wells fargo Archives

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

Ares Capital Increases and Extends Revolving Credit Facility with 39 Lenders

Ares Capital increased commitments under its revolving credit facility to approximately $4.8 billion and extended the final maturity date. The facility is led by JP Morgan, Bank of America, Truist, MUFG Bank, SMBC and Wells Fargo and includes a total of 39 lenders.

Wells Fargo Chooses Lupovici to Lead Middle Market Banking in East Region

Wells Fargo named Jessica Lupovici head of the east region for its middle market banking division. Lupovici, who previously worked for JPMorgan Chase, will join Wells Fargo in April.

February 2, 2022 Jessica Lupovici | Kristin Lesher | wells fargo Ian Koplin

Wells Fargo Appoints Flowers Chief Risk Officer

Wells Fargo appointed Derek Flowers chief risk officer. Flowers will lead all aspects of Wells Fargo’s independent risk management function, including compliance risk management.

January 19, 2022 Charlie Scharf | Derek Flowers | Mandy Norton | wells fargo Ian Koplin

RBC, TD Wells Fargo Expand Revolving Credit Facility for Interfor

Interfor closed an early renewal and expansion of its revolving credit facility with a syndicate of Canadian and U.S. banks co-led by RBC Capital Markets, TD Securities and Wells Fargo. The expansion increased the committed amount to $387 million.

December 20, 2021 Interfor | RBC Capital Markets | TD Securities | wells fargo Ian Koplin

Wells Fargo, PNC, Pathlight Capital Refinance JCPenney Facilities

JCPenney paid off its $506 million term loan and completed a refinancing of its asset-based loan and first in, last out facilities. Wells Fargo and PNC led the refinanced ABL facility, which totals $.175 billion, while Pathlight Capital led the FILO facility, which totals $340 million.

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