Deal Charts

ABL Deal Chart 2015 Q3

Notable Transactions

Data gathered from direct sources, news releases and other public information (2015/07/01-2015/09/30)

Dollar amounts in millions

Note: Click Column Headings to Activate Sorting Options.

DATEBORROWER/INDUSTRYLENDER/ROLEAMOUNTSTRUCTURE/NOTES
2015/09/027710 Holdings
Provider/Workers' Comp Insurance
Victory Park Capital
Lender
20.0Revolver
2015/07/20A&E Global
Manufacturer/Sewing Thread
KPS Capital Partners
Lead Arranger
275.0$210MM Term Loan/$65MM Revolver
Arrangers/Merrill, HSBC, JPM & PNC
2015/07/15A.H. Harris
Distributor/Construction Supplies
BofA Business Capital
Lender
71.0ABL Revolver
Used to complete recap
2015/08/18Abercrombie Textiles
Manufacturer/Upholstery Fabrics
North Mill Capital
Lender
6.0$4MM Revolver/$2MM Term Loan
2015/09/30Access Integrated Healthcare
Provider/Diagnostic Imaging
Victory Park Capital
Lender
50.0Revolver
2015/08/13Acme Lift
Provider/Wholesale Rentals
WFCF
Lender
60.0Revolver
2015/09/30Alarm Detection Systems
Provider/Alarm Systems
Citizens Bank
Lender
26.0Revolver
Supports acquisition
2015/09/15Alaska Communications
Provider/Telecommunucations
CoBank, ING Capital
Arrangers
100.0$90MM Term Loan/$10MM Revolver
Supports refi
2015/07/10Alpha Natural
Producer/Coal
Citicorp
Admin Agent
445.0Revolver
$138MM/5.25%; $307MM/6.25%
2015/09/02Amedisys
Provider/Hospice Care
BofA
Lead Arranger
300.0$200MM Revolver/$100MM Term Loan
Syndication: JPMorgan Chase, Fifth Third, Citizens
2015/09/22America Midstream
Operator/Pipeline Services
BofA
Admin Agent
750.0Revolver
Upsized from $500MM
2015/08/18American Apparel
Retailer/Clothing
Wilmington Trust
Admin Agent
90.0ABL Revolver
Replaces Capital One as admin agent
2015/07/20Amerijet International
Provider/Transportation & Logistics
NewStar Business Credit
Lender
31.5Revolver/Term Loan
Sponsor: H.I.G. Capital
2015/08/28Ancestry.com
Provider/History Resources
Morgan Stanley
Admin Agent
815.0$735MM Term Loan/$80MM Revolver
Supports refi
2015/07/17Anchor Fabrication
Metal Fabricator
MB Business Capital
Lender
25.0Revolver
Acquisition of Abby Manufacturing
2015/09/16Arlington Capital Partners
Private Equity
NXT Capital
Admin Agent
39.0Revolver
Supports acquisition
2015/07/14Atlas Paper Holdings
Manufacturer/Tissue Products
TD Bank
Lender
23.0ABL Revolver
Advisor/Moelis Capital Partners
2015/09/22Battery Ventures
Provider/Communication Technology
Monroe Capital
Admin Agent
57.0Revolver
Supports acquisition
2015/07/14Bluestem Group
Holding Company
Credit Suisse, U.S. Bank
Lender
410.0ABL Revolver/Term Loan
Acquisition of Orchard Brands
2015/09/22Breatheamerica
Provider/Healthcare Services
Gemino Healthcare
Lender
5.0Revolver
2015/09/01Calypso St. Barth
Retailer/Women's Apparel
First Niagara
Lender
20.0ABL Revolver
2015/08/25Capitala Finance
Provider/Financial Solutions
ING Capital
Admin Agent
120.0Revolver
Upsized from $80MM
2015/07/28Cedar Electronics Holdings
Distributor/Electronics
LBC Credit Partners
Admin Agent
97.0Refinancing
Combined Escort & Cobra Electronics
2015/09/15Centre Lane Partners
Private Equity
Monroe Capital
Admin Agent
12.0Revolver
Supports recap
2015/08/12Channel Partners Capital
Provider/Marketing Services
Monroe Capital
Lender
50.0Term Loan
2015/08/24Charter Communications
Provider/Telecom Services
Merrill Lynch
Lead Arranger
3800.0Term Loan
Syndication: Credit Suisse, Goldman Sachs, Deutsche Bank
2015/09/30Chesapeake Energy
Producer/Natural Gas
MUFG Union
Admin Agent
4000.0Revolver
Syndication: Wells Fargo
2015/07/14Cianna Medical
Manufacturer/Medical Devices
GE Capital HFS
Lender
12.0Term Loan
Added $4MM to existing facility
2015/09/22Claude Resources
Gold Mining Company
Scotiabank
Lender
25.0$15MM Term Loan/$10MM Revolver
2015/09/02Community Intervention Services
Provider/Behavioral Health Svcs.
