Deal Charts

ABL Deal Chart 2016 Q1

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 01/01/16 through 03/31/16.

DATE BORROWER/INDUSTRY LENDER/ROLE AMOUNT STRUCTURE/NOTES
2016/01/12 101.1 More FM/WBEB
Provider/Radio Broadcasting
Monroe Capital
Admin Agent
35 Revolver
Supports recap
2016/01/12 Accuray
Manufacturer/Treatment Solutions
Cerberus Business Finance
Lender
70 Term Loan
2016/01/19 Acorda Therapeutics
Developer/Therapeutic Drugs
JPMorgan Chase
Admin Agent
60 ABL Revolver
Supports acquisition of Biotie Therapies
2016/02/10 Aerospace Manufacturing Group
Holding Company
AloStar
Lender
14 Revolver
2016/03/29 Alloy Wheel Repair Specialists
Provider/Alloy Wheel Repair
Monroe Capital
Admin Agent
42.5 Revolver
2016/01/05 American Electric Technologies
Provider/Power Delivery Solutions
Frost Bank of Texas
Lender
8.5 $4.5MM Revolver/$4MM Term Loan
2016/01/06 American Mortgage Consultants
Provider/Mortgage Loans
Monroe Capital
Admin Agent
27.5 Revolver
Supports acquisition of JCIII & Associates
2016/03/11 AMETEK
Manufacturer/Electronic Instruments
JPMorgan Chase
Admin Agent
850 Revolver
Facility upsized from $700MM
2016/01/04 AMN Healthcare
Provider/Workforce Solutions
SunTrust
Admin Agent
350 $275MM Revolver/$75MM Term Loan
Supports acquisition of B.E. Smith
2016/03/01 Avid Technology Worldwide
Provider/Digital Solutions
Cerberus Business Finance
Admin Agent
105 $100MM Term Loan/$5MM Revolver
2016/01/25 AZON Metals
Manufacturer/Steel
NewStar Business Credit
Lender
24 Credit Facilities
2016/03/18 Ball Corporation
Supplier/Packaging Solutions
Deutsche Bank NY
Admin Agent
4100 Revolver/Term Loan
2016/01/04 Barteca Holdings
Operator/Restaurants
Citizens Bank
Admin Agent
74 Revolver
2016/03/10 Bonanza Creek Energy
Producer/Oil & Natural Gas
KeyBank
Admin Agent
209 Revolver
2016/03/25 Briggs & Stratton
Manufacturer/Lawn Mowers
JPMorgan Chase
Admin Agent
500 Revolver
2016/01/25 Broad River Furniture
Retailer/Furniture
NewStar Business Credit
Lender
10 Credit Facilities
2016/03/31 Cabela's
Retailer/Outdoor Merchandise
BofA
Lender
500 Revolver
Facility upsized from $300MM
2016/02/12 Cambium Learning
Provider/Educational Solutions
Babson Capital
Lender
135 Term Loan B/Revolver
2016/02/15 CapFlow Funding Group
Provider/Commercial Finance
AloStar
Lender
10 Revolver
2016/02/09 Carriage Services
Provider/Death Care Services
BofA
Admin Agent
150 Revolver
Facility downsized from $200MM
2016/03/14 Castle Biosciences
Provider/Molecular Diagnostics
Silicon Valley
Lender
14 Term Loan/Revolver
Facility upsized from $6MM
2016/01/07 Charles River Laboratories
Provider/Laboratory Services
J.P. Morgan Securities
Lender
350 Term Loan
Supports acquisition of WIL Research
2016/02/26 Cheniere Energy Partners
Developer/Natural Gas
BoA, JPMorgan Chase, Others
Arrangers
2800 $2.1B Tranche/$450MM Term Loan/$240MM Revolver
2016/01/25 Cheniere Energy Partners
Operator/Gas Pipelines
BofA, JPM, Morgan Stanley, Others
Arrangers/Participants
