Deal Charts

ABL Deal Chart 2017 Q2

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 04/01/17 through 06/30/17.

DATE BORROWER/INDUSTRY LENDER/ROLE AMOUNT STRUCTURE/NOTES
2017/06/22 Advanced Drainage Systems
Manufacturer/Polyethylene Pipes
PNC
Admin Agent
550 Revolver
Jt lead arrangers; PNC, Citizens, Fifth Third
2017/04/06 Aero Precision
Manufacturer/Metal Components
MB Business Capital
Lender
23 Revolver
2017/06/26 Aimbridge Hospitality
Operator/Hotels
Golub Capital
Admin Agent
255 GOLD Facility
Supports refi
2017/06/22 American Renal Holdings
Provider/Dialysis Services
SunTrust Bank
Admin Agent
540 $440MM Term Loan/$100MM Revolver
Supports refi
2017/04/11 Apache Industrial Services
Provider/Industrial Services
PNC Bank
Admin Agent
100 Revolver
2017/04/26 Arris International
Manufacturer/Telecommunications Equipment
BofA
Admin Agent
5450 Term Loan
2017/05/17 Ashland Global
Provider/Health & Wellness Products
Scotiabank
Admin Agent
1180 $680MM Revolver/$500MM Term Loan
Supports acquisition of Pharmachem Laboratories
2017/05/22 Blucora
Provider/Financial Solutions
Credit Suisse
Admin Agent
425 $375MM Term Loan/$50MM Revolver
Jt lead arrangers: Key Bank, SunTrust Robinson Humphrey
2017/05/31 Blue Buffalo Pet Products
Manufacturer/Pet Food
Citibank
Admin Agent
520 $400MM Term Loan/$120MM Revolver
Supports refi
2017/04/04 Caesars Entertainment
Provider/Gaming Entertainment
Credit Suisse
Admin Agent
1430 $1.235B Term Loan/$200MM Revolver
2017/04/25 Caprock Midstream
Principal Investment Firm
AB Private Credit Investors
Admin Agent
120 Term Loan
2017/05/09 Castle Biosciences
Provider/Diagnostic Testing
Oxford, Silicon Valley
Lenders
20 Term Loan
2017/04/03 Castlight Health
Provider/Health Benefits Platform
Silicon Valley Bank
Lender
25 Revolver
2017/05/02 Celadon Group
Provider/Transport & Logistics
BofA
Admin Agent
225 ABL Revolver
2017/04/20 Cerapedics
Developer/Orthopedic Treatment Products
Oxford Finance
Lender
20 Term Loan
2017/04/14 Commercial Vehicle Group
Supplier/Construction Cab Systems
Bank of America
Admin Agent
175 Term Loan
2017/06/23 Digirad
Provider/Mobile Healthcare Solutions
Comerica Bank
Lender
25 Revolver
Replaces previous facility with Wells Fargo
2017/04/26 DynTek
Provider/Technology Services
WFCF
Lender
50 Revolver
2017/04/03 Elastic Fabrics of America
Manufacturer/Specialty Fabrics
Gibraltar Business Capital
Lender
8 ABL Revolver
2017/04/18 Eldorado Resorts
Provider/Casino Gaming
JPMorgan Chase
Admin Agent
1750 $1.45B Term Loan/$300MM Revolver
2017/05/25 Emerald Expositions
Operator/Trade Shows
BofA
Admin Agent
715 $565MM Term Loan/$150MM Revolver
Supports refi
2017/04/04 Endologix
Manufacturer/Aortic Disorder Treatments
Deerfield Management
Lender
170 $120MM Term Loan/$50MM ABL Revolver
2017/04/19 ENGS Commercial Finance
Provider/Financing Solutions
Bank of Montreal
Admin Agent
75 ABL Revolver
2017/05/09 Everi Payments
Provider/Payment Solutions
Jefferies
Admin Agent
855 $820MM Term Loan/$35MM Revolver
Supports refi
2017/05/09 Everspin Technologies
Manufacturer/Magnetic RAM
Silicon Valley Bank
Lender
12 Revolver
2017/06/19 Fortress Transportation & Infrastructure
Provider/Transportation Equipment
JPMorgan Chase
Admin Agent
75 Revolver
Jt lead arrangers; JPMorgan, Barclays
2017/06/19 GA Telesis
Provider/Integrated Aviation Solutions
HSBC Securities USA
Admin Agent
225 ABL Revolver
Jt lead arrangers; HSBC, Fifth Third Bank
2017/04/07 GEE Group
Provider/Staffing Solutions
PNC, MGG
Arrangers
73.8 Term Loan/Revolver
2017/04/04 Gibraltar Business Capital
Provider/Financial Planning Services
WFCF, Signature, Crystal
Arrangers
101 Revolver
2017/04/04 Godshalls Quality Meats
Producer/Meat Products
Citizens Commercial Banking
Lender
55 Revolver
2017/04/28 Green Plains
Producer/Ethanol
Bank of the West, ING
Lenders
200 Revolver
Facility upsized from $100MM
2017/06/09 Gulf Island Fabrication
Manufacturer/Marine Vessels
Whitney Bank
