Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 01/01/16 through 03/31/16.
DATE | BORROWER/INDUSTRY | LENDER/ROLE | AMOUNT | STRUCTURE/NOTES |
---|---|---|---|---|
2016/01/12 | 101.1 More FM/WBEB Provider/Radio Broadcasting |
Monroe Capital Admin Agent |
35 | Revolver Supports recap |
2016/01/12 | Accuray Manufacturer/Treatment Solutions |
Cerberus Business Finance Lender |
70 | Term Loan |
2016/01/19 | Acorda Therapeutics Developer/Therapeutic Drugs |
JPMorgan Chase Admin Agent |
60 | ABL Revolver Supports acquisition of Biotie Therapies |
2016/02/10 | Aerospace Manufacturing Group Holding Company |
AloStar Lender |
14 | Revolver |
2016/03/29 | Alloy Wheel Repair Specialists Provider/Alloy Wheel Repair |
Monroe Capital Admin Agent |
42.5 | Revolver |
2016/01/05 | American Electric Technologies Provider/Power Delivery Solutions |
Frost Bank of Texas Lender |
8.5 | $4.5MM Revolver/$4MM Term Loan |
2016/01/06 | American Mortgage Consultants Provider/Mortgage Loans |
Monroe Capital Admin Agent |
27.5 | Revolver Supports acquisition of JCIII & Associates |
2016/03/11 | AMETEK Manufacturer/Electronic Instruments |
JPMorgan Chase Admin Agent |
850 | Revolver Facility upsized from $700MM |
2016/01/04 | AMN Healthcare Provider/Workforce Solutions |
SunTrust Admin Agent |
350 | $275MM Revolver/$75MM Term Loan Supports acquisition of B.E. Smith |
2016/03/01 | Avid Technology Worldwide Provider/Digital Solutions |
Cerberus Business Finance Admin Agent |
105 | $100MM Term Loan/$5MM Revolver |
2016/01/25 | AZON Metals Manufacturer/Steel |
NewStar Business Credit Lender |
24 | Credit Facilities |
2016/03/18 | Ball Corporation Supplier/Packaging Solutions |
Deutsche Bank NY Admin Agent |
4100 | Revolver/Term Loan |
2016/01/04 | Barteca Holdings Operator/Restaurants |
Citizens Bank Admin Agent |
74 | Revolver |
2016/03/10 | Bonanza Creek Energy Producer/Oil & Natural Gas |
KeyBank Admin Agent |
209 | Revolver |
2016/03/25 | Briggs & Stratton Manufacturer/Lawn Mowers |
JPMorgan Chase Admin Agent |
500 | Revolver |
2016/01/25 | Broad River Furniture Retailer/Furniture |
NewStar Business Credit Lender |
10 | Credit Facilities |
2016/03/31 | Cabela's Retailer/Outdoor Merchandise |
BofA Lender |
500 | Revolver Facility upsized from $300MM |
2016/02/12 | Cambium Learning Provider/Educational Solutions |
Babson Capital Lender |
135 | Term Loan B/Revolver |
2016/02/15 | CapFlow Funding Group Provider/Commercial Finance |
AloStar Lender |
10 | Revolver |
2016/02/09 | Carriage Services Provider/Death Care Services |
BofA Admin Agent |
150 | Revolver Facility downsized from $200MM |
2016/03/14 | Castle Biosciences Provider/Molecular Diagnostics |
Silicon Valley Lender |
14 | Term Loan/Revolver Facility upsized from $6MM |
2016/01/07 | Charles River Laboratories Provider/Laboratory Services |
J.P. Morgan Securities Lender |
350 | Term Loan Supports acquisition of WIL Research |
2016/02/26 | Cheniere Energy Partners Developer/Natural Gas |
BoA, JPMorgan Chase, Others Arrangers |
2800 | $2.1B Tranche/$450MM Term Loan/$240MM Revolver |
2016/01/25 | Cheniere Energy Partners Operator/Gas Pipelines |
BofA, JPM, Morgan Stanley, Others Arrangers/Participants |
2800 | Revolver/Term Loan |
