Deal Charts

ABL Deal Chart 2018 Q1

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 1/01/18 through 3/31/18.

DATE BORROWER/INDUSTRY LENDER/ROLE AMOUNT STRUCTURE/NOTES
2018/01/16 2nd Ave
Retailer/Thrift Clothing
Citizens Bank
Lender
32 ABL Revolver
Supports recap
2018/02/23 Alexco
Provider/Environmental Services
Sprott Private Resource Lending
Lender
15 Term Loan
2018/02/19 Align Technology
Manufacturer/3D Digital Scanners
Wells Fargo
Admin Agent
200 Revolver
2018/02/02 AMN Healthcare Services
Provider/Healthcare Staffing
SunTrust
Admin Agent
400 Revolver
Jt lead arrangers; SunTrust Robinson Humphrey, NOA Merrill Lynch, JPMorgan Chase
2018/03/28 Arkos Field Services
Provider/Aftermarket Energy Services
CIT Northbridge
Lead Arranger
20 Revolver/Term Loan
Supports future growth opportunities
2018/03/02 Ashford
Provider/Investment Management Services
BofA
Admin Agent
35 Revolver
2018/01/02 ASV Holdings
Provider/Compact Construction Equipment
PNC Bank
Admin Agent
50 $35MM Revolver/$15MM Term Loan
Replaces previous facility
2018/01/17 Baylin Technologies
Provider/Wireless Antenna Solutions
Crown Capital Partners
Lender
33 Term Loan
2018/02/09 CCA Industries
Manufacturer/Health & Beauty Aids
PNC Bank
Lender
6 $4.5MM Revolver/$1.5MM Term Loan
Used to pay existing debt
2018/01/22 Christensen Arms
Manufacturer/Lightweight Firearms
Siena Lending Group
Lender
5.2 ABL Revolver
2018/03/07 CNX Midstream Partners
Developer/Midstream Energy Assets
PNC Bank
Admin Agent
600 Revolver
Includes additional $100MM accordion
2018/01/15 Conner Industries
Provider/Industrial Wood Products
Ares Commercial Finance
Lender
21 $18MM Revolver/$3MM Term Loan
Supports refi
2018/01/18 Conner Industries
Provider/Integrated Packaging Solutions
Ares Commercial Finance
Lender
21 $18MM Revolver/$3MM Term Loan
Supports refi
2018/01/16 CSC Holdings
Private Holding Company
JPMorgan Chase
Admin Agent
1500 Term Loan
Subsidiary of Altice USA
2018/03/06 CSG Systems
Provider/Business Support Solutions
BofA
Admin Agent
350 $200MM Revolver/$150MM Term Loan
Jt lead arrangers; Merrill Lynch, Wells Fargo Securities
2018/02/20 Diversified Gas & Oil
Operator/Oil & Gas Producing Assets
KeyBank
Lender
500 Revolver
Supports acquisition of Alliance Petroleum
2018/02/27 Ebix
Provider/E-Commerce Services
Regions Bank
Admin Agent
650 $400MM Revolver/$250MM Term Loan
Facility upsized from $450MM
2018/01/29 Edison International
Public Utility Holding Company
Citibank
Admin Agent
500 Term Loan
Jt lead arrangers; Citibank, Mizuho, U.S. Bank, TD Bank, Wells Fargo
2018/02/22 FTS International
Provider/Hydraulic Fracturing Services
Wells Fargo
Admin Agent
250 ABL Revolver
2018/02/13 Fusion
Provider/Cloud Services
Morgan Stanley, GS, MUFG
Jt Lead Arrangers
570 Term Loan
Supports acquisition of Birch Communications
2018/01/31 Genesco
Manufacturer/Hats
BofA
Admin Agent
400 Revolver
Jt lead arrangers; BofA, US Bank, SunTrust Robinson Humphrey
2018/03/07 Global Restoration Holdings
Provider/Disaster Restoration
Breakwater Management
Lender
60 Term Loan/ABL Revolver
Supports refi
2018/01/02 Graham Partners
Private Investment Firm
NXT Capital
Admin Agent
38 Revolver
Supports acquisition of OptConnect
2018/03/06 Hanger
Provider/Patient Care Services
BofA
Admin Agent
605 $505MM Term Loan/$100MM Revolver
Jt lead arrangers; BofA Merrill Lynch, Wells Fargo Securities, SunTrust Robinson Humphrey
2018/01/31 Harvard Bioscience
Manufacturer/Life Science Solutions
Cerberus Business Finance
Admin Agent
89 $64MM Term Loan/$25MM Revolver
Supports acquisition of Data Sciences International
2018/01/16 Harvest Small Business Finance
Provider/SBA Lending
Capital One
Lender
60 Revolver
2018/02/15 Ichor Holdings
Manufacturer/Fluid Delivery Subsystems
BofA
Admin Agent
300 $175MM Term Loan/$125MM Revolver
Jt lead arrangers; Merrill Lynch, SunTrust Robinson Humphrey
2018/03/27 Iron Mountain
Provider/Storage & Information Management Services
JPMorgan Chase
Admin Agent
700 Term Loan
Jt lead arrangers; JPMorgan Chase, Barclays
2018/02/20 LCI Industries
Supplier/RV Components
JPMorgan Chase
Admin Agent
325 Revolver
Facility upsized from $200MM
2018/01/17 LMC Industries
Manufacturer/Molded Parts
North Mill Capital
Lender
11.2 ABL Revolver
2018/01/03 Macquarie Infrastructure Corp
Provider/Customer Services
JPMorgan Chase
Admin Agent
600 Revolver
Supports refi
