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.

BABC, WFCF Support Celadon Refi

Troubled trucking group Celadon will refinance its existing credit agreement, including a new $100 million revolving credit facility provided by Bank of America Business Capital and Wells Fargo Capital Finance.

Great Rock Closes Leverage Facility with Wells Fargo

Great Rock Capital closed a leverage facility with Wells Fargo Capital Finance.

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.