MarineMax, a recreational boat and yacht retailer, completed $1.35 billion in senior secured credit facilities. M&T Bank led the facilities as administrative agent and joint lead arranger, along with Wells Fargo Commercial Distribution Finance as joint lead arranger and floor plan agent.
Wells Fargo Commercial Distribution Finance served as agent to an amendment to MarineMax’s $440 million credit facility, which now has a three-year term. The facility includes M&T Bank, Bank of the West and Truist Bank as lending partners.
CDW increased the size of its asset-based revolving credit facility from $1.25 billion to $1.45 billion. JPMorgan Chase Bank served as administrative agent.
Wells Fargo Commercial Distribution Finance signed a dealer financing program with Columbia ParCar, an electric vehicle manufacturer.
Wells Fargo Commercial Distribution Finance extended its dealer financing program with LS Tractor USA, a manufacturer of tractor equipment.
WhiteLight Group, a provider of enterprise business applications services and software has been acquired by Venture Technologies. Wells Fargo Commercial Distribution Finance and White Oaks Global Advisors provided senior debt financing to support the acquisition.
Wells Fargo Commercial Distribution Finance extended its inventory financing program through 2020 with motorcycle manufacturer KTM.