Koppers Holdings, a provider of treated wood products, wood treatment chemicals and carbon compounds, completed the repricing and upsizing of its secured term loan B, increasing the principal balance to $497 million. Wells Fargo is acting as administrative agent for the term loan.
Jason M. Rosenberg will join Wells Fargo on April 15 as head of public affairs, reporting to CEO Charlie Scharf and joining the company’s operating committee. Rosenberg joined Wells Fargo from Block, which he joined in 2022 as head of corporate affairs.
Matador Resources Company amended its credit agreement to, among other things, increase the maximum facility amount to $3.5 billion and add five new banks, including Capital One, Citizens Bank, Mizuho Bank, TD Bank and Wells Fargo.
Lumine Group, an acquirer of communications and media software companies, entered into a $310 million revolving credit facility with a syndicate of Canadian and U.S. financial institutions led by BMO.
Gambling.com, a provider of player acquisition services for the regulated online gambling industry, closed a new credit facility with Wells Fargo in the principal amount of $50 million, comprised of a $25 million revolving credit facility and a $25 million term loan facility.
Doug Braunstein joined Wells Fargo as vice chairman. Braunstein joined Wells Fargo with more than 35 years of industry experience, including nearly two decades at JPMorgan Chase, where he held several executive management roles, including CFO and vice chairman.
Wells Fargo named Erik Karanik head of independent solutions for its wealth and investment management (WIM) business. Since 2021, Karanik has served as the head of control management for the WIM business.
SmartStop Self Storage REIT entered into an amended and restated multi-currency revolving credit facility of up to $650 million with a syndicate of banks led by KeyBank, BMO, JPMorgan Chase, M&T Bank, Truist and Wells Fargo.
Pebblebrook Hotel Trust extended approximately $357 million of its $460 million October 2024 maturity term loan to 2028. BofA Securities led the term loan extension, serving as joint lead arranger and sole bookrunner.
Asset-based lending is an industry built on making deals, but at the heart of every one of those transactions is a financial solution for a business. To honor this fundamental pillar of the industry, ABF Journal is proud to present its second annual Deals of the Year listing to provide a more in-depth look at some of the most intriguing and impactful transactions of 2023.