Deal Charts

ABL Deal Chart 2017 Q1

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 01/01/17 through 03/31/17.

DATE BORROWER/INDUSTRY LENDER/ROLE AMOUNT STRUCTURE/NOTES
2017/03/15 Alaska Communications Systems Holdings
Provider/Telecommunications
ING Capital
Admin Agent
195 Term Loan/Revolver
2017/03/07 Arch Coal
Producer/Coal
Credit Suisse
Admin Agent
300 Term Loan
Facility upsized from $250MM
2017/03/30 Archrock Partners
Provider/Natural Gas Services
JPMorgan Chase
Admin Agent
1100 ABL Revolver
2017/01/18 Argonaut Manufacturing Services
Provider/Contract Manufacturing
Square 1
Lender
5 Revolver
2017/02/28 AstroNova
Provider/Data Visualization Technology
Bank of America
Lender
19.2 $10MM Revolver/$9.2MM Term Loan
2017/02/28 Atrion
Provider/IT Services
Wells Fargo
Lender
75 Revolver
2017/03/27 Axis Auto Finance
Provider/Auto Finance Solutions
Royal Capital Management
Lender
40 Revolver
2017/03/24 AZZ
Provider/Galvanizing Services
BofA
Admin Agent
450 Revolver
2017/01/27 Bechtel
Provider/Engineering Management
GE Capital Energy Financial
Admin Agent
1000 Revolver
2017/01/03 Blonder Tongue Laboratories
Provider/System Operators
Sterling National
Lender
8.5 5MM ABL Revolver/$3.5MM Term Loan
2017/02/17 Blue Nile
Retailer/Jewelry
Goldman Sachs
Admin Agent
185 Term Loan
2017/03/06 Blue Wolf Capital Partners
Private Equity Firm
CIT Healthcare Finance
Jt Lead Arranger
275.3 Revolver
2017/01/05 Boart Longyear
Provider/Mineral Exploration
Centerbridge Partners
Lender
20MM Revolver
2017/02/21 Bonamar
Distributor/Seafood Products
Santander Bank
Lender
30 ABL Revolver
2017/02/02 Bristow U.S.
Provider/Industrial Aviation Services
Macquarie Bank
Admin Agent
200 Term Loan
2017/01/31 Carbonite
Provider/Data Protection Solutions
Silicon Valley
Lender
39.2 Revolver
2017/03/31 Carpenter Technology
Producer/Specialty Alloys
BofA, JPMorgan Chase
Lead Arrangers
400 Revolver
2017/01/31 Chewy
Retailer/Online Pet Products
WFCF
Lead Arranger
90 Revolver
2017/01/16 Clearview Capital
Private Equity Firm
TCF Capital
Admin Agent
28.3 Revolver
Supports refi
2017/01/20 Cogint
Provider/Data & Analytics
Whitehorse Finance
Admin Agent
15 Term Loan
2017/03/16 Conagra Brands
Manufacturer/Food Products
BofA
Admin Agent
1250 Revolver
Supports acquisition of Thanasi Foods
2017/01/09 Conifex Timber
Manufacturer/Lumber Products
WFCF Canada
Lead Arranger
130 Revolver
2017/01/03 CXM
Manufacturer/Engineered Copper
Presidential Financial
Lender
6.5 Term Loan
2017/01/24 David Webb
Retailer/Premium Jewelry
Citizens Commercial Banking
Admin Agent
20 ABL Revolver
2017/01/06 Deluxe Financial Services
Provider/Check Printing Services
JPMorgan Chase
Admin Agent
330 Term Loan
Facility upsized by $130MM
2017/01/05 Dex Media
Provider/Business & Marketing Solutions
Wells Fargo, PNC
Lenders
150 Revolver
2017/01/31 Eagle Pharmaceuticals
Manufacturer/Pharmaceuticals
JPMorgan Chase
Admin Agent
50 Revolver
2017/01/09 Endotronix
Provider/Digital Health Solutions
Silicon Valley
Lender
12 Term Loan
2017/02/03 Energy Transfer Equity
Operator/Natural Gas Pipelines
Credit Suisse
Admin Agent
2200 Term Loan
2017/03/20 FactSet
Provider/Financial Research Solutions
PNC Bank
Admin Agent
575 Revolver
Supports acquisition of BISAM Technologies
2017/01/31 Garber Bros.
