Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 10/01/16 through 12/31/16.
| DATE | BORROWER/INDUSTRY | LENDER/ROLE | AMOUNT | STRUCTURE/NOTES |
|---|---|---|---|---|
| 2016/10/27 | 84 Lumber Supplier/Building Materials |
Wells Fargo, PNC Arrangers |
700 | $350MM Term Loan/$350MM Revolver |
| 2016/12/02 | A10 Networks Provider/Application Networking |
Silicon Valley Bank Lender |
25 | Revolver |
| 2016/12/05 | AEA Investors Private Investment Firm |
Antares Capital Admin Agent |
735 | Revolver Supports acquisition of TricorBraun Holdings |
| 2016/11/28 | Air Waves Provider/Garment Printing |
MB Business Capital Lender |
9.32 | ABL Revolver |
| 2016/12/05 | All Holding Company Producer/Meat Products |
Monroe Capital Admin Agent |
21.5 | Term Loan Facility supports recap |
| 2016/10/17 | Alliance One International Distributor/Leaf Tobacco |
Deutsche Bank Admin Agent |
60 | ABL Revolver Syndication agent: Wells Fargo |
| 2016/11/01 | Allied Motion Technologies Manufacturer/Motion Control Components |
HSBC Admin Agent |
125 | Revolver |
| 2016/12/06 | Almost Family Provider/Home Health Services |
JPMorgan Chase Admin Agent |
350 | Revolver |
| 2016/11/17 | Ameresco Provider/Energy Management Solutions |
BofA, Webster Lenders |
30 | Term Loan |
| 2016/10/04 | American Alarm Provider/Security Systems |
Citizens Bank Lender |
25 | Revolver |
| 2016/11/09 | AngioDynamics Provider/Medical Devices |
JPMorgan Chase Admin Agent |
250 | $150MM Revolver/$100MM Term Loan |
| 2016/11/29 | Arctic Cat Manufacturer/Snowmobiles & ATVs |
BofA Admin Agent |
130 | Revolver |
| 2016/12/22 | Array Biopharma Manufacturer/Pharmaceuticals |
Silicon Valley Lender |
15 | Term Loan |
| 2016/10/04 | Ascent Capital Group Holding Company |
BofA Admin Agent |
1395 | $1.1B Term Loan/$295MM Revolver |
| 2016/12/28 | ASV Manufacturer/Steer Loaders |
PNC Lender |
65 | Unitranche |
| 2016/10/25 | AT&T Provider/Telecommunications |
JPMorgan Chase Admin Agent |
4000 | Term Loan Supports acquisition of Time Warner |
| 2016/11/15 | AT&T Provider/Telecommunications |
JPMorgan Chase Admin Agent |
10000 | Term Loan Supports acquisition of Time Warner |
| 2016/10/13 | Augusta Sportswear Manufacturer/Sportswear |
Antares Capital Arranger |
395 | Term Loan Replaces existing unitranche facility |
| 2016/11/10 | Axsome Therapeutics Developer/Biopharmaceuticals |
Silicon Valley Bank Lender |
20 | Term Loan |
| 2016/11/30 | Bentley Laboratories Manufacturer/Beauty & Pharmaceutical Products |
Webster Bank Lender |
18 | Revolver |
| 2016/11/29 | BioMarin Pharmaceuticals Developer/Genetic Disorder Therapies |
BofA Admin Agent |
100 | Revolver |
| 2016/11/02 | Boeing Manufacturer/Commercial Jetliners |
Citibank Admin Agent |
2480 | Revolver Jt lead arranger: JPMorgan Chase |
| 2016/12/28 | Brewster Provider/Travel Guidance |
BMO Harris Lender |
38 | Revolver |
| 2016/11/07 | Bridge2 Solutions Provider/Technology Solutions |
Silicon Valley Bank Lender |
37.5 | Revolver |
| 2016/10/27 | Broadwind Energy Provider/Integrated Solutions |
The PrivateBank Lender |
20 | ABL Revolver |
| 2016/11/10 | Camping World Holdings Retailer/RVs |
Goldman Sachs Admin Agent |
680 | $645MM Term Loan/$35MM Revolver Supports refi |
