wells fargo Archives

ING, Wells Fargo, MUFG and Société Générale Expand Six One Commodities’ Revolver

Six One Commodities closed a one-year, $745 million revolving borrowing base credit facility, which was expanded from $540 million by the company’s existing financial institutions. ING Capital, Wells Fargo, MUFG and Société Générale are joint lead arrangers for the facility.

Wells Fargo Names DuBose Head of Secured Lending Division

Wells Fargo named Mary Katherine DuBose the head of the bank’s secured lending division, which includes asset-based lending, equipment finance, supply chain finance and inventory finance. Previously, DuBose was Wells Fargo’s chief credit officer.

July 21, 2022 Kyle Hranicky | Mary Katherine DuBose | wells fargo Ian Koplin

Wells Fargo Appoints Santos CEO of Consumer Lending

Wells Fargo appointed Kleber Santos CEO of consumer lending, effective immediately. Santos will lead all aspects of Wells Fargo’s consumer lending business, including home lending, auto, credit cards and merchant services and personal lending.

July 12, 2022 Charlie Scharf | Kleber Santos | Mike Weinbach | wells fargo Ian Koplin

Apollo Acquires Cardenas Markets from KKR

Apollo agreed to acquire Cardenas Markets, a grocery retailer focused on serving the Hispanic community, from investment funds affiliated with KKR, a global investment firm.

Wells Fargo Leads Syndicate Providing $450MM Borrowing Base Increase to Northern Oil and Gas

Northern Oil and Gas entered into an amended and restated credit agreement governing its reserves-based revolving credit facility with Wells Fargo, as administrative agent, and a syndicate of 14 lenders. The borrowing base under the facility has been increased to $1.3 billion from $850 million.

June 8, 2022 Chad Allen | Northern Oil and Gas | wells fargo Ian Koplin

JP Morgan and Wells Fargo Provide $3.25B Senior Secured Credit Facility to Zebra Technologies

Zebra Technologies closed on a $3.25 billion senior secured credit facility that will mature in May 2027. J.P. Morgan and Wells Fargo were co-left lead arrangers on the structuring and syndication of the facility.

May 27, 2022 J.P. Morgan | Nathan Winters | Proskauer | wells fargo | Zebra Technologies Ian Koplin

JP Morgan, BofA and Wells Fargo Increase Credit Facility to $750MM for Curtiss-Wright

Curtiss-Wright entered into a new credit agreement with a group of eight banks increasing the size of its revolving credit facility to $750 million while also expanding the accordion feature to $250 million.

Wells Fargo Promotes Ricci to Chief Auditor

Wells Fargo promoted Paul Ricci to chief auditor, effective immediately. Ricci joined Wells Fargo in December 2019 as the chief audit director of corporate risk and capital management.

May 18, 2022 Charlie Scharf | Paul Ricci | wells fargo Ian Koplin

Wells Fargo Forms Distinct Businesses within CIB Markets Group

Wells Fargo formed six businesses within its corporate and investment bank’s (CIB) markets group, effective immediately. The leaders of each business line will report directly to Mike Riley and Dan Thomas, co-heads of markets for Wells Fargo.

Wells Fargo Names O’Hara Head of Banking for CIB, Engel Chairman of Banking

Tim O’Hara will join the corporate and investment bank at Wells Fargo on May 9 as head of banking. In addition, Rob Engel, who has led banking since 2014 and joined Wells Fargo in 2005, will assume the new role of chairman of banking.

April 19, 2022 John Weiss | Rob Engel | Tim O’Hara | wells fargo Ian Koplin

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