Wells Fargo Capital Finance, part of Wells Fargo & Co., and Capital One Bank said Friday they co-led the closing of a $100 million loan for Teletrac and subsidiaries. Teletrac, which is backed by Vector Capital, provides fleet management devices and systems to long haul, local, service and delivery fleets. Teletrac plans to use the proceeds to refinance senior debt, provide a dividend to the sponsor and to financing ongoing working capital requirements.
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Local marketing strategy provider Ketchum Directory Advertising has acquired select assets of New York-based local search agency TMP Directional Marketing, as well as the closing of a senior secured credit facility with Wells Fargo Capital Finance. FocalPoint Securities acted as KDA’s exclusive financial advisor on both transactions. PRESS RELEASE Ketchum Directory Advertising Inc. (“KDA”) has [...]
Los Angeles-based FastPay has raised an additional $25 million in funding. The funding is comprised of a senior credit facility from Wells Fargo Capital Finance and a subordinated debt and equity investment from SF Capital Group.
Access Point Financial has closed on a senior secured credit facility with Wells Fargo Capital Finance, part of Wells Fargo & Co. Stone Point Capital, a Greenwich, Conn. PE firm, has also made a “substantial” equity investment in Access Point, according to a statement. Access Point, formed by APF management and Stone Point, is a lender and advisory company focused on the hospitality industry.
Hercules Technology Growth Capital said Wednesday that it has received a commitment to renew its $300 million accordion credit facility. Wells Fargo Capital Finance and RBC Capital Markets have committed $100 million, according to a statement.