Deal Charts

ABL Deal Chart 2015 Q3

Notable Transactions

Data gathered from direct sources, news releases and other public information (2015/07/01-2015/09/30)

Dollar amounts in millions

Note: Click Column Headings to Activate Sorting Options.

DATE BORROWER/INDUSTRY LENDER/ROLE AMOUNT STRUCTURE/NOTES
2015/09/02 7710 Holdings
Provider/Workers' Comp Insurance
Victory Park Capital
Lender
20.0 Revolver
2015/07/20 A&E Global
Manufacturer/Sewing Thread
KPS Capital Partners
Lead Arranger
275.0 $210MM Term Loan/$65MM Revolver
Arrangers/Merrill, HSBC, JPM & PNC
2015/07/15 A.H. Harris
Distributor/Construction Supplies
BofA Business Capital
Lender
71.0 ABL Revolver
Used to complete recap
2015/08/18 Abercrombie Textiles
Manufacturer/Upholstery Fabrics
North Mill Capital
Lender
6.0 $4MM Revolver/$2MM Term Loan
2015/09/30 Access Integrated Healthcare
Provider/Diagnostic Imaging
Victory Park Capital
Lender
50.0 Revolver
2015/08/13 Acme Lift
Provider/Wholesale Rentals
WFCF
Lender
60.0 Revolver
2015/09/30 Alarm Detection Systems
Provider/Alarm Systems
Citizens Bank
Lender
26.0 Revolver
Supports acquisition
2015/09/15 Alaska Communications
Provider/Telecommunucations
CoBank, ING Capital
Arrangers
100.0 $90MM Term Loan/$10MM Revolver
Supports refi
2015/07/10 Alpha Natural
Producer/Coal
Citicorp
Admin Agent
445.0 Revolver
$138MM/5.25%; $307MM/6.25%
2015/09/02 Amedisys
Provider/Hospice Care
BofA
Lead Arranger
300.0 $200MM Revolver/$100MM Term Loan
Syndication: JPMorgan Chase, Fifth Third, Citizens
2015/09/22 America Midstream
Operator/Pipeline Services
BofA
Admin Agent
750.0 Revolver
Upsized from $500MM
2015/08/18 American Apparel
Retailer/Clothing
Wilmington Trust
Admin Agent
90.0 ABL Revolver
Replaces Capital One as admin agent
2015/07/20 Amerijet International
Provider/Transportation & Logistics
NewStar Business Credit
Lender
31.5 Revolver/Term Loan
Sponsor: H.I.G. Capital
2015/08/28 Ancestry.com
Provider/History Resources
Morgan Stanley
Admin Agent
815.0 $735MM Term Loan/$80MM Revolver
Supports refi
2015/07/17 Anchor Fabrication
Metal Fabricator
MB Business Capital
Lender
25.0 Revolver
Acquisition of Abby Manufacturing
2015/09/16 Arlington Capital Partners
Private Equity
NXT Capital
Admin Agent
39.0 Revolver
Supports acquisition
2015/07/14 Atlas Paper Holdings
Manufacturer/Tissue Products
TD Bank
Lender
23.0 ABL Revolver
Advisor/Moelis Capital Partners
2015/09/22 Battery Ventures
Provider/Communication Technology
Monroe Capital
Admin Agent
57.0 Revolver
Supports acquisition
2015/07/14 Bluestem Group
Holding Company
Credit Suisse, U.S. Bank
Lender
410.0 ABL Revolver/Term Loan
Acquisition of Orchard Brands
2015/09/22 Breatheamerica
Provider/Healthcare Services
Gemino Healthcare
Lender
5.0 Revolver
2015/09/01 Calypso St. Barth
Retailer/Women's Apparel
First Niagara
Lender
20.0 ABL Revolver
2015/08/25 Capitala Finance
Provider/Financial Solutions
ING Capital
Admin Agent
120.0 Revolver
Upsized from $80MM
2015/07/28 Cedar Electronics Holdings
Distributor/Electronics
LBC Credit Partners
Admin Agent
97.0 Refinancing
Combined Escort & Cobra Electronics
2015/09/15 Centre Lane Partners
Private Equity
Monroe Capital
Admin Agent
12.0 Revolver
Supports recap
2015/08/12 Channel Partners Capital
Provider/Marketing Services
Monroe Capital
Lender
50.0 Term Loan
2015/08/24 Charter Communications
Provider/Telecom Services
Merrill Lynch
Lead Arranger
3800.0 Term Loan
Syndication: Credit Suisse, Goldman Sachs, Deutsche Bank
2015/09/30 Chesapeake Energy
Producer/Natural Gas
MUFG Union
Admin Agent
4000.0 Revolver
Syndication: Wells Fargo
2015/07/14 Cianna Medical
Manufacturer/Medical Devices
GE Capital HFS
Lender
12.0 Term Loan
Added $4MM to existing facility
2015/09/22 Claude Resources
Gold Mining Company
Scotiabank
Lender
25.0 $15MM Term Loan/$10MM Revolver
2015/09/02 Community Intervention Services
Provider/Behavioral Health Svcs.
