Deal Charts

ABL Deal Chart 2017 Q3

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