Wells Fargo Provides $127.5MM Credit Facility to Farmer Bros.

Farmer Bros. finalized a new $127.5 million, four-year financing arrangement, which includes an $80 million asset-backed revolving credit facility and a $47.5 million term loan due April 2025. The financing was led by Wells Fargo Bank.

April 28, 2021 Farmer Bros. | Scott Drake | wells fargo Ian Koplin

Wells Fargo-Led Syndicate Closes $1.25B ESG-Linked Revolver for American Homes 4 Rent

American Homes 4 Rent closed a $1.25 billion sustainability-linked revolving credit facility, amending its existing $800 million revolving credit facility. A total of 15 lenders participated in the facility, including Wells Fargo Bank as administrative agent.

April 19, 2021 American Homes 4 Rent | Associated Bank | Bank of America | Bank of Montreal | BBVA USA | BofA Securities | Chris Lau | Citibank | City National Bank | JPMorgan Chase Bank | Mizuho Bank | Morgan Stanley Bank | PNC Bank | PNC Capital Markets | Raymond James Bank | Regions Bank | The Bank of Nova Scotia | U.S. Bank | wells fargo | Wells Fargo Securities Ian Koplin

Santos Named Interim Head of Human Resources at Wells Fargo as Galloreese Exits

David Galloreese, head of human resources at Wells Fargo, will leave the company on April 23. Kleber Santos, head of diverse segments, representation and inclusion and a member of the operating committee for Wells Fargo, will take on the role on an interim basis.

April 16, 2021 Charlie Scharf | David Galloreese | Kleber Santos | wells fargo Ian Koplin

PNC and Wells Fargo Provide $1.4B Credit Facility to Apartment Income REIT

Apartment Income REIT closed a new $1.4 billion credit facility. PNC Capital Markets and Wells Fargo Securities led the syndication as joint bookrunners and lead arrangers. PNC Bank is also the administrative agent and sustainability agent for the facility.

April 15, 2021 Apartment Income REIT | Associated Bank | Bank of America | Bank of the West | Citibank | First Hawaiian bank | JPMorgan Chase | Morgan Stanley Bank | Paul Beldin | People's United Bank | PNC Bank | PNC Capital Markets | Regions Capital Markets | TD Bank | The Bank of Nova Scotia | U.S. Bank | wells fargo | Wells Fargo Securities | Zions First National Bank Ian Koplin

TTEC Exercises Accordion Feature to Increase Wells Fargo-Led Facility to $1.2B

TTEC Holdings, a customer experience software firm, amended its credit facility by exercising its accordion feature to increase the total commitments by $300 million to $1.2 billion. Incremental commitments were provided by a syndicate of banks arranged by Wells Fargo.

March 30, 2021 Bank of the West | including Bank of America | Northern Trust | Paul Miller | PNC Bank | TTEC | U.S. Bank | wells fargo Ian Koplin

Wells Fargo Agrees to Sell Corporate Trust Services Business to Computershare

Wells Fargo has entered into a definitive agreement to sell its Corporate Trust Services (CTS) business to Computershare. The transaction, expected to close in the second half of 2021, has a purchase price of $750 million.

March 24, 2021 Computershare | Corporate Trust Services | CTS | wells fargo Rita Garwood

Grewal Joins Wells Fargo as Head of Digital for Commercial, C&I Banking

Wells Fargo named Reetika Grewal head of digital for commercial banking and corporate and investment banking. Grewal joined Wells Fargo from JPMorgan Chase, where she was most recently the head of digital for the commercial bank.

March 18, 2021 Ather Williams III | Liz Guthrie | Michelle Moore | Reetika Grewal | Toby Brown | wells fargo Rita Garwood

Swanson Joins MUFG as Northern California Market President of Commercial Banking

MUFG Union Bank hired Rob Swanson as managing director and Northern California market president. Prior to joining MUFG, he served as a managing director and market executive for the western region at Wells Fargo, covering technology banking.

February 25, 2021 Bita Ardalan | MUFG Union Bank | Rob Swanson | wells fargo Phil Neuffer

Wells Fargo Sells Asset Management Business to GTCR and Reverence Capital Partners for $2.1B

Wells Fargo entered into a definitive agreement to sell Wells Fargo Asset Management to GTCR and Reverence Capital Partners for $2.1 billion. The sale includes Wells Fargo’s business of acting as trustee to its collective investment trusts and all related Wells Fargo Asset Management legal entities.

February 23, 2021 Barry Sommers | Collin Roche | GTCR | Joseph A. Sullivan | Milton Berlinski | Nico Marais | Reverence Capital | Reverence Capital Partners | Skadden Arps Slate Meagher & Flom | wells fargo Phil Neuffer

Citizens Adds Ulmer as Managing Director in Transitional Finance

Citizens Bank hired Peter Ulmer as a managing director of the bank’s transitional finance team. Ulmer previously served at Wells Fargo for 20 years and has experience as a financial partner to corporate clients throughout the business life cycle.

February 23, 2021 Brent Hazzard | Citizens Financial Group | Peter Ulmer | wells fargo Phil Neuffer