Deal Charts

ABL Deal Chart 2018 Q4

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 10/01/18 through 12/31/18.

DATE BORROWER/INDUSTRY LENDER/ROLE AMOUNT STRUCTURE/NOTES
2018/11/27 Alcoa
Aluminum Products
JPMorgan Chase Bank
Administrative agent
1500 Amended Revolver
For payments, investments & indebtedness
2018/10/01 AMP Capital
Global Investments
Webster Bank
Lead Arranger
210 Secured Credit Facilities
Supports Everstream Solutions acquistion
2018/11/07 AMS Group
Manufacturer & Distributer/Steel-related
MB Business Capital 
Lender
9.68 Credit Facility
Supports refi and adds working capital
2018/11/30 AmTrust Financial Services
Insurance Holding Company
JPMorgan Chase
Admin Agent
750 Term Loan/Revolver
For working capital
2018/12/11 AN Global
Consulting Firm
Monroe Capital
Admin Agent
80 Senior Credit Facility
To support purchase of 4th Source
2018/12/04 Armada Partners
4PL Provider
PNC Bank
Admin Agent
200 Senior Secured Credit Facility
To refinance existing debt
2018/11/28 Atlanticus Holdings
Fintech Company
JPMorgan Chase
Lender
100 Revolver
Expand credit card receivables
2018/10/10 Basic Energy Services
Provider/Energy
Bank of America
Admin Agent
150 ABL Facility
2018/11/30 BGC Partners
Fintech Company
Bank of America Merrill Lynch
Lead Arranger
350 Revolver
For general corporate purposes
2018/11/21 BioMarin Pharmaceutical
Biotechnology company
Bank of America
Admin Agent, Swingline Lender
200 Revolver
L/C Issuer: Citibank. To finance ongoing working capital
2018/11/15 BM Eagle Holdings
Fund to acquire healthcare assets
White Oak Healthcare Finance
Admin Agent
190 Credit Facility
Used to acquire 17 skilled nursing facilities
2018/12/11 Bonanza Creek Energy
Oil and Gas Company
J.P. Morgan
Admin Agent
750 Reserve-Based Credit Facility
2018/11/14 BrainStorm
Provider/Software Platform
Square 1 Bank
Lender
5 Credit Facility
2018/11/21 Cardtronics
ATM Manufacturer
JPMorgan Chase Bank
Admin Agent
600 Revolver
Co-Syndication Agents: Bank of America, Barclays Bank, Wells Fargo Bank. To fund redemption of 2022 Notes
2018/11/15 Celestica
Manufacturer/Supply Chain Solutions
Bank of America
Admin Agent
250 Term Loan
Jt Lead Arrangers: Merrill Lynch, Citigroup Global Markets, CIBC World Markets, MUFG Bank, RBC Capital Markets, The Bank of Nova Scotia and J.P. Morgan Securities
2018/11/14 Chelten House Products
Manufacturer/Salad Dressings & Sauces
Citizens Bank Commercial Banking
Admin Agent
41.2 Credit Facility
For working capital and future CAPEX initiatives
2018/11/02 Churchill Downs
Operator/Gaming Industries
Wells Fargo Bank
Admin Agent
650 Revolver
2018/11/05 ClearStream Energy Services
Provider/Energy & Industrial Solutions
Bank of Montreal
Admin Agent
7.6 Term Loan
2018/11/06 Comtech Telecommunications
Provider/Communication Solutions
Citibank
Admin Agent
550 Revolver
2018/12/05 Corcentric
Finance Solutions
Bank of America
Lender
150 Revolver
Co-Lender: JPMorgan Chase
2018/12/05 Corcentric
Finance Solutions
TCW Asset Management
Lender
50 Term Loan
To support future growth
2018/12/13 Covis Pharma
Specialty Pharmaceutical Company
Capital One
Admin Agent
350 Revolver/Term Loan
To acquire the worldwide rights for medicines Alvesco, Omnaris and Zetonna
2018/10/30 Critical Control Energy Services
Alternative Investment Fund Management
Invico Capital
Lender
7 Term Loan
2018/10/26 Digital Realty
Provider/Global data center
Citibank/JPMorgan/Others
Joint Lead Arrangers
330000 Revolver
2018/12/14 DowDuPont
Chemical Company
JPMorgan Chase Bank
Admin Agent
12000 Revolvers/Term Loan
To support Corteva spin-off
2018/11/27 Ducommun
Electronic & Structural Systems Manufacturer
Bank of America
Administrative Agent
340 Revolving Line of Credit/Term Loan
