Carl Wade
Treasurer @Spirit Realty Capital, Inc Nyse Src
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WORK HISTORY
Treasurer @Spirit Realty Capital, Inc Nyse Src
Dallas-Fort Worth, TX, US
Key responsibilities include oversight of all capital markets, treasury operations, debt and equity issuances, lender compliance, banking relationships, debt portfolio management, and cash forecasting.• Completed over $10 Billion in capital markets activities since joining Spirit. • Lead approximately $2.75 Billion of unsecured debt offerings.• Oversaw $3 Billion of equity transactions including ATM issuance and multiple follow-on offerings. • Sourced Spirit’s current $1.2 Billion revolver, consisting of 15 relationship banks. • Closed over $2 Billion of term loans during tenure. • Proactively hedged Spirit’s floating rate debt resulting in a positive terminal value of $55 Million. • Oversee all cash management activities including borrowing / investing decisions. Lead Spirit’s bank account reduction activities by eliminating over 350 banks accounts. • Supervise the Cash Management Group and the Cash Application Group.• Prepare all bank covenant calculations.• Maintain 13-week Cash Forecast.• Maintained a comprehensive 3 statement forecasting model and budget.• Implemented “best in class” tenant portal for making tenant payments and identification of payments.
EDUCATION
New Mexico State University
BS
Texas Christian University - M.J. Neeley School of Business
MBA
ABOUT CARL WADE
Dynamic treasury leader with extensive experience in real estate, corporate finance, capital markets, forecasting, covenant compliance, derivatives, treasury, cash management, and accounting in both public and private company environments. Demonstrated success in developing strategic relationships with financial institutions that resulted in increased liquidity and significantly lower borrowing costs for the organization. Key strengths in leading and training successful teams, loan negotiation, managing banking relationships, and project management. Expertise includes:• Capital markets (debt and equity) 15+ Billion in career • Corporate revolvers and term loans • Secured debt• Unsecured debt• Construction Loans• Cash management (500+accounts)• Forecasting• Implementing treasury workstations• Derivative management• Valuations • Site investigations• Joint venture relationships• Joint venture structures• Acquisitions• Dispositions
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