Deal Charts

ABL Deal Chart 2016 Q3

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 07/01/16 through 09/30/16.

DATE BORROWER/INDUSTRY LENDER/ROLE AMOUNT STRUCTURE/NOTES
2016/07/14 AAC Holdings
Provider/Inpatient Treatment Services
BofA
Lead Arranger
171.25 $121.25MM Term Loan/$50MM Revolver
Facility upsized from $121.25MM
2016/07/13 Adesto Technologies
Provider/Memory Products
Western Alliance
Lender
20 Revolver
Replaces old facility
2016/07/29 Adient Global
Provider/Automotive Interiors
JPMorgan Chase
Admin Agent
3000 $1.5B Revolver/$1.5B Term Loan
Syndicate: BofA
2016/08/16 Advanced Sports
Manufacturer/Sports Bicycles
WFCF
Lead Arranger
100 Revolver
Supports acquisition of Performance Bicycles
2016/07/01 Affinity Gaming
Operator/Casino Gaming
Credit Suisse
Admin Agent
375 $300MM Term Loan/$75MM Revolver
Jt lead arrangers: Macquarie Capital & Fifth Third
2016/07/06 Ameri100
Provider/Consulting Services
Sterling
Lender
10 Revolver
2016/07/14 American Bare Conductor
Provider/Copper, Wire & Cable Products
Siena Lending
Lender
7.5 ABL Revolver/Term Loan
Supports refi
2016/08/30 Animart
Provider/Animal Healthcare Products
BMO Harris
Lender
20 ABL Revolver
2016/07/05 Aprecia Pharmaceuticals
Manufacturer/Pharmaceuticals
Hercules Capital
Lender
30 Revolver
2016/08/08 Aptevo Therapeutics
Developer/Therapeutics
MidCap Financial
Lender
35 Term Loan
2016/09/29 ARC Group
Provider/3D Printing
Citizens Bank
Lender
42.5 Revolver
2016/09/14 Armada Skis
Distributor/Branded Ski Equipment
Siena Lending Group
Lender
7 ABL Revolver
2016/07/26 Asbury Automotive Group
Operator/Automotive Dealerships
BofA
Admin Agent
1300 Revolver
Syndicates: JPMorgan Chase, Wells Fargo
2016/09/22 Atmos Energy
Provider/Natural Gas Services
BB&T
Admin Agent
200 Term Loan
Facility supports refi
2016/07/14 Baker Hughes
Provider/Oil & Gas Solutions
JPMorgan Chase
Admin Agent
2500 Revolver
Syndicate: Citibank
2016/09/21 Be Green Packaging
Manufacturer/Fiber Products & Packaging
Ares Commercial
Lender
37.3 ABL Revolver
Supports refi
2016/09/26 BioCryst Pharmaceuticals
Developer/Small Molecule Drugs
MidCap Financial
Lender
23 Revolver
2016/08/09 Black Hills
Provider/Energy Services
U.S. Bank
Admin Agent
750 Revolver
Facility upsized from $550MM
2016/08/09 Black Hills
Provider/Energy Services
JPMorgan Chase
Admin Agent
500 Term Loan
2016/08/31 Blackstone Group
Private Equity Firm
Citibank
Admin Agent
1500 Revolver
Jt lead arranger: Merrill Lynch; Syndicate: BOA
2016/08/15 Bon-Ton Stores
Provider/Global Brand Management
BofA
Admin Agent
150 ABL Revolver
Supports refi
2016/09/19 Boyd Gaming
Operator/Gaming Entertainment Ppoperties
BofA
Admin Agent
2000 $1.225B Term Loan/$775MM Revolver
2016/09/13 Campbell Development Group
Provider/Media Production
ORIX Energy Capital
Lender
30 Revolver
Supports acquisition of assets from REX Energy
2016/08/30 Capital Southwest
BDC
ING Capital
Lender
100 Revolver
Facility includes up to $150MM accordion
2016/09/06 CenterOak Partners
