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.
Golden West Food Group, a manufacturer and distributor of food products, completed a $475 million refinancing transaction. J.P. Morgan and Wells Fargo were the joint lead arrangers, with J.P. Morgan serving as administrative agent.
Canes Midstream, a Dallas-based midstream company, entered into an amendment to its credit facility, increasing its size to $415 million and extending its maturity by one year to February 2027. Wells Fargo acted as administrative agent on the transaction.
Entravision, a global advertising solutions, media and technology company, entered into a $275 million credit facility, consisting of a $200 million term loan A and a $75 million revolving credit facility.
Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank.
Verdant Commercial Capital’s increased its primary warehouse line of credit, led by Wells Fargo Bank, to $225 million with the addition of Regions Bank as a participant in the lending group.
Westrock Coffee closed an amendment to the company’s existing $350 million credit agreement that established a new class of incremental term loan commitments in the form of a senior secured delayed draw term loan credit facility in the aggregate principal amount of $50 million.
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.