WFC · News · 20261020N
Revolving Credit Facility
WELLS FARGO & COMPANY/MN · 2026-10-20 · Importance 40 · Surprise 42 · In source text
Wells Fargo and Pathlight Capital closed $1.275 billion of senior secured financing for Belk on October 20, 2026. The package includes a $900 million asset-based revolving credit facility and a $375 million first-in, last-out term loan facility. Wells Fargo serves as administrative agent and collateral agent for both facilities, while Pathlight serves as term-loan managing agent for the FILO facility. Belk plans to use the financing to support investments in stores, customers, and its omnichannel platform.
Key facts
- Wells Fargo served as Administrative Agent and Collateral Agent for $900 million asset-based revolving credit and $375 million FILO facilities, totaling $1.275 billion in financing for Belk. source
- Wells Fargo & Company EUR 1,250,000,000.00 note maturing 24-Jul-2028 had its interest rate fixed at 3.35% for the period 22-Oct-2026 to 22-Jan-2027. source
- Interest payable value on the EUR 1,250,000,000 note for the period will amount to EUR 10,688,611.11 per EUR 1,250,000,000.00 denomination, payable 22-Jan-2027. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | committed | — | Interest payable value on the EUR 1,250,000,000 note for the period will amount to EUR 10,688,611.11 per EUR 1,250,000,000.00… |
| cash | negative | committed | — | Interest payable value on the EUR 1,250,000,000 note for the period will amount to EUR 10,688,611.11 per EUR 1,250,000,000.00… |