WFCF, Brookfield Agent $280MM DIP Financing for Bumble Bee

Bumble Bee Foods has filed Chapter 11 and will receive $280MM in DIP financing in two separate facilities agented by Wells Fargo Capital Finance and Brookfield Principal Credit.

ABL: A Sensible Financing Option for Companies in Transition

With the current economic winds blowing cold one day and hot the next, companies with solid brands may still find themselves in need of restructuring. Borrowers looking to right the ships of business may find that asset-based loans are the best way to regain solvency. Peter Ulmer explains all the advantages that ABLs offer to the borrower under stress.

WFCF Expands ABL Originations Group

Wells Fargo Capital Finance has added three new business development officers to its Corporate Finance and Middle Market Loan Originations Groups, covering the nation’s Midwest, Northeast, and Southeast regions.

WFCF Names Regional ABL Leaders for U.S. Middle Market

Wells Fargo Capital Finance has named Jeremy Baker, Eric Baymiller, Dave Ellis, and Peter Pugliese as its U.S. sales leadership team for the Middle Market ABL group.

WFCF Leads Upsize of BMC Stock Holdings Facility to $425MM

BMC Stock Holdings has increased its senior secured credit agreement, which includes a revolving line of credit from $375 million to $425 million.

WFCF Promotes Morrone, Pfeiffer to Lead Channel Finance Division

Wells Fargo Capital Finance promoted Jack Morrone to division manager and Daniel Pfeiffer to head of Business Development in order to lead the bank’s Channel Finance division.

SG Credit Partners Provides $2MM Loan to Staffing Firm

SG Credit Partners provided a $2 million second lien growth capital loan to a founder-owned staffing company which provides a full suite of employment solutions to IT, life sciences, and business services clients.

WFCF Agents $1.3B Financing for Sycamore Partners Acquisition Essendant

Wells Fargo Capital Finance acted as administrative agent, lead arranger, and book runner on a $1.2 billion asset-based credit facility and a $125 million term loan facility in connection with the acquisition of Essendant by an affiliate of Sycamore Partners.

WFCF Funds $51.5MM Facility for UK Cake Manufacturer BBF

Wells Fargo Capital Finance provided a new three-year £40 million ($51.5 million) financing facility to BBF, a UK-based manufacturer of own-label, licensed and branded ambient cakes and desserts.

Hercules Renews Credit Facility with WFCF $75MM Initial Commitment

Specialty finance company Hercules Capital renewed its credit facility with Wells Fargo Capital Finance. WFCF has committed an initial $75 million in credit capacity under the $125 million accordion credit facility.