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WSFS Bank Clarifies Role in J. Crew Term Loan Lawsuit

Feb 04, 2017 - Legal Monitor Worldwide

(GlobeNewswire) - WSFS Financial Corporation (NASDAQ:WSFS), the parent company of WSFS Bank, a provider of indenture trustee and loan agency services, publically states that it is serving as an administrative agent for a credit facility that provides financing to J. Crew Group, Inc. WSFS has no credit or direct exposure in conjunction with this administrative role.

WSFS provides administrative and collateral agent fee-based services for first lien, second lien, debtor-in-possession and exi...