Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 07/01/16 through 09/30/16.
| DATE | BORROWER/INDUSTRY | LENDER/ROLE | AMOUNT | STRUCTURE/NOTES |
|---|---|---|---|---|
| 2016/07/14 | AAC Holdings Provider/Inpatient Treatment Services |
BofA Lead Arranger |
171.25 | $121.25MM Term Loan/$50MM Revolver Facility upsized from $121.25MM |
| 2016/07/13 | Adesto Technologies Provider/Memory Products |
Western Alliance Lender |
20 | Revolver Replaces old facility |
| 2016/07/29 | Adient Global Provider/Automotive Interiors |
JPMorgan Chase Admin Agent |
3000 | $1.5B Revolver/$1.5B Term Loan Syndicate: BofA |
| 2016/08/16 | Advanced Sports Manufacturer/Sports Bicycles |
WFCF Lead Arranger |
100 | Revolver Supports acquisition of Performance Bicycles |
| 2016/07/01 | Affinity Gaming Operator/Casino Gaming |
Credit Suisse Admin Agent |
375 | $300MM Term Loan/$75MM Revolver Jt lead arrangers: Macquarie Capital & Fifth Third |
| 2016/07/06 | Ameri100 Provider/Consulting Services |
Sterling Lender |
10 | Revolver |
| 2016/07/14 | American Bare Conductor Provider/Copper, Wire & Cable Products |
Siena Lending Lender |
7.5 | ABL Revolver/Term Loan Supports refi |
| 2016/08/30 | Animart Provider/Animal Healthcare Products |
BMO Harris Lender |
20 | ABL Revolver |
| 2016/07/05 | Aprecia Pharmaceuticals Manufacturer/Pharmaceuticals |
Hercules Capital Lender |
30 | Revolver |
| 2016/08/08 | Aptevo Therapeutics Developer/Therapeutics |
MidCap Financial Lender |
35 | Term Loan |
| 2016/09/29 | ARC Group Provider/3D Printing |
Citizens Bank Lender |
42.5 | Revolver |
| 2016/09/14 | Armada Skis Distributor/Branded Ski Equipment |
Siena Lending Group Lender |
7 | ABL Revolver |
| 2016/07/26 | Asbury Automotive Group Operator/Automotive Dealerships |
BofA Admin Agent |
1300 | Revolver Syndicates: JPMorgan Chase, Wells Fargo |
| 2016/09/22 | Atmos Energy Provider/Natural Gas Services |
BB&T Admin Agent |
200 | Term Loan Facility supports refi |
| 2016/07/14 | Baker Hughes Provider/Oil & Gas Solutions |
JPMorgan Chase Admin Agent |
2500 | Revolver Syndicate: Citibank |
| 2016/09/21 | Be Green Packaging Manufacturer/Fiber Products & Packaging |
Ares Commercial Lender |
37.3 | ABL Revolver Supports refi |
| 2016/09/26 | BioCryst Pharmaceuticals Developer/Small Molecule Drugs |
MidCap Financial Lender |
23 | Revolver |
| 2016/08/09 | Black Hills Provider/Energy Services |
U.S. Bank Admin Agent |
750 | Revolver Facility upsized from $550MM |
| 2016/08/09 | Black Hills Provider/Energy Services |
JPMorgan Chase Admin Agent |
500 | Term Loan |
| 2016/08/31 | Blackstone Group Private Equity Firm |
Citibank Admin Agent |
1500 | Revolver Jt lead arranger: Merrill Lynch; Syndicate: BOA |
| 2016/08/15 | Bon-Ton Stores Provider/Global Brand Management |
BofA Admin Agent |
150 | ABL Revolver Supports refi |
| 2016/09/19 | Boyd Gaming Operator/Gaming Entertainment Ppoperties |
BofA Admin Agent |
2000 | $1.225B Term Loan/$775MM Revolver |
| 2016/09/13 | Campbell Development Group Provider/Media Production |
ORIX Energy Capital Lender |
30 | Revolver Supports acquisition of assets from REX Energy |
| 2016/08/30 | Capital Southwest BDC |
ING Capital Lender |
100 | Revolver Facility includes up to $150MM accordion |
| 2016/09/06 | CenterOak Partners Private Equity Firm |
