Fagnani worked for Congress Financial and its successor companies, First Union Business Credit, Wachovia Capital Finance and Wells Fargo Foothill
(now known as Wells Fargo Capital Finance), for more than 30 years.
In addition, Moser has held senior level positions with GMAC Asset Based Finance and Wells Fargo Foothill
(NASDAQ: DLGC) said it has entered into debt-relieving amendments to its credit agreements with both Tennenbaum Capital Partners, LLC (TCP) and Wells Fargo Foothill
Canada ULC (WFFC).
It has also secured a new $55 million revolving-credit facility led by Wells Fargo Foothill
, part of Wells Fargo and Company, and Bank of America N.A.
On March 20, Equity Media entered into an amendment to its credit agreement with Silver Point Finance LLC and Wells Fargo Foothill
Inc, both of which agreed to "forbear from exercising certain of their rights and remedies with respect to designated default under the credit agreement through the earlier of (a) April 18, 2008 and (b) the date of occurrence of certain events or by which certain events have failed to occur, including the Company's failure to enter into agreements with respect to the sale of certain of its assets and the Company's failure to secure approvals for, and meet other criteria with respect to, financing alternatives necessary to meet the Company's immediate capital requirements.
The formal ending of bankruptcy protection occurred after all financial arrangements were completed, including a USD50m secured credit facility with Wells Fargo Foothill
and a USD60m bridge financing in the form of a newly issued series of the company's subordinated convertible notes which will be purchased by RC Aviation under a backstop financing commitment from August 2004.
Mission (77,000 sf), Meister & Selig & Fein (20,250 sf), Storch Ammi & Munves (15,750 sf), BBR Partners (15,750 sf), KBC Bank (15,000 sf), Wells Fargo Foothill
(7,500 sf) and K Street Capital (7,000 sf).
Officials at both Wells Fargo Foothill
and Wells Fargo Bank declined comment for this story.
Wachovia Capital Finance Corporation (Canada), Wells Fargo Business Credit Canada ULC and Wells Fargo Foothill
Canada ULC will now market under the trade name Wells Fargo Capital Finance.
Softrax's assets will be managed by AFS Financial Solutions Inc, a wholly-owned subsidiary of AFS, a software company financially supported by Wells Fargo Foothill
, part of Wells Fargo & Company (NYSE:WFC).
Mission (77,000 sf), Meister & Selig & Fein (20,250 sf), Storch Amini & Munves (15,750 sf), BBR Partners (15,750 sf), KBC Bank (15,000 sf), Wells Fargo Foothill
(7,500 sf), and K Street Capital (7,000 sf).
The firm said that the new organisation would include Wachovia Capital Finance, Wells Fargo Business Credit, Wells Fargo Foothill
, Wells Fargo Retail Finance and Wells Fargo Trade Capital.