Wells Fargo Commercial Capital provided an integrated working capital financing solution to Southwire Company, a manufacturer of wire and cable. The capital structure provided by Wells Fargo includes a $1 billion sustainability-linked asset-based facility.
Wells Fargo provided an ABL facility and Pathlight Capital provided a FILO facility for a total of $1.5 billion in financing for JCPenney after the company sold its retail and operating assets to Simon Property Group and Brookfield Asset Management to exit Chapter 11.
Wells Fargo appointed industry veteran Patricia Sutter head of Wells Fargo Corporate Trust Services. She will report to David Marks, head of Wells Fargo Commercial Capital.
Wells Fargo named David Marks, current head of Capital Finance, to succeed Ed Blakey, who is retiring, as head of Wells Fargo Commercial Finance.
In May, David Marks was named head of Wells Fargo Capital Finance, which joined the newly-formed Wells Fargo Commercial Capital group in January. In his new position at WFCF, Marks completes a full circle after a 30-year career at the bank, which began by doing workouts in the oil and gas industry. Marks reminisces about his career and shares his vision for the future with ABF Journal editor Nadine Bonner.