Wells Fargo Capital Finance acted as administrative agent, lead arranger and book runner for an $825 million asset-based credit facility in connection with the acquisition of Barnes & Noble by Elliott Advisors (UK).
An affiliate of Variant Equity Advisors acquired Coach USA and Coach Canada. Wells Fargo Capital Finance acted as administrative agent for the ABL facility provided for the acquisition.
Wells Fargo Capital Finance promoted Jack Morrone to division manager and Daniel Pfeiffer to head of Business Development in order to lead the bank’s Channel Finance division.
Specialty finance company Hercules Capital renewed its credit facility with Wells Fargo Capital Finance. WFCF has committed an initial $75 million in credit capacity under the $125 million accordion credit facility.
Wells Fargo Capital Finance served as sole lender and administrative agent on an $80 million revolving credit facility and administrative agent on a $105 million term loan for APPVION.
DynTek, a provider of professional technology services, closed a new three-year $50 million revolving line of credit and commercial banking relationship with Wells Fargo Capital Finance.
Barry L. Bobrow, managing director and head of Loan Sales & Syndications for Wells Fargo Capital Finance will be awarded the National Jewish Health Humanitarian Award at the March 16, 2017 40th Annual Financial Industries Dinner.
WFCF announced new leadership roles for executives Scott Diehl, Steve Macko and Kurt Marsden. Each will lead one of the three core WFCF business groups, and report to new president and COO, Guy Fuchs.