2016/03/08 | Clayton Williams Energy Producer/Oil & Natural Gas |
Ares Management Lender |
350 | Term Loan |
2016/02/24 | Comfort Systems USA Provider/Mechanical Services |
Wells Fargo Admin Agent |
325 | Term Loan Facility upsized from $250MM |
2016/01/04 | CONMED Provider/Surgical Devices |
JPMorgan Chase Admin Agent |
700 | $525MM Revolver/$175MM Term Loan Supports acquisition of SurgiQuest |
2016/01/19 | Consolidated Lumber Retailer/Construction Materials |
U.S. Bank Lender |
15 | ABL Revolver |
2016/01/12 | Core-Mark Holding Company Marketer/Retail Supply Solutions |
JPMorgan Chase Admin Agent |
300 | Revolver Facility upsized from $200MM |
2016/03/28 | CPI Aerostructures Manufacturer/Structural Assemblies |
Citizens, Bankunited Lenders |
40 | Revolver Replaced previous $35MM facility |
2016/01/07 | Cray Manufacturer/Data Storage & Analytic Systems |
Wells Fargo Lender |
50 | Revolver Facility upsized from $10MM |
2016/03/29 | Destination Maternity Retailer/Maternity Apparel |
Wells Fargo Admin Agent |
32 | Term Loan |
2016/01/21 | Digital Realty Trust Provider/Data Center Solutions |
Citibank Admin Agent |
3500 | $2B Revolver/$1.55B Term Loan Supports refi |
2016/01/22 | Drexel Metals Supplier/Metal Roofing Equipment |
FirstMerit Lender |
6.5 | Revolver |
2016/03/28 | Drybar Holdings Provider/Salon Services |
Morgan Stanley Admin Agent |
40.9 | Revolver |
2016/01/08 | Equinix Provider/Data Centers |
BofA Admin Agent |
682 | Term Loan |
2016/03/10 | EVINE Live Retailer/Private Label Products |
Great American Capital Partners Lender |
17 | Term Loan |
2016/01/27 | Federal Signal Provider/Safety Solutions |
Wells Fargo Admin Agent |
325 | Revolver Jt lead arrangers: Wells Fargo Securities, J.P.Morgan Securities |
2016/03/07 | FinTech Acquisition Online Lender |
BMO Harris, Babson Capital Arrangers |
140 | Term Loan |
2016/02/11 | First Majestic Silver Producer/Silver |
ScotiaBank, Investec Bank PLC Lenders |
60 | $35MM Term Loan, $25MM Revolver Replaces existing facility |
2016/03/15 | Flexiti Financial Provider/POS Consumer Financing |
Liquid Capital Lender |
25 | ABL Revolver |
2016/01/06 | Fusion Academy & Learning Alternative Private School |
CapX Lender |
15 | Term Loan |
2016/01/19 | Gemstone Foods Provider/Poultry Processing Services |
MB Business Capital Lender |
10 | Revolver Supports refi |
2016/03/31 | GoPro Manufacturer/Mobile Cameras |
JPMorgan Chase Admin Agent |
250 | ABL Revolver |
2016/01/25 | Gump's Retailer/Home Furnishings |
NewStar Business Credit Lender |
15 | Credit Facilities |
2016/01/18 | H2O Overgroup Provider/Communications Management Solutions |
SaaS Capital Lender |
2.5 | Revolver |
2016/03/15 | Halcon Resources Producer/Oil & Natural Gas |
JPMorgan Chase Admin Agent |
700 | Revolver |
2016/03/11 | Harte Hanks Provider/Marketing Services |
Wells Fargo Lender |
110 | $65MM Revolver/$45MM Term Loan |
2016/01/06 | Hooker Furniture Retailer/Home Furniture |
BofA Lender |
90 | Revolver Supports acquisition of Home Meridian International |
2016/01/04 | I.D. Systems Developer/Wireless Solutions |
Siena Lending Group Lender |
7.5 | Revolver |
2016/03/28 | Iconix Brand Group Provider/Brand Licenses |
Cortland Capital Market Services Admin Agent |
300 | Term Loan |
