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.

WFCF, Morgan Stanley Support Wabash National Supreme Industries Buy

To support its acquisition of Supreme Industries, Wabash National amended both its ABL revolving credit facility and its term loan. Wells Fargo Capital Finance served as agent for the revolver, and Morgan Stanley agented the term loan.

WFCF, Brookfield Agent Bumble Bee Refi

Bumble Bee Holdco and its subsidiary, Bumble Bee Foods refinanced 100% of the company’s debt. Wells Fargo Capital Finance was administrative agent for the revolver, and Brookfield Principal Credit was agent for the term loan.

WFCF, CIT Arrange $200MM Facility for Upland Software

Upland Software closed a $200 million credit facility with Wells Fargo Capital Finance and CIT Bank as lead arrangers. Goldman Sachs USA, Regions Bank and Citizens Bank participated in the financing.

Top Priorities for Wells Fargo’s New Head of Capital Finance — Customer Service and Team Building

In May, David Marks was named head of Wells Fargo Capital Finance, which joined the newly-formed Wells Fargo Commercial Capital group in January. In his new position at WFCF, Marks completes a full circle after a 30-year career at the bank, which began by doing workouts in the oil and gas industry. Marks reminisces about his career and shares his vision for the future with ABF Journal editor Nadine Bonner.

BMO Harris, JPM, WFCF Provide $292MM Roadrunner Facility

Roadrunner Transportation Systems closed a new five-year $292 million asset-based lending facility with BMO Harris Bank, JPMorgan Chase and Wells Fargo Capital Finance.

WFCF Structures $100MM Credit Facility for FCN

The Wells Fargo Capital Finance Supply Chain Finance Group acted as agent and sole lender for a $100 million senior secured credit facility for FCN.

KKR’s Stalking Horse Bid for Bankrupt Medical Laundry Firm Approved

A New York bankruptcy judge approved the $125 million sale of medical laundry firm Angelica to KKR, the company’s secured lender, after it received $65 million in DIP financing from Wells Fargo Capital Finance and Regions Bank.

WFCF, GACP Agent $340MM DIP for Sears Canada

Sears Canada has been granted an order from the Ontario Superior Court of Justice under the Companies’ Creditors Arrangement Act. Wells Fargo Capital Finance, as agent on behalf of ABL lenders, and GACP Finance, as agent on behalf of term loan lenders, will provide C$450 million ($340 million) DIP financing.

Ready to Lend: 2017 ABL Activity Off to a Good Start

Rumors of tax cuts and promises of interest rate hikes swirled in the winds of uncertainty as Q1/17 ended. ABF Journal contributor Lisa Miller interviewed a group of leading ABL executives, who are already enjoying a better year than 2016 and are predicting changes ahead for the ABL market whichever way the economy shifts.