Search
 

Wells Fargo Provides $15 Mil in Financing to Paper Warehouse

BOSTON-Wells Fargo Retail Finance, LLC reports it has supplied Minneapolis-based retailer Paper Warehouse, Inc., with a $15 million line of credit for working capital, operational support and financing some retail expansion it has planned.

By John Jordan | Updated on September 18, 2001

BOSTON-Paper Warehouse Inc., has received $15 million in line of credit financing from Wells Fargo Retail Finance, LLC that the Minneapolis-based retailer says it will use to fund some store expansions as well as for working capital and current operational support.

Paper Warehouse, which has more than 150 retail locations in the US and Canada, is looking to expand its store network.

Cheryl Newell, chief financial officer of Paper Warehouse says, “We are looking to add some locations in our existing markets.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.