Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 04/01/17 through 06/30/17.
DATE | BORROWER/INDUSTRY | LENDER/ROLE | AMOUNT | STRUCTURE/NOTES |
---|---|---|---|---|
2017/06/22 | Advanced Drainage Systems Manufacturer/Polyethylene Pipes |
PNC Admin Agent |
550 | Revolver Jt lead arrangers; PNC, Citizens, Fifth Third |
2017/04/06 | Aero Precision Manufacturer/Metal Components |
MB Business Capital Lender |
23 | Revolver |
2017/06/26 | Aimbridge Hospitality Operator/Hotels |
Golub Capital Admin Agent |
255 | GOLD Facility Supports refi |
2017/06/22 | American Renal Holdings Provider/Dialysis Services |
SunTrust Bank Admin Agent |
540 | $440MM Term Loan/$100MM Revolver Supports refi |
2017/04/11 | Apache Industrial Services Provider/Industrial Services |
PNC Bank Admin Agent |
100 | Revolver |
2017/04/26 | Arris International Manufacturer/Telecommunications Equipment |
BofA Admin Agent |
5450 | Term Loan |
2017/05/17 | Ashland Global Provider/Health & Wellness Products |
Scotiabank Admin Agent |
1180 | $680MM Revolver/$500MM Term Loan Supports acquisition of Pharmachem Laboratories |
2017/05/22 | Blucora Provider/Financial Solutions |
Credit Suisse Admin Agent |
425 | $375MM Term Loan/$50MM Revolver Jt lead arrangers: Key Bank, SunTrust Robinson Humphrey |
2017/05/31 | Blue Buffalo Pet Products Manufacturer/Pet Food |
Citibank Admin Agent |
520 | $400MM Term Loan/$120MM Revolver Supports refi |
2017/04/04 | Caesars Entertainment Provider/Gaming Entertainment |
Credit Suisse Admin Agent |
1430 | $1.235B Term Loan/$200MM Revolver |
2017/04/25 | Caprock Midstream Principal Investment Firm |
AB Private Credit Investors Admin Agent |
120 | Term Loan |
2017/05/09 | Castle Biosciences Provider/Diagnostic Testing |
Oxford, Silicon Valley Lenders |
20 | Term Loan |
2017/04/03 | Castlight Health Provider/Health Benefits Platform |
Silicon Valley Bank Lender |
25 | Revolver |
2017/05/02 | Celadon Group Provider/Transport & Logistics |
BofA Admin Agent |
225 | ABL Revolver |
2017/04/20 | Cerapedics Developer/Orthopedic Treatment Products |
Oxford Finance Lender |
20 | Term Loan |
2017/04/14 | Commercial Vehicle Group Supplier/Construction Cab Systems |
Bank of America Admin Agent |
175 | Term Loan |
2017/06/23 | Digirad Provider/Mobile Healthcare Solutions |
Comerica Bank Lender |
25 | Revolver Replaces previous facility with Wells Fargo |
2017/04/26 | DynTek Provider/Technology Services |
WFCF Lender |
50 | Revolver |
2017/04/03 | Elastic Fabrics of America Manufacturer/Specialty Fabrics |
Gibraltar Business Capital Lender |
8 | ABL Revolver |
2017/04/18 | Eldorado Resorts Provider/Casino Gaming |
JPMorgan Chase Admin Agent |
1750 | $1.45B Term Loan/$300MM Revolver |
2017/05/25 | Emerald Expositions Operator/Trade Shows |
BofA Admin Agent |
715 | $565MM Term Loan/$150MM Revolver Supports refi |
2017/04/04 | Endologix Manufacturer/Aortic Disorder Treatments |
Deerfield Management Lender |
170 | $120MM Term Loan/$50MM ABL Revolver |
2017/04/19 | ENGS Commercial Finance Provider/Financing Solutions |
Bank of Montreal Admin Agent |
75 | ABL Revolver |
2017/05/09 | Everi Payments Provider/Payment Solutions |
Jefferies Admin Agent |
855 | $820MM Term Loan/$35MM Revolver Supports refi |
2017/05/09 | Everspin Technologies Manufacturer/Magnetic RAM |
Silicon Valley Bank Lender |
12 | Revolver |
2017/06/19 | Fortress Transportation & Infrastructure Provider/Transportation Equipment |
JPMorgan Chase Admin Agent |
75 | Revolver Jt lead arrangers; JPMorgan, Barclays |
2017/06/19 | GA Telesis Provider/Integrated Aviation Solutions |
HSBC Securities USA Admin Agent |
