Deal Charts

ABL Deal Chart 2016 Q4

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 10/01/16 through 12/31/16.

DATE BORROWER/INDUSTRY LENDER/ROLE AMOUNT STRUCTURE/NOTES
2016/10/27 84 Lumber
Supplier/Building Materials
Wells Fargo, PNC
Arrangers
700 $350MM Term Loan/$350MM Revolver
2016/12/02 A10 Networks
Provider/Application Networking
Silicon Valley Bank
Lender
25 Revolver
2016/12/05 AEA Investors
Private Investment Firm
Antares Capital
Admin Agent
735 Revolver
Supports acquisition of TricorBraun Holdings
2016/11/28 Air Waves
Provider/Garment Printing
MB Business Capital
Lender
9.32 ABL Revolver
2016/12/05 All Holding Company
Producer/Meat Products
Monroe Capital
Admin Agent
21.5 Term Loan
Facility supports recap
2016/10/17 Alliance One International
Distributor/Leaf Tobacco
Deutsche Bank
Admin Agent
60 ABL Revolver
Syndication agent: Wells Fargo
2016/11/01 Allied Motion Technologies
Manufacturer/Motion Control Components
HSBC
Admin Agent
125 Revolver
2016/12/06 Almost Family
Provider/Home Health Services
JPMorgan Chase
Admin Agent
350 Revolver
2016/11/17 Ameresco
Provider/Energy Management Solutions
BofA, Webster
Lenders
30 Term Loan
2016/10/04 American Alarm
Provider/Security Systems
Citizens Bank
Lender
25 Revolver
2016/11/09 AngioDynamics
Provider/Medical Devices
JPMorgan Chase
Admin Agent
250 $150MM Revolver/$100MM Term Loan
2016/11/29 Arctic Cat
Manufacturer/Snowmobiles & ATVs
BofA
Admin Agent
130 Revolver
2016/12/22 Array Biopharma
Manufacturer/Pharmaceuticals
Silicon Valley
Lender
15 Term Loan
2016/10/04 Ascent Capital Group
Holding Company
BofA
Admin Agent
1395 $1.1B Term Loan/$295MM Revolver
2016/12/28 ASV
Manufacturer/Steer Loaders
PNC
Lender
65 Unitranche
2016/10/25 AT&T
Provider/Telecommunications
JPMorgan Chase
Admin Agent
4000 Term Loan
Supports acquisition of Time Warner
2016/11/15 AT&T
Provider/Telecommunications
JPMorgan Chase
Admin Agent
10000 Term Loan
Supports acquisition of Time Warner
2016/10/13 Augusta Sportswear
Manufacturer/Sportswear
Antares Capital
Arranger
395 Term Loan
Replaces existing unitranche facility
2016/11/10 Axsome Therapeutics
Developer/Biopharmaceuticals
Silicon Valley Bank
Lender
20 Term Loan
2016/11/30 Bentley Laboratories
Manufacturer/Beauty & Pharmaceutical Products
Webster Bank
Lender
18 Revolver
2016/11/29 BioMarin Pharmaceuticals
Developer/Genetic Disorder Therapies
BofA
Admin Agent
100 Revolver
2016/11/02 Boeing
Manufacturer/Commercial Jetliners
Citibank
Admin Agent
2480 Revolver
Jt lead arranger: JPMorgan Chase
2016/12/28 Brewster
Provider/Travel Guidance
BMO Harris
Lender
38 Revolver
2016/11/07 Bridge2 Solutions
Provider/Technology Solutions
Silicon Valley Bank
Lender
37.5 Revolver
2016/10/27 Broadwind Energy
Provider/Integrated Solutions
The PrivateBank
Lender
20 ABL Revolver
2016/11/10 Camping World Holdings
Retailer/RVs
Goldman Sachs
Admin Agent
680 $645MM Term Loan/$35MM Revolver
Supports refi
2016/10/04 Capital Southwest
BDC
AloStar
Lender
20 Revolver
2016/10/17 CBS Radio
Provider/Radio Broadcasting
JPMorgan Chase
Admin Agent
1300 $1.06B Term Loan/$250MM Revolver
2016/11/07 Comprehensive Healthcare Systems
Provider/Healthcare Services
Alpine Capital
Lender
6 $5MM Term Loan/$1MM Revolver
2016/12/08 Consolidated Edison Company
Provider/Electric Services
BofA
Admin Agent
2250 Revolver
2016/10/05 Consolidation Communications
Provider/Business Communications
Wells Fargo Securities
Lead Arranger
110 Revolver
Facility upsized from $75MM
2016/10/27 Coty
Manufacturer/Beauty Products
JPMorgan Chase
Admin Agent
1070 Term Loan
Facility supports refi
2016/10/24 Danaher
