ABL Deal Chart 2017 Q4

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 10/01/17 through 12/31/17.

DATE BORROWER/INDUSTRY LENDER/ROLE AMOUNT STRUCTURE/NOTES
2017/10/09 AAC Holdings
Provider/Substance Abuse Treatment Services
Credit Suisse
Admin Agent
65 Term Loan
Jt lead arrangers; Credit Suisse, Deutsche Bank, BMO Capital & Whitney Bank
2017/10/17 Allurion Technologies
Manufacturer/Elipse Balloon
SVB
Lender
6 Term Loan
2017/11/10 Avaya
Provider/Business Communications
Goldman Sachs
Admin Agent
2950 Term Loan
Facility upsized from $2.425B
2017/11/07 B&B Bachrach
Retailer/Menswear
Siena Lending Group
Lender
7.5 ABL Revolver/Term Loan
Supports refi
2017/10/09 Badger Corrugating Company
Distributor/Building Materials
Huntington Business Credit
Lender
14 Revolver/Term Loan
Supports refi
2017/10/09 BioMatrix Specialty Pharmacy
Provider/Innovative Healthcare Solutions
LBC Credit Partners
Admin Agent
25 Term Loan
Portfolio company of ACON Investments
2017/10/23 Birks Group
Designer/Fine Jewelry
Wells Fargo
Lender
66.9 Revolver
Facility used to pay existing debts
2017/10/09 BlueLinx Holdings
Distributor/Building & Industrial Products
Wells Fargo
Admin Agent
335 ABL Revolver
Syndication agent; BofA
2017/10/27 Braviant Holdings
Provider/Borrowing Solutions
RedPoint Capital
Lender
40 Revolver
Fintech start-up company
2017/10/16 Capstone Nutrition
Manufacturer/Nutritional Supplements
Ares Commercial Finance
Lender
30 ABL Revolver
Supports refi
2017/10/19 CDI
Provider/Staffing Solutions
PNC Bank
Admin Agent
150 Revolver
Portfolio company of AE Industrial Partners
2017/10/25 Civitas Solutions
Provider/Home Health & Human Services
Barclays
Admin Agent
75 Term Loan
Supports acquisition of Mentis Neuro Rehabilitation
2017/10/12 Crawford & Company
Provider/Claims Management Solutions
Wells Fargo, BofA, Citizens
Jt Syndicates
450 Revolver
Facility replaces existing revolver
2017/10/31 Denny's
Operator/Restaurant Chains
Wells Fargo
Admin Agent
400 Revolver
Replaces previous $325MM Revolver
2017/11/01 Fairmount Santrol
Provider/Sand-Based Products
Barclays, PNC
Admin Agents
825 $700MM Term Loan/$125MM Revolver
Barclays provided term loan; PNC supplied revolver
2017/10/05 FloTek Industries
Developer/Chemistry-Based Technology
PNC Bank
Admin Agent
75 Revolver
Facility upsized from $65MM
2017/10/17 Goodrich Petroleum
Producer/Natural Gas & Crude Oil
JPMorgan Chase
Admin Agent
250 Revolver
Jt lead arrangers; JPMorgan Chase, SunTrust Robinson Humphrey
2017/10/22 H.B. Fuller
Manufacturer/Industrial Adhesives & Chemicals
Morgan Stanley
Admin Agent
2150 Term Loan
Supports acquisition of Royal Adhesives & Sealants
2017/10/02 HealthSouth
Provider/Healthcare Services
Barclays Bank
Admin Agent
1000 $700MM Revolver/$300MM Term Loan
Revolver upsized by $100MM, term loan downsized by $110MM
2017/11/03 Hertz Global Holdings
Provider/Rental Equipment
Barclays
Admin Agent
400 Revolver
Syndication agent; Credit Agricole Corporate
2017/11/06 Interior Specialists
Provider/Interior Design Services
Garrison Investment Group
Lead Arranger
94 Term Loan
Supports recap
2017/10/13 Knowles
Supplier/Micro-acoustic Component Solutions
JPMorgan Chase
Admin Agent
400 Revolver
Jt lead arrangers; JPMorgan, Merrill Lynch & Citibank
2017/10/10 Liberty Oilfield Services
Provider/Hydraulic Fracturing Services
Houlihan Lokey, Wells Fargo
Lead Placement Agents
425 $250MM ABL Revolver/$175MM Term Loan
Used to pay existing debt
2017/10/02 Maxim Healthcare
Provider/Home Health Services
Capital One
Lender
155 ABL Revolver
Facility upsized by $30MM
2017/10/24 Metpar
Manufacturer/Commercial Bathroom Partitions
MB Business Capital
Lender
9 Revolver
Supports refi
2017/10/13 MTBC
Provider/Healthcare IT Solutions
Silicon Valley Bank
Lender
5 Revolver
2017/10/14 National Entertainment Network
Provider/Amusement Vending
Sterling National Bank
Lender
25 Revolver
Sponsored by Monitor Clipper Partners
2017/10/18 Newpark Resources
Provider/Drilling Fluids Systems
BofA
Admin Agent
150 ABL Revolver
Facility upsized from $90MM
2017/11/06 Otelco
Provider/Wireline Telecommunications
CoBank
Admin Agent
92 $87MM Term Loan/$5MM Revolver
Supports refi
2017/10/09 R&R Express
Provider/Transportation & Logistics Services
Huntington Business Credit
Lender
17.5 Revolver
Supports refi
2017/11/14 Steel Partners Holdings
Holding Company
PNC Capital Markets
Lender
600 Revolver
Jt lead arrangers; Citizens Bank, SunTrust Robinson Humphrey, Wells Fargo
2017/10/25 Tailored Brands
Retailer/Men's Clothing
JPMorgan Chase
Admin Agent
550 ABL Revolver
Facility upsized from $500MM
2017/10/17 TerraForm Power
Producer/Renewable Energy
HSBC USA
Admin Agent
450 Revolver
Supports refi
2017/10/20 The Brink's Company
Provider/Security Solutions
Wells Fargo
Admin Agent
1500 $1B Revolver/$500MM Term Loan
Jt lead arrangers; Wells Fargo, Bank of Tokyo-Mitsubishu, Merrill Lynch, JPMorgan Chase
2017/10/27 True Religion Brand Jeans
Retailer/Jeans
Citizens Bank
Lender
60 ABL Revolver
Recently emerged from Chapter 11
2017/11/16 Vectrus
Provider/IT & Logistics Support Services
JPMorgan Chase
Admin Agent
200 $120MM Revolver/$80MM Term Loan
Revolver upsized from $75MM
2017/11/14 WesternOne
Provider/Construction Heat Services
CIBC
Lender
35 ABL Revolver
2017/10/16 Wincove Private Holdings
Private Holding Company
TCF Capital Funding
Lender
12.5 ABL Revolver
Supports recap of Comstar