Deal Charts

ABL Deal Chart 2016 Q2

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 04/01/16 through 06/30/16.

DATE BORROWER/INDUSTRY LENDER/ROLE AMOUNT STRUCTURE/NOTES
2016/06/26 A.P. Plasman
Manufacturer/Exterior Trim Products
Franklin Square Capital Partners
Lender
50 Unitranche
Supports acquisition of Plastal Industri
2016/06/02 Acorda Therapeutics
Developer/Neurological Therapies
JPMorgan Chase
Admin Agent
60 Revolver
2016/05/24 Addus HomeCare
Provider/Personal Home Care
Fifth Third
Admin Agent
100 Revolver
Facility upsized from $75MM
2016/06/17 Aerojet Rocketdyne Holdings
Manufacturer/Technology Products
BofA
Admin Agent
350 Revolver
2016/06/01 Air Transport Service Group
Provider/Aircraft Leasing
SunTrust
Arranger
450 Revolver
Facility upsized from $350MM
2016/05/13 Allegheny Technologies
Manufacturer/Specialty Metals
PNC
Admin Agent
100 Revolver
2016/06/02 Alorica
Provider/Customer Support
BofA, Others
Arrangers
1100 Revolver/Term Loan
Supports acquisition of EGS
2016/04/29 American Airlines
Provider/Airline Transportation
Barclays
Admin Agent
1000 Term Loan
2016/05/23 Ampco-Pittsburgh
Producer/Forged & Cast Rolls
PNC
Admin Agent
100 ABL Revolver
2016/05/13 ANI Pharmaceuticals
Manufacturer/Generic Pharmaceuticals
Citizens
Lender
30 ABL Revolver
2016/04/29 Argonaut Gold
Producer/Gold
BMO
Admin Agent
30 Revolver
2016/04/01 Armstrong World Industries
Manufacturer/Floors & Ceilings
BofA
Admin Agent
1050 $850MM Term Loan/$200MM Revolver
2016/04/28 ArtiCure
Provider/Medical Devices
Silicon Valley
Lender
25 Term Loan
2016/06/16 Automatic Data Processing
Provider/Management Solutions
JPMorgan Chase
Admin Agent
7000 Revolver
2016/04/20 Banc of California
Bank
Wells Fargo
Lender
75 Revolver
Facility upsized from $25MM
2016/06/30 Bats Global Markets
Operator/Exchange Services
BofA
Admin Agent
750 $650MM Term Loan/$100MM Revolver
Supports refi
2016/05/04 Bay State Milling
Manufacturer/Plant-Based Grain
Citizens Commercial Banking
Lead Arranger
240 $150MM Revolver/$90MM Term Loan
2016/04/05 Biery Cheese
Manufacturer/Cheese
FirstMerit Bank Business Credit
Lender
37.6 Revolver/Term Loan
2016/05/10 Black Box
Provider/Technology Solutions
PNC
Admin Agent
200 Revolver
Supports refi
2016/05/16 Blue Wolf
Private Equity Firm
Capital One
Admin Agent
65 Revolver
Supports acquisition of National Home Health Care
2016/05/19 Blue Wolf
Private Equity Firm
CIT Healthcare Finance
Lead Arranger
65 Revolver
Supports acquisition of National Home Health Care
2016/05/31 Brocade
Provider/Network Solutions
Wells Fargo, Others
Lenders
900 Term Loan
Supports acquisition of Ruckus Wireless
2016/05/23 Cambrex Corporation
Provider/Life Science Products
Wells Fargo, JPMorgan Chase
Lead Arrangers
500 Revolver
Replaces existing facility
2016/05/06 Cascades
Manufacturer/Green Packaging
Wells Fargo, BOA, M&T
Arrangers
245 $195MM Term Loan/$50MM Revolver
2016/06/22 Chefs' Warehouse
Distributor/Specialty Foods
JPMorgan Chase
Admin Agent
430 $355MM Term Loan/$75MM ABL Revolver
Jt arranger: Jefferies Finance
2016/04/21 Compass Minerals
Provider/Minerals
JPMorgan Chase
Admin Agent
700 $400MM Term Loan/$300MM Revolver
2016/04/04 Computer Sciences Corporation
Provider/IT Services
BoA
Admin Agent
150 Revolver
2016/05/17 Concordance Healthcare Solutions
Distributor/Regional Healthcare
PNC
Admin Agent
200 ABL Revolver
2016/04/19 Corporate Capital Trust
BDC
JPMorgan Chase
Admin Agent
