Wells Fargo 2009 Annual Report Download - page 16

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
Denver-based Berry Petroleum Company — founded in 1909 during the
California oil rush — has been a Wells Fargo customer for over 20 years.
When Berry wanted to raise capital in 2009, it turned to Wells Fargo for
help. Our Investment Banking team, including Je Gore and Ty Peterson
(inset below), joined relationship manager Art Krasny (inset center) and
our Energy Group team to discuss fi nancing alternatives. Then, in May,
Wells Fargo was lead underwriter on an o ering that raised $325 million
followed by a $125 million issuance in August. “Wells Fargo consistently
delivers for our company, helping us succeed in many ways,” said
David Wolf, Berry’s chief fi nancial o cer (below). “Now that we can turn
to Wells Fargo to tap capital markets, we’ve deepened and strengthened
our long-term relationship.”
“Now that we can turn to
Wells Fargo to tap capital
markets, we’ve deepened
and strengthened our
long-term relationship.”
David Wolf
Customer, Denver, Colorado
Long-time customer,
new-found service
The vision that works