Private Equity Firm
Golub Capital
Admin Agent
66.5 Revolver
Supports acquisition of Wetzel's Pretzels
2016/08/16 Chesapeake Energy
Producer/Petroleum & Natural Gas
Goldman Sachs, Citigroup, MUFG
Arrangers
1500 Term Loan
Facility upsized from $1B
2016/09/16 Cintas
Provider/Specialized Business Services
KeyBank
Admin Agent
600 Revolver
Jt lead arranger: JPMorgan Chase
2016/07/12 Cirrus Logic
Supplier/Semiconductors
Wells Fargo
Admin Agent
300 Revolver
Supports refi
2016/08/21 Claris Vision Holdings
Investment Holding Company
Alpine Capital
Lender
7.5 Revolver/Term Loan
2016/08/21 Continental Buildin Products
Manufacturer/Wallboard Products
Credit Suisse
Admin Agent
350 $275MM Term Loan/$75MM Revolver
Supports refi
2016/07/21 Copart
Operator/Auto Auctions
BofA
Admin Agent
850 Revolver
Facility upsized from $350MM
2016/09/06 Country Wine & Spirits
Retailer/Wine & Spirits
Royalty North Partners
Lender
5.5 Revolver
2016/08/09 CVRx
Provider/Medical Devices
Oxford Finance
Lender
20 Term Loan
Facility used to pay existing debt
2016/08/22 DecisionPoint Systems
Provider/Enterprise Mobility
Union Bank, CapitalSource
Arrangers
6 Revolver
2016/09/21 Deluxe
Provider/Check Printing Services
JPMorgan Chase
Admin Agent
200 Term Loan
2016/09/20 Doctors Community Hospital
Operator/Non-Profit Hospital
Capital One
Lender
73.4 Revolver
2016/09/14 Dynamark Monitoring
Provider/Monitoring Services
Citizens Commercial Banking
Lender
15 Revolver
2016/08/02 Edge Therapeutics
Developer/Hospital-Based Therapies
Hercules Capital
Lender
20 Term Loan
Supports refi
2016/08/03 Elite One Source Nutrisciences
Manufacturer/Nutritional Supplements
PNC
Lender
18 $12MM Revolver/$6MM Term Loan
2016/07/11 Elk Petroleum
Producer/Enhanced Oil
Benefit Street Partners
Lender
58 Revolver
Supports Grieve Project JV restructuring
2016/08/08 Elm Creek Partners
Private Equity Firm
Marquette Business Credit
Lender
5 Revolver
Supports acquisition of Liberty Paper Products
2016/08/03 EMCOR Group
Provider/Construction Services
BMO
Admin Agent
1300 $900MM Revolver/$400MM Term Loan
Facility upsized from $1.1B
2016/07/22 Ensign Group
Provider/Nursing Services
Wells Fargo, Suntrust
Lead Arrangers
450 $300MM Revolver/$150MM Term Loan
Facility upsized from $200MM
2016/09/15 Extreme Networks
Provider/Network Solutions
Silicon Valley
Admin Agent
139.91 Revolver
Supports acquisition of wireless LAN from Zebra Technology
2016/09/12 Eyewitness Surveillance
Provider/Video Surveillance Solutions
Capital One
Admin Agent
25 Revolver
Supports refi
2016/09/26 FlexManage
Provider/IT Consulting Services
Marquette Business Credit
Lender
5 ABL Revolver
2016/09/14 Fortress Biotech
Developer/Biopharmaceuticals
Opus Point Healthcare
Lender
25 Revolver
2016/08/02 Foundation Medicine
Provider/Molecular Information
Roche Finance
Lender
100 Term Loan
2016/08/08 Fouts Brothers
Manufacturer/Municipal Fire Trucks
AloStar
Lender
8 Revolver
2016/07/08 Freeman Spogli
Private Equity Firm
Golub Capital