GE Capital HFS
Admin Agent
55.0 Revolver
Supports recap
2015/09/01 Continental Casting
Manufacturer/Tools & Dies
PrivateBank
Lender
16.5 Revolver
2015/09/03 Crosman
Manufacturer/Air Rifles
First Niagara Commercial Finance
Arranger
20.0 Revolver
2015/08/28 Danier Leather
Manufacturer/Leather Apparel
CIBC
Lender
35.0 ABL Revolver
2015/07/20 Data Device
Manufacturer/Military Components
Golub Capital
Admin Agent/Arranger
515.0 Recap
Sponsor: Behrman Capital
2015/07/20 Decisive Communications
Provider/Contracting Services
NewStar Business Credit
Lender
7.5 Revolver/Term Loan
Refinancing
2015/08/05 Del Taco
Retailer/Mexican-American Food
BofA, Merrill Lynch, J.P. Morgan
Arrangers
250.0 Revolver
Refi interest rate 305 bps lower
2015/09/20 Dialog Semiconductor
Manufacturer/Semiconductor Services
Morgan Stanley
Lender
2100.0 Revolver
Supports acquisition
2015/08/06 Dialogtech
Provider/Call Analytics
Square 1
Lender
10.0 Revolver
Existing customer
2015/09/16 Diana Containerships
Provider/Global Shipping Services
Royal Bank of Scotland
Lender
148.0 Term Loan
2015/07/01 Diversified Restaurant Holdings
Owner/Restaurants
Citizens Bank
Admin Agent
155.0 Term Loan @ $120MM
Acquisition of 18 Buffalo WW restaurants
2015/08/04 Dover Saddlery
Retailer/Equestrian Products
Citizens Commercial
Lender
31.5 ABL Revolver
Additional $11MM Term Loan provided by Garmark
2015/09/16 E Revolution Ventures
Retailer/Online Consumer Goods
MB Business Capital
Lender
17.5 Revolver
2015/08/11 East Fraser Fiber
Provider/Wood Products
Siena Lending Group
Lender
4.0 Revolver
Refinancing
2015/09/22 East West Copolymer
Producer/Rubber Products
NewStar Business Credit
Lender
16.0 Revolver
2015/09/09 Education Corporation of America
Operator/Private Colleges
Monroe Capital
Admin Agent
72.0 Revolver
Supports acquisition
2015/08/13 Electrical Components International
Manufacturer/Wire Harnesses
BofA, Merrill Lynch
Lead Arranger
50.0 Term Loan
Supports recap
2015/09/11 Endeavor Schools
Private Schools
AloStar Business Credit
Lender
9.3 Revolver
2015/07/01 EndoChoice Holdings
Manufacturer/Platform Technologies
Midcap
Lender
58.0 $43MM Term Loan/$15MM Revolver
Refinancing
2015/07/24 ExteNet
Provider/Distributed Networks
Suntrust Robinson Humphrey
Admin Agent
1000.0 Revolver
Supports Recap
2015/07/14 Ferrara Fire Apparatus
Manufacturer/Emergency Response Vehicles
MB Business Capital
Lender
24.0 Revolver
Portfolio company/Merit Capital Partners
2015/07/16 Flavor Producers
Creator/Custom-Formulated Flavors
GE Capital Corporate Finance
Admin Agent
49.5 Revolver
GE Capital Markets/Sole lead arranger
2015/08/03 Foundation Healthcare
Developer/Ambulatory Surgery Centers
Bank SNB, Texas Capital
Lenders
20.0 Revolver
Includes incremental $10MM
2015/08/18 Fouts Bros
Designer/Fire Apparatus
Ares Commercial Finance
Lender
5.5 Revolver
2015/08/14 Frontier Communications
Provider/Telecom Services
JPMorgan Chase
Admin Agent
1500.0 Term Loan
Syndicate: Merrill Lynch, Citigroup Global
2015/07/01 FTI Consulting
Business Advisory Firm
BofA
Admin Agent
550.0 Revolver
Lead arrangers; JP Morgan, HSBC
2015/09/22 GameChange Racking
Provider/Solar Racking Systems
Barron Group
Lender
20.0 Revolver
2015/09/09 Gener8 Maritime
Provider/Crude Oil Transport Svcs.
