Tupperware Brands entered into a second amendment to its credit agreement to allow the company to further implement its ongoing turnaround plan. According to an 8K filed with the SEC, Wells Fargo is the administrative agent for the agreement.
DCL Corporation, a manufacturer and reseller of color pigments, filed for bankruptcy in the United States and Canada. In support of the restructuring process, Wells Fargo, DCL’s existing lender, agreed to provide up to $55 million in debtor-in-possession financing.
eCapital increased its syndicated bank facility. Wells Fargo acted as the administrative agent for the facility while serving as joint lead arranger and joint book runner with Regions Bank. The facility increase brings eCapital’s total bank facility commitments to more than $1.2 billion.
Wells Fargo launched an emerging middle-market (EMM) segment within its Metro New York commercial banking team. The new segment will be led by Alicia Iskhakova in New York City and John DeSclafani in New Jersey.
Ritchie Bros. closed an amendment to its credit agreement with a syndicate of lenders to support the closing of its proposed merger with IAA. BofA Securities, RBC Capital Markets, Goldman Sachs and Wells Fargo Securities served as joint bookrunners for the agreement.
Gibraltar Industries closed on a $400 million five-year revolving credit facility. KeyBanc Capital Markets, Bank of America, M&T Bank and PNC Bank acted as joint lead arrangers for the new facility, with Comerica Bank, TD Bank and Wells Fargo serving as co-documentation agents.
Greenbacker Renewable Energy Company closed a new $150 million senior secured sustainability revolving credit facility. Fifth Third Bank served as the administrative agent for the facility.
Fashion apparel retailer Express entered into two transactions in support of a comprehensive plan to refinance its capital structure and expand its liquidity access while concurrently reducing interest rate exposure and providing flexibility to pay down its outstanding term debt balance.
Wells Fargo promoted Adam Kleinman to commercial banking division sales executive for the Metro New York and New Jersey region. This move further bolsters the bank’s presence in New York City, Long Island and New Jersey. Kleinman’s new role will become effective on Dec. 5.
Wells Fargo named Kristy Fercho head of diverse segments, representation and inclusion. Fercho will succeed Kleber Santos, Wells Fargo’s current CEO of consumer lending.