Deal Charts

ABL Deal Chart 2014 Q1

Notable Transactions

Data gathered from direct sources, news releases and other public information (2014/01/01-2014/03/31)

Dollar amounts in millions

Note: Click Column Headings to Activate Sorting Options.

DATEBORROWER/INDUSTRYLENDER/ROLEAMOUNTSTRUCTURE/NOTES
2014/01/24A. M. Castle
Distributor/Specialty Metal & Plastic
Wells Fargo
Admin Agent
125.0ABL Facility
Up to $150MM w/ accordion; increases existing facility
2014/01/02Acura Pharmaceuticals
Provider/Specialty Pharma Services
Oxford Finance
Lender
10.0Term Loan
Four-year term
2014/03/18AK Steel
Producer/Metallurgical Coal
BofA, J.P. Morgan Sec, Wells Fargo
Jt Ld Arrangers
1100.0Revolver
5-year term; replaces existing facility
2014/03/10Aker Philadelphia Shipyard
Manufacturer/Shipyard Vessels
Tennebaum Capital Partners
Ld Lender
65.0Term Loan
2014/03/21Alfred Music Publishing
Publisher/Educational Music Products
Crystal Financial
Lender
20.0Term Loan
2014/01/09Alliance Time & Ashford.com
Wholesaler/Luxury Watches & Specialty Jewelry
Monroe Capital, BofA Merrill
Lenders
67.0$40MM Revolver/$27MM Term Loan
BofA ML provided the revolver; Monroe provided the term loan
2014/02/25AMSCO Steel
Distributor/Steel & Aluminum
Marquette Business Credit
Lender
6.0ABL Revolver
2014/02/20Associated Steel
Manufacturer/Metal Building Systems
LBC Credit Partners
Agent
15.0Term Loan
Supports acquisition; Promus Equity Partners portfolio company
2014/03/25Asure Software
Provider/Time & Labor MGMT Solutions
Wells Fargo Bank
Admin Agent
18.0$3MM Revolver/$15MM Term Loan
2014/01/31Atlantic Power
Operator/Power Generartion Assets
Goldman Sachs Lending Partners & BofA
Jt Ld Arrangers
800.0$200MM Revolver/$600MM Term Loan
Replaces existing facility
2014/01/28Billabong
Retailer/Sports Apparel
GE Capital
Admin Agent & Ld Arranger
100.0Multicurrency Revolver
2014/01/06Bob Evans Farms
Operator/Full-Service Restaurants
PNC Bank
Admin Agent
750.0Revolver
2014/01/14Bolts & Nuts
Distributor/Comm'l & Construction Bolts & Fasteners
Cole Taylor Business Capital
Lender
6.0Revolver
2014/01/22BookIt.com
Provider/Online Travel Services
Monroe Capital
Lender
10.0Term Loan
Supports growth; BooktIt advised by Essex Capital
2014/03/12Callon Petroleum
Provider/Oil & Natural Gas Services
JPMorgan Chase
Admin Agent
625.0$500MM Revolver/$125MM Term Loan
5-year term
2014/03/06Cantel Medical
Provider/Infection Prevention & Control Products, Services
BofA, Wells, PNC
Ld Lender
250.0Revolver
Maturity extended through March 2019; refinances debt
2014/03/20Cimarron Acid & Frac
Provider/Pressure Pumping Services
Cole Taylor Business Capital
Lender
8.0Revolver
Annapurna Cap Mgmt portfolio company
2014/02/24Cloud Peak Energy
Producer/Coal
PNC Bank
Admin Agent
500.0Revolver
2014/01/29Coating Excellence Intl
Provider/Extrusion Coating & Printing Services
BMO Harris Bank, Sponsor Finance
Sole Ld Arranger, Sole Bookrunner & Admin Agent
99.0Revolver
Mason Wells portfolio company
2014/01/23Crumbs Bake Shop
Provider/Gourmet Cupcakes
Fischer Enterprises
Lender
5.0Revolver
Supports new business plan
2014/02/20Diamond Foods
Provider/Packaged Food
Wells Fargo/Credit Suisse