To repay outstanding loans & unpaid interest
2018/11/12 Ecopetrol
Oil company
The Bank of Nova Scotia, Mizuho Bank
Lenders
665 Credit Facility
2018/11/15 Egide USA
Provider/Packages for sensitive electronic components
Pacific Mercantile Bank
Lender
5 Revolver/Term Loan
2018/11/14 Electronics For Imaging
Provider/Printing & Signage Services
Citibank
Arranger
150 Revolver
2018/12/12 Energy Focus
LED Lighting Manufacturer
Austin Financial Services
Lender
5 Revolver
2018/11/06 EnviroStar
Distributor/Laundry & Dry cleaning Equipment
Bank of America/US Bank/Fifth Third
Joint Lead Arrangers
100 Revolver
2018/11/29 EVERTEC
Transaction Processing
Bank of America
Admin Agent
670 Revolver/Term Loans
To repay existing term debt
2018/11/27 Fallas Stores
Discount Retailer
Second Avenue Capital Partners
Lender
20 ABL Credit Facility
For purchase of 85 stores
2018/11/16 FHE USA
Manufacturer/Equipment
PNC Bank
Admin Agent
25 Credit Facility
Supports refi and CAPEX
2018/11/20 Forbes Energy Services
Oilfield Services contractor
Regions Bank
Lender
35 ABL Facility
Support acquisition
2018/10/30 Four Springs Capital Trust
Real Estate Investments
Citizens/Huntington/Peapack-Gladstone/Two River Community Banks
Lenders
75 Revolver
2018/12/13 Future Family
Fertility Support & Subscription Service
Atalaya Capital Management
Lender
100 Credit Facility
To fund subsciber platform
2018/11/08 Gen III Oil
Provider/Oil Refinery Services
Export Development Canada
Lender
55 Term Loan
Supports Bowden Project
2018/11/16 Goodfood Market
Provider/Home Meal Solutions
Desjardins Capital Markets
Lender
13.5 $11MM Term Loan/$2.5MM Revolver
Used to fund expansion CAPEX
2018/11/08 Goodnight Midstream
Provider/Oilfield Water Infrastructure
ABN AMRO
Admin Agent
100 Revolver
Upsized revolver to $420MM
2018/11/06 GP Strategies
Efficency Training
PNC Bank
Admin Agent
200 Credit Facility
Joint Lead Arrangers: PNC Capital Markets, Wells Fargo Securities
2018/12/06 GP Strategies
Efficency Training
PNC Bank
Admin Agent
200 Credit Facility
Joint Lead Arrangers: PNC Capital Markets, Wells Fargo Securities
2018/10/12 GridLiance High Plains
Transmission Lines/Substations
KeyBank
Lender
65 Revolver
2018/11/30 Hasbro
Toy Company
Bank of America
Admin Agent
1100 Amended Revolver
Joint Lead Arrangers: Merrill Lynch, Citibank, Citizens Bank, JPMorgan Chase
2018/12/04 Hawkins
Chemical Manufacturer
U.S. Bank
Admin Agent
150 Restated Revolver
To replace previous term loan and revolver
2018/10/15 Honeywell International
Software-Industrial Company
JPMorgan
Admin Agent
160000 First Lien Revolver
To Complete spin-off of Garrett Motion, Honeywell's former Transportation Systems Business
2018/10/30 Imperial Frozen Foods
Frozen fruits and Vegetable supplier
Ares Commercial Finance
Lender
20 Revolver
2018/11/16 Innovex Downhole Solutions
Provider/Downhold Products & Tech for Oil & Gas Industry
PNC Bank
Admin Agent
84 Credit Facility
Supports refi and CAPEX
2018/10/23 Jonathan Adler
Global Luxury Designer Housewares
Rosenthal & Rosenthal/Gordon Brothers
Lenders
16 Asset Based Loan
2018/11/30 Karius
Life Sciences
Oxford Finance
Lender
25 Term Loan
To expand prouct reach
2018/11/08 Landmark Infrastructure Partners 
Provider/Assets to Wireless Services
SunTrust Bank
Admin Agent
450 Revolver
Replaced exisiting revolver
2018/11/30 Laredo Energy
Natural Gas Exploration
Riverstone Credit Partners
Lead Arranger
200 Term Loan
To pay down previous revolver
2018/10/11 Lilis Energy
Oil and Gas Exploration/Production
BMO Harris
Lead Arranger
500 Revolving
2018/12/03 Limetree Bay Ventures
Refinery Equipment
Westbourne Capital
Lender
700 Term Loan
For re-starting refinery in St. Croix
2018/10/22 Mammoth Energy Services
Energy Services
PNC Capital Markets
