Belk Secures $1.275 Billion in New Financing from Wells Fargo and Pathlight Capital
PR Newswire•20/10/2026•08:00 ET
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Key Highlights
- ➤Belk secures $1.275 billion in new senior secured credit facilities
- ➤$900 million revolving facility supports working capital and seasonal inventory investment
- ➤$375 million FILO term loan replaces existing financing facilities
- ➤Five-year financing simplifies Belk’s capital structure and enhances liquidity
- ➤Wells Fargo (WFC) serves as administrative and collateral agent
Expert Statements
Vince Phelan, Chief Financial Officer of Belk
“This opportunistic financing represents an important milestone and reflects the continued strength in Belk's business by providing us with the flexibility to continue investing in our business and serving our customers,”
Keith Vercauteren, Division Manager and head of Wells Fargo's Corporate and Retail Asset-Based Lending platform
“Wells Fargo is proud to expand its relationship with Belk and deliver a flexible financing solution supporting the Company's long-term objectives,”
Matt Williams, Managing Director at Pathlight Capital
“We are pleased to partner with Belk and Wells Fargo on this financing”
Belk Secures $1.275 Billion in New Financing from Wells Fargo and Pathlight Capital PR Newswire
New asset-based revolving credit and FILO facilities enhance financial flexibility and support Belk's continued investment in its customers, stores and omnichannel platform
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