Distributor/Grocery Products
Citizens Commercial
Lender
20 ABL Revolver
2017/01/11 Gibraltar Capital Advance
Provider/Cash Advances
Crystal Financial
Lender
26 Revolver
2017/01/06 Global Eagle Entertainment
Provider/Satellite-Based Connectivity
Citibank
Admin Agent
585 $500MM Term Loan/$85MM Revolver
Supports refi
2017/02/09 Gray Television
Provider/News & Entertainment
Wells Fargo
Admin Agent
665 $565MM Term Loan/$100MM Revolver
2017/01/06 Great Lakes Dredge & Dock
Provider/Dredging Services
PNC Bank
Admin Agent
250 Revolver
2017/01/04 GSE Systems
Provider/Engineering Solutions
Citizens
Lender
5 Revolver
2017/01/09 GTT Communications
Provider/Network Connectivity Solutions
KeyBank
Admin Agent
775 $700MM Term Loan/$75MM Revolver
Supports acquisition of Hibernia
2017/02/14 Hawaiian Telcom Communications
Provider/Telecommunications
CoBank
Admin Agent
330 Revolver/Term Loan
2017/02/15 Herbalife
Provider/Nutrition Products
Credit Suisse, Rabobank
Admin Agent
1450 $1.3B Term Loan/$150MM Revolver
2017/02/13 Identiv
Provider/Physical Security
East West Bank, WTI
Lenders
20 $10MM ABL Revolver (EWB)/$10MM Term Loan (WTI)
2017/03/03 Innovative Flexpak
Provider/Packaging Services
MB Business Capital
Lender
13.4 Revolver
2017/03/14 Invuity
Provider/Medical Technology
MidCap Financial
Lender
30 Term Loan
2017/02/15 Kinderhook Industries
Private Investment Firm
Antares Capital
Admin Agent
115 Revolver
Supports acquisition of Performance Motorsports International
2017/02/17 Koppers
Producer/Carbon Compounds
PNC Bank
Admin Agent
400 Revolver
2017/01/10 Land Supply
Manufacturer/Metal Structures
MB Business Capital
Lender
8 Revolver
2017/03/10 Lantheus Holdings
Provider/Medical Imaging Solutions
JPMorgan Chase
Admin Agent
550 $275MM Term Loan/$75MM Revolver
2017/01/05 LightPath Technologies
Manufacturer/Optical & Infrared Components
Avidbank Specialty Finance
Lender
5 Term Loan
2017/01/10 Magellan Health
Provider/Behavioral Health Services
Bank of Tokyo, Others
Syndication Agent
200 Term Loan
Syndicate: Citigroup, Compass, JPMorgan, Suntrust, Wells Fargo
2017/03/01 Metal Partners
Distributor/Steel Products
BMO Harris
Lender
57 ABL Revolver
2017/01/09 Mill City Capital
Private Equity Firm
Abacus Finance Group
Admin Agent
14.5 Revolver
Supports acquisition of Behrens Manufacturing
2017/03/09 Mitel
Provider/Enterprise Communications
Citizens Bank
Admin Agent
500 $350MM Revolver/$150MM Term Loan
2017/03/28 Navigant Consulting
Provider/Business management Consulting
BofA
Admin Agent
400 Revolver
2017/01/30 NEJ
Provider/Inventory Solutions
Citizens Commercial
Lender
30 ABL Revolver
2017/01/16 North Shore Healthcare
Operator/Nursing Facilities
Alpine Capital
Admin Agent
5 ABL Revolver
2017/01/10 Novelis
Producer/Rolled Aluminum Products
Standard Charter Bank
Admin Agent
1800 Term Loan
Supports refi
2017/03/08 Nyack Hospital
Operator/Acute Medical Care Facility
Gemino Healthcare Finance
Lender
20 ABL Revolver
2017/03/22 OnDeck
Provider/Online Lending
Deutsche Bank
Lender
214 ABL Revolver
Facility upsized by $52MM
2017/02/08 Peabody Energy
Producer/Coal
JPM, Goldman, Credit Suisse
Jt Lead Arrangers
950 Term Loan
Facility upsized from $500MM
2017/01/19 Penn National Gaming
Operator/Gaming & Racing Facilities
Bank of America
Admin Agent
1500 $800MM Term Loan/$700MM Revolver
2017/02/14 PM Plastics
Provider/Plastic Injection Moldings
North Mill Capital
Lender
9.5 $8.5MM Revolver/$1MM Term Loan
2017/02/16 Prairie Dog Pet Products