Provider/Global Science & Technology
Morgan Stanley Senior Funding
Admin Agent
3000 Revolver
2016/11/07 Delaney Hardware
Distributor/Builders Hardware
TCF Capital Funding
Lender
17.5 Revolver
2016/12/22 DigitalGlobe
Provider/Commercial Geospatial
Barclays
Admin Agent
1475 Revolver
Supports refi
2016/10/31 Dominion Midstream Partners
Producer/Energy
RBC
Admin Agent
300 Term Loan
Supports acquisition of Questar Pipeline
2016/12/23 e.l.f Beauty
Manufacturer/Cosmetic Products
Bank of Montreal
Admin Agent
200 $165MM Term Loan/$35MM Revolver
2016/11/02 Earnest
Provider/Personal & Student Loans
Deutsche Bank
Lender
125 Revolver
2016/12/23 eMagin Corporation
Manufacturer/OLED Microdisplays
Rosenthal & Rosenthal
Lender
5 Revolver
2016/12/20 Encore Capital Group
Provider/Debt Management
SunTrust
Admin Agent
1200 Revolver/Term Loan
2016/11/01 Entercom Radio
Operator/Radio Stations
BofA
Admin Agent
540 $480MM Term Loan/$60MM Revolver
2016/12/22 Equinix
Provider/IBX Data
BofA
Admin Agent
3600 Revolver/Term Loan
2016/11/03 Excel
Provider/Financial Processing Services
Great American Capital Partners
Lender
25 Term Loan
2016/12/02 Famous Dave's
Operator/Barbeque Restaurants
Venture Bank
Lender
11 Revolver
2016/12/12 FFL Partners
Private Equity Firm
Antares, Lstar
Lead Arrangers
186.5 Unitranche
Supports acquisition of Crisis Prevention Institute
2016/12/21 Fiber Materials
Manufacturer/Aerospace Materials
NBH Capital Finance
Lender
11.1 Revolver
2016/12/06 First Bancshares
Provider/Personal & Commercial Banking
First Tennessee
Lender
20 Revolver
2016/10/12 Frontier Communications
Provider/Telecommunications
CoBank
Admin Agent
315 Term Loan
Facility used to repay existing term loan
2016/10/18 Goode Partners
Private Equity Firm
Monroe Capital
Admin Agent
32.5 Revolver
Supports acquisition of Forman Mills
2016/12/01 Goodnight Midstream
Provider/Fluids Management Services
ABN AMRO
Lead Arranger
105 Revolver
Syndicates: Texas Capital, East West Bank, Cadence Bank
2016/11/29 Heidtman Steel
Provider/Steel Products
WFCF
Arranger
185 Revolver
2016/12/14 HomTex
Manufacturer/Bedding Products
MB Business Capital
Lender
17.3 Revolver
2016/10/27 Hoosier
Manufacturer/Medical Implant Technology
Pacific Mercantile
Lender
6.8 Revolver/Term Loan
2016/11/15 Huntsman International
Manufacturer/Differentiated Chemicals
JPMorgan Chase
Admin Agent
1725 Term Loan
2016/12/22 Innophos Holdings
Producer/Specialty Ingredient Solutions
Wells Fargo
Admin Agent
450 Revolver
Facility upsized from $325MM
2016/12/30 Innospec
Manufacturer/Specialty Chemicals
Lloyds
Admin Agent
310 $200MM Revolver/$110MM Term Loan
2016/12/07 Integra LifeSciences Holdings
Manufacturer/Medical Devices
BofA
Admin Agent
1500 $1B Revolver/$500MM Term Loan
Facility upsized from $1.1B
2016/10/31 Intrepid Potash
Producer/Potash
BMO
Lender
35 Revolver
2016/11/04 Jamba Juice
Retailer/Smoothies
Cadence Bank
Admin Agent
10 Revolver
2016/11/16 Katy Industries
Holding Company
Encina Business Credit
Lender
31.5 Term Loan/ABL Revolver
2016/11/17 LiftForward
Provider/Financing Solutions
Monroe Capital
Admin Agent
100 Revolver
2016/10/04 Macquarie Infrastructure
Operator/Infrastructure Businesses
Wells Fargo, JPMorgan, Others
Lead Arrangers
750 $400MM Term Loan/$350MM Revolver
Supports refi of Atlantic Aviation
2016/12/01 Material Handling Services
Provider/Management Services
NXT Capital
Admin Agent
175 Revolver
Supports acquisition of National Glass & Gate Services
2016/12/08 Medspace
Developer/Medical Devices
Wells Fargo
Admin Agent
315 $165MM Term Loan/$150MM Revolver
2016/10/24 Meritage Hospitality Group
Operator/Restaurants
City National