GE Capital HFS
Admin Agent
55.0Revolver
Supports recap
2015/09/01Continental Casting
Manufacturer/Tools & Dies
PrivateBank
Lender
16.5Revolver
2015/09/03Crosman
Manufacturer/Air Rifles
First Niagara Commercial Finance
Arranger
20.0Revolver
2015/08/28Danier Leather
Manufacturer/Leather Apparel
CIBC
Lender
35.0ABL Revolver
2015/07/20Data Device
Manufacturer/Military Components
Golub Capital
Admin Agent/Arranger
515.0Recap
Sponsor: Behrman Capital
2015/07/20Decisive Communications
Provider/Contracting Services
NewStar Business Credit
Lender
7.5Revolver/Term Loan
Refinancing
2015/08/05Del Taco
Retailer/Mexican-American Food
BofA, Merrill Lynch, J.P. Morgan
Arrangers
250.0Revolver
Refi interest rate 305 bps lower
2015/09/20Dialog Semiconductor
Manufacturer/Semiconductor Services
Morgan Stanley
Lender
2100.0Revolver
Supports acquisition
2015/08/06Dialogtech
Provider/Call Analytics
Square 1
Lender
10.0Revolver
Existing customer
2015/09/16Diana Containerships
Provider/Global Shipping Services
Royal Bank of Scotland
Lender
148.0Term Loan
2015/07/01Diversified Restaurant Holdings
Owner/Restaurants
Citizens Bank
Admin Agent
155.0Term Loan @ $120MM
Acquisition of 18 Buffalo WW restaurants
2015/08/04Dover Saddlery
Retailer/Equestrian Products
Citizens Commercial
Lender
31.5ABL Revolver
Additional $11MM Term Loan provided by Garmark
2015/09/16E Revolution Ventures
Retailer/Online Consumer Goods
MB Business Capital
Lender
17.5Revolver
2015/08/11East Fraser Fiber
Provider/Wood Products
Siena Lending Group
Lender
4.0Revolver
Refinancing
2015/09/22East West Copolymer
Producer/Rubber Products
NewStar Business Credit
Lender
16.0Revolver
2015/09/09Education Corporation of America
Operator/Private Colleges
Monroe Capital
Admin Agent
72.0Revolver
Supports acquisition
2015/08/13Electrical Components International
Manufacturer/Wire Harnesses
BofA, Merrill Lynch
Lead Arranger
50.0Term Loan
Supports recap
2015/09/11Endeavor Schools
Private Schools
AloStar Business Credit
Lender
9.3Revolver
2015/07/01EndoChoice Holdings
Manufacturer/Platform Technologies
Midcap
Lender
58.0$43MM Term Loan/$15MM Revolver
Refinancing
2015/07/24ExteNet
Provider/Distributed Networks
Suntrust Robinson Humphrey
Admin Agent
1000.0Revolver
Supports Recap
2015/07/14Ferrara Fire Apparatus
Manufacturer/Emergency Response Vehicles
MB Business Capital
Lender
24.0Revolver
Portfolio company/Merit Capital Partners
2015/07/16Flavor Producers
Creator/Custom-Formulated Flavors
GE Capital Corporate Finance
Admin Agent
49.5Revolver
GE Capital Markets/Sole lead arranger
2015/08/03Foundation Healthcare
Developer/Ambulatory Surgery Centers
Bank SNB, Texas Capital
Lenders
20.0Revolver
Includes incremental $10MM
2015/08/18Fouts Bros
Designer/Fire Apparatus
Ares Commercial Finance
Lender
5.5Revolver
2015/08/14Frontier Communications
Provider/Telecom Services
JPMorgan Chase
Admin Agent
1500.0Term Loan
Syndicate: Merrill Lynch, Citigroup Global
2015/07/01FTI Consulting
Business Advisory Firm
BofA
Admin Agent
550.0Revolver
Lead arrangers; JP Morgan, HSBC
2015/09/22GameChange Racking
Provider/Solar Racking Systems
Barron Group
Lender
20.0Revolver
2015/09/09Gener8 Maritime
Provider/Crude Oil Transport Svcs.
