Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 07/01/17 through 09/30/17.
| DATE | BORROWER/INDUSTRY | LENDER/ROLE | AMOUNT | STRUCTURE/NOTES |
|---|---|---|---|---|
| 2017/07/17 | Aakash Chemicals and Dye-Stuffs Supplier/Specialty Chemicals |
NXT Capital Admin Agent |
42 | Revolver Supports refi |
| 2017/09/01 | ABM Industries Provider/Facility Solutions |
BofA Admin Agent |
1250 | $900MM Revolver/$800MM Term Loan Supports acquisition of GCA Services |
| 2017/09/13 | AK Steel Holding Producer/Steel |
BofA Admin Agent |
1350 | ABL Revolver Co-syndication agents; JPMorgan Chase, WFCF |
| 2017/07/27 | Algenist Developer/Skincare |
Siena Lending Group Lender |
8 | ABL Revolver |
| 2017/08/18 | A-Mark Precious Metals Distributor/Precious Metals |
Rabobank Admin Agent |
225 | Revolver Facility includes $50MM accordion |
| 2017/09/18 | American Optics Manufacturer/Endoscope Components |
Monroe Capital Admin Agent |
26.3 | Revolver Supports refi |
| 2017/08/23 | Beacon Roofing Supply Provider/Roofing Supplies |
Wells Fargo, Citigroup Jt Lead Arrangers |
2200 | $1.3B ABL Revolver/$970MM Term Loan Supports acquisition of Allied Building |
| 2017/07/26 | Betteridge Jewelers Retailer/Jewelry |
Monroe Capital Admin Agent |
25 | ABL Revolver Supports refi |
| 2017/07/13 | BioTelemetry Provider/Wireless Medical Technology |
SunTrust Bank Lender |
205 | Term Loan Supports acquisition of LifeWatch |
| 2017/07/24 | Black Mountain Provider/Financial Software |
Capital One Admin Agent |
45 | $40MM Term Loan/$5MM Revolver |
| 2017/07/24 | Brazos Midstream Holdings Provider/Midstream Energy |
BOK Financial, Cadence Bank Lead Arranger |
150 | Revolver Facility includes optional $50MM accordion |
| 2017/08/17 | Bridgewater Interiors Supplier/Seating & Overhead Systems |
BofA Business Capital Lender |
40 | ABL Revolver |
| 2017/08/18 | Bumble Bee Holdco Manufacturer/Canned Fish Products |
WFCF, Brookfield Principal Credit Admin Agent |
850 | $650MM Term Loan/$200MM ABL Revolver Brookfield agent for term loan; Wells Fargo agent for revolver |
| 2017/07/06 | Central Security Group Provider/Home Security Solutions |
Credit Suisse Lead Arranger |
40 | Term Loan |
| 2017/08/30 | Chorus Aviation Canadian Holding Company |
CIBC Admin Agent |
50 | Revolver Parent company of Jazz Aviation & Voyageur Aviation |
| 2017/08/01 | Ciner Resources Manufacturer/Consumer & Industrial Products |
PNC Admin Agent |
10 | Revolver Replaces previous facility |
| 2017/08/07 | Cision Provider/PR & Marketing Software & Services |
Deutsche Bank Admin Agent |
2000 | $1.25B Term Loan/$75MM Revolver Supports refi |
| 2017/09/29 | Coeur Mining Producer/Precious Metals |
BofA Admin Agent |
200 | Revolver Lead arranger; Merrill Lynch |
| 2017/09/06 | Cos Bar Retailer/Luxury Cosmetics |
Ares Commercial Finance Lender |
10 | Revolver Portfolio company of Tengram Capital Partners |
| 2017/08/18 | Dave & Buster's Entertainment Operator/Entertainment Facilities |
Merrill Lynch, Others Jt Lead Arrangers |
800 | $500MM Revolver/$300MM Term Loan Jt lead arrangers; Wells Fargo, Regions Bank, Capital One |
| 2017/08/17 | Douglas Dynamics Manufacturer/Snow & ice Equipment |
JPMorgan Chase Admin Agent |
314 | Term Loan Replaces existing facility |
| 2017/08/29 | DXP Enterprises Distributor/Products & Services |
Goldman, BofA Admin Agent |
335 | $250MM Term Loan/$85MM ABL Revolver Facility used to pay existing debt |
| 2017/08/11 | ENSERVCO Provider/Oilfield Services |
East West Bank Lender |
30 | Revolver Replaces previous facility with PNC Bank |
| 2017/07/18 | Envestnet Provider/Intelligent Systems |
BOM Admin Agent |
350 | Revolver Syndicates; Citizens Bank, KeyBank |
