ATLANTA, Oct. 18, 2012 /PRNewswire/ -- Fusion Reporting, LLC (FusionCR2), one of the nation's fastest growing court reporting services announced today that it has secured a senior credit facility with Wells Fargo's Commercial Banking Group. The credit facility will be used to support working capital and fund expansion as the company continues to grow market share. The facility includes an available term note that will allow Fusion to continuing moving forward with its growth plans by providing capital to assist in the acquisition of an additional $10 million in annual revenue and a revolving line of credit of $2 million dollars to fund Fusion's working capital requirements.
"As we continue to grow and expand, we are pleased to partner with bankers that know our business and industry so well," said Craig Saunders, President of Fusion Reporting LLC. "Wells Fargo's Commercial Banking Group demonstrated a deep understanding of our business model in addition to providing a world-class banking platform that we can leverage to drive operational efficiencies," said Bill Truchan, CFO of Fusion Reporting.
"Fusion Reporting is clearly a leader in the court reporting industry and we are very pleased to have the opportunity to work with the team," said Chris McDaid, senior vice president in Wells Fargo's Commercial Banking Group. "We look forward to continuing to support their growth and success."
ABOUT FUSION REPORTING
– FusionCR2 is a premier provider of certified court reporters, legal videographers and video conferencing. Fusion's reporters are some of the most experienced reporters in the industry and their experience with complex litigation ensures efficient handling of any court reporting needs. The Fusion mobile application allows attorneys to access their deposition calendar, transcripts, exhibits and video depositions all from a secure mobile environment. For more, visit www.fusionreporting.com
About Wells Fargo
Wells Fargo & Company (WFC) is a nationwide, diversified, community-based financial services company with $1.3 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and other distribution channels across North America and internationally. With more than 270,000 team members, Wells Fargo serves one in three households in America. For more, visit www.WellsFargo.com
SOURCE Fusion Reporting