Nordea Bank Finland
Lender
1540.0Term Loan
2015/07/06General Wireless Operations
Retailer/Electronics
Great American Capital/RBC
Term Lender/ABL Revolver
75.0ABL R3evolver @ $50MM
Dba Radioshack
2015/09/30Gleason Group of Companies
Producer/Lawn & Garden Products
The PrivateBank
Lender
12.5ABL Revolver
2015/08/03Golden Entertainment
Operator/Gaming
Capital One
Admin Agent
160.0$120MM Term Loan/$40MM Revolver
Keybank syndication agent
2015/09/21Gran Tierra Energy
Producer/International Energy
Scotiabank
Admin Agent
500.0Revolver
2015/09/17Grey Line of Tennessee
Provider/Sightseeing & Tour Services
CapX Partners
Lender
7.5Term Loan
2015/07/14H.I.G Capital Affiliate
Private Equity Firm
Monroe Capital LLC
Lender
31.0Revolver
Supports acquisition of Intelius
2015/07/09HW Temps
Provider/Temporary Staffing
Main Street Capital
Lender
17.4Term Loan
$13.9MM funded by Main Street
2015/08/17Hydro Engineering
Manufacturer/Environmental Equipment
TCF Capital Funding
Lender
9.5Revolver
Supports recap
2015/07/27IBEX Global Solutions
Provider/Outsourced Business Processes
PNC
Lender
50.0$40MM Revolver/$10MM Term Loan
Plus $10MM in CAPEX
2015/09/30Ice Air
Distributor/HVAC Units
Investors Bank
Lender
6.5ABL Revolver
2015/09/01Integra LifeSciences
Retailer/Medical Devices
BofA
Lender
1100.0$750MM Revolver/$350MM Term Loan
Upsized from $900MM
2015/07/24Interactive Health
Provider/Wellness Solutions
BMO Harris
Admin Agent
145.0Revolver
Sponsor: Friedman Fleischer & Lowe
2015/07/06Interior Specialists
Contractor/Interior Construction
Garrison Investment/WFCF
Term Lender/ABL Revolver
114.3ABL Revolver @ $40MM
Finances acquisition of Advance Flooring
2015/09/17IronPlanet
Retailer/Used Heacy Equipment
Suntrust
Admin Agent
55.0Revolver
2015/07/08Jack in the Box
Fast Food Restaurant
WF, Merrill Lynch, Rabobank
Jt. Lead Arrangers
1200.0$900MM Revolver/$300MM Term Loan
Increases existing facility
2015/08/19Jaguar Animal Health
Developer/Animal Health Product
Hercules Technology Growth Capital
Lender
8.0Term Loan
2015/09/02Just Energy Group
Retailer/Natural Gas
CIBC
Admin Agent
277.5Revolver
Accordion up to $350MM
2015/08/31Kelso & Company
Private Equity
RBC Capital Markets
Admin Agent
175.0ABL Revolver
Supports acquisition
2015/08/21Kinderhook Industries
Private Equity
TCF Capital Funding
Lender
20.5Revolver
Supports acquisition
2015/08/05L Squared Capital Partners
Private Equity Firm
Monroe Capital
Admin Agent
36.0Unitranche Facility
Supports Virtium buy
2015/07/29Landmark Holdings
Operator/LTC Hospitals
Gemino Healthcare Finance
Lender
10.0Revolver
Advisor/Creative Healthcare Capital
2015/07/29Lonestar Resources
Producer/Oil & Gas
Citibank
Arranger
500.0Credit Facility
New Lenders/Comerica, BBVA Compass & Barclays
2015/09/02Lykins Energy Solutions
Provider/Oil Products
U.S. Bank ABF
Lender
75.0ABL Revolver
2015/08/11Mad Catz
Designer/Video Game Accessories
NewStar Business Credit
Lender
20.0Revolver
Supports refi
2015/08/19Mad Catz
Designer/Video Game Accessories
NewStar Business Credit