893 Revolver
Facility upsized from $710MM
2016/05/25 CSI Compressco
Provider/Compression Services
BofA
Admin Agent
340 Revolver
Facility downsized from $400MM
2016/05/23 CTS Corporation
Manufacturer/Electric Components
BMO Harris
Admin Agent
300 Revolver
2016/06/30 CytoSorbents
Provider/Critical Care Immunotherapy
Bridge Bank
Lender
10 Term Loan
Supports debt financing
2016/06/09 Dana Holding
Supplier/Powertrain Components
Citibank
Admin Agent
500 Revolver
2016/04/19 Denbury Resources
Provider/Oil & Natural Gas
JPMorgan Chase
Admin Agent
1050 Revolver
Facility downsized from $1.50B
2016/04/14 DigitalOcean
Cloud Computing Platform
KeyBanc Capital Markets
Admin Agent
130 Revolver
2016/04/28 Drew Industries
Supplier/RV Components
JPMorgan Chase
Admin Agent
200 Revolver
Facility replaces existing $100MM facility
2016/05/24 Dycom Industries
Provider/Contracting Services
BofA
Admin Agent
350 Term Loan
Facility upsized from $150MM
2016/06/30 EarthLink Holdings
Provider/Network Services
Regions Bank
Admin Agent
135 Revolver
Supports refi
2016/06/20 Ebix
Supplier/E-Commerce Services
Regions Bank
Admin Agent
400 $275MM Revolver/$125MM Term Loan
Facility upsized from $240MM
2016/04/01 Energy Services of America
Provider/Energy Services
United Bank, Summit Community Bank
Lenders
15 Revolver
2016/04/21 Essent Group
Holding Company
JPMorgan Chase
Admin Agent
200 Revolver
2016/05/11 Europa Sports Products
Distributor/Sports Nutrition
AloStar
Lender
20 Revolver
2016/04/13 Evolution Petroleum
Provider/Petroleum Products
MidFirst
Lender
50 Revolver
2016/06/21 Federal Metal
Manufacturer/Brass & Bronze
Wells Fargo Capital Finance
Lender
13 ABL Revolver
2016/05/16 Fora Financial
Provider/Working Capital Solutions
AloStar
Admin Agent
52.5 Revolver
2016/05/16 Fox Factory
Manufacturer/Ride Dynamics Products
SunTrust
Admin Agent
175 $100MM Revolver/$75MM Term Loan
2016/05/24 Franklin Covey
Provider/Time Management Training
JPMorgan Chase
Admin Agent
55 $40MM Revolver/$15MM Term Loan
2016/04/18 Fuelcell Energy
Operator/Cell Fuel Power Plants
Hercules Capital
Lender
25 Term Loan
2016/06/20 Gaslog
Operator/Natural Gas Carrier
Citi, Credit Suisse, Nordea
Lead Arrangers
1050 Revolver
2016/04/28 Genesis Energy
Provider/Energy Infrastructure
Wells Fargo
Admin Agent
1700 Revolver
2016/04/07 Goodyear Tire & Rubber
Manufacturer/Tires
JPMorgan Chase
Admin Agent
2000 ABL Revolver
Supports refi
2016/06/14 Graphic Controls
Supplier/Consumable Products
Citizens Commercial Banking
Lead Arranger
97 Revolver
Supports acquisition of CEA Medical
2016/05/31 Great Plains Energy
Holding Company
Goldman Sachs
Lender
8000 Revolver
Supports acquisition of Westar Energy
2016/04/06 Green Creative
Manufacturer/Lighting Products
MB Business Capital
Lender
15 Revolver
2016/05/16 Hercules Funding
Private Equity Firm
AloStar
Lender
6.5 Revolver
2016/06/10 Hexcel
Manufacturer/High-Performance Materials
Citizens Commercial Banking
Admin Agent
700 Revolver
2016/05/31 Hibernia Networks
Provider/Telecommunications Solutions
MUFG
Lender
165 Revolver
2016/06/22 Holt Logistics
Provider/Logistics Facility Management
Citizens Commercial Banking
Lender
17.5 Revolver
2016/05/02 Hooper Holmes
Provider/On-Site Health Screenings
SCM Specialty Finance
Lender
7 Revolver
2016/04/04 Huntsman International
Manufacturer/Chemicals
JPMorgan Chase
Admin Agent
1200 $650MM Revolver/$550MM Term Loan
2016/06/30 Ignyta
