Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 04/01/16 through 06/30/16.
DATE | BORROWER/INDUSTRY | LENDER/ROLE | AMOUNT | STRUCTURE/NOTES |
---|---|---|---|---|
2016/06/26 | A.P. Plasman Manufacturer/Exterior Trim Products |
Franklin Square Capital Partners Lender |
50 | Unitranche Supports acquisition of Plastal Industri |
2016/06/02 | Acorda Therapeutics Developer/Neurological Therapies |
JPMorgan Chase Admin Agent |
60 | Revolver |
2016/05/24 | Addus HomeCare Provider/Personal Home Care |
Fifth Third Admin Agent |
100 | Revolver Facility upsized from $75MM |
2016/06/17 | Aerojet Rocketdyne Holdings Manufacturer/Technology Products |
BofA Admin Agent |
350 | Revolver |
2016/06/01 | Air Transport Service Group Provider/Aircraft Leasing |
SunTrust Arranger |
450 | Revolver Facility upsized from $350MM |
2016/05/13 | Allegheny Technologies Manufacturer/Specialty Metals |
PNC Admin Agent |
100 | Revolver |
2016/06/02 | Alorica Provider/Customer Support |
BofA, Others Arrangers |
1100 | Revolver/Term Loan Supports acquisition of EGS |
2016/04/29 | American Airlines Provider/Airline Transportation |
Barclays Admin Agent |
1000 | Term Loan |
2016/05/23 | Ampco-Pittsburgh Producer/Forged & Cast Rolls |
PNC Admin Agent |
100 | ABL Revolver |
2016/05/13 | ANI Pharmaceuticals Manufacturer/Generic Pharmaceuticals |
Citizens Lender |
30 | ABL Revolver |
2016/04/29 | Argonaut Gold Producer/Gold |
BMO Admin Agent |
30 | Revolver |
2016/04/01 | Armstrong World Industries Manufacturer/Floors & Ceilings |
BofA Admin Agent |
1050 | $850MM Term Loan/$200MM Revolver |
2016/04/28 | ArtiCure Provider/Medical Devices |
Silicon Valley Lender |
25 | Term Loan |
2016/06/16 | Automatic Data Processing Provider/Management Solutions |
JPMorgan Chase Admin Agent |
7000 | Revolver |
2016/04/20 | Banc of California Bank |
Wells Fargo Lender |
75 | Revolver Facility upsized from $25MM |
2016/06/30 | Bats Global Markets Operator/Exchange Services |
BofA Admin Agent |
750 | $650MM Term Loan/$100MM Revolver Supports refi |
2016/05/04 | Bay State Milling Manufacturer/Plant-Based Grain |
Citizens Commercial Banking Lead Arranger |
240 | $150MM Revolver/$90MM Term Loan |
2016/04/05 | Biery Cheese Manufacturer/Cheese |
FirstMerit Bank Business Credit Lender |
37.6 | Revolver/Term Loan |
2016/05/10 | Black Box Provider/Technology Solutions |
PNC Admin Agent |
200 | Revolver Supports refi |
2016/05/16 | Blue Wolf Private Equity Firm |
Capital One Admin Agent |
65 | Revolver Supports acquisition of National Home Health Care |
2016/05/19 | Blue Wolf Private Equity Firm |
CIT Healthcare Finance Lead Arranger |
65 | Revolver Supports acquisition of National Home Health Care |
2016/05/31 | Brocade Provider/Network Solutions |
Wells Fargo, Others Lenders |
900 | Term Loan Supports acquisition of Ruckus Wireless |
2016/05/23 | Cambrex Corporation Provider/Life Science Products |
Wells Fargo, JPMorgan Chase Lead Arrangers |
500 | Revolver Replaces existing facility |
2016/05/06 | Cascades Manufacturer/Green Packaging |
Wells Fargo, BOA, M&T Arrangers |