Nordea Bank Finland
Lender
1540.0 Term Loan
2015/07/06 General Wireless Operations
Retailer/Electronics
Great American Capital/RBC
Term Lender/ABL Revolver
75.0 ABL R3evolver @ $50MM
Dba Radioshack
2015/09/30 Gleason Group of Companies
Producer/Lawn & Garden Products
The PrivateBank
Lender
12.5 ABL Revolver
2015/08/03 Golden Entertainment
Operator/Gaming
Capital One
Admin Agent
160.0 $120MM Term Loan/$40MM Revolver
Keybank syndication agent
2015/09/21 Gran Tierra Energy
Producer/International Energy
Scotiabank
Admin Agent
500.0 Revolver
2015/09/17 Grey Line of Tennessee
Provider/Sightseeing & Tour Services
CapX Partners
Lender
7.5 Term Loan
2015/07/14 H.I.G Capital Affiliate
Private Equity Firm
Monroe Capital LLC
Lender
31.0 Revolver
Supports acquisition of Intelius
2015/07/09 HW Temps
Provider/Temporary Staffing
Main Street Capital
Lender
17.4 Term Loan
$13.9MM funded by Main Street
2015/08/17 Hydro Engineering
Manufacturer/Environmental Equipment
TCF Capital Funding
Lender
9.5 Revolver
Supports recap
2015/07/27 IBEX Global Solutions
Provider/Outsourced Business Processes
PNC
Lender
50.0 $40MM Revolver/$10MM Term Loan
Plus $10MM in CAPEX
2015/09/30 Ice Air
Distributor/HVAC Units
Investors Bank
Lender
6.5 ABL Revolver
2015/09/01 Integra LifeSciences
Retailer/Medical Devices
BofA
Lender
1100.0 $750MM Revolver/$350MM Term Loan
Upsized from $900MM
2015/07/24 Interactive Health
Provider/Wellness Solutions
BMO Harris
Admin Agent
145.0 Revolver
Sponsor: Friedman Fleischer & Lowe
2015/07/06 Interior Specialists
Contractor/Interior Construction
Garrison Investment/WFCF
Term Lender/ABL Revolver
114.3 ABL Revolver @ $40MM
Finances acquisition of Advance Flooring
2015/09/17 IronPlanet
Retailer/Used Heacy Equipment
Suntrust
Admin Agent
55.0 Revolver
2015/07/08 Jack in the Box
Fast Food Restaurant
WF, Merrill Lynch, Rabobank
Jt. Lead Arrangers
1200.0 $900MM Revolver/$300MM Term Loan
Increases existing facility
2015/08/19 Jaguar Animal Health
Developer/Animal Health Product
Hercules Technology Growth Capital
Lender
8.0 Term Loan
2015/09/02 Just Energy Group
Retailer/Natural Gas
CIBC
Admin Agent
277.5 Revolver
Accordion up to $350MM
2015/08/31 Kelso & Company
Private Equity
RBC Capital Markets
Admin Agent
175.0 ABL Revolver
Supports acquisition
2015/08/21 Kinderhook Industries
Private Equity
TCF Capital Funding
Lender
20.5 Revolver
Supports acquisition
2015/08/05 L Squared Capital Partners
Private Equity Firm
Monroe Capital
Admin Agent
36.0 Unitranche Facility
Supports Virtium buy
2015/07/29 Landmark Holdings
Operator/LTC Hospitals
Gemino Healthcare Finance
Lender
10.0 Revolver
Advisor/Creative Healthcare Capital
2015/07/29 Lonestar Resources
Producer/Oil & Gas
Citibank
Arranger
500.0 Credit Facility
New Lenders/Comerica, BBVA Compass & Barclays
2015/09/02 Lykins Energy Solutions
Provider/Oil Products
U.S. Bank ABF
Lender
75.0 ABL Revolver
2015/08/11 Mad Catz
Designer/Video Game Accessories
NewStar Business Credit
Lender
20.0 Revolver
Supports refi
2015/08/19 Mad Catz
Designer/Video Game Accessories
NewStar Business Credit