Admin Agent
280 Revolver
Supports acquisition of Batteries Plus Bulbs
2016/07/26 Fulham
Supplier/Lighting Components
US Capital Partners
Lender
8 Unitranche
Supports refi
2016/08/22 Fundation Group
Provider/Digital Lending
Goldman Sachs
Lender
100 ABL Revolver
2016/08/29 Galaxy Gaming
Manufacturer/Gaming Products
Breakaway Capital Management
Lender
10.5 Term Loan
2016/07/27 GENBAND
Provider/Software & Communications Technology
Silicon Valley
Admin Agent
50 Revolver
2016/08/15 Genius Brands Intl
Provider/Global Brand Management
Leumi
Lender
5.2 Revolver
2016/07/25 G-III Apparel Group
Manufacturer/Branded Apparel
Barclays, JPMorgan Chase
Lead Arrangers
975 $525MM ABL Revolver/$450MM Term Loan
Supports acquisition of DKNY
2016/07/22 Global Brass & Copper Holdings
Distributor/Non-Ferrous Products
JPMorgan Chase
Admin Agent
520 $320MM Term Loan/$200MM ABL Revolver
Supports refi
2016/08/08 Global Granite & Marble
Supplier/Stone & Quartz
MB Business Capital
Lender
7.65 Revolver
2016/07/14 Global, LT
Provider/Language Training
Abacus Finance
Admin Agent
23 Revolver
Supports recap
2016/08/01 Green Cloud Financing
Provider/Cloud Solutions
Bridge Bank
Lender
5 Revolver
2016/09/16 Green Plains
Producer/Ethanol Fuel
BofA
Admin Agent
155 Revolver
Facility upsized from $100MM
2016/07/12 Greenbacker Renewable Energy
Producer/Renewable Energy
Fifth Third
Lender
37.5 Revolver
2016/08/02 Heron Therapeutics
Developer/Biotechnology Medicines
Tang Capital
Lender
100 Term Loan
2016/09/21 Hill-Rom Holdings
Holding Company
JPMorgan Chase
Admin Agent
2160 $1.46B Term Loan/$700MM Revolver
Facility used to pay off existing debt
2016/07/05 Hispanica International Delights of America
Distributor/Beverages
TCA Global
Lender
7.5 Revolver
Supports acquisition of Energy Source Distributors
2016/09/29 Hyperikon
Manufacturer/LED Lighting Systems
Pacific Mercantile Bank
Lender
5.8 Revolver
2016/09/22 Jack in the Box
Operator/Fast Food Restaurants
Wells Fargo
Admin Agent
1600 $900MM Revolver/$700MM Term Loan
Jt lead arrangers: Merrill Lynch, Rabobank, Pierce, Fenner & Smith
2016/09/12 James Marine
Provider/Diversified Marine Services
PNC Equipment Finance
Syndication Agent
90 $50MM ABL Revolver/$40MM Term Loan
2016/09/15 Jordan Health Services
Provider/Medical Services
CIT Healthcare Finance
Admin Agent
242 Revolver
2016/09/27 Landec
Provider/Diversified Health Solutions
JPMorgan, BMO Harris
Lead Arrangers
150 $100MM Revolver/$50MM Term Loan
Jt lead arranger: City National Bank
2016/09/09 Lapolla Industries
Manufacturer/Spray Foam Insulation
BoA
Lender
15 Revolver
2016/07/20 Liquid Asset Brands
Provider/Global Beverage Investments
CapX
Lender
5 Revolver
2016/08/17 Lumber Liquidators
Retailer/Hardwood Flooring
BofA
Admin Agent
150 Revolver
Facility upsized from $100MM
2016/08/31 MACOM Technology Solutions
Producer/Semiconductor Technologies
Goldman Sachs
Admin Agent
250 Term Loan
2016/08/25 Mangrove Equity Partners
Private Equity Firm
TCF Capital Funding