245 | $195MM Term Loan/$50MM Revolver |
2016/06/22 | Chefs' Warehouse Distributor/Specialty Foods |
JPMorgan Chase Admin Agent |
430 | $355MM Term Loan/$75MM ABL Revolver Jt arranger: Jefferies Finance |
2016/04/21 | Compass Minerals Provider/Minerals |
JPMorgan Chase Admin Agent |
700 | $400MM Term Loan/$300MM Revolver |
2016/04/04 | Computer Sciences Corporation Provider/IT Services |
BoA Admin Agent |
150 | Revolver |
2016/05/17 | Concordance Healthcare Solutions Distributor/Regional Healthcare |
PNC Admin Agent |
200 | ABL Revolver |
2016/04/19 | Corporate Capital Trust BDC |
JPMorgan Chase Admin Agent |
893 | Revolver Facility upsized from $710MM |
2016/05/25 | CSI Compressco Provider/Compression Services |
BofA Admin Agent |
340 | Revolver Facility downsized from $400MM |
2016/05/23 | CTS Corporation Manufacturer/Electric Components |
BMO Harris Admin Agent |
300 | Revolver |
2016/06/30 | CytoSorbents Provider/Critical Care Immunotherapy |
Bridge Bank Lender |
10 | Term Loan Supports debt financing |
2016/06/09 | Dana Holding Supplier/Powertrain Components |
Citibank Admin Agent |
500 | Revolver |
2016/04/19 | Denbury Resources Provider/Oil & Natural Gas |
JPMorgan Chase Admin Agent |
1050 | Revolver Facility downsized from $1.50B |
2016/04/14 | DigitalOcean Cloud Computing Platform |
KeyBanc Capital Markets Admin Agent |
130 | Revolver |
2016/04/28 | Drew Industries Supplier/RV Components |
JPMorgan Chase Admin Agent |
200 | Revolver Facility replaces existing $100MM facility |
2016/05/24 | Dycom Industries Provider/Contracting Services |
BofA Admin Agent |
350 | Term Loan Facility upsized from $150MM |
2016/06/30 | EarthLink Holdings Provider/Network Services |
Regions Bank Admin Agent |
135 | Revolver Supports refi |
2016/06/20 | Ebix Supplier/E-Commerce Services |
Regions Bank Admin Agent |
400 | $275MM Revolver/$125MM Term Loan Facility upsized from $240MM |
2016/04/01 | Energy Services of America Provider/Energy Services |
United Bank, Summit Community Bank Lenders |
15 | Revolver |
2016/04/21 | Essent Group Holding Company |
JPMorgan Chase Admin Agent |
200 | Revolver |
2016/05/11 | Europa Sports Products Distributor/Sports Nutrition |
AloStar Lender |
20 | Revolver |
2016/04/13 | Evolution Petroleum Provider/Petroleum Products |
MidFirst Lender |
50 | Revolver |
2016/06/21 | Federal Metal Manufacturer/Brass & Bronze |
Wells Fargo Capital Finance Lender |
13 | ABL Revolver |
2016/05/16 | Fora Financial Provider/Working Capital Solutions |
AloStar Admin Agent |
52.5 | Revolver |
2016/05/16 | Fox Factory Manufacturer/Ride Dynamics Products |
SunTrust Admin Agent |
175 | $100MM Revolver/$75MM Term Loan |
2016/05/24 | Franklin Covey Provider/Time Management Training |
JPMorgan Chase Admin Agent |
55 | $40MM Revolver/$15MM Term Loan |
2016/04/18 | Fuelcell Energy Operator/Cell Fuel Power Plants |
Hercules Capital Lender |
25 | Term Loan |
2016/06/20 | Gaslog Operator/Natural Gas Carrier |
Citi, Credit Suisse, Nordea Lead Arrangers |
1050 | Revolver |
2016/04/28 | Genesis Energy Provider/Energy Infrastructure |
Wells Fargo Admin Agent |