Lender
185 Revolver
2018/11/27 MD America Energy
Oil Exploration & Producation Company
MC Credit Partners
Administrative agent
200 First Lien Credit Facility
Expand operations
2018/11/01 MicroVest Capital Management
Asset Management Firm
MetLife Investment Management
Lender
20 5-Year Revolver
2018/12/03 Mitel Networks
Business Communications
Credit Suisse
Admin Agent
1480 Revolver/Term Loans
2018/10/16 NanoString Technologies
Healthcare Focused Investments
CR Group (CRG)
Lender
100 Term Loan with principal aggregate of $60MM
2018/11/02 Natgasoline
Methanol Production Company
JPMorgan/Goldman Sachs
Joint Lead Arrangers
565 Term Loan
2018/11/16 National Vision
Retailer/Eyewear
Goldman Sachs
Admin Agent
200 Term Loan
Jt Lead Arrangers: KKR Capital Markets, Citigroup Global Markets, Goldman Sachs Bank, Merrill Lynch, Barclays Bank, Wells Fargo Securities, Morgan Stanley Senior Funding, Mizuho Bank, UBS Securities, Macquarie Capital and Jefferies Finance
2018/10/08 New Age Beverages
Organic/Natural beverage company
Siena Lending Group
Lender
12 Revolver
2018/11/30 Newmark Group
Real Estate Services
Bank of America Merrill Lynch
Lead Arranger
250 Revolver
For general corporate purposes
2018/11/13 Newtek Business Services
Provider/Business Development
Webster Bank
Arranger
50 $35MM Term Loan/$15MM Revolver
Replaces previous Goldman Sachs term loan
2018/10/26 NFI Group
Bus and Motor Coach Manaufacturing
Bank of Nova Scotia
Admin Agent
100000 5 year term loan
2018/11/26 North American Construction Group
Construction and mining services
National Bank Financial
Lender
300 Revolver
Support strategic prorities
2018/10/01 North Star Leasing
Equipment Financing
People's United Bank
Lead Arranger
60 Expandable senior revolving credit facility
2018/10/08 Northern Oil and Gas
Oil Exploration and Production
Royal Bank of Canada
Admin Agent
750 First lien rovolver
2018/11/13 Nova Wildcat Amerock
Supplier/Hardware for Kitchens & Bathrooms
Monroe Capital
Admin Agent
56 Credit Facility
Supports recap
2018/11/12 Novelion Therapeutics
Biopharmaceutical company
Athyrium Capital Management, Highbridge Capital Management
Lenders
72.5 Term Loan
2018/10/31 Orion Energy Systems
Lighting and energy project solutions
Alliance Bank
Lender
20.15 Revolver
2018/11/26 Pacific Basin Shipping
Dry Bulk Shipping
Danish Ship Finance
Lender
40 Term Loan
Extension of existing term loan
2018/11/12 PennantPark Floating Rate Capital
Provider/Middle Market Direct Lending
SunTrust
Lender
520 Credit Facility
Facility upsized by $115MM
2018/10/29 Permira Funds
Video Software solutions
Vector Capital
Lender
100 Second Lien Term Loan
2018/12/06 Personiv
Outsourcing
CrowdOut Capital
Lender
30 Credit Facility
To provide liquidity
2018/11/07 PFSweb
Provider/Commerce Services
Regions Bank
Admin Agent
60 Revolver
Up to $80MM w/ accordion; Synicate included: BofA & PNC
2018/10/31 Pipestone Oil
Provider/Energy
National Bank Financial
Lead Arranger
198.5 $10MM Revolver/$20MM LoC/$198.5MM Term Loan
2018/10/17 Pope Resources
Master Limited Partnership
Northwest Farm Credit Services
Lender
144 $30MM Revolver/$40MM Delayed Draw Facility/$74.2MM Term Loan
Up to $194MM w/ accordion
2018/10/05 Pretium Resources
Gold Producer
Bank of Nova Scotia
Lender
480 $250 secured non-revolving/$230 revolving
for refinancing the existing construction credit facility, approximately $423 million due on December 31, 2018
2018/12/12 PumpMan Holdings
Pump Services and Repair
Tree Line Capital Partners
Lender
26 First Lien Credit Facility
To support future platform acquisitions and growth initiatives
2018/11/15 Punch Bowl Social.
Restaurant Group
CrowdOut Capital
Lending Syndication Platform
20 Term Loan
Used to open new locations in U.S.
