Wells Establishes Channel Finance Program for Dell
Wells Fargo Capital Finance announced its Supply Chain Finance group established a Channel Financing program for Dell.
Wells Fargo Capital Finance announced its Supply Chain Finance group established a Channel Financing program for Dell.
PayNet said small business trends show a strong finish to 2013 that will help sustain growth in the U.S. economy in Q1/14, according to the Thomson Reuters/PayNet Small Business Lending Index.
Nuverra Environmental Solutions announced it converted its existing bank facility into a $200 million revolver. Wells Fargo served as joint lead arranger, joint bookrunner and administrative agent, and RBS Citizens and Bank of America served as joint lead arrangers and joint bookrunners.
Capital One Bank announced it provided a $42.5 facility to iPipeline to finance its ongoing working capital requirements and current and future growth initiatives.
Trade Street Residential announced the company’s operating partnership entered into a $75 million facility with Regions as lead arranger and US Bank as a participant.
Asset-based lender Accord Financial said it completed the acquisition of Varion Capital, a Canadian Lease finance company that extends the range of financial services to include leasing.
The National Association of Credit Management said its Credit Managers’ Index rebounded in January. Improved indices suggest December’s dip was likely an anomaly.
The Institute for Supply Management said its Purchasing Managers Index dipped 5.2 percentage points in January from December’s reading.
GE Capital’s Canadian Franchise Finance business said it has provided senior debt to Bayview Hospitality that will be used to refinance existing debt and allow operating partners to buy out the shareholders of four properties.
Wells Fargo was found to be the world’s most valuable bank brand in the Brand Finance Banking 500, conducted by Brand Finance. The results were published in the February edition of The Banker magazine.