225 | ABL Revolver Jt lead arrangers; HSBC, Fifth Third Bank |
2017/04/07 | GEE Group Provider/Staffing Solutions |
PNC, MGG Arrangers |
73.8 | Term Loan/Revolver |
2017/04/04 | Gibraltar Business Capital Provider/Financial Planning Services |
WFCF, Signature, Crystal Arrangers |
101 | Revolver |
2017/04/04 | Godshalls Quality Meats Producer/Meat Products |
Citizens Commercial Banking Lender |
55 | Revolver |
2017/04/28 | Green Plains Producer/Ethanol |
Bank of the West, ING Lenders |
200 | Revolver Facility upsized from $100MM |
2017/06/09 | Gulf Island Fabrication Manufacturer/Marine Vessels |
Whitney Bank Admin Agent |
40 | Revolver Replaces previous agreement with JPMorgan Chase |
2017/04/19 | H.B. Fuller Company Manufacturer/Industrial Adhesives |
JPMorgan Chase Admin Agent |
500 | $400MM Revolver/$100MM Term Loan Syndicates: U.S. Bank, Citibank, Morgan Stanley MUFG |
2017/05/18 | Halo Pet Food Manufacturer/Pet Food |
Siena Lending Group Lender |
5 | ABL Revolver |
2017/04/19 | Harte Hanks Provider/Marketing Solutions |
Texas Capital Bank Lender |
20 | Term Loan |
2017/04/18 | Hightower Provider/Financial Services |
BMO Capital Markets Admin Agent |
245 | Revolver |
2017/06/15 | Hornbeck Offshore Services Supplier/Offshore Transport |
Wilmington Trust Admin Agent |
300 | Revolver Supports refi |
2017/05/18 | ICF Provider/Consulting & Technology Services |
PNC Bank Admin Agent |
900 | Revolver Jt lead arrangers: Citizens Bank, Wells Fargo Securities |
2017/06/21 | Intense Cycles Manufacturer/Mountain Bikes |
Ares Commercial Finance Lender |
7 | ABL Revolver Supports refi |
2017/06/06 | Interactive Health Provider/Wellness Solutions |
Pacific Mercantile Bank Lender |
12.5 | Term Loan Supports growth of Human Touch & Relax the Back |
2017/06/22 | International Seaways Provider/Energy Transportation Services |
Jefferies, JPMorgan Lead Arrangers |
550 | $500MM Term Loan/$50MM Revolver Supports refi |
2017/04/21 | Intersections Provider/Identity Risk Management |
PEAK6 Investments Lender |
20 | Term Loan |
2017/05/17 | J & E Manufacturing Manufacturer/Precision Metal Components |
MB Business Capital Lender |
5 | Revolver Supports acquisition of Leaf Industries |
2017/06/20 | JCPenney Retailer/Clothing & Home Goods |
Wells Fargo, Others Arrangers |
2350 | ABL Revolver Jt lead arrangers; BofA, JPMorgan, Barclays, Goldman Sachs |
2017/05/01 | KEMET Supplier/Electronic Components |
BofA Admin Agent |
345 | Term Loan |
2017/04/07 | KeyW Provider/Engineering & Technology Solutions |
RBC Admin Agent |
185 | $135MM Term Loan/$50MM Revolver |
2017/05/25 | Kforce Provider/Staffing Services |
Wells Fargo Admin Agent |
300 | Revolver Co-documentation agents: Regions Bank, BMO Harris |
2017/06/15 | KMG Provider/Chemicals |
KeyBank Admin Agent |
600 | $550MM Term Loan/$50MM Revolver Supports acquisition of Flowchem |
2017/04/26 | Lilis Energy Producer/Oil & Gas |
Varde Partners Lender |
140 | Term Loan |
2017/04/07 | Lincoln Educational Services Provider/Vocational Programs |
Sterling National Bank Lender |
55 | Revolver |
2017/05/15 | LKCM Headwater Investments Private Investment Firm |
NXT Capital Admin Agent |
116 | Revolver Supports acquisition of TestEquity |
2017/06/20 | MediaAlpha Provider/Online Advertising |
Bridge Bank Lender |
20 | Term Loan |
2017/06/06 | Mersino Management Provider/Pumping & Dewatering Solutions |
Great Rock Capital Lender |
20 | Revolver Facility used to expand core businesses |
2017/04/20 | Monomoy Capital Partners Private Investment Firm |
LBC Credit Partners Admin Agent |
56 | Term Loan Supports acquisition of Klaussner Home Furnishings |