2800 Revolver/Term Loan
2016/03/08 Clayton Williams Energy
Producer/Oil & Natural Gas
Ares Management
Lender
350 Term Loan
2016/02/24 Comfort Systems USA
Provider/Mechanical Services
Wells Fargo
Admin Agent
325 Term Loan
Facility upsized from $250MM
2016/01/04 CONMED
Provider/Surgical Devices
JPMorgan Chase
Admin Agent
700 $525MM Revolver/$175MM Term Loan
Supports acquisition of SurgiQuest
2016/01/19 Consolidated Lumber
Retailer/Construction Materials
U.S. Bank
Lender
15 ABL Revolver
2016/01/12 Core-Mark Holding Company
Marketer/Retail Supply Solutions
JPMorgan Chase
Admin Agent
300 Revolver
Facility upsized from $200MM
2016/03/28 CPI Aerostructures
Manufacturer/Structural Assemblies
Citizens, Bankunited
Lenders
40 Revolver
Replaced previous $35MM facility
2016/01/07 Cray
Manufacturer/Data Storage & Analytic Systems
Wells Fargo
Lender
50 Revolver
Facility upsized from $10MM
2016/03/29 Destination Maternity
Retailer/Maternity Apparel
Wells Fargo
Admin Agent
32 Term Loan
2016/01/21 Digital Realty Trust
Provider/Data Center Solutions
Citibank
Admin Agent
3500 $2B Revolver/$1.55B Term Loan
Supports refi
2016/01/22 Drexel Metals
Supplier/Metal Roofing Equipment
FirstMerit
Lender
6.5 Revolver
2016/03/28 Drybar Holdings
Provider/Salon Services
Morgan Stanley
Admin Agent
40.9 Revolver
2016/01/08 Equinix
Provider/Data Centers
BofA
Admin Agent
682 Term Loan
2016/03/10 EVINE Live
Retailer/Private Label Products
Great American Capital Partners
Lender
17 Term Loan
2016/01/27 Federal Signal
Provider/Safety Solutions
Wells Fargo
Admin Agent
325 Revolver
Jt lead arrangers: Wells Fargo Securities, J.P.Morgan Securities
2016/03/07 FinTech Acquisition
Online Lender
BMO Harris, Babson Capital
Arrangers
140 Term Loan
2016/02/11 First Majestic Silver
Producer/Silver
ScotiaBank, Investec Bank PLC
Lenders
60 $35MM Term Loan, $25MM Revolver
Replaces existing facility
2016/03/15 Flexiti Financial
Provider/POS Consumer Financing
Liquid Capital
Lender
25 ABL Revolver
2016/01/06 Fusion Academy & Learning
Alternative Private School
CapX
Lender
15 Term Loan
2016/01/19 Gemstone Foods
Provider/Poultry Processing Services
MB Business Capital
Lender
10 Revolver
Supports refi
2016/03/31 GoPro
Manufacturer/Mobile Cameras
JPMorgan Chase
Admin Agent
250 ABL Revolver
2016/01/25 Gump's
Retailer/Home Furnishings
NewStar Business Credit
Lender
15 Credit Facilities
2016/01/18 H2O Overgroup
Provider/Communications Management Solutions
SaaS Capital
Lender
2.5 Revolver
2016/03/15 Halcon Resources
Producer/Oil & Natural Gas
JPMorgan Chase
Admin Agent
700 Revolver
2016/03/11 Harte Hanks
Provider/Marketing Services
Wells Fargo
Lender
110 $65MM Revolver/$45MM Term Loan
2016/01/06 Hooker Furniture
Retailer/Home Furniture
BofA
Lender
90 Revolver
Supports acquisition of Home Meridian International
2016/01/04 I.D. Systems
Developer/Wireless Solutions
Siena Lending Group
Lender
7.5 Revolver
2016/03/28 Iconix Brand Group
Provider/Brand Licenses
Cortland Capital Market Services