Lender
20.0 Revolver
2015/08/10 Madison Resources Funding
Provider/Payroll Services
Citizens Bank
Arranger
130.0 Revolver
Facility increased $35MM
2015/09/15 Marco Enterprises
Provider/Pipeline Services
TD Bank
Admin Agent
115.0 Revolver
2015/09/08 Medical Transcription Billing
Provider/Healthcare IT Solutions
Opus Technology Banking
Lender
10.0 $8MM Term Loan/$2MM Revolver
2015/08/11 Meridian Waste Solutions
Provider/Waste Collection
Praesidian Capital
Lender
13.7 Revolver
Supports recap
2015/09/02 MidOcean Partners
Private Equity
NXT Capital
Admin Agent
53.5 Revolver
Supports acquisition
2015/08/12 Milestone Technologies
Provider/Managed IT Services
Monroe Capital
Admin Agent
42.5 Unitranche
Sponsor: H.I.G
2015/07/01 Minimally Invasive Devices
Developer/FloShields
Square 1
Lender
5.0 Revolver
Life sciences unit
2015/08/11 Mohegan Tribal Gaming Authority
Operator/Casinos
Citizens Bank
Admin Agent
90.0 Term Loan
Term B loan increase
2015/08/05 Navigator Energy Services
Producer/Crude Oil
Wells Fargo
Admin Agent
125.0 Revolver
Accordian up to $75MM
2015/07/24 Navistar International
Manufacturer/Trucks & Diesel Engines
JPMorgan Chase
Admin Agent
1040.0 Term Loan
Arrangers: Goldman Sachs, Credit Suisse
2015/08/07 Navistar International
Manufacturer/Trucks & Diesel Engines
JPMorgan Chase
Admin Agent
1040.0 Term Loan
Jt arrangers; Goldman Sachs, Credit Suisse
2015/08/13 Norstar Tankers
Operator/Oil Tankers
CIT Maritime Finance
Lender
32.0 Revolver
2015/08/19 Ocata Therapeutics
Developer/Biotechnology Products
Silicon Valley Bank
Lender
10.0 Term Loan
2015/09/15 Oilfield Steel Supply
Provider/Oilfield Equipment
Marquette Business Credit
Lender
16.0 $15MM ABL Revolver/$1MM Term Loan
2015/09/11 OpticsPlanet
Retailer/Specialty Eyewear
AloStar Business Credit
Lender
10.0 Revolver
2015/07/29 Optoro
Platform/Excess Inventory
TriplePoint Venture Growth
Lender
40.0 Debt Financing
Square 1 participated
2015/09/01 Patrick Industries
Manufacturer/Component Products
Wells Fargo
Admin Agent
300.0 Revolver
Supports acquisition
2015/08/31 PennantPark Floating Rate Capital
Provider/Capital Solutions
Suntrust, Capital One
Lead Arrangers
290.0 Revolver
Upsized from $200MM
2015/08/24 Pernix Therapeutics
Provider/Pharmaceuticals
Wells Fargo
Lender
50.0 Revolver
2015/09/29 Petrowest
Provider/Energy
Bank of Montreal
Lender
90.0 Revolver
2015/09/22 Pivot Technology Solutions
Provider/Technology Services
JPMorgan Chase
Admin Agent
200.0 ABL Revolver
2015/09/01 Preferred Fragrance
Distributor/Perfumes
Bibby Financial
Lender
11.0 ABL Revolver
2015/09/03 PTC Group Holdings
Manufacturer/Steel tubing
JPMorgan Chase
Lender
65.0 Loan Facility
2015/08/03 Quotient Limited
Provider/Commercial-stage Diagnostics
Midcap Financial
Lenders
50.0 Term Loan
Includes conditional $20MM
2015/08/07 Rayonier
Producer/Forest Products
CoBank
Admin Agent
550.0 $350MM Term Loan/$200 Revolver
Syndicate included Farm Credit institutions
2015/08/25 Recept Pharmacy
Retailer/Medications
Webster Business Credit
Lender
10.0 Revolver
2015/08/04 Redknee Solutions