Admin Agent & Sole Ld Arranger/Admin & Col Agent
539.0$125MM ABL/$415MM Term Loan
4.5-year terms; credit agreements replace previous facility w/ BofA as admin agent
2014/01/14Diamonds Direct
Retailer/Diamonds & Diamond Jewelry
GB Credit Partners
Lender
15.0Term Loan
2014/02/05Diamonds Direct USA
Operator/Retail Diamond Stores
AloStar Business Credit
Lender
20.0Revolver
2014/02/14Double B Foods
Manufacturer/Frozen Food Appetizers
Cole Taylor Business Capital
Lender
8.0Revolver
Refinances debt; Atlantic Street Capital Management portfolio company
2014/02/24Dragone Classic Motor Cars
Auctioneer/Classic Cars
Webster Business Credit Corp
Lender
15.0Revolver
Refinances debt
2014/01/07DragonWave
Provider/Packet Microwave Solutions
Comerica Bank & Export Development Canada
Lenders
40.0ABL Revolver
Two-year term
2014/02/10Dunkin' Brands Group
Franchisor/Quick Service Restaurants
Barclays Bank
Admin Agent
1929.0$100MM Rev/$1.379B TL/$450MM TL
3-, 5-, & 7-yr terms; replaces existing facilities
2014/03/07ENTREC
Provider/Heavy Lift & Haul Services
Wells Fargo Capital Finance Canada
Ld Lender
240.0ABL Facility
5-yr term; lenders: Scotiabank, Canadian Western, TD Bank & National Bank of Canada; replaces previous facility
2014/03/26Euramax Holdings
Manufacturer/Building Products
Regions Bank
Admin & Col Agent
70.0Revolver
Sole ld arranger: Regions Business Capital
2014/01/16Evergreen Enterprises of Virginia
Wholesale Distrib/Home Furnishings
Wells Fargo Capital Finance
Sole Ld Arranger & Bookrunner
55.0Revolver
2014/01/28First Quantum Minerals
Provider/Mining Development Projects
BNP Paribas & Standard Charter Bank
Mandated Ld Arrangers & Underwriters
2500.0$1.5B Revolver/$1B Term Loan
5-yr terms
2014/01/31FourPoint Energy
Provider/Energy Services
JPMorgan Chase, Wells Fargo Bank
Lenders
250.0Revolver
Sole ld arranger & bookrunner: J.P. Morgan Sec
2014/03/21Fulcrum IT Services
Provider/Tech Consulting & Services
BMO Harris Bank, Sponsor Finance
Sole Ld Arranger, Sole Bookrunner & Admin Agent
25.0Revolver
Boyne Capital Partners portfolio company
2014/01/23General Employment
Provides Hiring Services
Keltic Financial
Lender
6.0Revolver
Refinances existing facility
2014/03/12Hamilton Metals
Distributor/Corrosion Resistant Alloys
PNC Bank
Lender
50.0ABL Facility
2014/01/07Harley Marine Services
Provider/Marine Petroleum Transportation Services
GE Capital, Corporate Finance
Admin Agent
285.0Revolver/Term Loan
Sole bookrunner & sole ld arranger: GE Cap Mkts
2014/01/07Ignyta
Developer/Precision Medicine
Silicon Valley Bank
Lender
10.0Term Loan
Replaces previous $1.5 million facility
2014/03/07ILFC
Lessor/Aircraft
Deutsche, Goldman
Jt Ld Arrangers & Jt Bookrunners
1500.0Term Loan
Jt bookrunner: RBC Capital; supports aircraft purchases
2014/01/14Intcomex
Distributor/IT Products
PNC Cap Mkts & BankUnited
Co-Ld Arrangers
150.0Revolver
5-year term; concurrent $20MM shareholder equity
2014/01/30Interflex Acquisition Co
Manufacturer/Printed & Flexible Packing Solutions
BMO Harris Bank Sponsor Finance
Jt Ld Arranger, Jt Bookrunner & Admin Agent
72.0Revolver
2014/02/04iPipeline
Provider/Sales Distrib Software
