Wells Fargo Commercial Capital provided an integrated working capital financing solution to Southwire Company, a manufacturer of wire and cable. The capital structure provided by Wells Fargo includes a $1 billion sustainability-linked asset-based facility.
AP Equipment Financing has closed a $110 million line of credit with the Lender Finance division of Wells Fargo Commercial Capital.
Wells Fargo Commercial Capital has realigned its Canada-based Equipment Finance and ABL originations teams into a newly integrated business unit.
Wells Fargo Commercial Capital has promoted David Koshenina to head of its Lender Finance Group.
Wells Fargo’s renewable-energy-finance pioneer Barry Neal will retire July 1, and Philip Hopkins will assume sole leadership of the company’s Renewable Energy & Environmental Finance business, which is part of Wells Fargo Commercial Capital.
David Marks has been named head of Wells Fargo Capital Finance. Marks succeeds Guy Fuchs, who left the company in March.
Wells Fargo Capital Finance Chairman and CEO Henry Jordan will retire in December. At that time, Wells Fargo Capital Finance, led by Guy Fuchs, will join Wells Fargo Commercial Capital Group.