Provider/Management Software
WFCF, RBC, Capital One
Lenders
100.0 Revolver/Term Loan
Supports acquisition of Orga Systems
2015/09/22 Regional Management
Provider/Financial Services
BofA
Admin Agent
538.0 Revolver
Upsized from $500MM
2015/09/30 Reliv International
Producer/Nutritional Supplements
Enterprise Bank
Lender
6.8 $3.5MM Revolver/$3.25MM Term Loan
2015/07/22 Renewable Energy Group
Producer/Advanced Biofuels
WFCF
Lender
60.0 Revolver
Increased from $40MM
2015/07/27 Renewable Energy Group
Producer/Biofuels
WFCF
Lender
60.0 Revolver
Increased from $40MM
2015/07/14 RET Capital
Renewable Energy Trust Capital
MUFG
Arranger
239.0 Term Loan
Coram Wind project acquisition
2015/09/24 Roadrunner Transportation
Provider/Transportation Services
U.S. Bank
Admin Agent
700.0 Revolver
Upsized from $550MM
2015/08/26 Rockport Group
Manufacturer/Shoes
Citizens
Admin Agent
60.0 Revolver
2015/09/22 Rogers Enterprises
Retailer/Jewelry Stores
Citizens
Arranger
60.0 ABL Revolver
2015/09/22 Rush Enterprises
Retailer/Transportation Equipment
GE Capital
Admin Agent
850.0 Revolver
2015/07/29 Ryerson Holding
Distributor/Metals
BofA
Admin Agent
1000.0 Revolver
Repay previous facility
2015/09/23 S&W Seed
Provider/Agricultural Services
KeyBank
Lender
20.0 ABL Revolver
2015/08/18 Saga Communications
Operator/Broadcast Properties
J.P. Morgan Securities
Admin Agent
100.0 Revolver
Syndication: Huntington, Citizens Bank
2015/07/01 Sarepta Therapeutics
Developer/RNA-based Medicine
Midcap
Lender
40.0 Term Loan
Annual interest rate @ 7.75%
2015/08/26 Sebacia
Provider/Medical Devices
Square 1
Lender
10.0 Revolver
2015/09/10 Select Comfort
Manufacturer/Beds
KeyBank
Admin Agent
100.0 Revolver
Supports acquisition
2015/09/11 Seven Stone Surface Fabrication
Manufacturer/Countertops
AloStar Business Credit
Lender
9.0 Revolver
2015/08/05 Silver Standard Resources
Developer/Natural Resources
CIBC
Admin Agent
75.0 Revolver
Lenders include; Scotiabank, BOM
2015/07/28 Southern Parallel
Producer/Lumber
Siena Lending
Lender
8.0 Revolver/Term Loan
Purchase of sawmill, planer mill
2015/07/13 SS&C Technologies
Provider/Financial Software
Deutsche Bank NY
Admin Agent
2630.0 Revolver/Term Loan
Supports acquisition of Advent Software
2015/07/13 Stanfield Capital
Investment Manager
MB Business Capital
Lender
12.5 Revolver
Supports acquisition of Nextten Stauer
2015/07/31 Star Gas Partners
Provider/Home Heating Energy
JPMorgan Chase
Admin Agent
400.0 $300MM ABL Revolver/$100MM Term Loan
Included $100MM L/C
2015/07/15 Strategic Funding Source
Provider/Small Business Loans
CapitalSource
Lender
90.0 Revolver
Syndicate includes East West Bank, Bank United
2015/09/11 Stride Tool
Manufacturer/Hand Tools
AloStar Business Credit
Lender
10.5 Revolver
2015/08/18 Sumitomo Mitsui Banking
Provider/Financial Services
Fifth Street Financial
Lender
125.0 Revolver
2015/08/13 SunEdison
Developer/Renewable Energy
Deutsche Bank
Lender
150.0 Term Loan
2015/08/11 Symphony Technology
Private Equity Firm
LBC Credit
Admin Agent
70.5 Term Loan
Supports Become & PriceGrabber buy
