Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 01/01/17 through 03/31/17.
| DATE | BORROWER/INDUSTRY | LENDER/ROLE | AMOUNT | STRUCTURE/NOTES |
|---|---|---|---|---|
| 2017/03/15 | Alaska Communications Systems Holdings Provider/Telecommunications |
ING Capital Admin Agent |
195 | Term Loan/Revolver |
| 2017/03/07 | Arch Coal Producer/Coal |
Credit Suisse Admin Agent |
300 | Term Loan Facility upsized from $250MM |
| 2017/03/30 | Archrock Partners Provider/Natural Gas Services |
JPMorgan Chase Admin Agent |
1100 | ABL Revolver |
| 2017/01/18 | Argonaut Manufacturing Services Provider/Contract Manufacturing |
Square 1 Lender |
5 | Revolver |
| 2017/02/28 | AstroNova Provider/Data Visualization Technology |
Bank of America Lender |
19.2 | $10MM Revolver/$9.2MM Term Loan |
| 2017/02/28 | Atrion Provider/IT Services |
Wells Fargo Lender |
75 | Revolver |
| 2017/03/27 | Axis Auto Finance Provider/Auto Finance Solutions |
Royal Capital Management Lender |
40 | Revolver |
| 2017/03/24 | AZZ Provider/Galvanizing Services |
BofA Admin Agent |
450 | Revolver |
| 2017/01/27 | Bechtel Provider/Engineering Management |
GE Capital Energy Financial Admin Agent |
1000 | Revolver |
| 2017/01/03 | Blonder Tongue Laboratories Provider/System Operators |
Sterling National Lender |
8.5 | 5MM ABL Revolver/$3.5MM Term Loan |
| 2017/02/17 | Blue Nile Retailer/Jewelry |
Goldman Sachs Admin Agent |
185 | Term Loan |
| 2017/03/06 | Blue Wolf Capital Partners Private Equity Firm |
CIT Healthcare Finance Jt Lead Arranger |
275.3 | Revolver |
| 2017/01/05 | Boart Longyear Provider/Mineral Exploration |
Centerbridge Partners Lender |
20MM | Revolver |
| 2017/02/21 | Bonamar Distributor/Seafood Products |
Santander Bank Lender |
30 | ABL Revolver |
| 2017/02/02 | Bristow U.S. Provider/Industrial Aviation Services |
Macquarie Bank Admin Agent |
200 | Term Loan |
| 2017/01/31 | Carbonite Provider/Data Protection Solutions |
Silicon Valley Lender |
39.2 | Revolver |
| 2017/03/31 | Carpenter Technology Producer/Specialty Alloys |
BofA, JPMorgan Chase Lead Arrangers |
400 | Revolver |
| 2017/01/31 | Chewy Retailer/Online Pet Products |
WFCF Lead Arranger |
90 | Revolver |
| 2017/01/16 | Clearview Capital Private Equity Firm |
TCF Capital Admin Agent |
28.3 | Revolver Supports refi |
| 2017/01/20 | Cogint Provider/Data & Analytics |
Whitehorse Finance Admin Agent |
15 | Term Loan |
| 2017/03/16 | Conagra Brands Manufacturer/Food Products |
BofA Admin Agent |
1250 | Revolver Supports acquisition of Thanasi Foods |
| 2017/01/09 | Conifex Timber Manufacturer/Lumber Products |
WFCF Canada Lead Arranger |
130 | Revolver |
| 2017/01/03 | CXM Manufacturer/Engineered Copper |
Presidential Financial Lender |
6.5 | Term Loan |
| 2017/01/24 | David Webb Retailer/Premium Jewelry |
Citizens Commercial Banking Admin Agent |
20 | ABL Revolver |
| 2017/01/06 | Deluxe Financial Services Provider/Check Printing Services |
JPMorgan Chase Admin Agent |
330 | Term Loan Facility upsized by $130MM |
| 2017/01/05 | Dex Media Provider/Business & Marketing Solutions |
Wells Fargo, PNC Lenders |
150 | Revolver |
| 2017/01/31 | Eagle Pharmaceuticals Manufacturer/Pharmaceuticals |
JPMorgan Chase Admin Agent |
50 | Revolver |
| 2017/01/09 | Endotronix Provider/Digital Health Solutions |
Silicon Valley Lender |
12 | Term Loan |
| 2017/02/03 | Energy Transfer Equity Operator/Natural Gas Pipelines |
Credit Suisse Admin Agent |
2200 | Term Loan |
| 2017/03/20 | FactSet Provider/Financial Research Solutions |
PNC Bank Admin Agent |
575 | Revolver Supports acquisition of BISAM Technologies |
| 2017/01/31 | Garber Bros. Distributor/Grocery Products |
Citizens Commercial Lender |
20 | ABL Revolver |
| 2017/01/11 | Gibraltar Capital Advance Provider/Cash Advances |
