Tag Archives: Wells Fargo Capital Finance

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 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.

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 Capital Finance Delivers $208.9MM Asset-Based Credit Facility to City Electrical Factors

Acting as the sole lender, Wells Fargo Capital Finance provided a five-year £150 million ($208.9 million) asset-based credit facility to City Electrical Factors, an electrical wholesale network based in the United Kingdom. The facility will provide liquidity for the future growth and working capital requirements of City Electrical Factors.