Golub Capital Admin Agent |
66.5 | Revolver Supports acquisition of Wetzel's Pretzels |
| 2016/08/16 | Chesapeake Energy Producer/Petroleum & Natural Gas |
Goldman Sachs, Citigroup, MUFG Arrangers |
1500 | Term Loan Facility upsized from $1B |
| 2016/09/16 | Cintas Provider/Specialized Business Services |
KeyBank Admin Agent |
600 | Revolver Jt lead arranger: JPMorgan Chase |
| 2016/07/12 | Cirrus Logic Supplier/Semiconductors |
Wells Fargo Admin Agent |
300 | Revolver Supports refi |
| 2016/08/21 | Claris Vision Holdings Investment Holding Company |
Alpine Capital Lender |
7.5 | Revolver/Term Loan |
| 2016/08/21 | Continental Buildin Products Manufacturer/Wallboard Products |
Credit Suisse Admin Agent |
350 | $275MM Term Loan/$75MM Revolver Supports refi |
| 2016/07/21 | Copart Operator/Auto Auctions |
BofA Admin Agent |
850 | Revolver Facility upsized from $350MM |
| 2016/09/06 | Country Wine & Spirits Retailer/Wine & Spirits |
Royalty North Partners Lender |
5.5 | Revolver |
| 2016/08/09 | CVRx Provider/Medical Devices |
Oxford Finance Lender |
20 | Term Loan Facility used to pay existing debt |
| 2016/08/22 | DecisionPoint Systems Provider/Enterprise Mobility |
Union Bank, CapitalSource Arrangers |
6 | Revolver |
| 2016/09/21 | Deluxe Provider/Check Printing Services |
JPMorgan Chase Admin Agent |
200 | Term Loan |
| 2016/09/20 | Doctors Community Hospital Operator/Non-Profit Hospital |
Capital One Lender |
73.4 | Revolver |
| 2016/09/14 | Dynamark Monitoring Provider/Monitoring Services |
Citizens Commercial Banking Lender |
15 | Revolver |
| 2016/08/02 | Edge Therapeutics Developer/Hospital-Based Therapies |
Hercules Capital Lender |
20 | Term Loan Supports refi |
| 2016/08/03 | Elite One Source Nutrisciences Manufacturer/Nutritional Supplements |
PNC Lender |
18 | $12MM Revolver/$6MM Term Loan |
| 2016/07/11 | Elk Petroleum Producer/Enhanced Oil |
Benefit Street Partners Lender |
58 | Revolver Supports Grieve Project JV restructuring |
| 2016/08/08 | Elm Creek Partners Private Equity Firm |
Marquette Business Credit Lender |
5 | Revolver Supports acquisition of Liberty Paper Products |
| 2016/08/03 | EMCOR Group Provider/Construction Services |
BMO Admin Agent |
1300 | $900MM Revolver/$400MM Term Loan Facility upsized from $1.1B |
| 2016/07/22 | Ensign Group Provider/Nursing Services |
Wells Fargo, Suntrust Lead Arrangers |
450 | $300MM Revolver/$150MM Term Loan Facility upsized from $200MM |
| 2016/09/15 | Extreme Networks Provider/Network Solutions |
Silicon Valley Admin Agent |
139.91 | Revolver Supports acquisition of wireless LAN from Zebra Technology |
| 2016/09/12 | Eyewitness Surveillance Provider/Video Surveillance Solutions |
Capital One Admin Agent |
25 | Revolver Supports refi |
| 2016/09/26 | FlexManage Provider/IT Consulting Services |
Marquette Business Credit Lender |
5 | ABL Revolver |
| 2016/09/14 | Fortress Biotech Developer/Biopharmaceuticals |
Opus Point Healthcare Lender |
25 | Revolver |
| 2016/08/02 | Foundation Medicine Provider/Molecular Information |
Roche Finance Lender |
100 | Term Loan |
| 2016/08/08 | Fouts Brothers Manufacturer/Municipal Fire Trucks |
AloStar Lender |
8 | Revolver |
| 2016/07/08 | Freeman Spogli Private Equity Firm |
Golub Capital Admin Agent |