Capital One Bank
Lender
42.5Revolver
2014/03/21Jack in the Box
Operator/Franchise Fast Food Restaurants
Wells Fargo, Merrill Lynch
Jt Ld Arrangers
800.0$600MM Revolver/$200MM Term Loan
5-year term
2014/03/28JAKKS Pacific
Developer/Toys & Leisure Products
GE Capital, Corporate Finance
Admin Agent
75.0Revolver
2014/03/06JW Resources
Operator/Thermal & Metallurgical Coal Mining
GB Credit Partners
Lender
15.0Revolver/Term Loan
2014/03/28Katy Industries
Distributor/Comm'l Cleaning Products
BMO Harris Bank
Sole Lender
27.0Revolver
2014/01/30Kayne Anderson Energy Dev Co
Investor/Energy Companies
SunTrust Bank
Admin Agent
120.0Revolver
3-yr term; arrander & book mgr: SunTrust RH; syn agent: Citibank; co-doc agents: UBS Sec & Scotia Bank
2014/03/21KDH Defense Systems
Manufacturer/Body Armor
MidCap Business Credit
Lender
7.5ABL Revolver
2014/03/06Laney Directional Drilling
Provider/Drilling Services
CIT Corp Fin
Sole Ld Arranger, Sole Bookrunner & Admin Agent
43.0Revolver
Chart Capital Partners portfolio company; financing provided by CIT Bank
2014/02/05Legacy Cabinets
Manufacturer/Home Cabinetry
PNC Bank
Lender
13.5$10MM ABL Revolver/$3.5MM Term Loan
2014/03/07Lehigh Gas Facility
Distributor/Motor Fuels
Citizens Bank of PA
Admin Agent
450.0Revolver
5-yr term; jt ld arrangers & bookrunners: RBS Cit, KeyBank & Wells Fargo Sec; co-syn agents: Wells & KeyBank; co-doc agents: BofA, M&T Bank, RBC & Santander
2014/02/25Lighting Science
Provider/Enviro-Friendly Lighting Solutions
Medley Capital
Agent
53.0Revolver
2014/03/27LKQ
Provider/Collision Parts
Wells Fargo Sec
Left Ld Arranger & Left Bookrunner
2300.0$1.85B Revolver/$450MM Term Loan
Jt ld arrangers & jt bookrunners: Merrill, Bank of Tokyo-Mitsubishi & RBS Cit; admin agent: Wells Fargo; syn agent: BofA
2014/03/05Long's Drugs
Provider/Retail Pharmacy Services
Healthcare Finance Group
Sole Ld Arranger, Admin Agent & Lender
79.0Debt Facility
Fifth St Fin served as admin agent, sole ld arranger & lender for $13MM subordinated debt; HFG provided $66MM sr. debt
2014/03/05Lucid Energy Group
Developer/Oil & Gas Infrastructure Facilities
Wells Fargo Sec, Cadence Bank
Jt Ld Arrangers
200.0Revolver
4-yr term; private equity commitments: EnCap Flatrock Midstream
2014/03/21MarkWest Energy
Provider/Natural Gas Transportation Services
Wells Fargo, RBC Cap Mkts
Jt Ld Arrangers & Jt Ld Bookrunners
1300.0Revolver
5-year term; up to $1.8B w/ accordion
2014/03/20Matrix Service
Provider/Engineering Services
JPMorgan Chase
Admin Agent
200.0Revolver
5-year term; sole ld arranger & bookrunner: J.P. Morgan Sec
2014/03/11MB Precision
Provider/Fabrication, Assembly & Test Services
BMO Harris Bank
Sole Lender
25.0ABL Revolver
Insight Equity portfolio company
2014/02/05Meritage Midstream Services II
Provider/Oil & Gas Midstream Services
Deutsche Bank Trust Americas
Admin Agent
125.0Revolver
3-yr term; up to $175MM w/ accordion; jt ld arrangers & lenders: Deutsche Bank AG, Citibank, RBC & RBS
2014/02/03National Mentor Holdings
Provider/Home & Community Health & Human Services
Barclays Bank
Admin Agent
750.0$100MM Revolver/$600MM Term Loan/$50MM Cash Coll Acct