Lender
20.0Revolver
2015/08/10Madison Resources Funding
Provider/Payroll Services
Citizens Bank
Arranger
130.0Revolver
Facility increased $35MM
2015/09/15Marco Enterprises
Provider/Pipeline Services
TD Bank
Admin Agent
115.0Revolver
2015/09/08Medical Transcription Billing
Provider/Healthcare IT Solutions
Opus Technology Banking
Lender
10.0$8MM Term Loan/$2MM Revolver
2015/08/11Meridian Waste Solutions
Provider/Waste Collection
Praesidian Capital
Lender
13.7Revolver
Supports recap
2015/09/02MidOcean Partners
Private Equity
NXT Capital
Admin Agent
53.5Revolver
Supports acquisition
2015/08/12Milestone Technologies
Provider/Managed IT Services
Monroe Capital
Admin Agent
42.5Unitranche
Sponsor: H.I.G
2015/07/01Minimally Invasive Devices
Developer/FloShields
Square 1
Lender
5.0Revolver
Life sciences unit
2015/08/11Mohegan Tribal Gaming Authority
Operator/Casinos
Citizens Bank
Admin Agent
90.0Term Loan
Term B loan increase
2015/08/05Navigator Energy Services
Producer/Crude Oil
Wells Fargo
Admin Agent
125.0Revolver
Accordian up to $75MM
2015/07/24Navistar International
Manufacturer/Trucks & Diesel Engines
JPMorgan Chase
Admin Agent
1040.0Term Loan
Arrangers: Goldman Sachs, Credit Suisse
2015/08/07Navistar International
Manufacturer/Trucks & Diesel Engines
JPMorgan Chase
Admin Agent
1040.0Term Loan
Jt arrangers; Goldman Sachs, Credit Suisse
2015/08/13Norstar Tankers
Operator/Oil Tankers
CIT Maritime Finance
Lender
32.0Revolver
2015/08/19Ocata Therapeutics
Developer/Biotechnology Products
Silicon Valley Bank
Lender
10.0Term Loan
2015/09/15Oilfield Steel Supply
Provider/Oilfield Equipment
Marquette Business Credit
Lender
16.0$15MM ABL Revolver/$1MM Term Loan
2015/09/11OpticsPlanet
Retailer/Specialty Eyewear
AloStar Business Credit
Lender
10.0Revolver
2015/07/29Optoro
Platform/Excess Inventory
TriplePoint Venture Growth
Lender
40.0Debt Financing
Square 1 participated
2015/09/01Patrick Industries
Manufacturer/Component Products
Wells Fargo
Admin Agent
300.0Revolver
Supports acquisition
2015/08/31PennantPark Floating Rate Capital
Provider/Capital Solutions
Suntrust, Capital One
Lead Arrangers
290.0Revolver
Upsized from $200MM
2015/08/24Pernix Therapeutics
Provider/Pharmaceuticals
Wells Fargo
Lender
50.0Revolver
2015/09/29Petrowest
Provider/Energy
Bank of Montreal
Lender
90.0Revolver
2015/09/22Pivot Technology Solutions
Provider/Technology Services
JPMorgan Chase
Admin Agent
200.0ABL Revolver
2015/09/01Preferred Fragrance
Distributor/Perfumes
Bibby Financial
Lender
11.0ABL Revolver
2015/09/03PTC Group Holdings
Manufacturer/Steel tubing
JPMorgan Chase
Lender
65.0Loan Facility
2015/08/03Quotient Limited
Provider/Commercial-stage Diagnostics
Midcap Financial
Lenders
50.0Term Loan
Includes conditional $20MM
2015/08/07Rayonier
Producer/Forest Products
CoBank
Admin Agent
550.0$350MM Term Loan/$200 Revolver
Syndicate included Farm Credit institutions
2015/08/25Recept Pharmacy
Retailer/Medications
Webster Business Credit
Lender
10.0Revolver
2015/08/04Redknee Solutions