2016/03/07 | Iconix Brand Group Provider/Brand Licenses |
Fortress Investment Group Lender |
300 | Term Loan |
2016/03/21 | Intersections Provider/Identity Protection Services |
Crystal Financial Lender |
20 | Term Loan |
2016/03/07 | ITG Communications Provider/Project Management Services |
Siena Lending Group Lender |
6.7 | $5MM ABL Revolver/$1.7MM Term Loan Supports refi |
2016/01/27 | Ixia Provider/Security Solutions |
Silicon Valley Bank Admin Agent |
150 | Revolver Facility upsized from $75MM |
2016/02/11 | J.T. Shannon Lumber Company Manufacturer/Lumber |
MB Business Capital Lender |
21 | Revolver |
2016/03/03 | JAB Holding Private Equity Firm |
JPMorgan Chase Admin Agent |
6400 | Term Loan/Revolver Supports acquisition of Keurig |
2016/02/26 | Jenne Distributor/IP Telephony |
Citizens Lender |
65 | Revolver |
2016/03/22 | John Bean Technologies Provider/Technology Solutions |
Wells Fargo Admin Agent |
600 | Revolver Facility upsized from $450MM |
2016/03/15 | Kalibrate Technologies Provider/Technology Services |
PNC Lender |
5 | Revolver |
2016/02/17 | KAR Auction Services Provider/Used Cars |
JPMorgan Chase Admin Agent |
550 | $250MM Revolver/$300MM Accordion Exercised accordion feature |
2016/01/06 | Lake County Press Producer/Printed Products |
MB Business Capital Lender |
12.5 | Revolver |
2016/01/04 | Live Media Group Provider/Live Media Streaming |
Citizens Bank Lender |
11 | Revolver |
2016/02/01 | LKQ Corporation Provider/Specialty Auto Parts |
Wells Fargo Admin Agent |
3200 | $2.45B Revolver/$500MM Term Loan Facility upsized from $2.3B |
2016/01/25 | Love & Quiches Gourmet Retailer/Gourmet Foods |
NewStar Business Credit Lender |
6 | Credit Facilities |
2016/01/19 | MabVax Therapeutics Holdings Developer/Antibody-based Products |
Oxford Finance Lender |
10 | Revolver |
2016/03/09 | Mangrove Equity Partners Private Equity Firm |
TCF Capital Lender |
24.5 | Revolver |
2016/02/10 | Mangrove Equity Partners Private Equity Firm |
TCF Capital Funding Lender |
7.1 | Revolver |
2016/01/11 | Marbles: The Brain Store Retailer/Educational Fitness Products |
Siena Lending Group Lender |
10 | Term Loan Supports refi |
2016/02/05 | Mattress Firm Holding Retailer/Mattresses |
Barclays, J.P. Morgan Securities, Others Arrangers |
865 | Revolver |
2016/01/25 | Mealey's Retailer/Home Furnishings |
NewStar Business Credit Lender |
7 | Credit Facilities |
2016/01/25 | Micronics Engineered Filtration Manufacturer/Filtration Products |
NewStar Business Credit Lender |
5 | Credit Facilities |
2016/02/11 | Millard Lumber Distributor/Lumber |
Gibraltar Business Capital Lender |
12 | Revolver |
2016/02/09 | Monro Muffler Brake Provider/Auto Repair Services |
Citizens Admin Agent |
600 | Revolver |
2016/01/14 | MusclePharm Provider/Sports Nutrition Products |
Prestige Capital Lender |
10 | Revolver |
2016/03/31 | NCR Manufacturer/Computer Hardware |
JPMorgan Chase Admin Agent |
2000 | $1.1B Revolver/$900MM Term Loan |
2016/02/10 | Nelson Miller Supplier/User Interface Solutions |
Marquette Business Credit Lender |
8.2 | Revolver/Term Loan |
2016/01/06 | Noble Energy Producer/Oil & Natural Gas |
Citibank Admin Agent |
1400 | Term Loan |
2016/01/06 | NOMi Provider/Analytic Solutions |