Lender
15 Revolver
Supports acquisition of Dixie Diamond-Concut
2016/07/25 Manitex International
Provider/Specialized Engineering Equipment
The PrivateBank
Admin Agent
45 Revolver
Replaces previous facility
2016/09/22 Mesa Airlines
Provider/Regional Air Service
CIT Aerospace, Defense & Gov't Finance
Lender
35 Revolver
2016/07/19 Midwest Industrial Metals
Provider/Non-Ferrous Recycling
Siena Lending Group
Lender
6.5 ABL Revolver/Term Loan
2016/07/05 MTS Systems
Provider/Software Solutions
JPMorgan Chase
Admin Agent
560 $460MM Term Loan/$100MM Revolver
Supports acquisition of PCB Group
2016/09/21 Nations Fund
Provider/Equipment-Based Loans
Citizens Commercial
Jt Lead Arranger
300 Revolver
Jt lead arranger: Santander Bank
2016/07/18 North State
Provider/Telecommunications
BofA Merrill Lynch
Lead Arranger
75 Revolver/Term Loan
2016/08/26 OMNOVA Solutions
Manufacturer/Plastic Fabrications
Deutsche Bank
Admin Agent
350 Term Loan
Facility replaces existing $189MM Term Loan
2016/08/26 OMNOVA Solutions
Manufacturer/Plastic Fabrications
JPMorgan Chase
Lender
90 ABL Revolver
Facility downsized from $100MM
2016/09/30 On Semiconductor
Supplier/Semiconductor Products
Deutsche, Merrill, HSBC, BMO
Lead Arrangers
2400 Revolver
Facility upsized by $200MM
2016/08/21 Pancon
Manufacturer/Cable Connectors
Marquette Business Capital
Lender
5 Revolver
2016/07/28 Patrick Industries
Manufacturer/Component Products
Wells Fargo
Admin Agent
360 $270MM Revolver/$90MM Term Loan
Facility upsized from $250MM
2016/07/11 Pet Valu
Operator/Pet Supply Stores
Golub Capital
Admin Agent
605 Revolver
Supports merger with Pet Supermarket
2016/08/25 PetroQuest Energy
Producer/Oil & Natural Gas
JPMorgan Chase
Admin Agent
50 Term Loan
Lead arranger: J.P. Morgan Securities
2016/09/08 Photonic Capital
Provider/Lighting Solutions
Capstone Capital Group
Admin Agent
100 Revolver
2016/08/12 Plus Funding
Provider/Invoicing Services
Investors Bank
Lender
5 ABL Revolver
2016/09/06 Prime Window Systems
Manufacturer/Windows & Doors
Marquette Business Credit
Lender
11.68 ABL Revolver
2016/07/08 Quadrant 4 Systems
Provider/Digital healthcare Transformation
BMO Harris
Lender
25 Term Loan/Revolver
2016/08/01 Quanex Building Products
Manufacturer/OEM Products
Wells Fargo
Admin Agent
450 $300MM Revolver/$150MM Term Loan
Supports refi
2016/09/21 Radisys
Provider/Software & Services
Silicon Valley
Lender
55 Revolver
2016/08/17 RAE Energy
Provider/Oilfield Services
MidCap Business Credit
Lender
5 ABL Revolver
2016/09/06 Ranger Subsea
Provider/Oil & Gas
Siena Lending Group
Lender
15 Revolver
2016/08/26 Regional Management
Provider/Consumer Finance
BofA
Admin Agent
585 Revolver
Facility upsized from $538MM
2016/08/22 REIC
Provider/Equipment Rentals
PNC
Lender
79.5 Revolver/Term Loan
Supports multiple acquisitions
2016/07/18 Sabre
Provider/Global Technology
BofA Merrill Lynch
Admin Agent
1000 $600MM Term Loan/$400MM Revolver
2016/07/11 Salesforce
Provider/CRM Platform
BofA
Admin Agent
