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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

Wells Fargo Provides $1 Billion in Financing to American Tire Distributors

2018

Areas Banking and Finance Law

Summary

Goodmans acted as counsel to Well Fargo Capital Finance in structuring a financing deal to provide ATD with $1.05 Billion in exit financing to support operations and future growth initiatives at ATD and ensure they emerge from Bankruptcy. Uniquely, Wells Fargo (NYSE: WFC) was also its largest creditor as it reorganized, accounting for $1.1 billion of the $1 billion to $10 billion in debt before the reorganization.

“Wholesale tire supplier American Tire Distributors (ATD) successfully completed its financial recapitalization, reduced its debt by approximately $1.1 billion and emerged from Chapter 11. Wells Fargo Capital Finance provided $1.005 billion in committed exit financing to support operations and future growth initiatives.” – PRNewsWire