Horizon Technology Finance Lead Arranger |
15 | Revolver |
2016/03/11 | NTE Energy Provider/Energy Services |
MUFG, ING Arrangers |
387 | Revolver |
2016/03/29 | Numerex Provider/Enterprise Solutions |
Crystal Financial Lender |
17 | Term Loan |
2016/01/06 | Omeros Corporation Developer/Biopharmaceuticals |
Oxford Finance, East West Bank Lenders |
70 | $50MM Term Loan/$20MM Tranches |
2016/01/05 | Omnicell Provider/Automated Healthcare Solutions |
Wells Fargo Admin Agent |
400 | $200MM Revolver/$200MM Term Loan Supports acquisition of Aesynt |
2016/01/25 | Otelco Provider/Telecom Services |
Cerberus Business Finance Lender |
105 | $85MM Term Loan/$5MM Revolver NewSpring provided $15MM subdebt |
2016/02/17 | Otelco Provider/Wireline Telecom Service |
Cerberus Business Finance Admin Agent |
105 | $100MM Term Loan/$5MM Revolver |
2016/01/19 | Park Electrochemical Manufacturer/Circuit Materials |
HSBC Lender |
75 | Revolver |
2016/03/08 | Patrick Lumber Manufacturer/Lumber |
US Bank Lender |
20 | ABL Revolver |
2016/01/20 | PlayMaker CRM Provider/Health Services Products |
Square 1 Lender |
3 | Revolver |
2016/01/21 | Popeyes Louisiana Kitchen Operator/Restaurants |
Wells Fargo Admin Agent |
250 | Revolver |
2016/01/26 | Prime Healthcare Provider/National Healthcare |
Wells Fargo, Barclays Jt Lead Arrangers |
700 | $400MM Revolver/$200MM Term Loan $100MM accordion |
2016/03/31 | Promise Healthcare Group Operator/LTC Hospitals |
WFCF Admin Agent |
75 | ABL Revolver |
2016/01/25 | PSKW Provider/Pharmaceutical Marketing Services |
NewStar Business Credit Lender |
30 | Credit Facilities |
2016/01/20 | Puppet Labs Provider/IT Automation Software |
Silicon Valley Bank Lender |
22 | Revolver |
2016/02/26 | RealPage Provider/On-Demand Software |
Wells Fargo Admin Agent |
325 | Revolver Facility upsized w/ $125MM accordion |
2016/03/18 | REG Energy Services Provider/Renewable Energy |
Bankers Trust Lender |
30 | Revolver Facility includes additional $10MM accordion |
2016/01/04 | ReWalk Robotics Developer/Medical Devices |
Kreos Capital V Limited Lender |
20 | Initial $12MM drawn; $8MM tranches @ $2MM ea |
2016/02/25 | Robbins Supplier/Flooring Systems |
Capital Business Credit Lender |
13 | ABL Revolver/Term Loan |
2016/01/17 | ROSCOM Manufacturer/PVC Pellets |
NewStar Business Credit Lender |
8 | Revolver |
2016/01/25 | SABG Distributor/Socks |
NewStar Business Credit Lender |
24 | Credit Facilities |
2016/01/16 | SheKnows Media Provider/Women's Media |
Ally Corporate Finance Lender |
22 | Revolver |
2016/03/29 | Skydance Producer/Diversified Media |
JPMorgan Chase Admin Agent |
700 | Revolver |
2016/01/25 | SolarCity Provider/Solar Systems |
BofA Merrill Lynch Lead Arranger |
160 | Term Loan Jt lead arrangers: KeyBank, Silicon Valley |
2016/03/31 | SolarCity Provider/Solar Power Systems |
Credit Suisse Admin Agent |
150 | Revolver |
2016/01/25 | SolomonEdwards Provider/Professional Services Resources |
NewStar Business Credit Lender |
13 | Credit Facilities |
2016/02/24 | Somero Enterprises Manufacturer/Laser-guided Machinery |
Citizens Lender |
10 | Revolver Facility upsized from $5MM |
2016/02/08 | Spark Networks Provider/Online Dating Communities |
Bridge Bank Lender |
10 | Revolver |
