£100 million funding line for AURELIUS Finance Company
London, July 27, 2022 – AURELIUS Finance Company has secured a new £100 million funding line from Wells Fargo Capital Finance (UK) Limited (“Wells Fargo”) to support AURELIUS Finance Company (“AFC”) and its future growth in providing supportive and flexible debt solutions to mid-market corporates.
The Wells Fargo facility will further enhance AFC’s pricing competitiveness across a broader market and accelerate its growth in providing debt solutions in the UK, Europe and North America. AFC will gain entry to a new segment of the asset-based lending market, allowing AFC to target mid-market corporate opportunities across the risk spectrum.
Established in 2017, AFC has built an extensive track record of providing multi-jurisdictional asset-based debt solutions efficiently, quickly and flexibly.
“Securing this funding from Wells Fargo is a major moment in the development of AFC and a recognition of our track record in providing comprehensive and flexible financing solutions over the past five years. AFC is now well placed to competitively target a greater volume and size of deals in the mid-market space, offering superior flexibility and commercial terms. We see a significant opportunity in the mid-market to continue to provide a uniquely tailored, relationship driven service, partnering with our clients to support them on their journey”, stated Karun Dhir, Managing Director of AURELIUS Finance Company.
Tayyib Chowdhry, Originations Director at Wells Fargo, commented: “At Wells Fargo, our deep understanding of the nuances of Asset Based Lending motivates us to continuously challenge ourselves to find innovative ways of adding value for our customers. Accordingly, we are delighted to have structured a market defining programmatic facility that will support the preeminent team at AURELIUS Finance Company in flexibly executing both strategic and opportunistic multi asset-based credit investments in the UK and other jurisdictions. This model creates equally beneficial financial solutions for AURELIUS´ clients and its investors with a lower cost of credit offering.”
AFC was advised by Squire Patton Boggs (UK) LLP; Wells Fargo was advised by Michael Black at Norton Rose.