| 2017/06/30 | Fifth Street Holdings Provider/Asset Management Solutions |
Sumitomo Mitsui Banking Admin Agent |
100 | Term Loan Jt lead arrangers; Sumitomo Mitsui, Morgan Stanley Senior Funding |
| 2017/07/14 | First Solar Manufacturer/Solar Panels |
JPMorgan Chase Admin Agent |
500 | Revolver Jt lead arrangers; JPMorgan Chase, HSBC, Credit Agricole |
| 2017/09/11 | Freeman Spogli Private Equity Firm |
Golub Capital Admin Agent |
146 | Revolver Supports acquisition of Café Rio |
| 2017/09/21 | Freshpet Manufacturer/Dog & Cat Food |
City National Bank Admin Agent |
30 | Revolver Facility used to pay previous debt |
| 2017/09/18 | Frontenac Private Equity Firm |
Abacus Finance Admin Agent |
21.7 | Revolver Supports acquisition of Schlotterbeck & Foss |
| 2017/07/25 | Gemphire Therapeutics Developer/Biopharmaceuticals |
Silicon Valley Bank Lender |
15 | Term Loan |
| 2017/08/29 | Green Plains Provider/Commodity Processing |
BNP Paribas Admin Agent |
500 | Term Loan Supports refi |
| 2017/08/22 | H.O.P New York Entertainment Provider/Post-Production Services |
Rise Line Business Credit Lender |
6.5 | ABL Revolver H.O.P DBA Postworks New York |
| 2017/08/25 | Hamilton Lane Advisors Provider/Financial Planning |
First Republic Bank Lender |
100 | $75MM Term Loan/$25MM Revolver Facility includes accordion feature |
| 2017/07/10 | Harmless Harvest Manufacturer/Organic Coconut Water |
Ares Commercial Finance Lender |
8 | Revolver Supports refi |
| 2017/07/19 | Health Plan Intermediaries Developer/Health Insurance Plans |
SunTrust Bank Lender |
30 | Revolver |
| 2017/06/30 | Helix Energy Solutions Provider/Offshore Energy Services |
BofA Admin Agent |
250 | $150MM Revolver/$100 Term Loan Jt lead arrangers; BofA Merrill Lynch, Wells Fargo Securities |
| 2017/08/21 | Hidden Harbor Capital Partners Private Equity Firm |
Monroe Capital Admin Agent |
43 | Revolver Supports acquisition of Stella Environmental Holdings |
| 2017/07/01 | Hub City Terminals Provider/Transportation Management |
Bank of Montreal Admin Agent |
350 | Revolver Jt lead arrangers; BMO, Merrill Lynch, Pierce, Fenner & Smith, Wells Fargo |
| 2017/08/22 | Ingevity Provider/Specialty Chemicals |
Wells Fargo Admin Agent |
925 | $550MM Revolver/$375MM Term Loan Supports acquisition of Georgia-Pacific's pine chemicals |
| 2017/08/03 | Interface Security Systems Provider/Security Systems |
Capital One Admin Agent |
290 | $230MM Term Loan/$60MM Revolver Supports refi |
| 2017/07/25 | Jernigan Capital Provider/Development Financing |
KeyBank Admin Agent |
100 | Revolver Syndicate; Raymond James Bank |
| 2017/08/02 | Kew Media Group Procducer/Multi-platform Content |
SunTrust Bank Admin Agent |
100 | Revolver Facility offers additional $25MM accordion |
| 2017/08/08 | Kingfisher Midstream Provider/Crude Oil & Natural Gas |
ABN AMRO Admin Agent |
200 | Revolver Syndicate; East West Bank |
| 2017/09/13 | LabCorp Provider/Lab Testing |
BofA Admin Agent |
1750 | $1B Revolver/$750MM Term Loan Revolver has optional accordion |
| 2017/08/07 | LINN Energy Producer/Petroleum & Natural Gas |
RBC Admin Agent |
500 | Revolver Replaces previous facility with Wells Fargo |
| 2017/08/29 | Logic PD Manufacturer/Electronics |
MB Business Capital Lender |
9 | Revolver Portfolio company of CHB Capital Partners |
| 2017/08/02 | Luxury Brand Holdings Retailer/Fine Jewelry |
Citizens Commercial Banking Lead Arranger |
35 | Revolver |
| 2017/07/03 | McDermott International Provider/Engineering Services |
Credit Agricole Admin Agent |
1100 | Revolver Jt lead arrangers; Credit Agricole, Wells Fargo, ABN AMRO Capital, BBVA Compass, ING Capital |