Admin Agent
40 Revolver
Replaces previous agreement with JPMorgan Chase
2017/04/19 H.B. Fuller Company
Manufacturer/Industrial Adhesives
JPMorgan Chase
Admin Agent
500 $400MM Revolver/$100MM Term Loan
Syndicates: U.S. Bank, Citibank, Morgan Stanley MUFG
2017/05/18 Halo Pet Food
Manufacturer/Pet Food
Siena Lending Group
Lender
5 ABL Revolver
2017/04/19 Harte Hanks
Provider/Marketing Solutions
Texas Capital Bank
Lender
20 Term Loan
2017/04/18 Hightower
Provider/Financial Services
BMO Capital Markets
Admin Agent
245 Revolver
2017/06/15 Hornbeck Offshore Services
Supplier/Offshore Transport
Wilmington Trust
Admin Agent
300 Revolver
Supports refi
2017/05/18 ICF
Provider/Consulting & Technology Services
PNC Bank
Admin Agent
900 Revolver
Jt lead arrangers: Citizens Bank, Wells Fargo Securities
2017/06/21 Intense Cycles
Manufacturer/Mountain Bikes
Ares Commercial Finance
Lender
7 ABL Revolver
Supports refi
2017/06/06 Interactive Health
Provider/Wellness Solutions
Pacific Mercantile Bank
Lender
12.5 Term Loan
Supports growth of Human Touch & Relax the Back
2017/06/22 International Seaways
Provider/Energy Transportation Services
Jefferies, JPMorgan
Lead Arrangers
550 $500MM Term Loan/$50MM Revolver
Supports refi
2017/04/21 Intersections
Provider/Identity Risk Management
PEAK6 Investments
Lender
20 Term Loan
2017/05/17 J & E Manufacturing
Manufacturer/Precision Metal Components
MB Business Capital
Lender
5 Revolver
Supports acquisition of Leaf Industries
2017/06/20 JCPenney
Retailer/Clothing & Home Goods
Wells Fargo, Others
Arrangers
2350 ABL Revolver
Jt lead arrangers; BofA, JPMorgan, Barclays, Goldman Sachs
2017/05/01 KEMET
Supplier/Electronic Components
BofA
Admin Agent
345 Term Loan
2017/04/07 KeyW
Provider/Engineering & Technology Solutions
RBC
Admin Agent
185 $135MM Term Loan/$50MM Revolver
2017/05/25 Kforce
Provider/Staffing Services
Wells Fargo
Admin Agent
300 Revolver
Co-documentation agents: Regions Bank, BMO Harris
2017/06/15 KMG
Provider/Chemicals
KeyBank
Admin Agent
600 $550MM Term Loan/$50MM Revolver
Supports acquisition of Flowchem
2017/04/26 Lilis Energy
Producer/Oil & Gas
Varde Partners
Lender
140 Term Loan
2017/04/07 Lincoln Educational Services
Provider/Vocational Programs
Sterling National Bank
Lender
55 Revolver
2017/05/15 LKCM Headwater Investments
Private Investment Firm
NXT Capital
Admin Agent
116 Revolver
Supports acquisition of TestEquity
2017/06/20 MediaAlpha
Provider/Online Advertising
Bridge Bank
Lender
20 Term Loan
2017/06/06 Mersino Management
Provider/Pumping & Dewatering Solutions
Great Rock Capital
Lender
20 Revolver
Facility used to expand core businesses
2017/04/20 Monomoy Capital Partners
Private Investment Firm
LBC Credit Partners
Admin Agent
56 Term Loan
Supports acquisition of Klaussner Home Furnishings
2017/04/27 Motorola Solutions
Provider/Telecommunications Services
JPMorgan Chase
Admin Agent
2200 Revolver
2017/05/04 mPulse Mobile
Provider/Mobile Health Solutions
Square 1
Lender
5 Revolver
2017/04/25 Oberfields
Manufacturer/Concrete Masonry Products
MB Business Capital
Lender
13 Revolver
2017/04/11 OL International
Provider/Cargo Transportation
Santander Bank
Lender
10 Revolver
2017/04/11 Organogenesis
Manufacturer/Regerative Medicine
SVB
Lender
25 Revolver
2017/06/27 Owen Security
Provider/Alarm Products
Capital One
Lender
5 Revolver
Capital One also provided $150K commercial card line
2017/06/08 Owens Corning
Producer/Insulation & Roofing Products
Wells Fargo
Admin Agent
350 Term Loan
2017/06/29 Phibro Animal Health
Manufacturer/Animal Health Pharmaceuticals
BofA
Admin Agent
500 $250MM Term Loan/$250MM Revolver
Jt lead arrangers; Merrill Lynch, Rabobank
2017/05/10 Pilgrim's Pride
Operator/Chicken Processing Plants
Rabobank
Admin Agent
750 Revolver
2017/05/09 PRO Unlimited
Provider/Software & Managed Services
Citizens Commercial Banking
Lender
450 ABL Revolver
2017/05/08 PTC Therapeutics
Manufacturer/Pharmaceuticals
