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Tag: Wells Fargo


Capital and risk, Credit

Wells Fargo Agents $1.5B Facility for Bloomin’ Brands

December 6, 2017

Via: ABF Journal

Casual fast food operator Bloomin’ Brands completed a senior secured financing of up to $1.5 billion, consisting of a $500 million term loan A and a $1 billion revolving credit facility. According to a related 8-K filing, Wells Fargo served […]


Activity, Capital and risk, Corporate banking, Credit

JPMorgan Agents $273MM Facility for Progress Software

November 28, 2017

Via: ABF Journal

Progress Software amended its credit agreement to include a $123.7 million senior secured term loan and a $150 million revolving credit facility. According to a related 8-K filing, JPMorgan Chase Bank served as administrative agent, sole bookrunner and sole lead […]


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Why Warren Buffett Should Sell His Wells Fargo Stake

November 15, 2017

Via: TheStreet

Colin Kaepernick felt so strongly about his message of social and racial equality that he not only took a knee during the U.S. national anthem to spread the word, but also very likely ended his career in professional football at […]


Activity, Investment banking

Wells Fargo Securities Names Hudson & Lesher Co-Heads Investment Banking Coverage

November 14, 2017

Via: ABF Journal

Wells Fargo Securities named John Hudson and Kristin Lesher the new co-heads of Investment Banking Coverage, effective immediately. Both will report to Walter Dolhare and Rob Engel, co-heads of Wells Fargo Securities. Hudson and Lesher are senior bankers within Wells […]


Activity, Investment banking, Trading

Why investors are shrugging off high valuations in stocks

November 14, 2017

Via: Market Watch

U.S. stocks are trading at valuations that are viewed as stretched by many metrics, with some measures reminiscent of the periods before major market collapses. In response, a number of analysts are saying, “So what?” Global stocks have rallied throughout […]


Capital and risk, Credit

Wells Fargo Agents TeleTech Facility Upsize to to $1.2B

November 3, 2017

Via: ABF Journal

TeleTech Holdings amended its revolving line of credit by exercising its accordion feature to increase the total commitments by $300 million to $1.2 billion. The credit facility will provide TeleTech with increased financial capacity and flexibility to support growth-oriented investments, […]


Capital and risk, Credit

Wells Fargo Agents $1.5B Credit Facility for Brink’s

October 23, 2017

Via: ABF Journal

Brink’s closed a $1.5 billion credit facility that includes a $1 billion senior secured revolving credit facility and a $500 million senior secured term loan A. According to a related 8-K filing, Wells Fargo served as administrative agent, issuing lender […]


Regulations

Wells Fargo’s CEO knows why customers are staying away even if Wall Street needs a reminder

October 16, 2017

Via: Market Watch

There were questions about loan growth, credit quality, and home equity lines of credit. There were several about closing branches as customers embrace mobile banking, and one on interest rates – all very standard questions for analysts to ask on […]


Capital and risk, Operational, Products, Retail banking

Wells Fargo launches mobile “tap and pay” functionality at 5,000 ATMs

October 11, 2017

Via: Banking Technology

More than 5,000 ATMs of Wells Fargo (40% of its ATM network) now have near-field communication (NFC) enabled mobile wallet capability – i.e. the bank’s debit card customers can now “tap and pay”. The bank says it aims to upgrade […]


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Wells Fargo Underwrites Itron Acquisition of Silver Spring Networks

October 9, 2017

Via: ABF Journal

Itron will all outstanding shares of Silver Spring for $16.25 per share in cash in a transaction valued at $830 million, excluding $180 million in Silver Spring cash. Itron is funding the deal, fully underwritten by Wells Fargo, with cash […]