| 2016/10/04 | Capital Southwest BDC |
AloStar Lender |
20 | Revolver |
| 2016/10/17 | CBS Radio Provider/Radio Broadcasting |
JPMorgan Chase Admin Agent |
1300 | $1.06B Term Loan/$250MM Revolver |
| 2016/11/07 | Comprehensive Healthcare Systems Provider/Healthcare Services |
Alpine Capital Lender |
6 | $5MM Term Loan/$1MM Revolver |
| 2016/12/08 | Consolidated Edison Company Provider/Electric Services |
BofA Admin Agent |
2250 | Revolver |
| 2016/10/05 | Consolidation Communications Provider/Business Communications |
Wells Fargo Securities Lead Arranger |
110 | Revolver Facility upsized from $75MM |
| 2016/10/27 | Coty Manufacturer/Beauty Products |
JPMorgan Chase Admin Agent |
1070 | Term Loan Facility supports refi |
| 2016/10/24 | Danaher Provider/Global Science & Technology |
Morgan Stanley Senior Funding Admin Agent |
3000 | Revolver |
| 2016/11/07 | Delaney Hardware Distributor/Builders Hardware |
TCF Capital Funding Lender |
17.5 | Revolver |
| 2016/12/22 | DigitalGlobe Provider/Commercial Geospatial |
Barclays Admin Agent |
1475 | Revolver Supports refi |
| 2016/10/31 | Dominion Midstream Partners Producer/Energy |
RBC Admin Agent |
300 | Term Loan Supports acquisition of Questar Pipeline |
| 2016/12/23 | e.l.f Beauty Manufacturer/Cosmetic Products |
Bank of Montreal Admin Agent |
200 | $165MM Term Loan/$35MM Revolver |
| 2016/11/02 | Earnest Provider/Personal & Student Loans |
Deutsche Bank Lender |
125 | Revolver |
| 2016/12/23 | eMagin Corporation Manufacturer/OLED Microdisplays |
Rosenthal & Rosenthal Lender |
5 | Revolver |
| 2016/12/20 | Encore Capital Group Provider/Debt Management |
SunTrust Admin Agent |
1200 | Revolver/Term Loan |
| 2016/11/01 | Entercom Radio Operator/Radio Stations |
BofA Admin Agent |
540 | $480MM Term Loan/$60MM Revolver |
| 2016/12/22 | Equinix Provider/IBX Data |
BofA Admin Agent |
3600 | Revolver/Term Loan |
| 2016/11/03 | Excel Provider/Financial Processing Services |
Great American Capital Partners Lender |
25 | Term Loan |
| 2016/12/02 | Famous Dave's Operator/Barbeque Restaurants |
Venture Bank Lender |
11 | Revolver |
| 2016/12/12 | FFL Partners Private Equity Firm |
Antares, Lstar Lead Arrangers |
186.5 | Unitranche Supports acquisition of Crisis Prevention Institute |
| 2016/12/21 | Fiber Materials Manufacturer/Aerospace Materials |
NBH Capital Finance Lender |
11.1 | Revolver |
| 2016/12/06 | First Bancshares Provider/Personal & Commercial Banking |
First Tennessee Lender |
20 | Revolver |
| 2016/10/12 | Frontier Communications Provider/Telecommunications |
CoBank Admin Agent |
315 | Term Loan Facility used to repay existing term loan |
| 2016/10/18 | Goode Partners Private Equity Firm |
Monroe Capital Admin Agent |
32.5 | Revolver Supports acquisition of Forman Mills |
| 2016/12/01 | Goodnight Midstream Provider/Fluids Management Services |
ABN AMRO Lead Arranger |
105 | Revolver Syndicates: Texas Capital, East West Bank, Cadence Bank |
| 2016/11/29 | Heidtman Steel Provider/Steel Products |
WFCF Arranger |
185 | Revolver |
| 2016/12/14 | HomTex Manufacturer/Bedding Products |
MB Business Capital Lender |
17.3 | Revolver |
| 2016/10/27 | Hoosier Manufacturer/Medical Implant Technology |
