Wells Fargo Bank Archives

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

Hudson Technologies Completes Full Repayment of Outstanding Term Debt

Hudson Technologies, a provider of refrigerant products and services to the heating, ventilation, air conditioning and refrigeration industries, repaid in full the remaining principal balance outstanding under its credit agreement with TCW Asset Management.

August 22, 2023 Brian F. Coleman | Hudson Technologies | TCW Asset Management Company | Wells Fargo Bank Ian Koplin

eCapital’s Bank Facility Commitments Reach $1.4B with Latest Facility Increase

eCapital received a $110 million increase to the syndicated bank facility supporting its asset-based lending group. With its latest increase, eCapital’s total bank facility commitments now exceed $1.4 billion. Wells Fargo acted as administrative agent for the syndicated facility.

August 1, 2023 eCapital | Marius Silvasan | Regions Bank | Wells Fargo Bank Ian Koplin

Wells Fargo, PNC and BMO Provide $650MM Credit Facility to Service Properties Trust

Service Properties Trust entered into a $650 million secured revolving credit facility. Wells Fargo Securities, PNC Capital Markets and BMO Harris Bank are the joint lead arrangers and joint lead bookrunners for the credit facility.

JPMorgan Chase Bank Provides $90MM Asset-Based Credit Facility to Myriad Genetics

Myriad Genetics, a provider of genetic testing and precision medicine, established a $90 million asset-based credit facility with JPMorgan Chase Bank as administrative agent and issuing bank.

July 7, 2023 Bank of America | JPMorgan Chase Bank | Myriad Genetics | Wells Fargo Bank Ian Koplin

TD Bank Leads $90MM Credit Facility with The Eastern Company

The Eastern Company, an industrial manufacturer of engineered solutions serving commercial transportation, logistics and other industrial markets, established a new five-year, $90 million senior secured credit facility. TD Bank was the lead arranger for the transaction.

Wells Fargo Provides $700MM Credit Facility and $150MM Term Loan to Merit Medical

Merit Medical Systems entered into a five-year senior secured credit agreement. The credit agreement includes a revolving credit facility in an aggregate principal amount of up to $700 million and a term loan facility in an aggregate principal amount of up to $150 million. Wells Fargo Bank is acting as administrative agent for the facilities.

June 9, 2023 Merit Medical Systems | Raul Parra | Wells Fargo Bank Ian Koplin

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