Troutner Joins Wells Fargo as Western Region Bank Exec

Financial services executive Steve Troutner joined Wells Fargo as Western region bank executive. Troutner will be based in Los Angeles and report to Head of Consumer Banking Mary Mack.

BofA Amends ABL Revolver for Footware Company Caleres

Bank of America served as administrative agent, collateral agent, documentation agent and lead issuing bank on an amendment to footwear company Caleres’ asset-based revolver, extending it to January 2024.

Wells Fargo Agents $480MM DIP Funding to Support Shopko Restructuring

Regional general merchandise retailer Shopko filed voluntary petitions for a court-supervised financial restructuring under Chapter 11. Wells Fargo acted as administrative agent on $80 million in DIP funding to support the process.

Wells Fargo Agents New $25MM Term Loan for Stage Stores

Wells Fargo Bank acted as administrative agent, collateral agent and term loan agent on a new $25 million term loan for Stage Stores, bringing the total availability under the company’s senior secured revolver to $475 million.

Wells Fargo Brings Aboard JPMorgan Vet as New Head of Technology

Wells Fargo named Saul Van Beurden head of Technology, a new role the company created in October 2018. Van Beurden will be based in New York and report directly to CEO and President Tim Sloan.

Wells Fargo Agents $30MM Upsize to Canyon Midstream Revolver

Wells Fargo served as administrative agent on an amendment to Canyon Midstream Partners II’s revolving credit facility, increasing the borrowing capacity from $70 million to $100 million.

Hewett Joins Wells Fargo Board of Directors

Wayne M. Hewett was elected to the Wells Fargo board of directors. Hewett will serve on the board’s Human Resources and Risk Committees.

Wells Fargo Pays $575MM to Settle Claims Over Retail Practices

Wells Fargo agreed to pay $575 million to settle civil claims with all 50 state attorneys general and the District of Columbia over its previous problematic retail sales practices, auto insurance and mortgage interest rate lock matters.

Wells Fargo Agents $175MM Revolver for Wabash

Wells Fargo Capital Finance served as administrative agent, joint lead arranger and joint bookrunner on a $175 million revolving credit facility for Wabash.

JELD-WEN Revolver Receives $100MM Upsize from Wells Fargo

Wells Fargo acted as both administrative and collateral agent on an amendment to JELD-WEN’s revolving credit agreement, increasing the size of the facility commitments by $100 million.