secured credit facility for Lone Oak Payroll and its partner, Tempworks Software.