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 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.
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.
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.
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.
Wells Fargo Capital Finance served as administrative agent, joint lead arranger and joint bookrunner on a $175 million revolving credit facility for Wabash.
American Tire Distributors successfully emerged from Chapter 11. Wells Fargo Capital Finance provided $1.005 billion in committed exit financing to support the company’s future operations and growth initiatives.
Wells Fargo Capital Finance named Marc Grossman executive vice president and division manager of factoring and specialty asset-based lending in its Commercial Services Group.
Chad Ludwig joined Wells Fargo Capital Finance in the Government Services Group. He will be based in McLean, VA and report to Samantha Bloom, Government Services relationship team manager.
Deloitte Corporate Finance LLC acted as the exclusive financial advisor to AirBorn, Inc. in its recapitalization with LBC Credit Partners and Wells Fargo Capital Finance.