Wells Fargo, Fortress Support Perry Ellis Acquisition

An entity controlled by George Feldenkreis acquired Perry Ellis International through a $437 million transaction. Perry Ellis was subsequently converted into a private company.

Sears Chairman Lampert Looking for Bankruptcy Financing Partners

Reuters reported that Sears chairman Eddie Lampert is holding discussions with Cyrus Capital Partners to share the $30 million financing to support the company’s Chapter 11 effort.

BofA Agents Expansion of Curtiss-Wright $500 Million Facility

Curtiss-Wright amended credit agreement with a group of seven banks extending the maturity date of its $500 million credit facility through October 2023 and expanding the accordion feature by $100 million to $200 million. Bank of America served as administrative agent.

Wells Fargo Q3 Earnings Up 32%; C&I Loan, Lease Financing Yields Higher

Wells Fargo reported Q3/18 net income of $6.01 billion was up 32% from $4.54 billion in Q3/17. The bank also noted YTD U.S. C&I Loan and Lease Financing yields of 4.08% and 4.82%, respectively were up from 3.70% and 4.78% for the same period in 2017.

BofA, Wells Fargo, Citigroup Push Sears to Liquidate

The Wall Street Journal reported that Sears Holdings’ biggest lenders are pushing the retailer to liquidate its assets in a Chapter 7 bankruptcy filing.

Wells Fargo Provides $40MM Revolver to Sturm, Ruger

Arms-maker Sturm, Ruger closed a $40 million revolving line of credit with Wells Fargo.

BofAML, J.P.Morgan, Others Arrange Ares Capital Amendments

Ares Capital completed all necessary amendments to its $2.1 billion revolving credit facility led by Bank of America, J.P. Morgan and SunTrust Robinson Humphrey. It also amended its $1 billion revolver led by Wells Fargo.

Stevens to Step Down after 29-Year Wells Fargo Career

Lisa Stevens, Regional Banking executive for the Western Region, has decided to leave Wells Fargo after a 29-year career. Stevens will depart in late October.

BofA Leads $76MM Destination Maternity Refi

Destination Maternity has signed a commitment letter with Bank of America for a new five-year $76 million facility to refinance and replace the company’s existing $50 million asset-based loan and $25 million term loan.

Wells Fargo, Gordon Bros. Finance Amend Stein Mart Credit Agreements

Stein Mart extended and amended its existing revolving credit agreement with Wells Fargo Bank and its term loan agreement with Gordon Brothers Finance Company.