Pacific Mercantile Lender |
6.8 | Revolver/Term Loan |
| 2016/11/15 | Huntsman International Manufacturer/Differentiated Chemicals |
JPMorgan Chase Admin Agent |
1725 | Term Loan |
| 2016/12/22 | Innophos Holdings Producer/Specialty Ingredient Solutions |
Wells Fargo Admin Agent |
450 | Revolver Facility upsized from $325MM |
| 2016/12/30 | Innospec Manufacturer/Specialty Chemicals |
Lloyds Admin Agent |
310 | $200MM Revolver/$110MM Term Loan |
| 2016/12/07 | Integra LifeSciences Holdings Manufacturer/Medical Devices |
BofA Admin Agent |
1500 | $1B Revolver/$500MM Term Loan Facility upsized from $1.1B |
| 2016/10/31 | Intrepid Potash Producer/Potash |
BMO Lender |
35 | Revolver |
| 2016/11/04 | Jamba Juice Retailer/Smoothies |
Cadence Bank Admin Agent |
10 | Revolver |
| 2016/11/16 | Katy Industries Holding Company |
Encina Business Credit Lender |
31.5 | Term Loan/ABL Revolver |
| 2016/11/17 | LiftForward Provider/Financing Solutions |
Monroe Capital Admin Agent |
100 | Revolver |
| 2016/10/04 | Macquarie Infrastructure Operator/Infrastructure Businesses |
Wells Fargo, JPMorgan, Others Lead Arrangers |
750 | $400MM Term Loan/$350MM Revolver Supports refi of Atlantic Aviation |
| 2016/12/01 | Material Handling Services Provider/Management Services |
NXT Capital Admin Agent |
175 | Revolver Supports acquisition of National Glass & Gate Services |
| 2016/12/08 | Medspace Developer/Medical Devices |
Wells Fargo Admin Agent |
315 | $165MM Term Loan/$150MM Revolver |
| 2016/10/24 | Meritage Hospitality Group Operator/Restaurants |
City National Syndication Agent |
97 | Revolver Supports acquisition of Wendy's |
| 2016/11/22 | Mylan Provider/Pharmaceuticals |
BofA Admin Agent |
2000 | Revolver |
| 2016/12/28 | Myriad Genetics Provider/Molecular Diagnostics |
JPMorgan Chase Admin Agent |
300 | Revolver |
| 2016/11/04 | Navigators Group Holdign Company |
ING Admin Agent |
214 | Revolver Replaces previous facility |
| 2016/12/21 | NeoGenomics Provider/Information Services |
Regions Bank Admin Agent |
150 | $75MM Revolver/$75MM Term Loan |
| 2016/11/15 | NICE Systems Provider/Contact Center Applications |
JPMorgan Chase Admin Agent |
550 | $475MM Term Loan/$75MM Revolver Supports acquisition of inContact |
| 2016/10/04 | Nielsen Holdings Provider/Global Information |
Citibank Admin Agent |
2300 | Term Loan Lead arrangers: Citigroup Global Markets, JPMorgan Chase |
| 2016/11/28 | NiSource Provider/Natural Gas |
Barclays Admin Agent |
1850 | Revolver Facility upsized by $350MM |
| 2016/10/28 | Nobilis Health Provider/Healthcare Management |
Compass Bank Admin Agent |
82.5 | $52.5MM Term Loan/$30MM Revolver |
| 2016/11/07 | Northern Vertex Mining Developer/Mineral Properties |
Sprott Lending Lender |
20 | Revolver |
| 2016/10/16 | NV5 Global Provider/Professional & Technical Engineering |
BofA Admin Agent |
140 | Revolver |
| 2016/12/07 | NV5 Global Provider/Engineering Consultation |
BofA Admin Agent |
80 | Revolver |
| 2016/10/17 | Nvidia Provider/American Technology |
Wells Fargo Admin Agent |
75 | Revolver |
| 2016/10/26 | Omeros Developer/Pharmaceuticals |
CRG Servicing Admin Agent |
125 | Term Loan |