Provider/Management Software
WFCF, RBC, Capital One
Lenders
100.0Revolver/Term Loan
Supports acquisition of Orga Systems
2015/09/22Regional Management
Provider/Financial Services
BofA
Admin Agent
538.0Revolver
Upsized from $500MM
2015/09/30Reliv International
Producer/Nutritional Supplements
Enterprise Bank
Lender
6.8$3.5MM Revolver/$3.25MM Term Loan
2015/07/22Renewable Energy Group
Producer/Advanced Biofuels
WFCF
Lender
60.0Revolver
Increased from $40MM
2015/07/27Renewable Energy Group
Producer/Biofuels
WFCF
Lender
60.0Revolver
Increased from $40MM
2015/07/14RET Capital
Renewable Energy Trust Capital
MUFG
Arranger
239.0Term Loan
Coram Wind project acquisition
2015/09/24Roadrunner Transportation
Provider/Transportation Services
U.S. Bank
Admin Agent
700.0Revolver
Upsized from $550MM
2015/08/26Rockport Group
Manufacturer/Shoes
Citizens
Admin Agent
60.0Revolver
2015/09/22Rogers Enterprises
Retailer/Jewelry Stores
Citizens
Arranger
60.0ABL Revolver
2015/09/22Rush Enterprises
Retailer/Transportation Equipment
GE Capital
Admin Agent
850.0Revolver
2015/07/29Ryerson Holding
Distributor/Metals
BofA
Admin Agent
1000.0Revolver
Repay previous facility
2015/09/23S&W Seed
Provider/Agricultural Services
KeyBank
Lender
20.0ABL Revolver
2015/08/18Saga Communications
Operator/Broadcast Properties
J.P. Morgan Securities
Admin Agent
100.0Revolver
Syndication: Huntington, Citizens Bank
2015/07/01Sarepta Therapeutics
Developer/RNA-based Medicine
Midcap
Lender
40.0Term Loan
Annual interest rate @ 7.75%
2015/08/26Sebacia
Provider/Medical Devices
Square 1
Lender
10.0Revolver
2015/09/10Select Comfort
Manufacturer/Beds
KeyBank
Admin Agent
100.0Revolver
Supports acquisition
2015/09/11Seven Stone Surface Fabrication
Manufacturer/Countertops
AloStar Business Credit
Lender
9.0Revolver
2015/08/05Silver Standard Resources
Developer/Natural Resources
CIBC
Admin Agent
75.0Revolver
Lenders include; Scotiabank, BOM
2015/07/28Southern Parallel
Producer/Lumber
Siena Lending
Lender
8.0Revolver/Term Loan
Purchase of sawmill, planer mill
2015/07/13SS&C Technologies
Provider/Financial Software
Deutsche Bank NY
Admin Agent
2630.0Revolver/Term Loan
Supports acquisition of Advent Software
2015/07/13Stanfield Capital
Investment Manager
MB Business Capital
Lender
12.5Revolver
Supports acquisition of Nextten Stauer
2015/07/31Star Gas Partners
Provider/Home Heating Energy
JPMorgan Chase
Admin Agent
400.0$300MM ABL Revolver/$100MM Term Loan
Included $100MM L/C
2015/07/15Strategic Funding Source
Provider/Small Business Loans
CapitalSource
Lender
90.0Revolver
Syndicate includes East West Bank, Bank United
2015/09/11Stride Tool
Manufacturer/Hand Tools
AloStar Business Credit
Lender
10.5Revolver
2015/08/18Sumitomo Mitsui Banking
Provider/Financial Services
Fifth Street Financial
Lender
125.0Revolver
2015/08/13SunEdison
Developer/Renewable Energy
Deutsche Bank
Lender
150.0Term Loan
2015/08/11Symphony Technology
Private Equity Firm
LBC Credit
Admin Agent
70.5Term Loan
Supports Become & PriceGrabber buy
