Lending expertise that retailers trust
When leading retailers look for flexible financing solutions, they know they can depend on Wells Fargo Retail Finance. Our team has extensive experience working with retailers of all sizes. This experience means we’re able to look at your company’s capital structure and provide not just an asset-based loan, but an overall financial solution, which helps your company reach its goals.
Below, you can see examples of how we’ve helped leading retailers continue to serve their customers.
Toys "R" Us
Toys "R" Us, the leading retailer of toys and children’s products, reaches customers around the world through its Toys "R" Us and Babies "R" Us branded stores. In June 2009, Wells Fargo Retail Finance, acting as Joint Lead Arranger and Joint Bookrunner, Co-Syndication Agent and Co-Collateral Agent, provided Toys "R" Us with a $390 million commitment for a $2.042 billion amended and extended facility. The facility is used to support the company’s working capital needs.
Sears
As the fifth largest broadline retailer in the U.S., Sears Holding Corp. operates 3900 full-line and specialty stores under the Sears and Kmart banners. In May 2009, we provided the company with a $4.1 billion amended and extended facility acting as Joint Lead Arranger, Joint Bookrunner, Co-Syndication Agent and Co-Collateral Agent, provided Sears with a $400 million commitment for a $4.1 billion amended and extended facility. This facility provides working capital to support the company’s domestic operations.
Neiman Marcus
Neiman Marcus, founded in 1907, is a high-end specialty retailer. In July 2009, the Wells Fargo Retail Finance team, acting as Joint Lead Arranger and Joint Bookrunner, Syndication Agent, and Co-Collateral Agent, provided a $600 million amended and extended facility. This custom-fit asset-based solution provided the company with working capital.
