Deal Charts

ABL Deal Chart 2016 Q3

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 07/01/16 through 09/30/16.

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