Integrated Electrical Services amended its credit and security agreement with Wells Fargo Capital Finance to include a new two-year, $5 million term loan and a one-year extension of the revolver to August 9, 2016.
Music and entertainment retailer hmv Canada announced the signing of a new $25 million credit agreement with Wells Fargo Business Credit, a division of Wells Fargo Capital Finance.
Retail-Week.com reported that UK-based department store Beales secured an asset-based refinancing with Burdale Financial, a Wells Fargo Capital Finance company, after the retailer fell into the red.
Wells Fargo Capital Finance announced that Michael Janda joined as managing director of its Healthcare Finance team. He previously served in a primary role at a home health company as founder and president of Citra Associates.
Garrison Investment Group and Wells Fargo Capital Finance completed a refinancing of Apple & Eve, an independent juice company in the U.S. The refinancing was completed by ClearLight Partners, in partnership with management.
Huttig Building Products amended its $120 million senior secured credit facility, extending the maturity five years to December 21, 2017. GE Capital and Wells Fargo Capital Finance were co-lenders.
Is there presently a trend of soft pricing and loose structure in the ABL marketplace? Or is post-recession competition a reflection of normal supply and demand in the current the economic cycle? Howard Brod Brownstein asks 14 leaders of institutions ranging from ABL giants to smaller, non-regulated players to share their candid observations about ABL pricing and structure for the balance of 2012 and 2013.
Is there presently a trend of soft pricing and loose structure in the ABL marketplace? Or is post-recession competition a reflection of normal supply and demand in the current the economic cycle? Howard Brod Brownstein asks 14 leaders of institutions ranging from ABL giants to smaller, non-regulated players to share their candid observations about ABL pricing and structure for the balance of 2012 and 2013.
For the first time in over 20 years, the Commercial Finance Association’s Annual Convention will be held in New York City. The convention will take place November 16-18, 2011, at the New York Marriott Marquis. CFA’s annual convention is the largest gathering of asset-based lending and factoring professionals and offers unparalleled networking and educational opportunities. The event attracts professionals from around the world involved with asset-based lending, factoring, appraisals/auctions/liquidations, turnaround management and commercial finance law to collaborate on issues in commercial lending.
As an education major turned asset-based lender Peter Schwab learned his lessons well along the way. ABF Journal spent time with Schwab to find out more about the defining events of his career and the legacy he leaves behind at Wells Fargo Capital Finance. And while the deals factored heavily in his success, it’s the people he led that mattered most.