Provider/Precision Oncology Medicine
Silicon Valley, Oxford
Lenders
42 Term Loan
2016/06/24 Incipio Group
Provider/Consumer Technology
Monroe Capital, Wells Fargo
Lenders
177 Revolver
Supports acquisition of Skullcandy
2016/04/14 Independence Contract Drilling
Provider/Drilling Services
CIT
Admin Agent
85 Revolver
2016/06/23 Insight Enterprises
Provider/Global Technology
JPMorgan Chase
Admin Agent
350 Revolver
2016/05/05 Intacct
Provider/Cloud ERP Software
Silicon Valley
Lender
40 Revolver
2016/05/03 Integrated Electrical Services
Holding Company
Wells Fargo Capital Finance
Lender
70 Revolver
Facility upsized from $60MM
2016/05/09 Intersections
Provider/Consumer Identity Protection
Crystal Financial
Lender
20 Term Loan
2016/04/15 Intricon
Manufacturer/Body-Worn Devices
PrivateBank
Lender
9 Term Loan
Facility upsized from $6MM
2016/04/22 IOU Financial
Provider/Small Business Loans
MidCap Financial
Lender
25 Revolver
Facility includes $25MM accordion
2016/06/08 iStar
Provider/Commercial Investments
JPMorgan, Others
Lead Arrangers
450 Term Loan
Jt arrangers: Barclays, BoA Merrill Lynch
2016/04/18 Kennametal
Supplier/Industrial Technology
BofA
Admin Agent
600 Revolver
Jt arrangers: PNC, JPMorgan Chase, Citizens
2016/06/09 Kindred Healthcare
Provider/Healthcare Services
J.P. Morgan Securities
Lead Arranger
200 Term Loan
2016/05/11 Kohlberg & Co
Private Equity Firm
Antares Capital
Admin Agent
198 Revolver
Supports acquisition of Interstate Hotels
2016/05/11 Kohlberg & Co
Private Equity Firm
Antares Capital
Admin Agent
136 Revolver
Supports acquisition of Meadows Behavioral Health
2016/06/16 Korn/Ferry International
Organizational Advisory Firm
Wells Fargo
Admin Agent
400 $275MM Term Loan/$125MM Revolver
2016/06/20 Lannett
Manufacturer/Generic Pharmaceuticals
Morgan Stanley
Admin Agent
150 Term Loan
2016/06/10 Lifepoint Health
Provider/Healthcare Services
Citibank
Admin Agent
1300 $700MM Term Loan/$600MM Revolver
2016/05/12 LM Metals
Manufacturer/Metal Parts
GemCap
Lender
11 ABL Revolver
2016/06/05 LyondellBasell
Manufacturer/Polyolefin Materials
BofA
Admin Agent
2500 Revolver
Facility upsized from $2B
2016/04/28 Lytron
Supplier/Thermal Mgmt Solutions
Citizens Commercial Banking
Lender
15 Revolver
2016/05/27 Mastercraft Boat Company
Manufacturer/Sports Boats
Fifth Third
Admin Agent
80 $50MM Term Loan/$30MM Revolver
2016/04/05 McGrath RentCorp
Provider/Equipment Rental
BoA
Admin Agent
420 Revolver
Arrangers: MUFG Union Bank, Merrill Lynch
2016/05/04 McGraw-Hill Global
Provider/Education Materials
Credit Suisse
Admin Agent
1900 $1.575B Term Loan/$350MM Revolver
2016/04/16 Memorial Production Partners
Provider/Oil & Natural Gas
Wells Fargo
Admin Agent
925 Revolver
2016/05/02 Mercury Systems
Provider/Processing Subsystems
BofA
Admin Agent
300 $200MM Term Loan/$100MM Revolver
2016/06/29 MGM
Producer/Film & Television
J.P. Morgan
Lead Arranger
1000 Revolver
2016/05/27 Michaels Stores
Retailer/Arts & Crafts
Wells Fargo
Admin Agent
850 Revolver
2016/04/15 Mitel
Provider/Global Communications
BofA Merrill Lynch
Lender
1100 Revolver
Supports acquisition of Polycom
2016/06/29 Monteris Medical
Manufacturer/Neurosurgical Technology
Oxford Finance
Lender
10 Term Loan
2016/05/19 Motorcar Parts of America
Producer/Replacement Auto Parts
PNC
Admin Agent
120 Revolver
Facility upsized from $100MM
2016/05/10 MTS Systems
Supplier/Test Systems
JPMorgan, Wells Fargo, Others