1700 | Revolver |
2016/04/07 | Goodyear Tire & Rubber Manufacturer/Tires |
JPMorgan Chase Admin Agent |
2000 | ABL Revolver Supports refi |
2016/06/14 | Graphic Controls Supplier/Consumable Products |
Citizens Commercial Banking Lead Arranger |
97 | Revolver Supports acquisition of CEA Medical |
2016/05/31 | Great Plains Energy Holding Company |
Goldman Sachs Lender |
8000 | Revolver Supports acquisition of Westar Energy |
2016/04/06 | Green Creative Manufacturer/Lighting Products |
MB Business Capital Lender |
15 | Revolver |
2016/05/16 | Hercules Funding Private Equity Firm |
AloStar Lender |
6.5 | Revolver |
2016/06/10 | Hexcel Manufacturer/High-Performance Materials |
Citizens Commercial Banking Admin Agent |
700 | Revolver |
2016/05/31 | Hibernia Networks Provider/Telecommunications Solutions |
MUFG Lender |
165 | Revolver |
2016/06/22 | Holt Logistics Provider/Logistics Facility Management |
Citizens Commercial Banking Lender |
17.5 | Revolver |
2016/05/02 | Hooper Holmes Provider/On-Site Health Screenings |
SCM Specialty Finance Lender |
7 | Revolver |
2016/04/04 | Huntsman International Manufacturer/Chemicals |
JPMorgan Chase Admin Agent |
1200 | $650MM Revolver/$550MM Term Loan |
2016/06/30 | Ignyta Provider/Precision Oncology Medicine |
Silicon Valley, Oxford Lenders |
42 | Term Loan |
2016/06/24 | Incipio Group Provider/Consumer Technology |
Monroe Capital, Wells Fargo Lenders |
177 | Revolver Supports acquisition of Skullcandy |
2016/04/14 | Independence Contract Drilling Provider/Drilling Services |
CIT Admin Agent |
85 | Revolver |
2016/06/23 | Insight Enterprises Provider/Global Technology |
JPMorgan Chase Admin Agent |
350 | Revolver |
2016/05/05 | Intacct Provider/Cloud ERP Software |
Silicon Valley Lender |
40 | Revolver |
2016/05/03 | Integrated Electrical Services Holding Company |
Wells Fargo Capital Finance Lender |
70 | Revolver Facility upsized from $60MM |
2016/05/09 | Intersections Provider/Consumer Identity Protection |
Crystal Financial Lender |
20 | Term Loan |
2016/04/15 | Intricon Manufacturer/Body-Worn Devices |
PrivateBank Lender |
9 | Term Loan Facility upsized from $6MM |
2016/04/22 | IOU Financial Provider/Small Business Loans |
MidCap Financial Lender |
25 | Revolver Facility includes $25MM accordion |
2016/06/08 | iStar Provider/Commercial Investments |
JPMorgan, Others Lead Arrangers |
450 | Term Loan Jt arrangers: Barclays, BoA Merrill Lynch |
2016/04/18 | Kennametal Supplier/Industrial Technology |
BofA Admin Agent |
600 | Revolver Jt arrangers: PNC, JPMorgan Chase, Citizens |
2016/06/09 | Kindred Healthcare Provider/Healthcare Services |
J.P. Morgan Securities Lead Arranger |
200 | Term Loan |
2016/05/11 | Kohlberg & Co Private Equity Firm |
Antares Capital Admin Agent |
198 | Revolver Supports acquisition of Interstate Hotels |
2016/05/11 | Kohlberg & Co Private Equity Firm |
Antares Capital Admin Agent |
136 | Revolver Supports acquisition of Meadows Behavioral Health |
2016/06/16 | Korn/Ferry International Organizational Advisory Firm |
Wells Fargo Admin Agent |
400 | $275MM Term Loan/$125MM Revolver |
