TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
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Potential Impacts of Blockchain on Commercial Lending
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The Lost Art of the Loan Purchase
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Audit Prep: Why a Paperless Approach Makes Sense
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
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October 24, 2023
Source: Legacy Corporate Lending, LLC
PLANO, TX – October 24, 2023 – Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced the closing of a $100 million senior credit facility from Wells Fargo Capital Finance. The facility will support Legacy’s continued growth in serving the middle market ABL space.
“Wells Fargo is pleased to provide Legacy with the financial flexibility and industry expertise needed to support their business needs,” said Stewart Hayes, Managing Director at Wells Fargo Capital Finance. “We look forward to building a long-term relationship with the Legacy team as they continue to execute on their growth strategy.”
“This credit facility from Wells Fargo Capital Finance is a testament to the strong progress Legacy has made in a short period of time and will enable us to grow and expand our platform even further,” said Paul Martin, Chief Investment Officer of Legacy. “We appreciate the opportunity to partner with Stewart and the Wells Fargo team and look forward to their continued support.”
Launched in May 2023 in partnership with Bain Capital Credit, L.P., Legacy provides revolving credit facilities and term loans to companies in an array of industries that seek to access capital outside of traditional bank lending or the syndicated lending market.
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About Legacy Corporate Lending
Legacy Corporate Lending is an independent asset-based lending company providing revolving lines of credit and term loan commitments up to $40 million in transaction size. Legacy provides direct financing to middle market companies, private and public companies, across a wide spectrum of industries including automotive, business services, consumer products, distribution & wholesale, e-commerce & retail, food & beverage, manufacturing, transportation & logistics. Legacy is a portfolio company of Bain Capital Specialty Finance, Inc. and Bain Capital Private Credit, which are externally managed by BCSF Advisors LP, an SEC-registered investment advisor. For more information, visit legacycorporatelending.com
Media Contact:
Scott Lessne
Stanton
(646) 502-3569
slessne@stantonprm.com
