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
2018/01/02 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
2018/01/22 Christensen Arms
Manufacturer/Lightweight Firearms
Siena Lending Group
Lender
5.2 ABL Revolver
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
2018/01/29 Edison International
Public Utility Holding Company
Citibank
Admin Agent
500 Term Loan
Jt lead arrangers; Citibank, Mizuho, U.S. Bank, TD Bank, Wells Fargo
2018/01/02 Graham Partners
Private Investment Firm
NXT Capital
Admin Agent
38 Revolver
Supports acquisition of OptConnect
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
2018/01/17 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
2018/01/04 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
2018/01/01 Pandora Media
Provider/Music Streaming Services
Wells Fargo
Admin Agent
200 Revolver
Replaces previous facility with JPMorgan Chase
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
2018/01/29 Stewart Tubular Products
Manufacturer/Down-Hold Accessories
Siena Lending Group
Lender
19.5 Revolver/Term Loan
Supports refi
2018/01/16 Unique Group
Distributor/Engineered Metal Products
MidCap Financial
Lender
46 Revolver
Supports refi
2018/01/08 VSE
Provider/Diversified Technical Services
Citizens Bank
Admin Agent
500 Revolver/Term Loan
Jt syndication agents; M&T, PNC & SunTrust
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