| 2017/08/24 | MGP Ingredients Producer/Distilled Spirits |
Wells Fargo, Prudential Lenders |
170 | $150MM Revolver/$20MM Term Loan Revolver provided by Wells Fargo; Term loan by Prudential |
| 2017/08/04 | Midland Stamping Provider/Metal Stampings |
MB Business Capital Lender |
15.275 | Revolver |
| 2017/07/07 | Molson Coors Brewing Manufacturer/Beer |
Citibank Admin Agent |
1500 | Revolver Replaces previous facility with Deutsche Bank |
| 2017/07/27 | MPLX Developer/Midstream Energy Assets |
Wells Fargo Admin Agent |
2500 | Revolver Replaces previous facility |
| 2017/09/26 | MRC Global Distributor/Pipe, Valves & Fittings |
JPMorgan, BofA Admin Agents |
1200 | $800MM ABL Revolver/$400MM Term Loan Facility used to pay previous debt |
| 2017/09/11 | NeoPhotonics Manufacturer/Optoelectronic Solutions |
Wells Fargo Admin Agent |
50 | Revolver Replaces existing facility with Comerica Bank |
| 2017/08/28 | Nuverra Environmental Solutions Provider/Environmental Solutions |
Ares Commercial Finance Lender |
45 | $30MM Revolver/$15MM Term Loan Facility used to pay existing debt |
| 2017/08/23 | PedEdge Distributor/Pet Supplies |
Monroe Capital Admin Agent |
14 | ABL Revolver Supports refi |
| 2017/09/27 | Permian Basin Materials Producer/Concrete, Sand & Gravel |
Capital One Admin Agent |
70 | Revolver Lead arranger; Capital One |
| 2017/07/20 | Pernix Therapeutics Developer/Prescription Drugs |
Cantor Fitzgerald Securities Admin Agent |
85 | $45MM Term Loan/$40MM ABL Revolver Replaces existing facility with Wells Fargo |
| 2017/07/24 | Petersen-Dean Manufacturer/Roofing Systems |
Ares Commercial Finance Lender |
30 | Revolver Supports refi |
| 2017/07/24 | Roadrunner Transportation Systems Provider/Transportation Logistics |
BMO Harris, JPMorgan Chase, Wells Fargo Lenders |
292 | $200MM ABL Revolver/$92MM Term Loan Supports transportation equipment financing |
| 2017/09/29 | RR Donnelley & Sons Provider/Commercial Printing |
BofA Admin Agent |
800 | ABL Revolver Co-syndication agents; Citigroup, JPMorgan Chase, PNC, Fargo |
| 2017/08/17 | Shutterfly Provider/Image Publishing |
Morgan Stanley Admin Agent |
500 | $300MM Term Loan/$200MM Revolver Replaces previous facility |
| 2017/08/09 | SMART Global Holdings Provider/Memory & Storage Solutions |
KKR Capital Markets Lead Arranger |
165 | Term Loan Supports refi |
| 2017/07/18 | Specialty Steel Supply Distributor/Stainless Steel Products |
Siena Lending Group Lender |
10 | ABL Revolver |
| 2017/09/12 | Staples Retailer/Office Supplies |
Wells Fargo, UBS Admin Agents |
4100 | $2.9B Term Loan/$1.2M ABL Revolver Term loan from UBS, revolver from Wells Fargo |
| 2017/07/18 | Tahoe Resources Operator/Mines |
Scotiabank Admin Agent |
300 | Revolver Facility upsized from $150MM |
| 2017/07/25 | Tennessee Valley Recycling Provider/Scrap Metal Management |
PNC Admin Agent |
26 | Revolver Supports refi |
| 2017/07/28 | Titan Pharmaceuticals Developer/Proprietary Therapeutics |
Horizon Technology Lender |
10 | Revolver |
| 2017/08/23 | TransDigm Producer/Aircraft Cpomponents |
Credit Suisse Admin Agent |
1800 | Term Loan Jt lead arrangers; Citigroup, Morgan Stanley, HSBC, Barclays, UBS Securities, Credit Agrivole, Goodman Sachs, RBC, JPMorgan Chase |
| 2017/09/28 | United Rentals Provider/Equipment Rentals |
BofA Admin Agent |
500 | ABL Revolver |
| 2017/07/17 | WideOpenWest Provider/Internet, Cable & Phone Services |
JPMorgan Chase Admin Agent |
2280 | Term Loan Facility upsized by $100MM |
| 2017/07/27 | Zebra Technologies Provider/Mobile Computers & Scanners |
JPMorgan Chase, Morgan Stanley Admin Agents |
1185 | $687.5MM Term Loan/$500MM Revolver Supports refi |