2018/11/20 R. R. Donnelley & Sons
Communicatios & Marketing Services
Bank of America
Admin Agent
500 Term Loan
Co-Syndication Agents: JPMorgan Chase, PNC Capital Markets, Wells Fargo Securities. For debt repayment
2018/11/06 Ross Technology
Metal Fabrication
MB Business Capital 
Admin Agent
10 Senior Credit Facility
To refinance indebtedness and fund working capital
2018/12/06 Ross Technology
Metal Fabrication
MB Business Capital 
Admin Agent
10 Senior Credit Facility
To refinance indebtedness and fund working capital
2018/12/04 Rotam North America
Distribution
MidCap Business Credit
Lender
6 ABL Credit Facility
2018/10/08 Ryder Systems
Fleet Management
Multiple Banks
Administrative agents
140000 5 year global revolving
2018/10/31 Salt Creek Midstream
Portfolio company
Deutsche Bank
Lender
650 Term Loan
2018/10/01 SEACOR Marine Holdings
Marine Transportation/support
DNB Bank
Lender
130 5 year term loan
2018/10/02 ShotSpotter
Provider/Gunfire Detection
Umpqua Bank
Lender
10 Revolver
Facility supports working capital and equipment acquisition
2018/11/08 Sorrento Therapeutics
Immunotherapy biotech company
Oaktree Capital Management
Lender
150 Term Loan
Funds clinical programs in CAR-T and non-opioid pain management
2018/10/15 Spectrum Global Solutions
Telecommunications
Heritage Bank of Commerce
Lender
5 Revolver
2018/12/12 Speed Leasing
Pre-Owned Motorcycle Leasing
Comvest Credit Partners
Admin Agent
60 Senior Credit Facility
2018/12/04 Stone Point Capital
Private Equity Firm
Churchill Asset Management
Lead Arranger
185 Senior Secured Credit Facility
To support acquisition of Eliassen Group
2018/11/13 SuperCom
Provider/Secure Solutions
Fortress Investment
Lender
20 Credit Facility
Supports working capital and growth of business operations
2018/10/12 SurveyMonkey
JPMorgan Chase Bank
Admin Agent
229 $220MM Term and $75MM Revolving
2018/11/16 Synagro
Provider/Residuals Management Solutions
AMP Capital
Lender
190 Term Loan
Supports refi
2018/12/07 SynergEyes
Contact Lens Company
Pacific Mercantile Bank
Lender
4 Revolver/Term Loan
To pursue growth opportunities
2018/11/07 TBL Group
Provider/Transportation Services
Ares Commercial Finance 
Lender
20 Revolver
Supports refi and funds future growth
2018/12/14 Teligent
Specialty Generic Pharmaceuticals
ACF Finco I
Admin Agent
25 Revolver
To redeem or repurchase 3.75% senior notes & for working capital
2018/12/14 Teligent
Specialty Generic Pharmaceuticals
Ares Capital
Admin Agent
95 Term Loans
To redeem or repurchase notes & refinance part of existing term loan
2018/10/02 Tenneco
Manufacturer/Clean Air Products
JPMorgan Chase
Admin Agent
4900 $3.4B Term Loan/$1.5B Revolver
Supports acquisition of Federal-Mogul
2018/11/21 Trakopolis
SaaS Company
ESW Holdings
Lender
3 Term Loan
Pay existing indebtedness to Silicon Valley Bank
2018/12/07 Trican Well Service
Oil and Gas Equipment Services
Bank of Nova Scotia
Admin Agent
275 Upsized Revolver
2018/12/05 Triton International
Freight Container Lessor
PNC Bank
Lead Arranger
1000 Term Loan
Joint Lead Arrangers: ING Belgium, MUFG Bank
2018/10/01 United Rentals
Bank of America Merrill Lynch
Agent
100000 $1B senior secured term loan B credit facility
2018/11/29 Universal Logistics Holdings
Customized Transportation & Logistics Solutions
KeyBank
Admin Agent, Issuing Lender
350 Syndicated Credit Facility
For acquisitions, debt structure streamlining, borrowing cost reduction
2018/10/11 Unknown Transportation Co
Transportation
TAB Bank
Lender
1 Revolver
2018/11/29 uSell.com
Second-hand Cell Phones Retailer
Siena Lending Group
Lender
6 Revolver
To refinance debt & support growth
2018/11/27 Vezer Family Trust
Family Trust
Business Capital
Lender
6 Term Loan
2018/11/08 Vicon Industries
Manufacturer/Security Systems
NIL Funding
Lender
5.6 Term Loan
Replaced existing revolver
2018/11/29 VIQ Solutions
Tehcnology Company
Crown Capital Partners
Lender
15 Term Loan
2018/11/21 Vista Outdoor
Sports equipment manufacturer
Wells Fargo Bank
Admin Agent
599.3 Revolver/Term Loan/Junior Term Loan
Admin agent on Jr. Term Loan: GACP Finance. To pay off existing loans general corporate purposes
2018/12/13 Waitr
Online Ordering & Food Delivery
Luxor Capital Group
Lender
42.1 Term Loans
To partially finance Bite Squad acquisition
2018/10/12 Williams Industrial Services Group
Global Power Equipment
MidCap Financial Services
Admin Agent
15 Revolver
2018/11/27 Zenflow
Medical Devices
Square 1 Bank
Lender
5 Credit Facility
For short-term & long-term growth initiatives