Robust Results: Upswing Leaves ABL Lenders Optimistic for 2018

Despite political turbulence and Mother Nature running amuck, ABL lenders saw an upswing in business in 2017 after two flat years. ABF Journal contributor Lisa Miller spoke with five ABL executives who described a robust year filled with new partnerships and business opportunities and an optimistic outlook for 2018.

Capital One Provides $200MM Facility to VerticalScope

Capital One served as sole lead arranger, sole bookrunner and administrative agent for a five-year, $200 million senior credit facility to VerticalScope.

Capital One Provides $75MM ABL to Chesswood Group

Toronto-based Chesswood Group’s subsidiary Pawnee Leasing closed a new S$75 million non-recourse asset-backed facility with Capital One. This is the company’s first U.S.-based securitization.

Deutsche, Capital One, Fifth Third Support CryoLife Buy of JOTEC

CryoLife, a medical device and tissue processing company focused on cardiac and vascular surgery, entered into a definitive agreement to acquire JOTEC.

Capital One Downsizes StoneMor Facility to $200MM

StoneMor amended its secured credit facility with a bank group led by Capital One as administrative agent, reducing the revolver from $210 million to $200 million.

Capital One Leads $65MM Harbor Group Consulting Facility

Capital One Sponsor Finance led a $65 million senior secured credit facility for Harbor Group Consulting. Capital One acted as administrative agent and sole lead arranger.

Enhanced Credit Changes Name to Hark Capital, Closes $203MM Fund

Enhanced Credit Supported Loan Fund, a part of the Enhanced Capital family of funds, is changing its name to Hark Capital. The company closed its second fund with $203 million of commitments, including a revolving credit facility from Capital One.

Wells Fargo Upsizes Pool Corporation Facility to $750MM

Pool Corporation amended its existing senior credit facility, increasing the borrowing capacity to $750 million from $465 million. Wells Fargo was administrative agent and joint lead arranger.

Capital One Upsizes ABL Commitment for Maxim Healthcare

Capital One provided a $30 million increase to its asset-based revolving credit facility for Maxim Healthcare Services.

Capital One Agents $70MM Facility for Permian Basin Materials

Capital One Sponsor Finance led a $70 million senior secured credit facility for Permian Basin Materials, majority-owned by funds managed by WL Ross.