280 | Revolver Supports acquisition of Batteries Plus Bulbs |
| 2016/07/26 | Fulham Supplier/Lighting Components |
US Capital Partners Lender |
8 | Unitranche Supports refi |
| 2016/08/22 | Fundation Group Provider/Digital Lending |
Goldman Sachs Lender |
100 | ABL Revolver |
| 2016/08/29 | Galaxy Gaming Manufacturer/Gaming Products |
Breakaway Capital Management Lender |
10.5 | Term Loan |
| 2016/07/27 | GENBAND Provider/Software & Communications Technology |
Silicon Valley Admin Agent |
50 | Revolver |
| 2016/08/15 | Genius Brands Intl Provider/Global Brand Management |
Leumi Lender |
5.2 | Revolver |
| 2016/07/25 | G-III Apparel Group Manufacturer/Branded Apparel |
Barclays, JPMorgan Chase Lead Arrangers |
975 | $525MM ABL Revolver/$450MM Term Loan Supports acquisition of DKNY |
| 2016/07/22 | Global Brass & Copper Holdings Distributor/Non-Ferrous Products |
JPMorgan Chase Admin Agent |
520 | $320MM Term Loan/$200MM ABL Revolver Supports refi |
| 2016/08/08 | Global Granite & Marble Supplier/Stone & Quartz |
MB Business Capital Lender |
7.65 | Revolver |
| 2016/07/14 | Global, LT Provider/Language Training |
Abacus Finance Admin Agent |
23 | Revolver Supports recap |
| 2016/08/01 | Green Cloud Financing Provider/Cloud Solutions |
Bridge Bank Lender |
5 | Revolver |
| 2016/09/16 | Green Plains Producer/Ethanol Fuel |
BofA Admin Agent |
155 | Revolver Facility upsized from $100MM |
| 2016/07/12 | Greenbacker Renewable Energy Producer/Renewable Energy |
Fifth Third Lender |
37.5 | Revolver |
| 2016/08/02 | Heron Therapeutics Developer/Biotechnology Medicines |
Tang Capital Lender |
100 | Term Loan |
| 2016/09/21 | Hill-Rom Holdings Holding Company |
JPMorgan Chase Admin Agent |
2160 | $1.46B Term Loan/$700MM Revolver Facility used to pay off existing debt |
| 2016/07/05 | Hispanica International Delights of America Distributor/Beverages |
TCA Global Lender |
7.5 | Revolver Supports acquisition of Energy Source Distributors |
| 2016/09/29 | Hyperikon Manufacturer/LED Lighting Systems |
Pacific Mercantile Bank Lender |
5.8 | Revolver |
| 2016/09/22 | Jack in the Box Operator/Fast Food Restaurants |
Wells Fargo Admin Agent |
1600 | $900MM Revolver/$700MM Term Loan Jt lead arrangers: Merrill Lynch, Rabobank, Pierce, Fenner & Smith |
| 2016/09/12 | James Marine Provider/Diversified Marine Services |
PNC Equipment Finance Syndication Agent |
90 | $50MM ABL Revolver/$40MM Term Loan |
| 2016/09/15 | Jordan Health Services Provider/Medical Services |
CIT Healthcare Finance Admin Agent |
242 | Revolver |
| 2016/09/27 | Landec Provider/Diversified Health Solutions |
JPMorgan, BMO Harris Lead Arrangers |
150 | $100MM Revolver/$50MM Term Loan Jt lead arranger: City National Bank |
| 2016/09/09 | Lapolla Industries Manufacturer/Spray Foam Insulation |
BoA Lender |
15 | Revolver |
| 2016/07/20 | Liquid Asset Brands Provider/Global Beverage Investments |
CapX Lender |
5 | Revolver |
| 2016/08/17 | Lumber Liquidators Retailer/Hardwood Flooring |
BofA Admin Agent |
150 | Revolver Facility upsized from $100MM |
| 2016/08/31 | MACOM Technology Solutions Producer/Semiconductor Technologies |
Goldman Sachs Admin Agent |
250 | Term Loan |
| 2016/08/25 | Mangrove Equity Partners Private Equity Firm |
TCF Capital Funding Lender |