Crystal Financial Lender |
26 | Revolver |
| 2017/01/06 | Global Eagle Entertainment Provider/Satellite-Based Connectivity |
Citibank Admin Agent |
585 | $500MM Term Loan/$85MM Revolver Supports refi |
| 2017/02/09 | Gray Television Provider/News & Entertainment |
Wells Fargo Admin Agent |
665 | $565MM Term Loan/$100MM Revolver |
| 2017/01/06 | Great Lakes Dredge & Dock Provider/Dredging Services |
PNC Bank Admin Agent |
250 | Revolver |
| 2017/01/04 | GSE Systems Provider/Engineering Solutions |
Citizens Lender |
5 | Revolver |
| 2017/01/09 | GTT Communications Provider/Network Connectivity Solutions |
KeyBank Admin Agent |
775 | $700MM Term Loan/$75MM Revolver Supports acquisition of Hibernia |
| 2017/02/14 | Hawaiian Telcom Communications Provider/Telecommunications |
CoBank Admin Agent |
330 | Revolver/Term Loan |
| 2017/02/15 | Herbalife Provider/Nutrition Products |
Credit Suisse, Rabobank Admin Agent |
1450 | $1.3B Term Loan/$150MM Revolver |
| 2017/02/13 | Identiv Provider/Physical Security |
East West Bank, WTI Lenders |
20 | $10MM ABL Revolver (EWB)/$10MM Term Loan (WTI) |
| 2017/03/03 | Innovative Flexpak Provider/Packaging Services |
MB Business Capital Lender |
13.4 | Revolver |
| 2017/03/14 | Invuity Provider/Medical Technology |
MidCap Financial Lender |
30 | Term Loan |
| 2017/02/15 | Kinderhook Industries Private Investment Firm |
Antares Capital Admin Agent |
115 | Revolver Supports acquisition of Performance Motorsports International |
| 2017/02/17 | Koppers Producer/Carbon Compounds |
PNC Bank Admin Agent |
400 | Revolver |
| 2017/01/10 | Land Supply Manufacturer/Metal Structures |
MB Business Capital Lender |
8 | Revolver |
| 2017/03/10 | Lantheus Holdings Provider/Medical Imaging Solutions |
JPMorgan Chase Admin Agent |
550 | $275MM Term Loan/$75MM Revolver |
| 2017/01/05 | LightPath Technologies Manufacturer/Optical & Infrared Components |
Avidbank Specialty Finance Lender |
5 | Term Loan |
| 2017/01/10 | Magellan Health Provider/Behavioral Health Services |
Bank of Tokyo, Others Syndication Agent |
200 | Term Loan Syndicate: Citigroup, Compass, JPMorgan, Suntrust, Wells Fargo |
| 2017/03/01 | Metal Partners Distributor/Steel Products |
BMO Harris Lender |
57 | ABL Revolver |
| 2017/01/09 | Mill City Capital Private Equity Firm |
Abacus Finance Group Admin Agent |
14.5 | Revolver Supports acquisition of Behrens Manufacturing |
| 2017/03/09 | Mitel Provider/Enterprise Communications |
Citizens Bank Admin Agent |
500 | $350MM Revolver/$150MM Term Loan |
| 2017/03/28 | Navigant Consulting Provider/Business management Consulting |
BofA Admin Agent |
400 | Revolver |
| 2017/01/30 | NEJ Provider/Inventory Solutions |
Citizens Commercial Lender |
30 | ABL Revolver |
| 2017/01/16 | North Shore Healthcare Operator/Nursing Facilities |
Alpine Capital Admin Agent |
5 | ABL Revolver |
| 2017/01/10 | Novelis Producer/Rolled Aluminum Products |
Standard Charter Bank Admin Agent |
1800 | Term Loan Supports refi |
| 2017/03/08 | Nyack Hospital Operator/Acute Medical Care Facility |
Gemino Healthcare Finance Lender |
20 | ABL Revolver |
| 2017/03/22 | OnDeck Provider/Online Lending |
Deutsche Bank Lender |
214 | ABL Revolver Facility upsized by $52MM |
| 2017/02/08 | Peabody Energy Producer/Coal |
JPM, Goldman, Credit Suisse Jt Lead Arrangers |
950 | Term Loan Facility upsized from $500MM |
| 2017/01/19 | Penn National Gaming Operator/Gaming & Racing Facilities |
Bank of America Admin Agent |
1500 | $800MM Term Loan/$700MM Revolver |
| 2017/02/14 | PM Plastics Provider/Plastic Injection Moldings |
North Mill Capital Lender |
9.5 | $8.5MM Revolver/$1MM Term Loan |
| 2017/02/16 | Prairie Dog Pet Products Manufacturer/Pet Treats |
Presidential Financial Corp Lender |
10 | Term Loan |