500 Term Loan
Supports acquisition of Demandware
2016/08/25 Security Partners
Provider/Monitoring Services
Citizens Commercial
Lender
15 Revolver
2016/07/06 Senseonics Holdings
Developer/Glucose Monitoring Products
Oxford, Silicon Valley
Lenders
30 Term Loan
2016/09/30 Solar Capital
BDC
Citibank
Admin Agent
555 Revolver
Facility upsized from $540MM
2016/08/03 Southwest Airlines
Provider/Airline Services
JPMorgan, Citibank
Admin Agents
1000 Revolver
2016/07/15 Springs Industries
Manufacturer/Window Coverings
BMO Harris
Admin Agent
125 Revolver
2016/08/05 StoneMor Partners
Operator/Cemeteries & Funeral Homes
Capital One
Admin Agent
210 Revolver
Facility upsized by $30MM
2016/07/27 Student Transportation
Provider/Student Transportation Services
BMO Harris
Lender
340 Term Loan
Facility upsized from $225MM
2016/08/08 Sunshine Heart
Provider/Heart Failure Treatments
Silicon Valley
Lender
5 Revolver
Supports acquisition of Aquadex Product line
2016/09/01 Synalloy
Holding Company
BB&T
Lender
45 ABL Revolver
Supports refi
2016/07/11 Taco Bell
Operator/Restaurant Chain
Citizens
Lender
22 Revolver
Supports refi
2016/07/14 The Sun Valley Group
Supplier/Cut Flowers
CIT Corporate
Lender
34 Revolver
Supports recap
2016/08/17 Thoma Bravo
Private Equity Firm
Ares Capital Management
Admin Agent
1075 Unitranche
Supports acquisition of Qlik
2016/09/13 Topgolf
Provider/Sports Entertainment
JPMorgan Chase
Admin Agent
275 $175MM Term Loan/$100MM Revolver
Jt lead arrangers: RBC Capital, SunTrust
2016/07/26 Trafigura Trading
Provider/Global Trading
MUFG
Admin Agent
3000 Revolver
Facility downsized from $3.5B
2016/08/29 True Temper
Manufacturer/Golf Club Shafts
BMO Harris
Admin Agent
27.5 ABL Revolver
2016/09/27 TTM Technologies
Manufacturer/Printed Circuit Boards
JPMorgan Chase
Admin Agent
200 ABL Revolver
2016/09/06 Valley Fine Foods
Manufacturer/Pastas & Sauces
MB Business Capital
Lender
32.9 ABL Revolver
2016/08/04 Vivint Solar
Provider/Solar Energy Systems
ING, SunTrust, Others
Arrangers
313 Term Loan
2016/08/03 Wellnext
Supplier.Nutritional Supplements
PNC
Lender
30 Revolver
2016/07/21 West Creek Financial
Provider/POS Financing
Victory Park Capital
Lender
25 Revolver
2016/09/07 Western Refining Logistics
Developer/Logistics Assets
Wells Fargo, Suntrust, Credit Agricole
Jt Lead Arrangers
500 Revolver
Facility upsized from $300MM
2016/07/01 WEX
Provider/Corporate Payment Solutions
BofA
Admin Agent
2100 Term Loan/Revolver
Supports acquisition of Electronic Funds Source
2016/07/01 White Star Petroleum
Provider/Oil Extraction Services
MUFG
Admin Agent
210 Term Loan
Supports acquisition of Devon Energy assets
2016/09/12 WireTech
Supplier/Industrial Steel Wire
Marquette Business Credit
Lender
14.1 $12MM ABL Revolver/$2.1MM Term Loan
2016/08/16 Xtrant Medical Holdings
Manufacturer/Orthopedic Products
Silicon Valley
Lender
11 Revolver
Facility upsized from $6MM
2016/08/30 Zavante Therapeutics
Developer/Therapeutics
Square 1
Lender
10 Revolver