Replaces existing facilities
2014/01/28New Beginnings Care
Operator/Skilled Nursing Facilities
Gemino Healthcare Finance
Lender
8.0Revolver
2014/02/18New Enterprise Stone & Lime
Supplier/Construction Materials
PNC Bank/Wells Fargo Bank
Admin Agent/Syn Agent
175.0$105MM Revolver/$70MM Term Loan
2014/02/14NewPage
Producer/Printing & Specialty Papers
Barclays Bank, Credit Suisse Sec
Ld Lenders
1100.0ABL Facility/Term Loan
Barclays led the ABL; Credit Suisse Sec led the term loan
2014/02/20NextCare Holdings
Provider/Urgent Care & Occupational Medical Services
Madison Capital
Admin Agent
145.0Revolver
Enhanced Equity Funds portfolio company; received commitments from NXT Cap, Siemens Financial, BDC of America, Jefferies & Fifth St Sr Floating Rate
2014/01/06NGL Energy Operating
Provider/Energy Services
Deutsche Bank Trust Company Americas
Admin Agent & Col Agent
935.5Revolver
$50MM facility increase
2014/03/12Nova USA Wood Products
Importer/Hardwood Flooring Products
First Capital
Lender
5.0ABL Revolver
2014/03/19Nuverra Environmental Solutions
Provider/Enviro Solutions
Wells Fargo, RBS Cit, BofA, CIT Fin & Cap One BC
Ld Lenders
245.0Revolver
2014/02/04Nuverra Environmental Solutions
Provider/Environmental Energy & Industrial Solutions
Wells Fargo
Admin Agent
200.0Revolver
Up to $225MM w/ accordion; jt ld arrangers & jt bookrunners: Wells Fargo, RBS Citizens & BofA
2014/02/21OddLot Entertainment
Producer/Film & TV
J.P. Morgan, Comerica
Co-Ld Arrangers
50.0Revolver
Up to $150MM w/ accordion
2014/03/05Omeros
Provider/Biopharmaceutical Services
Oxford Finance, MidCap Financial
Lenders
32.0Term Loan
4-year term; repays prior loan agreements
2014/03/24Orient-Express
Operator/High-End Hotels, Cruise & Train Services
Barclays, J.P. Morgan
Jt Ld Arrangers
657.0$105MM Revolver/$552MM Term Loan
5-yr multi-currency revolver; term loan B comprises: $345MM & €150MM tranches
2014/01/08OW Bunker
Supplier/Bunker Fuel & Shipping Supplies
ING Bank
Ld Lender
700.0Revolver
Refinances debt; Altor portfolio company
2014/02/13Park Electrochemical
Developer/Digital & RF-Microwave Printed Circuit Materials
PNC Bank
Lender
104.0Revolver
4-year term; replaces existing facility
2014/01/13PerkinElmer
Provider/Technology Services
JPMorgan Chase
Admin Agent
700.0Revolver
Replaces previous credit agreement; co-syn agents: BofA & Barclays; co-doc agents: RBS, Citibank & HSBC; jt bookrunners & ld arrangers: J.P. Morgan Sec & Merrill
2014/01/08Permian Basin Materials
Provider/Ready-Mix Concrete & Sand, Gravel & Limestone Aggregate
GE Capital, Corporate Finance
Admin Agent
72.5Revolver
Supports Crockett County Mining, Highland Concrete & Wallach Concrete acquisitions; sole Ld Arranger & bookrunner: GE Cap Mkts
2014/01/13Perry Ellis
Designer/Apparel, Accessories & Fragrances
Wells Fargo/BofA
Agent/Syndication Agent
125.0Revolver
Max $200MM w/ $25MM increments
2014/03/25Phillips Pet Food & Supplies
Distributor/Pet Food & Supplies
BMO Harris Bank
Jt Ld Arranger, Jt Bookrunner & Admin Agent
60.0Revolver
Thomas H. Lee Partners portfolio company
2014/01/22Proteus Digital Health
Provider/Digital Health System
Oxford Finance, Silicon Valley Bank