Arrangers
490 $390MM Term Loan/$100MM Revolver
Supports acquisition of PCB Group
2016/05/19 Neon Finance Company
Provider/Financial Solutions
BofA Merrill Lynch, Others
Lead Arrangers
655 Term Loan
Supports acquisition of Nexeo Solutions Holdings
2016/05/04 Net Element
Provider/Payment Technology Solutions
RBL Capital
Lender
15 Revolver
Replaces existing facility
2016/05/13 Newpark Resources
Provider/Drilling Fluid Systems
BofA, JPMorgan, Others
Syndication Agents
90 ABL Revolver
Facility replaces existing agreement
2016/06/21 NICO Corporation
Manufacturer/Neurosurgery Medical Devices
Square 1
Lender
8 Revolver
2016/05/10 Nortek
Manufacturer/Remodeling Systems
BofA, WFCF
Lead Arrangers
325 ABL Revolver
Facility upsized from $300MM, additional $125MM accordion
2016/05/09 Nova Products
Distributor/Exotic Flooring
Marquette Business Credit
Lender
6 Revolver
2016/04/21 Nuvectra
Developer/Medical Devices
Oxford Finance, Silicon Valley Bank
Lenders
45 Term Loan
2016/05/17 Omeros
Provider/Biopharmaceuticals
Oxford Finance, East West
Lenders
20 Revolver
2016/05/24 Oxford & Tommy Bahama
Retailer/Clothing & Apparel
SunTrust
Admin Agent
325 Revolver
2016/05/23 Park National Corporation
Financial Holding Company
U.S. Bank
Lender
10 Revolver
2016/06/22 Pearl Capital Business Funding
Provider/Small Business Financing
Arena Investors
Admin Agent
20 Revolver
2016/04/13 People Corporation
Provider/Group Benefits
Canadian Imperial
Lender
61.2 Revolver
Facility upsized to support BPA acquisition
2016/06/28 Plug Power
Provider/Hydrogen & Fuel Cell Technology
Hercules Capital
Lender
40 Term Loan
2016/06/29 Power Solutions International
Manufacturer/Alternative-Fuel Power Systems
Wells Fargo, TPG
Lenders
135 $75MM ABL Revolver/$60MM Term Loan
2016/06/14 Primanti Brothers
Retailer/Casual Dining Chain
Citizens
Lender
52 Revolver
2016/04/14 Prologis
Owner/Distribution Facilities
BofA
Admin Agent
3000 Revolver
2016/05/19 Pulse Electronics
Provider/Electronic Components
Oaktree Capital
Lender
80 Revolver
Supports refi of existing facility
2016/06/23 QVC
Provider/Home Shopping Services
JPMorgan Chase
Admin Agent
2650 Revolver
Syndication: Wells Fargo, BNP Paribas
2016/06/30 RadNet
Provider/Diagnostic Imaging Services
Barclays, Capital One, Others
Lead Arrangers
602.5 $485MM Term Loan/$117.5 Revolver
Supports refi
2016/05/13 Ramoco Fuels
Operator/Gas Stations
Citizens
Lender
28 Revolver/Term Loan
2016/06/20 Regulus Therapeutics
Developer/Biopharmaceuticals
Oxford Finance
Lender
30 Revolver
2016/06/16 Revlon
Manufacturer/Cosmetics
BOA Merrill Lynch, Citigroup
Lenders
2600 Revolver
Supports acquisition of Elizabeth Arden
2016/04/28 Rotorcraft Leasing
Provider/Helicopter Transportation
Siena Lending Group
Lender
15 Revolver
2016/04/27 Scorpio Tankers
Provider/Seaborne Transportation
ING
Lender
132 Revolver
Facility upsized from $87MM
2016/06/16 Shutterfly
Provider/Online Photo Solutions
JPMorgan Chase
Admin Agent
200 Revolver
2016/04/13 SM Energy
Provider/Petroleum & Natural Gas
Wells Fargo
Admin Agent
1250 Revolver
2016/04/12 Soleo Health Facility
Provider/Infusion Therapies
Gemino Healthcare Finance
Lender
12 Revolver
2016/05/17 Source Capital
Private Equity Firm
Monroe Capital
Admin Agent
20.3 Revolver
2016/04/06 Sphere 3D
Provider/Virtual Applications
Opus Bank
Lender
20 Revolver
2016/05/24 Springstone
Developer/Behavioral Health Hospitals
Wells Fargo Healthcare Finance