MidCap Financial
Admin Agent
60 Term Loan
2017/06/14 Radiant Logistics
Provider/Transportation Services
BofA, BMO
Lenders
75 Revolver
Replaces previous $65MM facility, includes $50MM accordion
2017/04/24 Radio One
Provider/Digital Communications
Guggenheim
Admin Agent
350 Term Loan
2017/04/03 Reata Pharmaceuticals
Manufacturer/Biopharmaceuticals
Oxford Finance, SVB
Lead Arrangers
35 Revolver
2017/04/14 Resource Label Group
Manufacturer/Household Product Lables
NXT Capital
Admin Agent
29 Revolver
2017/04/27 Results Physiotherapy
Provider/Outpatient PT Services
Golub Capital
Admin Agent
71 Revolver
2017/04/21 REV Group
Manufacturer/Specialty Vehicle Brands
Ally Bank
Admin Agent
450 $350MM ABL Revolver/$75MM Term Loan
Supports acquisition of Ferrara Fire Apparatus
2017/05/01 Rex Energy
Developer/Oil & Gas
Angelo Gordon
Lender
300 Term Loan
2017/05/26 Ruby Tuesday
Operator/Casual Dining Restaurants
UBS
Admin Agent
20 Revolver
Facility replaces previous revolver w/ BofA
2017/05/08 Saba Software
Provider/Talent Management Solutions
Golub Capital
Admin Agent
375 Revolver
2017/05/01 Savara
Manufacturer/Specialty Pharmaceuticals
Silicon Valley Bank
Lender
15 Revolver
2017/06/22 Scrap Metal Services
Provider/Scrap Processing
BofA Business Capital
Lender
84 ABL Revolver/Term Loan
Supports refi
2017/06/15 Shawnee Tubing Solutions
Manufacturer/Copper Tubing
MB Business Capital
Lender
23.7 Revolver
Supports acquisition of assets from Wolverine Tube
2017/06/01 Sinbad Foods
Manufacturer/Specialty Foods
MB Business Capital
Lender
5.5 Revolver
Supports acquisition of Rain Creek Baking
2017/06/09 Spectranetics
Manufacturer/Medical Devices
MidCap Financial, SVP
Lead Arrangers
140 $90MM Term Loan/$50MM Revolver
Replaces previous facility
2017/06/07 SUPERVALU
Retailer/Groceries
Goldman Sachs
Admin Agent
840 Term Loan
Jt lead arrangers: Bank USA, RBC, Barclays, Credit Suisse, BMO, Citigroup
2017/04/06 Tennant
Manufacturer/Environmental Cleaning Solutions
JPMorgan Chase
Admin Agent
600 Term Loan/Revolver
2017/05/15 Tenneco
Manufacturer/Auto Performance Products
JPMorgan Chase
Admin Agent
2000 $1.6B Revolver/$400MM Term Loan
Supports refi
2017/05/10 The Trade Desk
Provider/Technology Platform
Citibank
Admin Agent
200 Revolver
2017/04/20 Titan International
Manufacturer/Steel Wheels
BMO Harris
Admin Agent
75 Revolver
2017/04/21 Tivity Health
Provider/Healthcare Solutions
SunTrust
Admin Agent
320 $220MM Term Loan/$100MM Revolver
2017/05/03 Total Safety
Provider/Integrated Safety Solutions
Citizens Commercial Banking
Admin Agent
60 ABL Revolver
2017/06/21 TRC Companies
Provider/Environmentsl Consulting
UBS
Admin Agent
385 $325MM Term Loan/$60MM Revolver
Supports merger with New Mountain Capital
2017/04/14 Ultra Petroleum
Producer/Natural Gas
Barclays, BOM
Admin Agents
1200 $800MM Term Loan/$400MM Revolver
2017/06/16 United Road Towing
Provider/Tow Services
Ares Commercial Finance
Lender
25 ABL Revolver
Supports refi
2017/06/30 Verint Systems
Retailer/Security Software & Hardware
JPMorgan Chase
Admin Agent
725 $425MM Term Loan/$300MM Revolver
Jt bookrunners; JPMorgan, Deutsche Bank, Goldman Sachs, RBC Capital, Barclays, Credit Suisse, HSBC
2017/05/22 Viveve Medical
Provider/Medical Technology
CRG Servicing
Admin Agent
30 Term Loan
Financial Advisor: Armentum Partners
2017/04/06 Vivex Biomedical
Manufacturer/Biological Products
Heritage Bank of Commerce
Lender
9 Revolver
2017/06/26 WANDisco
Provider/Computer Software
Silicon Valley Bank
Lender
8 $5MM Term Loan/$3MM Revolver
Replaces existing facility with HSBC
2017/05/18 Web.com
Provider/Internet Services
JPMorgan Chase
Admin Agent
690.3 $430.3MM Term Loan/$260MM Revolver
Facility upsized from $100MM
2017/06/27 Western Industries Plastic Products
Manufacturer/Plastic Products
MB Business Capital
Lender
8 Revolver
Portfolio company of Speyside Equity
2017/04/20 Xplore Technologies
Manufacturer/Rugged Tablets
BofA
Lender
15 Revolver