Metivier, who has nearly 30 years of asset-based lending experience, has previously served as head of Retail Finance Originations at TD Bank, NA - ABL Division (NYSE: TD), Wells Fargo Retail Finance
(NYSE: WFC), and GE Capital's Retail & Restructuring Division (NYSE: GE).
As the #1 SBA lender in America—it is important that Wells Fargo support groups like the ABAOC to help small businesses succeed,” said Jimmy Mai, District Manager and Vice President of Wells Fargo Retail Finance
3m) credit facility, lead-arranged by Banc of America Securities, Wells Fargo Retail Finance
, JPMorgan Securities and GE Capital Markets.
BofA Merrill Lynch, JPMorgan Chase Bank NA and Wells Fargo Retail Finance
Inc are acting as Joint Lead Arrangers and Joint Bookrunners on BKS' new credit facility.
and Wells Fargo Retail Finance
LLC, saying the money is needed for the liquidation.
To assist with the bankruptcy financing and restructuring, Ultimate has received a commitment for up to $113 million in debtor-in-possession financing from Wells Fargo Retail Finance
is seeking court permission to obtain up to $20 million in so-called debtor-in-possession financing from Wells Fargo Retail Finance
LLC in order to continue operations and not be forced to lay off all of its 600 employees.
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.
The funding is provided by a group of lenders led by Wells Fargo Retail Finance
and Back Bay Capital Funding.