Tag: Wells Fargo

Capital and risk, Credit

Wells Fargo Agents $250MM Facility for Wingstop

February 1, 2018

Via: ABF Journal

Wingstop closed a new $250 million senior secured credit facility with Wells Fargo Bank as administrative agent as part of the company’s recapitalization The new five-year credit facility bears an initial interest rate of LIBOR + 275 bps and consists […]

Activity, Corporate banking

Wells Fargo Expands Middle Market Banking to El Paso

January 22, 2018

Via: ABF Journal

Wells Fargo chose El Paso, TX as home for a new Middle Market Banking office. Vanessa Barreda-Ramirez was promoted to lead the West Texas location, advancing the bank’s community-based approach to serving privately held, middle-market companies with revenues of $20 […]

Capital and risk, Credit, Regulations

Wells Fargo Sued by Navajo Nation for Alleged Predatory Tactics

December 14, 2017

Via: Insurance Journal

The Navajo Nation announced that it’s suing Wells Fargo for allegedly engaging in predatory and unlawful banking practices that targeted and harmed tribal members. In a statement, Navajo Nation President Russell Begaye said the tribe’s lawyer has been directed to […]

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 […]


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 […]