Investing.com - Financial Markets Worldwide

Wells Fargo’s Overland Advantage arranges $2.8 billion in deals in first year

Published 30/01/2025, 12:56
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Investing.com -- Overland Advantage, a business development company formed by Wells Fargo (NYSE:WFC) & Co. and Centerbridge Partners, has arranged $2.8 billion in deals within its first year of operation. This information was disclosed in a statement viewed by Bloomberg News.

Overland Advantage has spearheaded six deals in collaboration with Wells Fargo. Notable transactions include a $74 million second-lien credit facility for MaxiTransfers and a $215 million deal for FFF Enterprises Inc. Additionally, the company has arranged financing for Continental Services, Capital Vacations, SGA Dental Partners, and TriWest Healthcare Alliance Corp.

Formed a year ago, Overland Advantage is dedicated to direct lending. This venture between Wells Fargo & Co. and Centerbridge Partners has already demonstrated significant activity in its first year, as evidenced by the $2.8 billion in deals arranged since its inception.

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