Lenders
31.5Revolver/Term Loan
Supports growth
2014/02/12Rainbow Play Systems
Manufacturer/Children's Wooden Outdoor Playscapes
NewStar Business Credit
Lender
11.0Revolver/Term Loans
Refinances debt
2014/01/31Recochem
Distributor/Consumer & Industrial Chemical Products
GE Capital Canada Finance
Admin Agent & Swingline Lender
165.0Revolver
Sold ld arranger & bookrunner: GE Capital Markets
2014/03/20Rent-A-Center
Provider/Rent-to-Own Services
JPMorgan Chase
Admin Agent
900.0$675MM Revolver/$225MM Term Loan
Up to $1.15B w/ accordion; syn agents: BofA, BBVA Compass, Wells Fargo & SunTrust Bank
2014/03/31RockPile Energy Services
Provider/Energy Services
Citibank & Wells Fargo Bank
Jt Ld Arrangers & Jt Bookrunners
100.0Revolver
Admin agent: Citibank; up to $250MM w/ accordion
2014/01/07Samuels Jewelers
Retailer/Jewelry
GB Credit Partners
Lender
10.0Term Loan
Supported by second lien on inventory & receivables
2014/02/18Seadrill Partners
Operator/Offshore Drilling Rigs
Deutsche Bank Securities
Sole Global Coordinator
1900.0$100MM Revolver/$1.8B Term Loan B
Jt ld arrangers & jt bookrunners: Deutsche Bank Sec, Credit Suisse Sec, Barclays & RBC Cap Mkts; co-managers: ABN AMRO Cap, HSBC Sec, ING Bank & BNP Paribas Sec
2014/02/03Senco Brands
Manufacturer/Contractor Power Tools
LBC Credit Partners
Admin Agent, Sole Ld Arranger & Sole Bookrunner
42.5Term Loan
Supports Senco recap
2014/01/27Shop-Vac
Provider/Wet-Dry Vacuum Cleaners
GE Capital, Corporate Finance
Agent & Sole Lender
70.0Revolver
Supports international growth
2014/01/15Silgan Holdings
Supplier/Shelf-Stable Food Packaging Services
Wells Fargo Sec, Merrill, Citigroup Global Mkts & Goldman Sachs
Jt Ld Arrangers & Jt Book Mgrs
1727.7Multicurrency Revolver & Term Loans
Multicurrency revolver: $1B; term loans: US$365MM, €220MM & C$70MM
2014/02/06Silver Airways
Operator/Airline
GB Credit Partners
Admin Agent
73.0Revolver
Victory Park Capital portfolio company
2014/03/14Sipi Metals
Recycler/Precious Metals
BMO Harris Bank
Admin Agent
54.0ABL Facility
2014/02/18Sotheby’s
Auctioneer/Art
GE Capital, Corporate Finance
Admin & Col Agent
600.0Revolver
Jt ld arranger & jt bookrunner: GE Cap Mkts
2014/01/15Star Gas Partners
Retail Distrib/Home Heating Oil
JPMorgan Chase
Admin Agent
450.0Revolver
Co-syn agents: BofA & RBS Citizens; jt ld arrangers & jt bookrunners: JPM Sec, Merrill & RBS Citizens; co-doc agents: KeyBank, Regions Bank, WFCF & BMO HB
2014/01/06Stoli Group USA
Producer/Vodka
GE Capital, Corporate Finance
Lender
50.0Revolver
Up to $1.05B w/ accordion; sole bookrunner: PNC Cap; jt ld arrangers: PNC Cap, J.P. Morgan Sec, Merrill & Wells Fargo; co-syn agents: BofA, JPM Chase & Wells Fargo
2014/01/07Talon International
Supplier/Custom Zippers
Union Bank
Lender
8.5$3.5MM Revolver/$5MM Term Loan
Repays $5.8MM debt to CVC California; supports growth
2014/02/06Tangent Medical
Developer/IV Therapy Services
GE Capital, Healthcare Fin Services
Agent & Sole Lender
5.0Term Loan
Supports commercialization & development efforts
2014/03/05Teters Floral Products
Supplier/Artificial Floral Products
BofA Business Capital
Lender
20.0Revolver
2014/03/24Textron
