Wells Fargo Bank Archives

Wells Fargo et al. Arrange $200MM Term Loan at Reduced Interest Rate for 8×8

8×8 secured a new $200 million delayed draw term loan credit facility. Wells Fargo Securities, MUFG Bank, LTD, and Silicon Valley Bank, a division of First Citizens Bank, served as joint lead arrangers and bookrunners. Wells Fargo Bank will serve as administrative agent.

Wells Fargo Agents New $500MM Credit Facility for Elme Communities

Elme Communities has entered into a new $500 million credit facility to replace the prior revolving credit facility, which had been due to mature in August 2025. Wells Fargo Bank served as administrative agent for the facility.

July 12, 2024 credit facility | Elme Communities | Steven Freishtat | Wells Fargo Bank Brianna Wilson

Citibank, Wells Fargo, et al. Amend and Restate $475MM Credit Facility for Nabors

Nabors Industries closed, on June 17, 2024, an amendment and restatement of its secured credit facility. The new $475 million facility is comprised of $350 million for revolving credit and $125 million for letters of credit.

Wells Fargo Provides $1.1B Credit Facility for White Oak Commercial Finance

White Oak Commercial Finance (WOCF) closed a new $1.1 billion credit facility agented by Wells Fargo Bank, including 11 other banks, increasing the capital that can be invested in asset-based lending. Additionally, WOCF and White Oak ABL merged the two entities into WOCF.

JPMorgan, Citi and Wells Fargo Support APA’s Acquisition of Callon Petroleum

APA Corporation will acquire Callon Petroleum Company in an all-stock transaction valued at approximately $4.5 billion. JPMorgan Chase Bank, Citigroup Global Markets and Wells Fargo Bank jointly provided $2 billion of committed financing for the deal.

Siena Lending Group Closes $26MM Revolver for Salem Media Group

Salem Media Group, a conservative Christian multimedia company, closed a new three-year, $26 million asset-based revolving credit facility with Siena Lending Group. The new facility refinanced Salem Media Group’s prior revolving facility with Wells Fargo Bank.

December 28, 2023 Salem Media Group | Siena Lending Group | Wells Fargo Bank Ian Koplin

ING, Wells Fargo, MUFG and Societe Generale Expand and Renew $700MM Credit Facility with 61C

Six One Commodities (61C) closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility. The facility includes a $300 million accordion feature, bringing total capital available to $1 billion.

ING Capital Arranges BB Energy’s Credit Facility Expansion to $600MM

BB Energy, an independent energy trading company, renewed and expanded its senior secured borrowing base credit facility in the Americas. ING Capital acted as arranger and bookrunner in the syndication and will act as administrative agent for the facility.

Graham Corporation Refinances Debt with New $50MM Revolving Credit Facility

Graham Corporation closed on a new, five-year $50 million senior secured revolving credit facility with Wells Fargo Bank to pay down the remaining $11.5 million balance of its term loan and the $725,000 exit fee from its previous lending agreement amendments.

October 17, 2023 Christopher Thome | Graham Corporation | Wells Fargo Bank Ian Koplin

Wells Fargo Upsizes Credit Facility and Term Loan B for ASGN Incorporated

ASGN Incorporated, a provider of IT services and professional solutions, including technology and creative digital marketing, across the commercial and government sectors, completed a series of transactions that upsize its revolving credit facility and term loan B, extending the maturities of each.

September 1, 2023 ASGN Incorporated | Ted Hanson | Wells Fargo Bank Ian Koplin

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