Manufacturer/Pet Treats
Presidential Financial Corp
Lender
10 Term Loan
2017/02/27 Quest Resource Holding
Provider/Business Management Programs
Citizens Bank
Admin Agent
22 Revolver
2017/03/14 Real Industry
Provider/Technology Education
BofA
Admin Agent
110 ABL Revolver
2017/01/23 Ronile and Bacova Guild
Manufacturer/Dyed & Processed Yarn
MidCap Business Credit
Lender
6.6 ABL Revolver
2017/02/02 Ruth's Hospitality Group
Operator/Fine-Dining Restaurants
Wells Fargo
Admin Agent
90 Revolver
2017/02/13 SandRidge Energy
Producer/Oil & Natural Gas
RBC
Admin Agent
600 Revolver
2017/01/04 Satori Waters
Provider/Rehabilitation Services
Alpine Capital
Admin Agent
7.2 $5MM Revolver/$2.2MM Term Loan
2017/03/13 Sonoco Products
Provider/Consumer Packaging
BofA
Lender
150 Term Loan
Supports acquisition of Packaging Holdings
2017/03/06 Spectrum Brands Holdings
Provider/Consumer Products
Deutsche Bank
Admin Agent
700 Revolver
Facility upsized from $500MM
2017/02/06 Sprint Communications
Provider/Telecommunications
JPMorgan Chase
Admin Agent
6000 $4B Term Loan/$2B Revolver
Replaces existing revolver
2017/01/03 Summit Park
Private Equity Firm
NXT Capital
Admin Agent
35 Revolver
Supports acquisition of Arkive Information Management
2017/03/15 SunLink
Provider/Solar Power Engineering
Heritage Bank of Commerce
Lender
10 Revolver
2017/02/24 Superior Uniform Group
Manufacturer/Uniforms
BB&T
Lender
95 $42MM Term Loan/$35MM Revolver
2017/01/05 T2 Biosystems
Developer/Diagnostic Products
CRG
Lender
50 Term Loan/Revolver
2017/03/15 Taylor Metal
Manufacturer/Metal Roofing
MB Business Capital
Lender
9.5 Revolver
2017/02/02 Terex
Manufacturer/Material Processing Products
Credit Suisse
Admin Agent
850 $450MM Revolver/$400MM Term Loan
2017/01/19 T-Mobile USA
Provider/Telecommunications
Deutsche Telekom
Admin Agent
4000 Term Loan
2017/03/10 Tower International
Producer/Structural Components
JPMorgan Chase
Admin Agent
200 Revolver
2017/01/19 Trans World Entertainment
Retailer/Entertainment Merchandise
WFCF
Lead Arranger
75 Revolver
2017/02/01 TRC Companies
Provider/Integrated Services
Citizens Bank
Lead Arranger
250 Revolver
2017/03/14 Trinity Acquisition
Provider/Insurance Brokerage Services
Barclays Bank
Admin Agent
1250 Revolver
2017/03/28 Tri-State Iron & Metal
Provider/Metal Recycling
MB Business Capital
Lender
15.5 Revolver
2017/02/17 Turning Point Brands
Provider/Tobacco Products
Fifth Third
Admin Agent
250 Revolver/Term Loan
2017/03/28 United Airlines
Provider/Airline Services
JPMorgan Chase
Admin Agent
3500 $2B Revolver/$1.5B Term Loan
2017/01/20 Univar
Distributor/Specialty Chemicals
Bank of America
Lender
2200 Term Loan
2017/03/15 Unum Therapeutics
Developer/Biopharmaceuticals
Square 1
Lender
15 Revolver
2017/02/08 Vertex Energy
Manufacturer/Hydrocarbon Products
Encina Business Credit
Lender
30 Revolver/Term Loan
2017/02/22 W.P. Carey
Provider/Financial Solutions
BofA
Admin Agent
1796 $1.5B Revolver/$296MM Term Loan
2017/02/02 Walgreens Boots Alliance
Operator/Pharmaceutical Companies
JPMorgan Chase
Admin Agent
1000 Revolver
2017/01/23 Willdan Group
Provider/Consulting Services
BMO Harris
Admin Agent
35 Revolver
2017/02/21 Wireless Telecom Group
Manufacturer/RF Products
Bank of America
Lender
9.7 $9MM Revolver/$760K Term Loan
Supports acquisition of CommAgility
2017/03/07 Wood-Mode
Manufacturer/Custom Cabinets
MidCap Financial
Lender
13.5 Revolver
2017/02/14 Yes To
Developer/Natural Beauty Products
Avidbank Specialty Finance
Lender
8 ABL Revolver