| 2017/02/27 | Quest Resource Holding Provider/Business Management Programs |
Citizens Bank Admin Agent |
22 | Revolver |
| 2017/03/14 | Real Industry Provider/Technology Education |
BofA Admin Agent |
110 | ABL Revolver |
| 2017/01/23 | Ronile and Bacova Guild Manufacturer/Dyed & Processed Yarn |
MidCap Business Credit Lender |
6.6 | ABL Revolver |
| 2017/02/02 | Ruth's Hospitality Group Operator/Fine-Dining Restaurants |
Wells Fargo Admin Agent |
90 | Revolver |
| 2017/02/13 | SandRidge Energy Producer/Oil & Natural Gas |
RBC Admin Agent |
600 | Revolver |
| 2017/01/04 | Satori Waters Provider/Rehabilitation Services |
Alpine Capital Admin Agent |
7.2 | $5MM Revolver/$2.2MM Term Loan |
| 2017/03/13 | Sonoco Products Provider/Consumer Packaging |
BofA Lender |
150 | Term Loan Supports acquisition of Packaging Holdings |
| 2017/03/06 | Spectrum Brands Holdings Provider/Consumer Products |
Deutsche Bank Admin Agent |
700 | Revolver Facility upsized from $500MM |
| 2017/02/06 | Sprint Communications Provider/Telecommunications |
JPMorgan Chase Admin Agent |
6000 | $4B Term Loan/$2B Revolver Replaces existing revolver |
| 2017/01/03 | Summit Park Private Equity Firm |
NXT Capital Admin Agent |
35 | Revolver Supports acquisition of Arkive Information Management |
| 2017/03/15 | SunLink Provider/Solar Power Engineering |
Heritage Bank of Commerce Lender |
10 | Revolver |
| 2017/02/24 | Superior Uniform Group Manufacturer/Uniforms |
BB&T Lender |
95 | $42MM Term Loan/$35MM Revolver |
| 2017/01/05 | T2 Biosystems Developer/Diagnostic Products |
CRG Lender |
50 | Term Loan/Revolver |
| 2017/03/15 | Taylor Metal Manufacturer/Metal Roofing |
MB Business Capital Lender |
9.5 | Revolver |
| 2017/02/02 | Terex Manufacturer/Material Processing Products |
Credit Suisse Admin Agent |
850 | $450MM Revolver/$400MM Term Loan |
| 2017/01/19 | T-Mobile USA Provider/Telecommunications |
Deutsche Telekom Admin Agent |
4000 | Term Loan |
| 2017/03/10 | Tower International Producer/Structural Components |
JPMorgan Chase Admin Agent |
200 | Revolver |
| 2017/01/19 | Trans World Entertainment Retailer/Entertainment Merchandise |
WFCF Lead Arranger |
75 | Revolver |
| 2017/02/01 | TRC Companies Provider/Integrated Services |
Citizens Bank Lead Arranger |
250 | Revolver |
| 2017/03/14 | Trinity Acquisition Provider/Insurance Brokerage Services |
Barclays Bank Admin Agent |
1250 | Revolver |
| 2017/03/28 | Tri-State Iron & Metal Provider/Metal Recycling |
MB Business Capital Lender |
15.5 | Revolver |
| 2017/02/17 | Turning Point Brands Provider/Tobacco Products |
Fifth Third Admin Agent |
250 | Revolver/Term Loan |
| 2017/03/28 | United Airlines Provider/Airline Services |
JPMorgan Chase Admin Agent |
3500 | $2B Revolver/$1.5B Term Loan |
| 2017/01/20 | Univar Distributor/Specialty Chemicals |
Bank of America Lender |
2200 | Term Loan |
| 2017/03/15 | Unum Therapeutics Developer/Biopharmaceuticals |
Square 1 Lender |
15 | Revolver |
| 2017/02/08 | Vertex Energy Manufacturer/Hydrocarbon Products |
Encina Business Credit Lender |
30 | Revolver/Term Loan |
| 2017/02/22 | W.P. Carey Provider/Financial Solutions |
BofA Admin Agent |
1796 | $1.5B Revolver/$296MM Term Loan |
| 2017/02/02 | Walgreens Boots Alliance Operator/Pharmaceutical Companies |
JPMorgan Chase Admin Agent |
1000 | Revolver |
| 2017/01/23 | Willdan Group Provider/Consulting Services |
BMO Harris Admin Agent |
35 | Revolver |
| 2017/02/21 | Wireless Telecom Group Manufacturer/RF Products |
Bank of America Lender |
9.7 | $9MM Revolver/$760K Term Loan Supports acquisition of CommAgility |
| 2017/03/07 | Wood-Mode Manufacturer/Custom Cabinets |
MidCap Financial Lender |
13.5 | Revolver |
| 2017/02/14 | Yes To Developer/Natural Beauty Products |
Avidbank Specialty Finance Lender |
8 | ABL Revolver |