Admin Agent
300 Term Loan
2016/03/07 Iconix Brand Group
Provider/Brand Licenses
Fortress Investment Group
Lender
300 Term Loan
2016/03/21 Intersections
Provider/Identity Protection Services
Crystal Financial
Lender
20 Term Loan
2016/03/07 ITG Communications
Provider/Project Management Services
Siena Lending Group
Lender
6.7 $5MM ABL Revolver/$1.7MM Term Loan
Supports refi
2016/01/27 Ixia
Provider/Security Solutions
Silicon Valley Bank
Admin Agent
150 Revolver
Facility upsized from $75MM
2016/02/11 J.T. Shannon Lumber Company
Manufacturer/Lumber
MB Business Capital
Lender
21 Revolver
2016/03/03 JAB Holding
Private Equity Firm
JPMorgan Chase
Admin Agent
6400 Term Loan/Revolver
Supports acquisition of Keurig
2016/02/26 Jenne
Distributor/IP Telephony
Citizens
Lender
65 Revolver
2016/03/22 John Bean Technologies
Provider/Technology Solutions
Wells Fargo
Admin Agent
600 Revolver
Facility upsized from $450MM
2016/03/15 Kalibrate Technologies
Provider/Technology Services
PNC
Lender
5 Revolver
2016/02/17 KAR Auction Services
Provider/Used Cars
JPMorgan Chase
Admin Agent
550 $250MM Revolver/$300MM Accordion
Exercised accordion feature
2016/01/06 Lake County Press
Producer/Printed Products
MB Business Capital
Lender
12.5 Revolver
2016/01/04 Live Media Group
Provider/Live Media Streaming
Citizens Bank
Lender
11 Revolver
2016/02/01 LKQ Corporation
Provider/Specialty Auto Parts
Wells Fargo
Admin Agent
3200 $2.45B Revolver/$500MM Term Loan
Facility upsized from $2.3B
2016/01/25 Love & Quiches Gourmet
Retailer/Gourmet Foods
NewStar Business Credit
Lender
6 Credit Facilities
2016/01/19 MabVax Therapeutics Holdings
Developer/Antibody-based Products
Oxford Finance
Lender
10 Revolver
2016/03/09 Mangrove Equity Partners
Private Equity Firm
TCF Capital
Lender
24.5 Revolver
2016/02/10 Mangrove Equity Partners
Private Equity Firm
TCF Capital Funding
Lender
7.1 Revolver
2016/01/11 Marbles: The Brain Store
Retailer/Educational Fitness Products
Siena Lending Group
Lender
10 Term Loan
Supports refi
2016/02/05 Mattress Firm Holding
Retailer/Mattresses
Barclays, J.P. Morgan Securities, Others
Arrangers
865 Revolver
2016/01/25 Mealey's
Retailer/Home Furnishings
NewStar Business Credit
Lender
7 Credit Facilities
2016/01/25 Micronics Engineered Filtration
Manufacturer/Filtration Products
NewStar Business Credit
Lender
5 Credit Facilities
2016/02/11 Millard Lumber
Distributor/Lumber
Gibraltar Business Capital
Lender
12 Revolver
2016/02/09 Monro Muffler Brake
Provider/Auto Repair Services
Citizens
Admin Agent
600 Revolver
2016/01/14 MusclePharm
Provider/Sports Nutrition Products
Prestige Capital
Lender
10 Revolver
2016/03/31 NCR
Manufacturer/Computer Hardware
JPMorgan Chase
Admin Agent
2000 $1.1B Revolver/$900MM Term Loan
2016/02/10 Nelson Miller
Supplier/User Interface Solutions
Marquette Business Credit
Lender
8.2 Revolver/Term Loan
2016/01/06 Noble Energy
Producer/Oil & Natural Gas
Citibank
Admin Agent
1400 Term Loan
2016/01/06 NOMi
Provider/Analytic Solutions