| 2016/12/09 | OnDeck Provider/Online Business Loans |
Credit Suisse Lender |
200 | ABL Revolver |
| 2016/12/21 | OSI Systems Manufacturer/Electronic Systems |
Wells Fargo Admin Agent |
525 | Revolver Facility upsized from $450MM |
| 2016/10/04 | Oxford Immunotec Developer/Proprietary Tests |
MidCap Financial Lender |
40 | $30MM Term Loan/$10MM Revolver |
| 2016/10/11 | Palladium Equity Partners Private Equity Firm |
Antares Capital Admin Agent |
121.6 | Revolver Supports acquisition of Del Real Foods |
| 2016/10/25 | Palm Garden Healthcare Operator/Home Care Agancies |
Capital One Admin Agent |
162.5 | Term Loan/ABL Revolver |
| 2016/10/24 | Pantheon International Private Equity Firm |
RBS, Lloyds Arrangers |
141.9 | Revolver Facility upsized by $61.2MM |
| 2016/11/29 | Par Technology Provider/POS Systems |
JPMorgan Chase Lender |
15 | Revolver |
| 2016/10/18 | PetroQuest Energy Provider/Oil & Gas |
Wells Fargo Admin Agent |
50 | Term Loan |
| 2016/11/10 | Planet Fitness Operator/Fitness Centers |
JPMorgan Chase Admin Agent |
793.45 | $718.45MM Term Loan/$75MM Revolver Facility upsized by $230MM |
| 2016/11/29 | Platte River Equity Private Equity Group |
Abacus Finance Group Admin Agent |
20.5 | Revolver Supports acquisition of In-Place Machining |
| 2016/12/06 | PlayMonster Manufacturer/Toys & Games |
MB Business Capital Lender |
23.5 | Revolver |
| 2016/12/23 | Plug Power Manufacturer/Hydrogen & Fuel Cell Technology |
NY Green Bank Lender |
25 | Revolver |
| 2016/12/22 | Praxis Energy Agents Provider/Trading Services |
Bibby Financial Services Lender |
5 | Revolver |
| 2016/11/21 | Prime Healthcare Foundation Operator/Non-Profit Hospitals |
BBVA Compass Lender |
160 | Revolver Facility includes optional $50MM accordion |
| 2016/11/30 | Pritzker Group Private Equity Group |
Antares Capital Admin Agent |
1120 | Revolver Supports acquisition of ProAmpak |
| 2016/10/24 | Quantum Provider/Digital Solutions |
PNC, TCW Direct Lenders |
170 | $100MM Revolver/$70MM Term Loan |
| 2016/12/13 | Rauch Industries Distributor/Christmas Materials |
KeyBank Lender |
6 | Revolver |
| 2016/10/12 | REG Grays Harbor Producer/Biofuels |
Umpqua Bank Lender |
5 | Term Loan |
| 2016/10/18 | Renew Financial Provider/Clean Energy Finance |
Natixis Admin Agent |
200 | Revolver |
| 2016/10/04 | Renewable Energy Group Producer/Renewable Chemicals |
WFCF, Fifth Street Lenders |
150 | Revolver Facility upsized from $60MM |
| 2016/10/18 | Resources Connection Provider/Staffing Services |
BofA Lender |
120 | Revolver |
| 2016/10/25 | Riesbeck's Food Markets Operator/Grocery Stores |
Citizens Commercial Banking Lender |
20 | Revolver |
| 2016/10/04 | Ritzman Pharmacies Operator/Pharmacies |
AloStar Lender |
6.3 | Revolver |
| 2016/11/01 | Sears Hometown & Outlet Stores Retailer/Home Appliances |
BofA Admin Agent |
250 | Revolver |
| 2016/10/26 | Select Brands Developer/Kitchen Appliances |
MidCap Financial Lender |
12 | Revolver |
| 2016/10/26 | Select Rehabilitation Provider/Therapy Services |
Capital One Lead Arranger |
156 | $126MM Term Loan/$30MM ABL Revolver |
| 2016/11/16 | Semtech Supplier/Semiconductors |
HSBC Admin Agent |
400 | $250MM Revolver/$150MM Term Loan |