Syndication Agent
97 Revolver
Supports acquisition of Wendy's
2016/11/22 Mylan
Provider/Pharmaceuticals
BofA
Admin Agent
2000 Revolver
2016/12/28 Myriad Genetics
Provider/Molecular Diagnostics
JPMorgan Chase
Admin Agent
300 Revolver
2016/11/04 Navigators Group
Holdign Company
ING
Admin Agent
214 Revolver
Replaces previous facility
2016/12/21 NeoGenomics
Provider/Information Services
Regions Bank
Admin Agent
150 $75MM Revolver/$75MM Term Loan
2016/11/15 NICE Systems
Provider/Contact Center Applications
JPMorgan Chase
Admin Agent
550 $475MM Term Loan/$75MM Revolver
Supports acquisition of inContact
2016/10/04 Nielsen Holdings
Provider/Global Information
Citibank
Admin Agent
2300 Term Loan
Lead arrangers: Citigroup Global Markets, JPMorgan Chase
2016/11/28 NiSource
Provider/Natural Gas
Barclays
Admin Agent
1850 Revolver
Facility upsized by $350MM
2016/10/28 Nobilis Health
Provider/Healthcare Management
Compass Bank
Admin Agent
82.5 $52.5MM Term Loan/$30MM Revolver
2016/11/07 Northern Vertex Mining
Developer/Mineral Properties
Sprott Lending
Lender
20 Revolver
2016/10/16 NV5 Global
Provider/Professional & Technical Engineering
BofA
Admin Agent
140 Revolver
2016/12/07 NV5 Global
Provider/Engineering Consultation
BofA
Admin Agent
80 Revolver
2016/10/17 Nvidia
Provider/American Technology
Wells Fargo
Admin Agent
75 Revolver
2016/10/26 Omeros
Developer/Pharmaceuticals
CRG Servicing
Admin Agent
125 Term Loan
2016/12/09 OnDeck
Provider/Online Business Loans
Credit Suisse
Lender
200 ABL Revolver
2016/12/21 OSI Systems
Manufacturer/Electronic Systems
Wells Fargo
Admin Agent
525 Revolver
Facility upsized from $450MM
2016/10/04 Oxford Immunotec
Developer/Proprietary Tests
MidCap Financial
Lender
40 $30MM Term Loan/$10MM Revolver
2016/10/11 Palladium Equity Partners
Private Equity Firm
Antares Capital
Admin Agent
121.6 Revolver
Supports acquisition of Del Real Foods
2016/10/25 Palm Garden Healthcare
Operator/Home Care Agancies
Capital One
Admin Agent
162.5 Term Loan/ABL Revolver
2016/10/24 Pantheon International
Private Equity Firm
RBS, Lloyds
Arrangers
141.9 Revolver
Facility upsized by $61.2MM
2016/11/29 Par Technology
Provider/POS Systems
JPMorgan Chase
Lender
15 Revolver
2016/10/18 PetroQuest Energy
Provider/Oil & Gas
Wells Fargo
Admin Agent
50 Term Loan
2016/11/10 Planet Fitness
Operator/Fitness Centers
JPMorgan Chase
Admin Agent
793.45 $718.45MM Term Loan/$75MM Revolver
Facility upsized by $230MM
2016/11/29 Platte River Equity
Private Equity Group
Abacus Finance Group
Admin Agent
20.5 Revolver
Supports acquisition of In-Place Machining
2016/12/06 PlayMonster
Manufacturer/Toys & Games
MB Business Capital
Lender
23.5 Revolver
2016/12/23 Plug Power
Manufacturer/Hydrogen & Fuel Cell Technology
NY Green Bank
Lender
25 Revolver
2016/12/22 Praxis Energy Agents
Provider/Trading Services
Bibby Financial Services
Lender
5 Revolver
2016/11/21 Prime Healthcare Foundation
Operator/Non-Profit Hospitals
BBVA Compass
Lender
160 Revolver
Facility includes optional $50MM accordion
2016/11/30 Pritzker Group
Private Equity Group
Antares Capital
Admin Agent
1120 Revolver
Supports acquisition of ProAmpak
2016/10/24 Quantum
Provider/Digital Solutions
PNC, TCW Direct
Lenders
170 $100MM Revolver/$70MM Term Loan
2016/12/13 Rauch Industries
Distributor/Christmas Materials
KeyBank
Lender
6 Revolver
2016/10/12 REG Grays Harbor
Producer/Biofuels
Umpqua Bank
Lender
5 Term Loan
2016/10/18 Renew Financial
Provider/Clean Energy Finance
Natixis
Admin Agent
200 Revolver
2016/10/04 Renewable Energy Group
Producer/Renewable Chemicals
WFCF, Fifth Street
Lenders
150 Revolver
