Wells Fargo Capital Finance Archives

Wells Fargo Capital Finance Provides $100MM Credit Facility to Legacy Corporate Lending

Legacy Corporate Lending, an independent asset-based lending company, closed a $100 million senior credit facility with Wells Fargo Capital Finance. The facility will support Legacy Corporate Lending’s growth in serving the middle-market ABL space.

October 24, 2023 Legacy Corporate Lending | Paul Martin | Stewart Hayes | Wells Fargo Capital Finance Ian Koplin

Building a Legacy: Stewart Hayes is Your Lender’s Favorite Lender

With nearly 30 years of experience in asset-based lending, Stewart Hayes has enjoyed a rich history of helping to build Wells Fargo’s lender finance unit and financing companies that have flourished in the industry. He shared his significant career experience and outlook on the industry with ABF Journal.

October 12, 2023 Stewart Hayes | Wells Fargo Capital Finance Ian Koplin

Siena Increases Senior Leverage Facility with Wells Fargo Capital Finance to $672.5MM

Siena Lending Group increased its senior credit facility with Wells Fargo Capital Finance to $672.5 million to support its continued growth. Siena is an independent asset-based lending business.

February 1, 2023 David Grende | David Koshenina | Siena Lending Group | Wells Fargo Capital Finance Ian Koplin

MidCap Increases Credit Facility with Wells Fargo to Support New Equipment Finance Business

MidCap Business Credit increased its senior credit facility with Wells Fargo Capital Finance to $200 million. This upsize will enable MidCap to support the growth of its existing asset-based lending business and support the launch of its equipment finance vertical.

Wells Fargo Capital Finance Increases Credit Facility to $575MM for Siena Lending Group

Siena Lending Group increased its senior credit facility with Wells Fargo Capital Finance to $575 million. This upsize will enable Siena to continue its growth following a historic year in which it closed more than $565 million in facilities across 20 relationships.

March 23, 2022 David Grende | Siena Lending Group | Stewart Hayes | Wells Fargo Capital Finance Ian Koplin

Wells Fargo Leads Transition of Select Energy’s ABL to Sustainability-Linked Structure

Select Energy Services transitioned its existing asset-backed loan facility into a sustainability-linked loan facility, while extending the facility through March of 2027. Wells Fargo Bank was the lead arranger for the facility.

Wells Fargo Capital Finance Provides $88.6MM Hybrid Facility to AllSaints and John Varvatos

Wells Fargo Capital Finance provided a global hybrid asset-based and intellectual property facility to AllSaints and its subsidiary, John Varvatos. More specifically, acting as the sole lender, Wells Fargo Capital Finance provided a multijurisdictional, five-year, £65 million ($88.6 million) financing solution.

November 2, 2021 AllSaints | John Varvatos | Peter Wood | Tayyib Chowdhry | Wells Fargo Capital Finance Ian Koplin

Wells Fargo Delivers $50MM Credit Facility to Medsphere

Wells Fargo extended a $50 million credit facility to Medsphere, a provider of affordable and interoperable healthcare IT platform solutions, enabling the company to continue its current growth trajectory.

October 28, 2021 Irv Lichtenwald | Medsphere | Michael Ackad | Wells Fargo Capital Finance Ian Koplin

Secured Finance Foundation Announces New Board for 2022

The Secured Finance Foundation announced its new board members and co-chairs for 2022 and noted the board members’ various areas of special attention, ranging from education, fundraising and community development to data and next generation initiatives.

Wells Fargo, Fifth Third and BofA Increase Renewable Energy Group’s LOC to $250MM

Renewable Energy Group extended and increased its line of credit with Wells Fargo Capital Finance, Fifth Third Bank and Bank of America to a maximum of $250 million. The facility was also extended through five years through September 2026.

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