2016/06/20 | Lannett Manufacturer/Generic Pharmaceuticals |
Morgan Stanley Admin Agent |
150 | Term Loan |
2016/06/10 | Lifepoint Health Provider/Healthcare Services |
Citibank Admin Agent |
1300 | $700MM Term Loan/$600MM Revolver |
2016/05/12 | LM Metals Manufacturer/Metal Parts |
GemCap Lender |
11 | ABL Revolver |
2016/06/05 | LyondellBasell Manufacturer/Polyolefin Materials |
BofA Admin Agent |
2500 | Revolver Facility upsized from $2B |
2016/04/28 | Lytron Supplier/Thermal Mgmt Solutions |
Citizens Commercial Banking Lender |
15 | Revolver |
2016/05/27 | Mastercraft Boat Company Manufacturer/Sports Boats |
Fifth Third Admin Agent |
80 | $50MM Term Loan/$30MM Revolver |
2016/04/05 | McGrath RentCorp Provider/Equipment Rental |
BoA Admin Agent |
420 | Revolver Arrangers: MUFG Union Bank, Merrill Lynch |
2016/05/04 | McGraw-Hill Global Provider/Education Materials |
Credit Suisse Admin Agent |
1900 | $1.575B Term Loan/$350MM Revolver |
2016/04/16 | Memorial Production Partners Provider/Oil & Natural Gas |
Wells Fargo Admin Agent |
925 | Revolver |
2016/05/02 | Mercury Systems Provider/Processing Subsystems |
BofA Admin Agent |
300 | $200MM Term Loan/$100MM Revolver |
2016/06/29 | MGM Producer/Film & Television |
J.P. Morgan Lead Arranger |
1000 | Revolver |
2016/05/27 | Michaels Stores Retailer/Arts & Crafts |
Wells Fargo Admin Agent |
850 | Revolver |
2016/04/15 | Mitel Provider/Global Communications |
BofA Merrill Lynch Lender |
1100 | Revolver Supports acquisition of Polycom |
2016/06/29 | Monteris Medical Manufacturer/Neurosurgical Technology |
Oxford Finance Lender |
10 | Term Loan |
2016/05/19 | Motorcar Parts of America Producer/Replacement Auto Parts |
PNC Admin Agent |
120 | Revolver Facility upsized from $100MM |
2016/05/10 | MTS Systems Supplier/Test Systems |
JPMorgan, Wells Fargo, Others Arrangers |
490 | $390MM Term Loan/$100MM Revolver Supports acquisition of PCB Group |
2016/05/19 | Neon Finance Company Provider/Financial Solutions |
BofA Merrill Lynch, Others Lead Arrangers |
655 | Term Loan Supports acquisition of Nexeo Solutions Holdings |
2016/05/04 | Net Element Provider/Payment Technology Solutions |
RBL Capital Lender |
15 | Revolver Replaces existing facility |
2016/05/13 | Newpark Resources Provider/Drilling Fluid Systems |
BofA, JPMorgan, Others Syndication Agents |
90 | ABL Revolver Facility replaces existing agreement |
2016/06/21 | NICO Corporation Manufacturer/Neurosurgery Medical Devices |
Square 1 Lender |
8 | Revolver |
2016/05/10 | Nortek Manufacturer/Remodeling Systems |
BofA, WFCF Lead Arrangers |
325 | ABL Revolver Facility upsized from $300MM, additional $125MM accordion |
2016/05/09 | Nova Products Distributor/Exotic Flooring |
Marquette Business Credit Lender |
6 | Revolver |
2016/04/21 | Nuvectra Developer/Medical Devices |
Oxford Finance, Silicon Valley Bank Lenders |
45 | Term Loan |
2016/05/17 | Omeros Provider/Biopharmaceuticals |
Oxford Finance, East West Lenders |
20 | Revolver |
2016/05/24 | Oxford & Tommy Bahama Retailer/Clothing & Apparel |
SunTrust Admin Agent |
