Nine West Files for Chapter 11; Wells Fargo to Agent DIP

Nine West Holdings, an accessories, women’s apparel, and jeanswear company with a portfolio of brands that includes Nine West, Anne Klein and Gloria Vanderbilt, filed Chapter 11. Wells Fargo will serve as administrative agent for up to $225 million in DIP funding.

BofA Agents New $1.8B Revolver for Varian Medical

Varian Medical Systems replaced its $600 million revolving credit facility with a $41.5 billion revolving credit facility in a transaction agented by Bank of America.

Wells Fargo Upsizes Asure Facility to $175MM

Asure Software amended its credit facility, increasing the term loans and amount of available financing to $175 million.

Wells Fargo Agents $1.7B Facility for Delek US

Delek US Holdings closed on a new $1 billion senior secured revolving ABL credit facility and a $700 million senior secured term loan B.

Wells Fargo Upsizes Power Solutions ABL Revolver to $75MM

Wells Fargo amended the existing asset-based revolving credit facility of Power Solutions International, a designer, engineer and manufacturer of emissions-certified, alternative-fuel power systems.

JPMorgan Upsizes Sprouts Market Facility to $700MM

Sprouts Farmers Market amended its credit agreement, increasing the company’s total commitments to $700 million. JPMorgan served as administrative agent on the transaction, while Bank of America served as syndication agent.

Wells Fargo Agents Revolver as Part of DIP for The Walking Company

Wells Fargo acted as administrative agent and senior secured lender on a revolving credit facility for The Walking Company. The facility is part of debtor-in-possession financing for the shoe company and its various affiliates.

Gordon Bros Finance Closes $50MM Term Loan for Stein Mart

Stein Mart completed the closing of a term loan with Gordon Brothers Finance in the amount of $50 million. In connection with the loan, Stein Mart also amended its existing second amended and restated credit agreement, with Wells Fargo serving as administrative agent.

Wells Fargo, BofA Arrange $750MM Revolver for BlueLinx

Wells Fargo and Bank of America will arrange a $750 million revolving credit facility to support BlueLinx’s acquisition of Cedar Creek. BlueLinx also has a commitment from HPS Partners for a $180 million term loan, subject to certain conditions.

Breakwater, Wells Fargo Lead Global Restoration Recap

Breakwater Management provided Global Restoration Holdings with a $60 million senior secured unitranche term loan as part of a recapitalization that included an asset backed revolving credit facility led by Wells Fargo.