Deal Charts

ABL Deal Chart 2018 Q3

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 7/01/18 through 9/30/18.

DATE BORROWER/INDUSTRY LENDER/ROLE AMOUNT STRUCTURE/NOTES
2018/07/03 Tree Island Steel
Producer/Wire Products
WFCF
Lender
80 $60MM Revolver/$20MM Term Loan
Facility upsized
2018/07/03 SWK Holdings
Provider/Healthcare Financing
AloStar Capital Financing
Lender
20 Revolver
2018/07/03 IMAX
Provider/Theatre Entertainment
Wells Fargo
Admin Agent
300 Revolver
Replaces prior facility
2018/07/02 Plantronics
Manufacturer/Business & Personal Headsets
Wells Fargo
Admin Agent
1275 Term Loan
Supports acquisition of Polycom
2018/07/02 Star Group
Provider/Home Energy
JPMorgan Chase
Admin Agent
300 ABL Revolver
Jt lead arrangers; JPMorgan Chase, Merrill Lynch, Citizens Bank
2018/07/02 Knight Dental
Provider/Dental Lab Services
Alpine Capital
Admin Agent
17 $12MM Term Loan/$5MM Revolver
2018/07/31 Profound Medical
Provider/Medical Devices
CIBC Innovation Banking
Lender
18.75 Term Loan
Used to repay existing debt
2018/07/30 TrueBlue
Provider/Staffing Solutions
BofA
Admin Agent
300 Revolver
Jt lead arrangers; BofA Merrill Lynch, Wells Fargo Securities, PNC
2018/07/27 Midcal Business Credit
Provider/Loans & Credit Products
WFCF
Lender
100 ABL Revolver
Facility upsized from previous facility
2018/07/25 Generac Power Systems
Manufacturer/Backup Power Systems
BofA
Admin Agent
300 ABL Revolver
Syndication agent; JPMorgan Chase
2018/07/24 IQVIA
Provider/IT Services
JPMorgan Chase
Admin Agent
1750 Term Loan
Replaces existing facility
2018/07/23 Pilgrim's Pride
Producer/Chicken Products
CoBank
Admin Agent
1250 $750MM Revolver/$500MM Term Loan
Includes $1.25B accordion feature
2018/07/24 Golub Capital
BDC
Morgan Stanley
Lender
300 Revolver
2018/07/18 Walker Zanger
Retailer/Tile & Slab
CIT Northbridge Credit
Lead Arranger
17 Revolver/Term Loan
2018/07/16 Charles & Colvard
Manufacturer/Moissanite
White Oak Commercial Finance
Lender
5 ABL Revolver
Replaces existing facility
2018/07/17 OnDeck
Provider/Online Lending Services
Credit Suisse, Agricole
Lenders
93 ABL Revolver
Credit Suisse provided $55.179MM; Agricole provided $37.753MM
2018/07/13 Revlon Holdings
Manufacturer/Beauty & Personal Care Products
Citibank
Admin Agent
140 ABL Revolver
Facility used for working capital
2018/08/08 APPVION
Producer/Thermal & Carbonless Paper
WFCF
Admin Agent
185 $105MM Term Loan/$80MM Revolver
Supports future growth
2018/08/07 Vita Healthcare
Provider/Long-Term Specialty Care
White Oak Healthcare Finance
Admin Agent
34.8 Term Loan
Supports acquisition of nursing facilities
2018/08/06 Goosehead Insurance Holdings
Provider/Personal Insurance Products
J.P. Morgan
Bookrunner
53 $40MM Term Loan/$13MM Revolver
Used to repay existing facility
2018/08/03 Universal Stainless & Alloy Products
Manufacturer/Specialty Steels
PNC Bank
Lender
120 ABL Revolver
2018/08/03 Cantel Medical
Manufacturer/Medical Devices
BofA
Admin Agent
600 $400MM Revolver/$200MM Term Loan
Jt lead arrangers; Wells Fargo Securities, JPMorgan Chase
2018/08/01 Fanzz Gear
Retailer/Licensed Sports Merchandise
Ares Commercial Finance
Lender
11 Revolver
Supports refi
2018/08/01 Accord Financial
Provider/Financial Solutions
Scotia Bank
Admin Agent
292 Revolver
Facility upsized from $185MM
2018/08/27 MPD
Provider/Electronic Components
PNC Bank
Admin Agent
16.2 Revolver
Supports refi
2018/08/28 Voci Technologies
Provider/Speech Analytics
Square 1 Bank
Lender
5 Revolver
Supports long-term growth initiatives
2018/08/27 Diebold Nixdorf
Provider/Consumer Services & Technology
JPMorgan Chase
Admin Agent
650 Term Loan
Supports refi
2018/08/22 Tower Three Partners
Private Equity Firm
LBC Credit
Admin Agent
35 Revolver
Supports acquisition of Nurse Assist
2018/08/03 Stage Stores
Retailer/Apparel & Home Goods
Wells Fargo
Admin Agent
25 Term Loan
Replaces previous facility
2018/08/21 Vince Holding
Manufacturer/Luzury Apparel & Accessories
Citizens Bank, Crystal Financial
Admin Agent
107.5 $80MM Revolver/$27.5MM Term Loan