325 | Revolver |
2016/05/23 | Park National Corporation Financial Holding Company |
U.S. Bank Lender |
10 | Revolver |
2016/06/22 | Pearl Capital Business Funding Provider/Small Business Financing |
Arena Investors Admin Agent |
20 | Revolver |
2016/04/13 | People Corporation Provider/Group Benefits |
Canadian Imperial Lender |
61.2 | Revolver Facility upsized to support BPA acquisition |
2016/06/28 | Plug Power Provider/Hydrogen & Fuel Cell Technology |
Hercules Capital Lender |
40 | Term Loan |
2016/06/29 | Power Solutions International Manufacturer/Alternative-Fuel Power Systems |
Wells Fargo, TPG Lenders |
135 | $75MM ABL Revolver/$60MM Term Loan |
2016/06/14 | Primanti Brothers Retailer/Casual Dining Chain |
Citizens Lender |
52 | Revolver |
2016/04/14 | Prologis Owner/Distribution Facilities |
BofA Admin Agent |
3000 | Revolver |
2016/05/19 | Pulse Electronics Provider/Electronic Components |
Oaktree Capital Lender |
80 | Revolver Supports refi of existing facility |
2016/06/23 | QVC Provider/Home Shopping Services |
JPMorgan Chase Admin Agent |
2650 | Revolver Syndication: Wells Fargo, BNP Paribas |
2016/06/30 | RadNet Provider/Diagnostic Imaging Services |
Barclays, Capital One, Others Lead Arrangers |
602.5 | $485MM Term Loan/$117.5 Revolver Supports refi |
2016/05/13 | Ramoco Fuels Operator/Gas Stations |
Citizens Lender |
28 | Revolver/Term Loan |
2016/06/20 | Regulus Therapeutics Developer/Biopharmaceuticals |
Oxford Finance Lender |
30 | Revolver |
2016/06/16 | Revlon Manufacturer/Cosmetics |
BOA Merrill Lynch, Citigroup Lenders |
2600 | Revolver Supports acquisition of Elizabeth Arden |
2016/04/28 | Rotorcraft Leasing Provider/Helicopter Transportation |
Siena Lending Group Lender |
15 | Revolver |
2016/04/27 | Scorpio Tankers Provider/Seaborne Transportation |
ING Lender |
132 | Revolver Facility upsized from $87MM |
2016/06/16 | Shutterfly Provider/Online Photo Solutions |
JPMorgan Chase Admin Agent |
200 | Revolver |
2016/04/13 | SM Energy Provider/Petroleum & Natural Gas |
Wells Fargo Admin Agent |
1250 | Revolver |
2016/04/12 | Soleo Health Facility Provider/Infusion Therapies |
Gemino Healthcare Finance Lender |
12 | Revolver |
2016/05/17 | Source Capital Private Equity Firm |
Monroe Capital Admin Agent |
20.3 | Revolver |
2016/04/06 | Sphere 3D Provider/Virtual Applications |
Opus Bank Lender |
20 | Revolver |
2016/05/24 | Springstone Developer/Behavioral Health Hospitals |
Wells Fargo Healthcare Finance Admin Agent |
125 | $104MM Term Loan/$21MM Revolver |
2016/05/24 | Spruce Financial Provider/Consumer Financing |
Investec Arranger |
120 | Revolver |
2016/04/25 | Swift Energy Provider/Oil & Natural Gas |
JPMorgan Chase Admin Agent |
320 | Revolver |
2016/05/12 | Symantec Operator/Cyber Intelligence |
Wells Fargo Admin Agent |
2000 | $1B Term Loan/$1B Revolver |
2016/04/07 | Tempur Sealy Provider/Bedding |
JPMorgan Chase Admin Agent |
1100 | $600MM Term Loan/$500MM Revolver |
2016/06/24 | Tessco Technologies Provider/Wireless Communications |
SunTrust Admin Agent |
35 | ABL Revolver |
