Wells Fargo hired Barry Simmons as the new head of national sales for Wells Fargo Advisors. In this role, Simmons will lead Wells Fargo Advisors’ sales and business development team in the United States.
Hannon Armstrong Sustainable Infrastructure Capital (HASI), an investor in climate solutions, amended its revolving credit facility, increasing the committed line under the revolving credit facility by $240 million to $840 million. JPMorgan Chase Bank is the administrative agent for the facility.
SLR Credit Solutions closed a secured first lien term loan in concert with a revolving line of credit from Wells Fargo for Skullcandy, which used proceeds from the financing to refinance existing debt and provide enhanced flexibility.
Ranger Energy Services, a provider of well service rigs and associated services to the oil and gas industry, closed a new $75 million asset-based lending facility with Wells Fargo as administrative agent and sole lender.
Blackstone completed the acquisition of a majority stake in Emerson’s climate technologies business in a transaction valuing the business at $14 billion. The new standalone business will be named Copeland.
Ryman Hospitality Properties completed a series of refinancing transactions that extend maturities of the company’s $700 million revolving credit facility and $500 million term loan B. Wells Fargo led the refinancing.
Wells Fargo issued debt securities, certificates of deposit, trust preferred securities and preferred stock and related depositary shares that reference the London Interbank Offered Rate (LIBOR) for deposits in U.S. dollars for a three-month tenor.
Alterna Capital Solutions added Bank of America to its senior lending syndicate and increased its line of credit by $65 million, with Bank of America supplying $50 million and Wells Fargo delivering an additional $15 million. Alterna’s line of credit now totals $205 million.
Wells Fargo announced Jeff Hogan joined the corporate and investment bank as co head of global mergers and acquisitions within the banking division, where he will co-lead the M&A team with David DeNunzio.
Wingspire Equipment Finance closed a $195 million credit facility to further expand its direct funding capabilities. Texas Capital Bank agented the facility and Wells Fargo and Bank OZK served as joint lead arrangers.