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February 7, 2013
08:07 EDTATNY, WFCAPI Technologies repays term loan and enters into new credit agreements
API Technologies (ATNY) has entered into a credit agreement with Guggenheim Corporate Funding that provides for a $165M term loan facility. Additionally, the company has entered into a separate agreement for a $50M revolving borrowing base credit facility with Wells Fargo (WFC) Bank, National Association, as administrative agent, upon which the company drew $29.4M at closing. Proceeds from these two facilities were used to pay in full the company’s existing credit facility, certain indebtedness in the United Kingdom, and to pay fees, costs and expenses associated with the refinancing.
News For ATNY;WFC From The Last 14 Days
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August 27, 2014
08:00 EDTWFCSEC seen completing rules on MBS detail disclosures, WSJ says
The Securities and Exchange Commission is expected to complete rules requiring banks and other financial institutions to give investors greater detail about the quality of mortgages and other loans pooled into bonds known as asset-backed securities, reported The Wall Street Journal. Publicly traded big U.S banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
August 21, 2014
06:43 EDTWFCRegulators up bank warning efforts for poor risk assessment, Reuters says
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August 20, 2014
06:02 EDTWFCWells Fargo wins approval for $62.5M settlement, Charlotte Observer says
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August 19, 2014
13:42 EDTWFCWells Fargo looks to bulk up asset-management business, WSJ says
Wells Fargo is looking to increase the size of its asset-management business to over $1T over the next decade by making acquisitions of smaller asset managers and more aggressive sales to larger investors, says the Wall Street Journal. Reference Link

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