2016/03/31 | Spectra7 Provider/Consumer Connectivity |
Midcap Financial Lender |
6.5 | Term Loan |
2016/01/18 | SpineFrontier Developer/Spine Surgery Products |
MidCap Business Credit Lender |
6 | ABL Revolver |
2016/03/25 | Spokane Industries Manufacturer/Investment Castings |
Hana Financial Lender |
6 | ABL Revolver |
2016/01/05 | Stephens Capital Partners Private Equity Firm |
NXT Capital Admin Agent |
70 | Revolver |
2016/03/10 | Stone Energy Producer/Oil & Natural Gas |
BofA Admin Agent |
385 | Revolver |
2016/03/03 | Suburban Propane Partners Retailer/Propane & Fuel Oil |
BofA Merrill Lynch Admin Agent |
500 | Revolver Facility upsized from $400MM |
2016/02/11 | SunOpta Producer/Specialty Foods |
BofA, JPMorgan Chase, Wells Fargo Lead Arrangers |
350 | ABL Revolver |
2016/03/07 | Superior Biologics Provider/Specialty Pharmaceuticals |
CIT Healthcare Finance Admin Agent |
50 | Revolver |
2016/01/26 | Surgical Specialties Provider/Medical Devices |
BofA Admin Agent |
147 | Revolver Jt lead arrangers: Citizens, Capital One |
2016/01/04 | T5 @ Kings Mountain VII Operator/Data Centers |
CIT Group Admin Agent |
68.5 | Revolver |
2016/01/04 | Tallgrass Energy Partners Developer/Midstream Energy Assets |
Barclays Admin Agent |
484 | Revolver Increased Current $1.1B facility to $1.5B |
2016/01/12 | Tandem Diabetes Care Provider/Medical Devices |
CRG Lender |
80 | Term Loan Facility upsized from $30MM |
2016/02/01 | Taseko Mines Operator/North American Mines |
Red Kite Mine Finance Lender |
70 | Revolver |
2016/02/16 | TeleTech Holdings Provider/Growth Solutions |
Wells Fargo, BofA Merrill Lynch, Others Lead Arrangers |
900 | Revolver Includes accodion up to $1.2B |
2016/01/04 | The Female Health Company Manufacturer/FC2 |
BMO Harris Lender |
10 | Revolver |
2016/01/13 | The Tuna Store Distributor/Tuna |
Santander Bank Lender |
25 | Revolver |
2016/01/26 | Transcom Private Equity Firm |
LBC Credit Partners Lender |
12.5 | Term Loan Supports acquisition of HealthCo |
2016/03/03 | Tredegar Manufacturer/Plastic Films |
JPMorgan Chase Admin Agent |
400 | Revolver Facility includes additional $50MM accordion |
2016/02/09 | U.S. Auto Parts Provider/Aftermarket Auto Parts |
Chase Commercial Banking Lender |
30 | Revolver Facility upsized from $25MM |
2016/03/28 | Veracyte Provider/Molecular Cytology |
Visium Healthcare Partners Lender |
45 | Term Loan |
2016/03/09 | Vericel Developer/Cellular Therapies |
Silicon Valley Lender |
15 | Term Loan/Revolver |
2016/02/01 | Veritas Auto Finance Provider/Auto Loans |
Credit Suisse Lender |
92.5 | Revolver |
2016/02/16 | Volkswagen Credit Provider/Financial Services |
J.P. Morgan Admin Agent |
9000 | Revolver |
2016/03/09 | Web.com Group Provider/Internet Services |
JPMorgan Chase Admin Agent |
540 | $390MM Term Loan/$150MM Revolver Supports acquisition of Yodle |
2016/03/15 | Wheels Financial Group Provider/Title Loans |
Victory Park Capital Lender |
100 | Revolver |
2016/03/18 | WPX Energy Producer/Oil |
Citibank Admin Agent |
1200 | Revolver |
2016/01/19 | Xenith Supplier/NFL Helmets |
Siena Lending Group Lender |
9 | ABL Revolver |
2016/01/15 | Zayo Group Holdings Provider/Communications Services |
Morgan Stanley Senior Funding Lead Arranger |
400 | Term Loan |