Horizon Technology Finance
Lead Arranger
15 Revolver
2016/03/11 NTE Energy
Provider/Energy Services
MUFG, ING
Arrangers
387 Revolver
2016/03/29 Numerex
Provider/Enterprise Solutions
Crystal Financial
Lender
17 Term Loan
2016/01/06 Omeros Corporation
Developer/Biopharmaceuticals
Oxford Finance, East West Bank
Lenders
70 $50MM Term Loan/$20MM Tranches
2016/01/05 Omnicell
Provider/Automated Healthcare Solutions
Wells Fargo
Admin Agent
400 $200MM Revolver/$200MM Term Loan
Supports acquisition of Aesynt
2016/01/25 Otelco
Provider/Telecom Services
Cerberus Business Finance
Lender
105 $85MM Term Loan/$5MM Revolver
NewSpring provided $15MM subdebt
2016/02/17 Otelco
Provider/Wireline Telecom Service
Cerberus Business Finance
Admin Agent
105 $100MM Term Loan/$5MM Revolver
2016/01/19 Park Electrochemical
Manufacturer/Circuit Materials
HSBC
Lender
75 Revolver
2016/03/08 Patrick Lumber
Manufacturer/Lumber
US Bank
Lender
20 ABL Revolver
2016/01/20 PlayMaker CRM
Provider/Health Services Products
Square 1
Lender
3 Revolver
2016/01/21 Popeyes Louisiana Kitchen
Operator/Restaurants
Wells Fargo
Admin Agent
250 Revolver
2016/01/26 Prime Healthcare
Provider/National Healthcare
Wells Fargo, Barclays
Jt Lead Arrangers
700 $400MM Revolver/$200MM Term Loan
$100MM accordion
2016/03/31 Promise Healthcare Group
Operator/LTC Hospitals
WFCF
Admin Agent
75 ABL Revolver
2016/01/25 PSKW
Provider/Pharmaceutical Marketing Services
NewStar Business Credit
Lender
30 Credit Facilities
2016/01/20 Puppet Labs
Provider/IT Automation Software
Silicon Valley Bank
Lender
22 Revolver
2016/02/26 RealPage
Provider/On-Demand Software
Wells Fargo
Admin Agent
325 Revolver
Facility upsized w/ $125MM accordion
2016/03/18 REG Energy Services
Provider/Renewable Energy
Bankers Trust
Lender
30 Revolver
Facility includes additional $10MM accordion
2016/01/04 ReWalk Robotics
Developer/Medical Devices
Kreos Capital V Limited
Lender
20 Initial $12MM drawn; $8MM tranches @ $2MM ea
2016/02/25 Robbins
Supplier/Flooring Systems
Capital Business Credit
Lender
13 ABL Revolver/Term Loan
2016/01/17 ROSCOM
Manufacturer/PVC Pellets
NewStar Business Credit
Lender
8 Revolver
2016/01/25 SABG
Distributor/Socks
NewStar Business Credit
Lender
24 Credit Facilities
2016/01/16 SheKnows Media
Provider/Women's Media
Ally Corporate Finance
Lender
22 Revolver
2016/03/29 Skydance
Producer/Diversified Media
JPMorgan Chase
Admin Agent
700 Revolver
2016/01/25 SolarCity
Provider/Solar Systems
BofA Merrill Lynch
Lead Arranger
160 Term Loan
Jt lead arrangers: KeyBank, Silicon Valley
2016/03/31 SolarCity
Provider/Solar Power Systems
Credit Suisse
Admin Agent
150 Revolver
2016/01/25 SolomonEdwards
Provider/Professional Services Resources
NewStar Business Credit
Lender
13 Credit Facilities
2016/02/24 Somero Enterprises
Manufacturer/Laser-guided Machinery
Citizens
Lender
10 Revolver
Facility upsized from $5MM
2016/02/08 Spark Networks
Provider/Online Dating Communities
Bridge Bank
Lender
10 Revolver
