Huron Consulting Group is serving as financial advisor for Northwest Hardwoods, which filed for relief under Chapter 11 of the Bankruptcy Code. Bank of America and Wells Fargo will refinance an existing ABL facility as part of the company’s financial restructuring.
Wells Fargo expanded a revolving credit facility for Phillips Pet Food & Supplies, a national distributor of pet food and supplies. The company also completed a comprehensive refinancing, which included more than $20 million of new investment capital from existing investors.
Wells Fargo Bank provided American retailer Tilly’s with a new three-year, $65 million ABL facility, replacing the company’s previous $25 million revolving credit facility with the bank.
Core Molding Technologies closed a new credit facility with Wells Fargo and FGI Equipment Finance. The new credit facility is a combination of $31.7 million of new term loan capacity and $25 million of revolving loan capacity.
Kleber Santos will join Wells Fargo on Nov. 9 as head of the newly created diverse segments, representation and inclusion group to elevate the company’s internal and external diversity efforts. He will report to CEO Charlie Scharf and serve on the company’s operating committee.
JAKKS Pacific reached an agreement with holders of its term loan and Wells Fargo, holder of its revolving credit facility, to receive a waiver on its EBITDA covenant until March 31, 2022.
Lucy To joined Wells Fargo Corporate & Investment Banking’s healthcare coverage group as a managing director focused on the biotech investment banking sector. To joined Wells Fargo from Deutsche Bank.
Baldwin Risk Partners, a subsidiary of BRP Group, priced a loan syndication for a new $400 million senior secured first lien term loan facility maturing in 2027 and a new $400 million senior secured first lien revolving credit facility maturing in 2025.
CEO of Wells Fargo, Charlie Scharf, sent a company-wide message to all employees regarding previous comments made referencing diverse talent in June’s “Our commitment to change” memo.
Greg Thorne joined Wells Fargo Corporate & Investment Banking’s technology, media and telecom coverage group as a managing director focused on software investment banking. Prior to joining Wells Fargo, Thorne was a managing director at Deutsche Bank.