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



36th Street Capital increased its expandable senior secured revolving credit facility to $170 million in addition to amending terms to a new five-year facility.

Wells Fargo has joined the syndicate with an additional $35 million participation. The credit facility includes four lenders and is led by Capital One 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.”


Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com