2016/03/31 Spectra7
Provider/Consumer Connectivity
Midcap Financial
Lender
6.5 Term Loan
2016/01/18 SpineFrontier
Developer/Spine Surgery Products
MidCap Business Credit
Lender
6 ABL Revolver
2016/03/25 Spokane Industries
Manufacturer/Investment Castings
Hana Financial
Lender
6 ABL Revolver
2016/01/05 Stephens Capital Partners
Private Equity Firm
NXT Capital
Admin Agent
70 Revolver
2016/03/10 Stone Energy
Producer/Oil & Natural Gas
BofA
Admin Agent
385 Revolver
2016/03/03 Suburban Propane Partners
Retailer/Propane & Fuel Oil
BofA Merrill Lynch
Admin Agent
500 Revolver
Facility upsized from $400MM
2016/02/11 SunOpta
Producer/Specialty Foods
BofA, JPMorgan Chase, Wells Fargo
Lead Arrangers
350 ABL Revolver
2016/03/07 Superior Biologics
Provider/Specialty Pharmaceuticals
CIT Healthcare Finance
Admin Agent
50 Revolver
2016/01/26 Surgical Specialties
Provider/Medical Devices
BofA
Admin Agent
147 Revolver
Jt lead arrangers: Citizens, Capital One
2016/01/04 T5 @ Kings Mountain VII
Operator/Data Centers
CIT Group
Admin Agent
68.5 Revolver
2016/01/04 Tallgrass Energy Partners
Developer/Midstream Energy Assets
Barclays
Admin Agent
484 Revolver
Increased Current $1.1B facility to $1.5B
2016/01/12 Tandem Diabetes Care
Provider/Medical Devices
CRG
Lender
80 Term Loan
Facility upsized from $30MM
2016/02/01 Taseko Mines
Operator/North American Mines
Red Kite Mine Finance
Lender
70 Revolver
2016/02/16 TeleTech Holdings
Provider/Growth Solutions
Wells Fargo, BofA Merrill Lynch, Others
Lead Arrangers
900 Revolver
Includes accodion up to $1.2B
2016/01/04 The Female Health Company
Manufacturer/FC2
BMO Harris
Lender
10 Revolver
2016/01/13 The Tuna Store
Distributor/Tuna
Santander Bank
Lender
25 Revolver
2016/01/26 Transcom
Private Equity Firm
LBC Credit Partners
Lender
12.5 Term Loan
Supports acquisition of HealthCo
2016/03/03 Tredegar
Manufacturer/Plastic Films
JPMorgan Chase
Admin Agent
400 Revolver
Facility includes additional $50MM accordion
2016/02/09 U.S. Auto Parts
Provider/Aftermarket Auto Parts
Chase Commercial Banking
Lender
30 Revolver
Facility upsized from $25MM
2016/03/28 Veracyte
Provider/Molecular Cytology
Visium Healthcare Partners
Lender
45 Term Loan
2016/03/09 Vericel
Developer/Cellular Therapies
Silicon Valley
Lender
15 Term Loan/Revolver
2016/02/01 Veritas Auto Finance
Provider/Auto Loans
Credit Suisse
Lender
92.5 Revolver
2016/02/16 Volkswagen Credit
Provider/Financial Services
J.P. Morgan
Admin Agent
9000 Revolver
2016/03/09 Web.com Group
Provider/Internet Services
JPMorgan Chase
Admin Agent
540 $390MM Term Loan/$150MM Revolver
Supports acquisition of Yodle
2016/03/15 Wheels Financial Group
Provider/Title Loans
Victory Park Capital
Lender
100 Revolver
2016/03/18 WPX Energy
Producer/Oil
Citibank
Admin Agent
1200 Revolver
2016/01/19 Xenith
Supplier/NFL Helmets
Siena Lending Group
Lender
9 ABL Revolver
2016/01/15 Zayo Group Holdings
Provider/Communications Services
Morgan Stanley Senior Funding
Lead Arranger
400 Term Loan