Wells Fargo Provides $175MM Senior Secured Credit Facility to Nicholas Financial

Nicholas Financial, a branch-based subprime automotive lender, entered into a senior secured credit facility with Wells Fargo Bank as agent. The facility provides for a line of credit of up to $175 million. 

November 9, 2021 Ares Agent Services | Doug Marohn | Nicholas Financial | Wells Fargo Bank Rita Garwood

Nicholas Financial Enters Into $175MM Senior Secured Credit Facility

Nicholas Financial announced that NF Funding I, a newly-formed, wholly-owned, special purpose financing subsidiary of the company (the “borrower”) entered into a senior secured credit facility on March 29. The company’s prior credit facility was paid off in connection with this new credit facility.

April 1, 2019 Doug Marohn | NF Funding I | Nicholas Financial ckirtley

BofA Leads Amendment to Nicholas Financial Credit Facility

Nicholas Financial amended its existing credit facility which, among other changes, extended the maturity date to March 31, 2019 and adjusted the availability of funds thereunder.

April 6, 2018 1st Tennessee Bank | Bank of America | BMO/Harris Bank | Doug Marohn | Nicholas Financial | Wells Fargo Preferred Capital Amanda Koprowski

BofA Agents Nicholas Financial Amendment

Nicholas Financial entered an amendment to its existing $250 million credit facility, with Bank of America as agent.

January 17, 2017 Bank of America | BMO Harris | First Tennessee Bank | Nicholas Financial | wells fargo ABF Journal

BofA, Wells Provide Revolver to Support Prospect Capital Acquisition

Prospect Capital announced Prospect entered into an agreement to acquire 100% of Nicholas Financial’s stock. Prospect intends to refinance the business using proceeds from a $250 million revolver from Bank of America and Wells Fargo.

December 19, 2013 Bank of America | Nicholas Financial | Prospect Capital ABF Journal