2015/07/14 System One
Staffing Firm
Prospect Capital
Lender
11.8 Term Loan
Supports AECOM's quality programs business buy
2015/07/20 Tapp Label
Manufacturer/Beverage Labels
BMO Harris
Admin Agent
42.4 Revolver
Supports Metro Label buy
2015/08/17 Techniplas
Producer/Plastic Components
BofA Business Capital
Lender
30.0 ABL Revolver
2015/08/12 TerraForm Private Warehouse
Provider/Clean Energy
Morgan Stanley, Citi, Goldman Sachs
Arrangers
280.0 Term Loan
Syndicate: SunEdison & TerraForm Power
2015/08/10 The Jordan Group
Private Equity Firm
CIT Group
Lead Arranger
165.0 Revolver
Supports DiversiTech buy
2015/09/16 The William Carter Company
Retailer/Children's Clothing
JPMorgan Chase
Admin Agent
500.0 Revolver
Upsized from $375MM
2015/07/09 Third Century Investment
Manager/Private Equity Capital
Marquette Business Credit
Lender
5.0 $4MM ABL Revolver/Term Loan
Acquisition Financing
2015/08/21 Three J's Distributing
Distributor/Breads & Pastries
NewStar Business Credit
Lender
5.0 Revolver
2015/07/06 Total Hockey
Retailer/Sports Equipment
Citizens Retail/Gordon Brothers
ABL Revolver/Term Lender
35.0 ABL Revolver @ $30MM
2015/08/17 TransEnterix
Provider/Medical Devices
Oxford Finance, SVB
Lenders
30.0 Revolver
Upsized from $25MM
2015/07/20 Truett-Hurst
Producer/Wine
Bank of the West
Lender
10.0 Revolver
Upsized from $9MM
2015/07/23 Turtle Beach
Designer/Audio Peripherals
Crystal Financial
Lender
15.0 Term Loan
Rate: LIBOR plus 10.25%
2015/07/31 U.S. Corrugated
Manufacturer/Boxes
First Niagara Commercial Finance
Arranger
43.5 ABL Revolver/Term Loan
Existing lender refinanced
2015/09/30 UCI Holdings
Manufacturer/Vehicle Parts
Credit Suisse AG
Admin Agent
125.0 ABL Revolver
2015/08/11 Unify Square
Provider/Software
Bridge Bank
Lender
7.0 $4MM Term Loan/$3MM Revolver
Microsoft partner
2015/07/29 Univar
Distributor/Specialty Chemicals
BofA
Admin Agent
1040.0 $1.3B ABL Revolver/$100MM Term Loan
Used to prepay outstanding debt
2015/07/23 Urban Outfitters
Operator/Retail Stores
JPMorgan Chase
Admin Agent
400.0 ABL Revolver
Arranger: Wells Fargo
2015/08/05 Vitaligent
Retailer/Fast Food
GE Capital Franchise Finance
Lender
11.0 Revolver
Supports buy of 77 Jamba Juice franchise locations
2015/09/30 VWR Corporation
Provider/Laboratory Products
Citibank
Admin Agent
1670.0 Term Loan/Revolver
2015/09/15 Webster Capital
Private Equity
CIT Healthcare Finance
Lender
26.5 Revolver
Supports recap
2015/07/09 Welcov Healthcare
Provider/Assisted Healthcare Services
CapitalSource
Lender
56.1 Revolver/Term Loan
Refinance existing debt
2015/07/17 WESTliving
Operator/Assisted Living Facilities
CapitalSource
Lender
28.5 Term Loan
Supports assisted living facility buy
2015/07/23 Wolverine Worldwide
Marketer/Branded Apparel
JPMorgan Chase
Admin Agent
950.0 $500MM Revolver/$450MM Term Loan
Co-syndication agents: Wells Fargo, MUFG
2015/09/29 World Class Technology
Manufacturer/Orthodontic Products
NewStar Business Credit
Lender
6.5 Revolver
2015/08/28 Wynnchurch Capital
Private Equity
BMO Harris
Lender
30.0 Revolver
Supports acquisition