Wells Fargo, Barclays Backed Collapsed Headlam With £85 Million

Wells Fargo and Barclays provided up to £85 million ($115 million) to Headlam Group just months before the British flooring distributor appointed insolvency officials. The timing of the funding versus near-term insolvency is a credit-negative signal for lenders and underscores elevated counterparty risk in the sector.