Crystal served as admin agent for term loan, Citizens served as admin agent for revolver
2018/08/20 Covanta Holdings
Provider/Waste & Energy Solutions
BofA
Admin Agent
1300 $900MM Revolver/$400MM Term Loan
Facility upsized by $100MM
2018/08/20 Facet Medical Technologies
Manufacturer/Medical Equipment
Siena Lending Group
Lender
7.5 ABL Revolver
Supports future working capital
2018/08/20 MiraMed Global Services
Provider/Healthcare Management Services
Citibank, Citizens
Lead Arrangers
75 Revolver
Syndication agent; Citizens Bank
2018/08/20 A'GACI
Retailer/Women's Apparel
Second Avenue Capital Partners
Lender
12 Revolver
Facility used for exit financing
2018/08/16 FS Energy & Power
BDC
JPMorgan, Others
Lead Arrangers
1000 Term Loan/Revolver
Jt lead arrangers; JPMorgan Chase, SG Americas, BMO Capital
2018/08/14 Akumin
Provider/Diagnostic Imaging Services
BBVA
Admin Agent
130 $100MM Term Loan/$30MM Revolver
Used to repay existing facility
2018/08/14 ServiceMaster
Provider/Residential & Commercial Services
JPMorgan Chase
Admin Agent
1000 Term Loan
Used to repay existing debts
2018/08/13 36th Street Capital
Independent Finance Company
Capital One
Lender
75 Revolver
Facility upsized by $25MM
2018/08/10 Inspired Entertainment
Provider/Server Based Gaming Systems
Lloyds Bank
Admin Agent
9.5 Revolver
Supports future working capital
2018/08/10 McEwen Mining
Provider/Mining Services
Royal Capital Management
Admin Agent
50 Term Loan
Facility used to support construction of Gold Bar Mine
2018/08/10 Tiger Rentals
Provider/Onshore Equipment Rental Services
JPMorgan, Orion Energy
Lenders
160 $100MM Term Loan/$60MM Revolver
Term loan provided by Orion, revolver provided by JPMorgan
2018/09/25 Great Elm
Provider/Sleep & Respiratory Medical Equipment
Pacific Mercantile Bank
Lender
10 Revolver
Supports acquisitions of Valley Healthcare Group & Northwest Medical
2018/09/24 Energy Efficient Equity
Specialty Finance Company
Natixis
Lender
150 ABL Revolver
2018/09/24 Aligned Energy
Provider/Cloud & Managed Service Solutions
Goldman Sachs
Lender
375 Revolver
Facility used for future capital
2018/09/25 Gibraltar Business Capital
Provider/Finance Solutions
WFCF
Lender
100 Revolver
Facility upsized from $75MM
2018/09/20 Trevali Mining
Producer/Base Metals
Scotiabank
Admin Agent
275 Revolver
Replaces prior facility
2018/09/17 Stellex Capital Management
Private Equity Firm
AloStar Capital Finance
Admin Agent
20 Revolver
Supports acquisition of Fenix Parts
2018/09/17 Quad-C Management
Private Equity Firm
Antares
Admin Agent
151 Revolver
Supports acquisition of NJRetina
2018/09/12 Enterprise Products Partners
Provider/Midstream Energy Services
CitiBank
Admin Agent
2000 Revolver
2018/09/12 The Timken Company
Manufacturer/Automotive Products
KeyBank
Admin Agent
350 Term Loan
Supports acquisition of Rollon Group
2018/09/11 Chesapeake Energy
Producer/Natural Gas
MUFG
Admin Agent
3800 Revolver
Co-Syndicates; Wells Fargo, JPMorgan Chase, MUFG
2018/09/11 Funko
Distributor/Pop Culture Products
PNC, JPMorgan Chase
Jt Lead Arrangers
285 $235MM Term Loan/$50MM Revolver
2018/09/10 Cracker Barrel
Operator/Restaurant Chain
BofA
Admin Agent
950 Revolver
Replaces previous revolver
2018/09/10 Neutral Connect Networks
Provider/Wireless Communications Networks
CIT Group
Lead Arranger
25 Revolver
2018/09/10 Wise Recycling
Provider/Scrap Metal Recycling
Siena Lending Group
Lender
13.4 ABL Revolver
2018/09/11 Avmont
Private Investment Fund
Woodforest Commercial Banking
Lead Arranger
60 Revolver
Supports future acquisitions
2018/09/05 Mercury Media
Private Investment Fund
Siena Lending Group
Lender
15 ABL Revolver
Supports working capital needs
2018/09/03 Aurora Cannabis
Provider/Cannabis Products
BMO
Lender
200 $150MM Term Loan/$50MM Revolver
2018/09/03 Fox Rehabilitation
Provider/Therapy Services
White Oak Healthcare Finance
Admin Agent
20 ABL Revolver
Supports refi
2018/09/03 Triple Five Intercontinental Group
Producer/Petroleum & Natural Gas
Crown Capital
Lender
15 Term Loan
Supports future capital needs