15 | Revolver Supports acquisition of Dixie Diamond-Concut |
| 2016/07/25 | Manitex International Provider/Specialized Engineering Equipment |
The PrivateBank Admin Agent |
45 | Revolver Replaces previous facility |
| 2016/09/22 | Mesa Airlines Provider/Regional Air Service |
CIT Aerospace, Defense & Gov't Finance Lender |
35 | Revolver |
| 2016/07/19 | Midwest Industrial Metals Provider/Non-Ferrous Recycling |
Siena Lending Group Lender |
6.5 | ABL Revolver/Term Loan |
| 2016/07/05 | MTS Systems Provider/Software Solutions |
JPMorgan Chase Admin Agent |
560 | $460MM Term Loan/$100MM Revolver Supports acquisition of PCB Group |
| 2016/09/21 | Nations Fund Provider/Equipment-Based Loans |
Citizens Commercial Jt Lead Arranger |
300 | Revolver Jt lead arranger: Santander Bank |
| 2016/07/18 | North State Provider/Telecommunications |
BofA Merrill Lynch Lead Arranger |
75 | Revolver/Term Loan |
| 2016/08/26 | OMNOVA Solutions Manufacturer/Plastic Fabrications |
Deutsche Bank Admin Agent |
350 | Term Loan Facility replaces existing $189MM Term Loan |
| 2016/08/26 | OMNOVA Solutions Manufacturer/Plastic Fabrications |
JPMorgan Chase Lender |
90 | ABL Revolver Facility downsized from $100MM |
| 2016/09/30 | On Semiconductor Supplier/Semiconductor Products |
Deutsche, Merrill, HSBC, BMO Lead Arrangers |
2400 | Revolver Facility upsized by $200MM |
| 2016/08/21 | Pancon Manufacturer/Cable Connectors |
Marquette Business Capital Lender |
5 | Revolver |
| 2016/07/28 | Patrick Industries Manufacturer/Component Products |
Wells Fargo Admin Agent |
360 | $270MM Revolver/$90MM Term Loan Facility upsized from $250MM |
| 2016/07/11 | Pet Valu Operator/Pet Supply Stores |
Golub Capital Admin Agent |
605 | Revolver Supports merger with Pet Supermarket |
| 2016/08/25 | PetroQuest Energy Producer/Oil & Natural Gas |
JPMorgan Chase Admin Agent |
50 | Term Loan Lead arranger: J.P. Morgan Securities |
| 2016/09/08 | Photonic Capital Provider/Lighting Solutions |
Capstone Capital Group Admin Agent |
100 | Revolver |
| 2016/08/12 | Plus Funding Provider/Invoicing Services |
Investors Bank Lender |
5 | ABL Revolver |
| 2016/09/06 | Prime Window Systems Manufacturer/Windows & Doors |
Marquette Business Credit Lender |
11.68 | ABL Revolver |
| 2016/07/08 | Quadrant 4 Systems Provider/Digital healthcare Transformation |
BMO Harris Lender |
25 | Term Loan/Revolver |
| 2016/08/01 | Quanex Building Products Manufacturer/OEM Products |
Wells Fargo Admin Agent |
450 | $300MM Revolver/$150MM Term Loan Supports refi |
| 2016/09/21 | Radisys Provider/Software & Services |
Silicon Valley Lender |
55 | Revolver |
| 2016/08/17 | RAE Energy Provider/Oilfield Services |
MidCap Business Credit Lender |
5 | ABL Revolver |
| 2016/09/06 | Ranger Subsea Provider/Oil & Gas |
Siena Lending Group Lender |
15 | Revolver |
| 2016/08/26 | Regional Management Provider/Consumer Finance |
BofA Admin Agent |
585 | Revolver Facility upsized from $538MM |
| 2016/08/22 | REIC Provider/Equipment Rentals |
PNC Lender |
79.5 | Revolver/Term Loan Supports multiple acquisitions |
| 2016/07/18 | Sabre Provider/Global Technology |
BofA Merrill Lynch Admin Agent |
1000 | $600MM Term Loan/$400MM Revolver |
| 2016/07/11 | Salesforce Provider/CRM Platform |
BofA Admin Agent |
