wells fargo Archives

Huron Advises Northwest Hardwoods in Restructuring; BofA and Wells to Refinance ABL

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 Expands Credit Facility for Phillips Pet Food & Supplies

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.

November 16, 2020 Blaine Phillips | Phillips Pet Food & Supplies | Todd Shelton | wells fargo Ellie Delany

Wells Fargo Provides Tilly’s with $65MM ABL Facility

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.

November 11, 2020 Ed Thomas | Tilly’s | wells fargo Ellie Delany

Wells Fargo, FGI Equipment Finance Provide $56.7MM Credit Facility to Core Molding

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.

November 6, 2020 Core Molding Technologies | Core Traditional | FGI Equipment Finance | Horizon Plastics | wells fargo Ellie Delany

Wells Fargo Names Santos Head of Diverse Segments, Representation and Inclusion

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.

November 3, 2020 Charlie Scharf | Kleber Santos | wells fargo Ellie Delany

Wells Fargo Provides Covenant Relief, Partial Pre-Payment of Term Loan for JAKKS

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.

October 20, 2020 JAKKS | Stephen Berman | wells fargo Ellie Delany

To Joins Wells Fargo’s Corporate & Investment Banking Healthcare Group

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.

October 19, 2020 David Gillespie | John Fowler | Lucy To | wells fargo | Wells Fargo Corporate & Investment Banking Ellie Delany

BRP Group Prices New Senior Secured Facilities

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.

Wells Fargo CEO Scharf Sends Company Message Regarding Diversity and Inclusion

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.

Thorne Joins Wells Fargo’s Technology, Media and Telecom Group

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.

September 18, 2020 David Gillespie | Gerry Walters | Greg Thorne | wells fargo | Wells Fargo Corporate & Investment Banking Phil Neuffer

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