Wall Street Systems obtains US $105 million secured credit facility from Wells Fargo Foothill

11 September 2008

Wall Street Systems (Wallstreet), the global provider of treasury, trading and settlement solutions and services, has announced it has obtained a new US$105 million secured credit facility from Wells Fargo Foothill, part of Wells Fargo & Company (NYSE:WFC). The credit facility was arranged with the participation of Golub Capital, a middle market debt provider. The funds will be used to help finance the company's growth, potential acquisitions and general corporate purposes.

In today's turbulent markets, the financing is a significant show of confidence in Wall Street Systems. Karl Jaegar, chief financial officer at Wallstreet, said: "We are delighted to have closed this transaction with Wells Fargo Foothill. To have secured debt financing in this very tight credit environment demonstrates recognition of Wallstreet's financial strength. This will help support our strategic initiatives and provide growth capital."

"We are happy to extend our relationship with Wallstreet," said Kurt Marsden, executive vice president and head of the lender's Technology Finance unit. "We have established a strong working relationship with their senior management team, and we are proud to support the ongoing development of their business through this credit facility."

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