36th Street Increases Credit Facility to $170MM with Wells Fargo Participation

March 9, 2020

Source: 36th Street Capital Partners, LLC

36th Street Capital announced today that it increased its expandable senior secured revolving credit facility to $170 million in addition to amending terms to a new five-year facility. San Francisco, CA-based Wells Fargo Bank has joined the syndicate with an additional $35 million participation. The credit facility includes four lenders and is led by Capital One Bank, N.A. as agent.

“Wells Fargo is pleased to work with 36th Street and provide additional capital to help support  their continued growth,” said Stewart Hayes, managing director in the Lender Finance division of Wells Fargo Commercial Capital.

Founded in 2015, 36th Street Capital is an independent finance company specialized in structuring customized equipment financing solutions for middle market companies seeking alternative funding sources.

“We are very pleased to have the Wells Fargo Lender Finance team join our credit facility,” said Kiran Kapur, 36th Street’s Co-Founder and CEO. “Our lenders continue to be important partners as we strive to bring creative financing solutions to the market. We sincerely appreciate their confidence in our business and the increasing support as we grow.”

About 36th Street Capital

36th Street Capital Partners, LLC is an independent provider of alternative funding solutions for the equipment financing industry. With offices in New Jersey, Illinois and California, the firm provides growth capital or liquidity options to middle market companies nationwide through loan and lease transactions. 36th Street Capital Partners, LLC is a joint venture affiliate of BlackRock TCP Capital Corp. (NASDAQ: TCPC). For more information, visit www.36thstreetcapital.com

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