SLR Credit Solutions closed a secured first lien term loan in concert with a revolving line of credit from Wells Fargo for Skullcandy, which used proceeds from the financing to refinance existing debt and provide enhanced flexibility.
SLR Credit Solutions promoted Josh Franklin to group CFO for the special lending verticals and Mirko Andric and Rebecca Tarby to senior managing directors and co-heads of underwriting and portfolio management. The company also hired Jack Murphy and Joe Wells.
Wells Fargo Capital Finance served as sole lender and administrative agent on an $80 million revolving credit facility and administrative agent on a $105 million term loan for APPVION.
Joe Wells has joined the Wells Fargo Capital Finance Loan Originations team, led by Jim Marasco, as a business development officer for the Midwest region.