Legacy Corporate Lending, an independent asset-based lending company, closed a $100 million senior credit facility with Wells Fargo Capital Finance. The facility will support Legacy Corporate Lending’s growth in serving the middle-market ABL space.
“Wells Fargo is pleased to provide Legacy with the financial flexibility and industry expertise needed to support their business needs,” Stewart Hayes, managing director at Wells Fargo Capital Finance, said. “We look forward to building a long-term relationship with the Legacy team as they continue to execute on their growth strategy.”
“This credit facility from Wells Fargo Capital Finance is a testament to the strong progress Legacy has made in a short period of time and will enable us to grow and expand our platform even further,” Paul Martin, chief investment officer at Legacy Corporate Lending, said. “We appreciate the opportunity to partner with Stewart and the Wells Fargo team and look forward to their continued support.”
Legacy Corporate Lending launched earlier this year with the support of Bain Capital Credit.