Provider/Aviation Products
JPMorgan Chase
Admin Agent
500.0Term Loan
5-year term; supports Beechcraft acquisition; syn agents: Citibank & BofA
2014/01/21Times Publishing Company
Publisher/Newspapers
Crystal Financial
Lender
28.0Term Loan
2-yr term; refinances debt; supports growth
2014/03/04Tronair
Provider/Ground Support Equipment
BMO Harris Bank Sponsor Finance
Admin Agent, Jt Ld Arranger & Jt Bookrunner
51.0Revolver
Levine Leichtman portfolio company
2014/03/25Trover Solutions
Provider/Outsourced Insurance Subrogation
BMO Harris Bank, Sponsor Finance
Jt Ld Arranger, Jt Bookrunner & Admin Agent
124.5Revolver
ABRY Partners portfolio company
2014/02/18United Road Services
Provider/Vehicle Transport & Logistics Services
PNC Bank
Lender
50.0ABL Facility
Funds Waggoner Trucking division acquisition; Charlesbank Cap Partners portfolio company
2014/03/28UTi Worldwide
Provider/Supply Chain Services
Citigroup Global Mkts, Morgan Stanley Sr Funding & Bank of the West
Lenders
150.0ABL Revolver
5-year term
2014/02/06ValueVision Media
Multichannel Retailer/Various Merchandise
PNC Bank
Lender
75.0$60MM Revolver/$15MM Term Loan
4-year term; $25MM increase
2014/02/25Venio (d/b/a Keane)
Provider/Outsourced Unclaimed Property Solutions
BMO Harris, Sponsor Finance
Jt Ld Arranger, Jt Bookrunner & Admin Agent
45.0Revolver
Lovell Minnick Partners portfolio company
2014/03/28Vermont Castings Group
Manu & Distrib/Hearth Products
The PrivateBank
Lender
27.5$20MM Revolver/$7.5MM Term Loan
2014/03/13Vicwest
Distributor/Storage & Handling Systems
CIBC
Admin Agent
120.0ABL Facility
Up to $145MM w/ accordion; lenders: CIBC, National Bank of Canada, RBC & Scotiabank; replaces existing revolver
2014/03/03Wesco Aircraft Holdings
Provider/Chemical Supply Chain MGMT Solutions
BofA Merrill Lynch
Ld Arranger
525.0Term Loan B
Supports Haas Group acquisition; joint bookrunners: Barclays, Morgan Stanley SF & RBC Cap Mkts
2014/03/18Windsor Quality Food
Manufacturer/Private Label Food
BMO Harris
Admin Agent, Jt Ld Arranger, Jt Bookrunner
100.0Revolver
2014/01/07Wise Metals Group
Provider/Alloys, Recycling & Maintenance Services
GE Capital, Corporate Finance
Admin Agent
340.0Revolver
Sole ld arranger & jt bookrunner: GE Cap Mkts
2014/01/07World Energy Solutions
Provider/Energy MGMT Services
Commerce Bank
Lender
8.0$2.5MM Revolver/$6MM Term Loan
Three-year term; replaces previous $9MM facility w/ SVB
2014/01/22Worldwise
Manufacturer/Pet Accessories
Salus Capital Partners
Lender
20.0Revolver
2014/03/25WTG Fuels
Distributor/Fuel & Propane
BBVA Compass
Sole Ld Arranger & Admin Agent
60.0ABL Facility
2014/03/25XPO Logistics
Provider/Transportation Logistics
Morgan Stanley Bank, JPM, Credit Suisse, Citibank Deutsche KeyBank
Ld Lenders
415.0ABL Facility
4-year term
2014/01/21Xtreme Drilling and Coil Services
Operator/Drilling Rigs
Wells Fargo
Lead Bank
150.0Revolver
3-yr term; up to $175MM w/ accordion
2014/02/14YRC Worldwide
Provider/Shipping Services
RBS Citizens Business Capital
Admin Agent
1150.0$450MM ABL Revolver/$700MM Term Loan
5-year term; debt refi; jt ld arrangers: CIT Corp Fin & BofA Merrill; CIT Bank provided financing