Facility upsized from $60MM
2016/10/18 Resources Connection
Provider/Staffing Services
BofA
Lender
120 Revolver
2016/10/25 Riesbeck's Food Markets
Operator/Grocery Stores
Citizens Commercial Banking
Lender
20 Revolver
2016/10/04 Ritzman Pharmacies
Operator/Pharmacies
AloStar
Lender
6.3 Revolver
2016/11/01 Sears Hometown & Outlet Stores
Retailer/Home Appliances
BofA
Admin Agent
250 Revolver
2016/10/26 Select Brands
Developer/Kitchen Appliances
MidCap Financial
Lender
12 Revolver
2016/10/26 Select Rehabilitation
Provider/Therapy Services
Capital One
Lead Arranger
156 $126MM Term Loan/$30MM ABL Revolver
2016/11/16 Semtech
Supplier/Semiconductors
HSBC
Admin Agent
400 $250MM Revolver/$150MM Term Loan
2016/11/15 SIFCO Industries
Provider/Aerospace Components
KeyBank
Admin Agent
39.9 $35MM Revolver/$4.9MM Term Loan
2016/11/28 SiteOne Landscape Supply
Distributor/Landscape Supplies
UBS AG
Admin Agent
673 Term Loan
Facility upsized by $274MM
2016/10/11 Smart Chemical Services
Manufacturer/Chemical Products
MB Business Capital
Lender
14 Revolver
2016/12/14 Smart Sand
Supplier/Sand & Gravel
Jefferies Finance
Admin Agent
45 Revolver
2016/11/28 Sorrento Therapeutics
Developer/Cancer Treatments
Hercules Capital
Lender
75 Term Loan
2016/10/27 Southeast Aluminum Products
Manufacturer/Bath Enclosures
MB Business Capital
Lender
10.5 Revolver
Facility supports refi
2016/10/04 Spectra Energy Capital
Distributor/Natural Gas
Citibank
Admin Agent
2000 Revolver
2016/12/20 Spin Master
Provider/Children's Entertainment
HSBC
Admin Agent
510 Revolver
Facility upsized from $280MM
2016/10/03 Sprout Organic Foods
Provider/Premium Organic Foods
Bibby Financial Services
Lender
5.5 ABL Revolver
2016/12/22 Spruce Finance
Provider/Residential Financing
Investec, SVB
Lead Arrangers
105.4 Revolver
2016/12/19 Stage Store
Operator/Department Stores
Wells Fargo
Admin Agent
450 Revolver
Facility upsized from $350MM
2016/11/02 Sysco
Provider/Food Service
JPMorgan Chase
Admin Agent
2000 Revolver
Facility upsized from $1.5B
2016/11/17 T2Computing
Provider/Technology Hardware Services
Blue Hills Bank
Lender
10 ABL Revolver
2016/10/19 Talen Energy Supply
Provider/Wholesale Power
Goldman Sachs, RBC, Others
Arrangers
600 Term Loan
2016/10/04 Tesoro
Marketer/Petroleum Products
JPMorgan Chase
Lead Arranger
2000 Revolver
Replaces previous $3B ABL facility
2016/12/01 Tessera Holding
Holding Company
RBC
Admin Agent
600 Term Loan
2016/10/03 Tiger Rental
Provider/Equipment Rental
JPMorgan Chase
Placement Agent
135 $110MM Term Loan/$25MM Revolver
Co-arranger: Orion Energy Partners
2016/12/30 T-Mobile USA
Operator/Wireless Networks
Deutsche Telekom
Admin Agent
3160 Revolver/Term Loan
2016/12/14 TVA Medical
Developer/Medical Therapies
Square 1
Lender
7 Revolver
2016/11/16 Upland Software
Provider/Work Management Solutions
WFCF, CIT
Arrangers
90 Revolver
2016/10/14 Vantiv
Provider/Payment Processing
JPMorgan Chase
Admin Agent
3880 $3.23B Term Loan/$650MM Revolver
2016/11/29 Vector Security
Provider/Security Solutions
PNC
Admin Agent
300 Revolver
Jt arrangers: BofA Merrill Lynch, Citizens
2016/10/13 Vertex Pharamaceuticals
Manufacturer/Pharmaceuticals
BofA
Admin Agent
500 Revolver
Facility supports refi
2016/11/28 Windstream Holdings
Provider/Network Communications
JPMorgan, Others
Lenders
600 Term Loan
2016/11/10 Winnebago Industries
Manufacturer/RVs
JPMorgan
Arranger
425 $300MM Term Loan/$125MM ABL Revolver
Supports acquisition of Grand Design RV
2016/10/27 World Fuel Services
Provider/Fuel Product Financing
BofA
Admin Agent
2100 Revolver/Term Loan
Jt lead arrangers: BofA Merrill Lynch, HSBC & Wells Fargo