| 2016/11/15 | SIFCO Industries Provider/Aerospace Components |
KeyBank Admin Agent |
39.9 | $35MM Revolver/$4.9MM Term Loan |
| 2016/11/28 | SiteOne Landscape Supply Distributor/Landscape Supplies |
UBS AG Admin Agent |
673 | Term Loan Facility upsized by $274MM |
| 2016/10/11 | Smart Chemical Services Manufacturer/Chemical Products |
MB Business Capital Lender |
14 | Revolver |
| 2016/12/14 | Smart Sand Supplier/Sand & Gravel |
Jefferies Finance Admin Agent |
45 | Revolver |
| 2016/11/28 | Sorrento Therapeutics Developer/Cancer Treatments |
Hercules Capital Lender |
75 | Term Loan |
| 2016/10/27 | Southeast Aluminum Products Manufacturer/Bath Enclosures |
MB Business Capital Lender |
10.5 | Revolver Facility supports refi |
| 2016/10/04 | Spectra Energy Capital Distributor/Natural Gas |
Citibank Admin Agent |
2000 | Revolver |
| 2016/12/20 | Spin Master Provider/Children's Entertainment |
HSBC Admin Agent |
510 | Revolver Facility upsized from $280MM |
| 2016/10/03 | Sprout Organic Foods Provider/Premium Organic Foods |
Bibby Financial Services Lender |
5.5 | ABL Revolver |
| 2016/12/22 | Spruce Finance Provider/Residential Financing |
Investec, SVB Lead Arrangers |
105.4 | Revolver |
| 2016/12/19 | Stage Store Operator/Department Stores |
Wells Fargo Admin Agent |
450 | Revolver Facility upsized from $350MM |
| 2016/11/02 | Sysco Provider/Food Service |
JPMorgan Chase Admin Agent |
2000 | Revolver Facility upsized from $1.5B |
| 2016/11/17 | T2Computing Provider/Technology Hardware Services |
Blue Hills Bank Lender |
10 | ABL Revolver |
| 2016/10/19 | Talen Energy Supply Provider/Wholesale Power |
Goldman Sachs, RBC, Others Arrangers |
600 | Term Loan |
| 2016/10/04 | Tesoro Marketer/Petroleum Products |
JPMorgan Chase Lead Arranger |
2000 | Revolver Replaces previous $3B ABL facility |
| 2016/12/01 | Tessera Holding Holding Company |
RBC Admin Agent |
600 | Term Loan |
| 2016/10/03 | Tiger Rental Provider/Equipment Rental |
JPMorgan Chase Placement Agent |
135 | $110MM Term Loan/$25MM Revolver Co-arranger: Orion Energy Partners |
| 2016/12/30 | T-Mobile USA Operator/Wireless Networks |
Deutsche Telekom Admin Agent |
3160 | Revolver/Term Loan |
| 2016/12/14 | TVA Medical Developer/Medical Therapies |
Square 1 Lender |
7 | Revolver |
| 2016/11/16 | Upland Software Provider/Work Management Solutions |
WFCF, CIT Arrangers |
90 | Revolver |
| 2016/10/14 | Vantiv Provider/Payment Processing |
JPMorgan Chase Admin Agent |
3880 | $3.23B Term Loan/$650MM Revolver |
| 2016/11/29 | Vector Security Provider/Security Solutions |
PNC Admin Agent |
300 | Revolver Jt arrangers: BofA Merrill Lynch, Citizens |
| 2016/10/13 | Vertex Pharamaceuticals Manufacturer/Pharmaceuticals |
BofA Admin Agent |
500 | Revolver Facility supports refi |
| 2016/11/28 | Windstream Holdings Provider/Network Communications |
JPMorgan, Others Lenders |
600 | Term Loan |
| 2016/11/10 | Winnebago Industries Manufacturer/RVs |
JPMorgan Arranger |
425 | $300MM Term Loan/$125MM ABL Revolver Supports acquisition of Grand Design RV |
| 2016/10/27 | World Fuel Services Provider/Fuel Product Financing |
BofA Admin Agent |
2100 | Revolver/Term Loan Jt lead arrangers: BofA Merrill Lynch, HSBC & Wells Fargo |