500 | Term Loan Supports acquisition of Demandware |
| 2016/08/25 | Security Partners Provider/Monitoring Services |
Citizens Commercial Lender |
15 | Revolver |
| 2016/07/06 | Senseonics Holdings Developer/Glucose Monitoring Products |
Oxford, Silicon Valley Lenders |
30 | Term Loan |
| 2016/09/30 | Solar Capital BDC |
Citibank Admin Agent |
555 | Revolver Facility upsized from $540MM |
| 2016/08/03 | Southwest Airlines Provider/Airline Services |
JPMorgan, Citibank Admin Agents |
1000 | Revolver |
| 2016/07/15 | Springs Industries Manufacturer/Window Coverings |
BMO Harris Admin Agent |
125 | Revolver |
| 2016/08/05 | StoneMor Partners Operator/Cemeteries & Funeral Homes |
Capital One Admin Agent |
210 | Revolver Facility upsized by $30MM |
| 2016/07/27 | Student Transportation Provider/Student Transportation Services |
BMO Harris Lender |
340 | Term Loan Facility upsized from $225MM |
| 2016/08/08 | Sunshine Heart Provider/Heart Failure Treatments |
Silicon Valley Lender |
5 | Revolver Supports acquisition of Aquadex Product line |
| 2016/09/01 | Synalloy Holding Company |
BB&T Lender |
45 | ABL Revolver Supports refi |
| 2016/07/11 | Taco Bell Operator/Restaurant Chain |
Citizens Lender |
22 | Revolver Supports refi |
| 2016/07/14 | The Sun Valley Group Supplier/Cut Flowers |
CIT Corporate Lender |
34 | Revolver Supports recap |
| 2016/08/17 | Thoma Bravo Private Equity Firm |
Ares Capital Management Admin Agent |
1075 | Unitranche Supports acquisition of Qlik |
| 2016/09/13 | Topgolf Provider/Sports Entertainment |
JPMorgan Chase Admin Agent |
275 | $175MM Term Loan/$100MM Revolver Jt lead arrangers: RBC Capital, SunTrust |
| 2016/07/26 | Trafigura Trading Provider/Global Trading |
MUFG Admin Agent |
3000 | Revolver Facility downsized from $3.5B |
| 2016/08/29 | True Temper Manufacturer/Golf Club Shafts |
BMO Harris Admin Agent |
27.5 | ABL Revolver |
| 2016/09/27 | TTM Technologies Manufacturer/Printed Circuit Boards |
JPMorgan Chase Admin Agent |
200 | ABL Revolver |
| 2016/09/06 | Valley Fine Foods Manufacturer/Pastas & Sauces |
MB Business Capital Lender |
32.9 | ABL Revolver |
| 2016/08/04 | Vivint Solar Provider/Solar Energy Systems |
ING, SunTrust, Others Arrangers |
313 | Term Loan |
| 2016/08/03 | Wellnext Supplier.Nutritional Supplements |
PNC Lender |
30 | Revolver |
| 2016/07/21 | West Creek Financial Provider/POS Financing |
Victory Park Capital Lender |
25 | Revolver |
| 2016/09/07 | Western Refining Logistics Developer/Logistics Assets |
Wells Fargo, Suntrust, Credit Agricole Jt Lead Arrangers |
500 | Revolver Facility upsized from $300MM |
| 2016/07/01 | WEX Provider/Corporate Payment Solutions |
BofA Admin Agent |
2100 | Term Loan/Revolver Supports acquisition of Electronic Funds Source |
| 2016/07/01 | White Star Petroleum Provider/Oil Extraction Services |
MUFG Admin Agent |
210 | Term Loan Supports acquisition of Devon Energy assets |
| 2016/09/12 | WireTech Supplier/Industrial Steel Wire |
Marquette Business Credit Lender |
14.1 | $12MM ABL Revolver/$2.1MM Term Loan |
| 2016/08/16 | Xtrant Medical Holdings Manufacturer/Orthopedic Products |
Silicon Valley Lender |
11 | Revolver Facility upsized from $6MM |
| 2016/08/30 | Zavante Therapeutics Developer/Therapeutics |
Square 1 Lender |
10 | Revolver |