Canal Road has closed a new $250 million credit facility agented by Wells Fargo Bank. The financing is designed to increase the firm’s investible capital to be deployed in the private corporate lending market.
“We are excited to partner with a banking institution with a deep history and knowledge of the private corporate credit space,” representatives of Canal Road said. “This lending relationship with Wells Fargo will help facilitate our next phase of growth as we expand on our already robust underwriting and origination efforts. We look forward to a long and mutually beneficial relationship with the bank and its outstanding corporate debt finance group.”