Admin Agent
125 $104MM Term Loan/$21MM Revolver
2016/05/24 Spruce Financial
Provider/Consumer Financing
Investec
Arranger
120 Revolver
2016/04/25 Swift Energy
Provider/Oil & Natural Gas
JPMorgan Chase
Admin Agent
320 Revolver
2016/05/12 Symantec
Operator/Cyber Intelligence
Wells Fargo
Admin Agent
2000 $1B Term Loan/$1B Revolver
2016/04/07 Tempur Sealy
Provider/Bedding
JPMorgan Chase
Admin Agent
1100 $600MM Term Loan/$500MM Revolver
2016/06/24 Tessco Technologies
Provider/Wireless Communications
SunTrust
Admin Agent
35 ABL Revolver
2016/04/11 The 99 Cents Only Stores
Operator/Retail Stores
Royal Bank of Canada, Others
Lead Arrangers
160 ABL Revolver
Jt lead arrangers: UBS AG, Citizens Business Capital
2016/04/12 The Fishin' Company
Distributor/Frozen Seafood
Santander Bank
Admin Agent
115 Revolver
2016/05/09 The Trade Desk
Provider/Technology Platform
Citibank
Lender
125 Revolver
2016/06/02 Thoma Bravo
Private Equity Firm
Ares Capital Management
Admin Agent
1075 Unitranche
Supports acquisition of Qlik Technologies
2016/05/17 Twin Disc
Manufacturer/Transmission Equipment
BMO Harris
Lender
40 Revolver
2016/06/09 Twin-Star International
Manufacturer/Electric Fireplaces
BofA Business Capital
Lender
50 Revolver
2016/04/29 Unique Fabricating
Manufacturer/Plastic Components
Citizens
Syndication Agent
62 $32MM Term Loan/$30MM Revolver
2016/06/30 University Health System
Provider/Community Healthcare
Capital One
Lender
30 Revolver
2016/04/14 Varsity Healthcare Partners
Private Equity Firm
NXT Capital
Admin Agent
61 Revolver
2016/05/25 Versa Media
Provider/Production Loan Financing
Crayhill Capital Management
Lender
100 Revolver
2016/06/21 Vertical Bridge
Provider/Wireless Communications
TD Securities
Lead Arranger
400 Term Loan
Jt arrangers: Barclays, CIT, Deutsche Bank, JPMorgan, SunTrust
2016/06/20 Verve
Provider/Mobile Marketing
Silicon Valley
Lender
30 Revolver
2016/05/24 VisStat
Provider/In-Flight Internet Services
Union Bank
Admin Agent
800 Revolver
Facility upsized from $500MM
2016/04/04 Vista Outdoor
Manufacturer/Outdoor Recreation Products
BofA
Admin Agent
1040 $640MM Term Loan/$400MM Revolver
Supports acquisition of BRG Sports
2016/06/20 Viveve Medical
Manufacturer/Medical Devices
Bridge Bank
Lender
10 Term Loan
2016/06/06 Vonage Holdings
Provider/Communication Services
JPMorgan Chase
Admin Agent
450 $325MM Revolver/$125MM Term Loan
Supports acquisition of Nexmo
2016/04/28 VOXX International
Retailer/Consumer Electronics
Wells Fargo
Lead Arranger
155 Revolver
2016/06/23 Wabtec
Provider/Technology-Based Products
PNC
Admin Agent
1600 $1.2B Revolver/$400MM Term Loan
2016/06/01 Waste Connections
Provider/Waste Collection
BofA
Admin Agent
3200 Revolver/Term Loan
2016/04/29 Western Digital
Manufacturer/Storage Solutions
JPMorgan Chase
Admin Agent
9875 Revolver
Supports acquisition of SanDisk
2016/06/17 Wincove Private Holdings
Investment Holding Company
TCF Capital Funding
Lender
12.75 Revolver
Supports acquisition of Bluff
2016/06/30 Wingstop
Operator/Restaurant Chain
Wells Fargo, Citizens
Lead Arrangers
180 $110MM Revolver/$70MM Term Loan
2016/06/21 WM Coffman Resources
Manufacturer/Residential Stair Parts
MB Business Capital
Lender
8 Revolver
2016/05/26 Xtrant Medical
Manufacturer/Orthopedic Products
Silicon Valley
Lender
6 Revolver
2016/06/28 YRC Worldwide
Provider/Transportation Services
Citizens Commercial Banking
Admin Agent
450 ABL Revolver