2016/04/11 | The 99 Cents Only Stores Operator/Retail Stores |
Royal Bank of Canada, Others Lead Arrangers |
160 | ABL Revolver Jt lead arrangers: UBS AG, Citizens Business Capital |
2016/04/12 | The Fishin' Company Distributor/Frozen Seafood |
Santander Bank Admin Agent |
115 | Revolver |
2016/05/09 | The Trade Desk Provider/Technology Platform |
Citibank Lender |
125 | Revolver |
2016/06/02 | Thoma Bravo Private Equity Firm |
Ares Capital Management Admin Agent |
1075 | Unitranche Supports acquisition of Qlik Technologies |
2016/05/17 | Twin Disc Manufacturer/Transmission Equipment |
BMO Harris Lender |
40 | Revolver |
2016/06/09 | Twin-Star International Manufacturer/Electric Fireplaces |
BofA Business Capital Lender |
50 | Revolver |
2016/04/29 | Unique Fabricating Manufacturer/Plastic Components |
Citizens Syndication Agent |
62 | $32MM Term Loan/$30MM Revolver |
2016/06/30 | University Health System Provider/Community Healthcare |
Capital One Lender |
30 | Revolver |
2016/04/14 | Varsity Healthcare Partners Private Equity Firm |
NXT Capital Admin Agent |
61 | Revolver |
2016/05/25 | Versa Media Provider/Production Loan Financing |
Crayhill Capital Management Lender |
100 | Revolver |
2016/06/21 | Vertical Bridge Provider/Wireless Communications |
TD Securities Lead Arranger |
400 | Term Loan Jt arrangers: Barclays, CIT, Deutsche Bank, JPMorgan, SunTrust |
2016/06/20 | Verve Provider/Mobile Marketing |
Silicon Valley Lender |
30 | Revolver |
2016/05/24 | VisStat Provider/In-Flight Internet Services |
Union Bank Admin Agent |
800 | Revolver Facility upsized from $500MM |
2016/04/04 | Vista Outdoor Manufacturer/Outdoor Recreation Products |
BofA Admin Agent |
1040 | $640MM Term Loan/$400MM Revolver Supports acquisition of BRG Sports |
2016/06/20 | Viveve Medical Manufacturer/Medical Devices |
Bridge Bank Lender |
10 | Term Loan |
2016/06/06 | Vonage Holdings Provider/Communication Services |
JPMorgan Chase Admin Agent |
450 | $325MM Revolver/$125MM Term Loan Supports acquisition of Nexmo |
2016/04/28 | VOXX International Retailer/Consumer Electronics |
Wells Fargo Lead Arranger |
155 | Revolver |
2016/06/23 | Wabtec Provider/Technology-Based Products |
PNC Admin Agent |
1600 | $1.2B Revolver/$400MM Term Loan |
2016/06/01 | Waste Connections Provider/Waste Collection |
BofA Admin Agent |
3200 | Revolver/Term Loan |
2016/04/29 | Western Digital Manufacturer/Storage Solutions |
JPMorgan Chase Admin Agent |
9875 | Revolver Supports acquisition of SanDisk |
2016/06/17 | Wincove Private Holdings Investment Holding Company |
TCF Capital Funding Lender |
12.75 | Revolver Supports acquisition of Bluff |
2016/06/30 | Wingstop Operator/Restaurant Chain |
Wells Fargo, Citizens Lead Arrangers |
180 | $110MM Revolver/$70MM Term Loan |
2016/06/21 | WM Coffman Resources Manufacturer/Residential Stair Parts |
MB Business Capital Lender |
8 | Revolver |
2016/05/26 | Xtrant Medical Manufacturer/Orthopedic Products |
Silicon Valley Lender |
6 | Revolver |
2016/06/28 | YRC Worldwide Provider/Transportation Services |
Citizens Commercial Banking Admin Agent |
450 | ABL Revolver |