2018/02/26 Major Metals Company
Distributor/Steel & Steel Tube
Huntington Business Credit
Lender
10.54 Revolver/Term Loan
Supports refi
2018/03/29 Mattel
Manufacturer/Childrens Products
BofA
Admin Agent
1600 Revolver
2018/01/04 Micron Products
Manufacturer/Medical Device Technologies
Rockland Trust Company
Lender
9.5 ABL Revolver
Replaces previous facility
2018/01/08 Mission Product Holdings
Manufacturer/Cooling Apparel
Siena Lending Group
Lender
10 Revolver
Supports refi
2018/01/15 National Credit Center
Provider/Software & Marketing Solutions
Monroa Capital
Admin Agent
80 Revolver
Portfolio company of SNH
2018/02/13 NetScout
Provider/Cybersecurity Services
JPMorgan Chase
Admin Agent
1000 Revolver
2018/02/07 Novocure
Provider/Oncology Treatments
BioPharma Credit
Lender
150 Term Loan
Used to pay existing debt
2018/02/08 NRP Jones
Manufacturer/Industrial & Oilfield Hoses
MB Business Capital
Lender
23 Revolver
Supports refi
2018/02/19 OCI Partners
Operator/Methanol & Amonia Production Facilities
BofA Merrill Lynch
Lead Arranger
455 Term Loan/Revolver
Used to pay existing debt
2018/01/01 Pandora Media
Provider/Music Streaming Services
Wells Fargo
Admin Agent
200 Revolver
Replaces previous facility with JPMorgan Chase
2018/02/26 PCX Aerostructures
Manufacturer/Machined Flight Components
Siena Lending Group
Lender
12 Revolver
Supports refi
2018/03/28 Penguin Computing
Provider/Computing Solutions
Wells Fargo
Lender
33 Revolver
Supports future growth opportunities
2018/02/16 Radiology Partners
Operator/Hospital Based Radiology Services
Golub Capital
Admin Agent
270 Term Loan
Supports acquisition of Renaissance Imaging Medical Associates
2018/02/20 Sears Authorized Hometown
Operator/Retail Stores
Gordon Brothers Finance
Admin Agent
40 Term Loan
2018/01/30 Shutterfly
Retailer/Online Prints
Morgan Stanley
Admin Agent
825 Term Loan
Supports acquisition of Lifetouch
2018/02/02 Siesa Medical
Manufacturer/Medical Devices
Sagard Credit Partners
Lender
42.5 Revolver
2018/01/30 Solace Capital Partners
Private Investment Firm
Ares Commercial Finance
Lender
41.7 $25MM Revolver/$16.7MM Term Loan
Supports acquisition of CST
2018/01/23 Solaris Oilfield Infrastructure
Provider/Proppant Management Systems
Woodforest National Bank
Admin Agent
70 $50MM Term Loan/$20MM Revolver
2018/03/07 Standard Diversified Opportunities
Holding Company
Crystal Financial
Lender
25 Revolver
Supports future acquisitions
2018/01/29 Stewart Tubular Products
Manufacturer/Down-Hold Accessories
Siena Lending Group
Lender
19.5 Revolver/Term Loan
Supports refi
2018/02/06 Stone Road Energy
Provider/Fuel Delivery Services
Crystal Financial
Lender
20 Revolver
Supports refi and acquisitions
2018/02/21 TTM Technologies
Manufacturer/Printed Circuit Boards
JPMorgan Chase
Admin Agent
600 Term Loan
Supports acquisition of Anaren
2018/03/27 Unipower
Manufacturer/DC Power Systems
MidCap Business Credit
Lender
7 Revolver
Supports refi
2018/01/16 Unique Group
Distributor/Engineered Metal Products
MidCap Financial
Lender
46 Revolver
Supports refi
2018/03/28 Varian Medical Systems
Provider/Radiation Oncology Treatments
BofA
Admin Agent
1800 Revolver
Replaces previous revolver
2018/02/26 Venture Logistics
Provider/Regional Logistics
Huntington Business Credit
Lender
25 Revolver
Supports refi
2018/02/21 Vertical Bridge
Provider/Communications Infrastructure
TD Securities
Lead Arranger
250 Revolver
Used to pay existing debt
2018/01/08 VSE
Provider/Diversified Technical Services
Citizens Bank
Admin Agent
500 Revolver/Term Loan
Jt syndication agents; M&T, PNC & SunTrust
2018/02/20 Vulcan
Provider/Integrated Aluminum Products
MB Business Capital
Lender
30 Revolver
Supports refi
2018/01/08 Wells Fargo
Provider/Energy & Water Resource Management Software
Itron
Admin Agent
1150 $650MM Term Loan/$500MM Revolver
Supports acquisition of Silver Springs Network
2018/02/15 Wellspring Capital Management
Private Equity Firm
Antares Capital
Admin Agent
170 Revolver
Supports acquisition of SupplyOne
2018/01/31 Wingstop
Operator/Restaurant Chains
Wells Fargo
Admin Agent
250 $130MM Revolver/$120MM Term Loan
Supports recap
2018/02/26 Zayo Group
Provider/Communications Solutions
Morgan Stanley
Admin Agent
150 Term Loan
SunTrust served as additional admin agent
2018/03/28 Zedcor Energy
Provider/Rental Surface Equipment
ATB Financial
Lender
13.5 Revolver