2015/07/14System One
Staffing Firm
Prospect Capital
Lender
11.8Term Loan
Supports AECOM's quality programs business buy
2015/07/20Tapp Label
Manufacturer/Beverage Labels
BMO Harris
Admin Agent
42.4Revolver
Supports Metro Label buy
2015/08/17Techniplas
Producer/Plastic Components
BofA Business Capital
Lender
30.0ABL Revolver
2015/08/12TerraForm Private Warehouse
Provider/Clean Energy
Morgan Stanley, Citi, Goldman Sachs
Arrangers
280.0Term Loan
Syndicate: SunEdison & TerraForm Power
2015/08/10The Jordan Group
Private Equity Firm
CIT Group
Lead Arranger
165.0Revolver
Supports DiversiTech buy
2015/09/16The William Carter Company
Retailer/Children's Clothing
JPMorgan Chase
Admin Agent
500.0Revolver
Upsized from $375MM
2015/07/09Third Century Investment
Manager/Private Equity Capital
Marquette Business Credit
Lender
5.0$4MM ABL Revolver/Term Loan
Acquisition Financing
2015/08/21Three J's Distributing
Distributor/Breads & Pastries
NewStar Business Credit
Lender
5.0Revolver
2015/07/06Total Hockey
Retailer/Sports Equipment
Citizens Retail/Gordon Brothers
ABL Revolver/Term Lender
35.0ABL Revolver @ $30MM
2015/08/17TransEnterix
Provider/Medical Devices
Oxford Finance, SVB
Lenders
30.0Revolver
Upsized from $25MM
2015/07/20Truett-Hurst
Producer/Wine
Bank of the West
Lender
10.0Revolver
Upsized from $9MM
2015/07/23Turtle Beach
Designer/Audio Peripherals
Crystal Financial
Lender
15.0Term Loan
Rate: LIBOR plus 10.25%
2015/07/31U.S. Corrugated
Manufacturer/Boxes
First Niagara Commercial Finance
Arranger
43.5ABL Revolver/Term Loan
Existing lender refinanced
2015/09/30UCI Holdings
Manufacturer/Vehicle Parts
Credit Suisse AG
Admin Agent
125.0ABL Revolver
2015/08/11Unify Square
Provider/Software
Bridge Bank
Lender
7.0$4MM Term Loan/$3MM Revolver
Microsoft partner
2015/07/29Univar
Distributor/Specialty Chemicals
BofA
Admin Agent
1040.0$1.3B ABL Revolver/$100MM Term Loan
Used to prepay outstanding debt
2015/07/23Urban Outfitters
Operator/Retail Stores
JPMorgan Chase
Admin Agent
400.0ABL Revolver
Arranger: Wells Fargo
2015/08/05Vitaligent
Retailer/Fast Food
GE Capital Franchise Finance
Lender
11.0Revolver
Supports buy of 77 Jamba Juice franchise locations
2015/09/30VWR Corporation
Provider/Laboratory Products
Citibank
Admin Agent
1670.0Term Loan/Revolver
2015/09/15Webster Capital
Private Equity
CIT Healthcare Finance
Lender
26.5Revolver
Supports recap
2015/07/09Welcov Healthcare
Provider/Assisted Healthcare Services
CapitalSource
Lender
56.1Revolver/Term Loan
Refinance existing debt
2015/07/17WESTliving
Operator/Assisted Living Facilities
CapitalSource
Lender
28.5Term Loan
Supports assisted living facility buy
2015/07/23Wolverine Worldwide
Marketer/Branded Apparel
JPMorgan Chase
Admin Agent
950.0$500MM Revolver/$450MM Term Loan
Co-syndication agents: Wells Fargo, MUFG
2015/09/29World Class Technology
Manufacturer/Orthodontic Products
NewStar Business Credit
Lender
6.5Revolver
2015/08/28Wynnchurch Capital
Private Equity
BMO Harris
Lender
30.0Revolver
Supports acquisition