2017/04/27 | Motorola Solutions Provider/Telecommunications Services |
JPMorgan Chase Admin Agent |
2200 | Revolver |
2017/05/04 | mPulse Mobile Provider/Mobile Health Solutions |
Square 1 Lender |
5 | Revolver |
2017/04/25 | Oberfields Manufacturer/Concrete Masonry Products |
MB Business Capital Lender |
13 | Revolver |
2017/04/11 | OL International Provider/Cargo Transportation |
Santander Bank Lender |
10 | Revolver |
2017/04/11 | Organogenesis Manufacturer/Regerative Medicine |
SVB Lender |
25 | Revolver |
2017/06/27 | Owen Security Provider/Alarm Products |
Capital One Lender |
5 | Revolver Capital One also provided $150K commercial card line |
2017/06/08 | Owens Corning Producer/Insulation & Roofing Products |
Wells Fargo Admin Agent |
350 | Term Loan |
2017/06/29 | Phibro Animal Health Manufacturer/Animal Health Pharmaceuticals |
BofA Admin Agent |
500 | $250MM Term Loan/$250MM Revolver Jt lead arrangers; Merrill Lynch, Rabobank |
2017/05/10 | Pilgrim's Pride Operator/Chicken Processing Plants |
Rabobank Admin Agent |
750 | Revolver |
2017/05/09 | PRO Unlimited Provider/Software & Managed Services |
Citizens Commercial Banking Lender |
450 | ABL Revolver |
2017/05/08 | PTC Therapeutics Manufacturer/Pharmaceuticals |
MidCap Financial Admin Agent |
60 | Term Loan |
2017/06/14 | Radiant Logistics Provider/Transportation Services |
BofA, BMO Lenders |
75 | Revolver Replaces previous $65MM facility, includes $50MM accordion |
2017/04/24 | Radio One Provider/Digital Communications |
Guggenheim Admin Agent |
350 | Term Loan |
2017/04/03 | Reata Pharmaceuticals Manufacturer/Biopharmaceuticals |
Oxford Finance, SVB Lead Arrangers |
35 | Revolver |
2017/04/14 | Resource Label Group Manufacturer/Household Product Lables |
NXT Capital Admin Agent |
29 | Revolver |
2017/04/27 | Results Physiotherapy Provider/Outpatient PT Services |
Golub Capital Admin Agent |
71 | Revolver |
2017/04/21 | REV Group Manufacturer/Specialty Vehicle Brands |
Ally Bank Admin Agent |
450 | $350MM ABL Revolver/$75MM Term Loan Supports acquisition of Ferrara Fire Apparatus |
2017/05/01 | Rex Energy Developer/Oil & Gas |
Angelo Gordon Lender |
300 | Term Loan |
2017/05/26 | Ruby Tuesday Operator/Casual Dining Restaurants |
UBS Admin Agent |
20 | Revolver Facility replaces previous revolver w/ BofA |
2017/05/08 | Saba Software Provider/Talent Management Solutions |
Golub Capital Admin Agent |
375 | Revolver |
2017/05/01 | Savara Manufacturer/Specialty Pharmaceuticals |
Silicon Valley Bank Lender |
15 | Revolver |
2017/06/22 | Scrap Metal Services Provider/Scrap Processing |
BofA Business Capital Lender |
84 | ABL Revolver/Term Loan Supports refi |
2017/06/15 | Shawnee Tubing Solutions Manufacturer/Copper Tubing |
MB Business Capital Lender |
23.7 | Revolver Supports acquisition of assets from Wolverine Tube |
2017/06/01 | Sinbad Foods Manufacturer/Specialty Foods |
MB Business Capital Lender |
5.5 | Revolver Supports acquisition of Rain Creek Baking |
2017/06/09 | Spectranetics Manufacturer/Medical Devices |
MidCap Financial, SVP Lead Arrangers |
140 | $90MM Term Loan/$50MM Revolver Replaces previous facility |
2017/06/07 | SUPERVALU Retailer/Groceries |
Goldman Sachs Admin Agent |
840 | Term Loan Jt lead arrangers: Bank USA, RBC, Barclays, Credit Suisse, BMO, Citigroup |
2017/04/06 | Tennant Manufacturer/Environmental Cleaning Solutions |
JPMorgan Chase Admin Agent |
600 | Term Loan/Revolver |
2017/05/15 | Tenneco Manufacturer/Auto Performance Products |
JPMorgan Chase Admin Agent |
2000 | $1.6B Revolver/$400MM Term Loan Supports refi |
2017/05/10 | The Trade Desk Provider/Technology Platform |
Citibank Admin Agent |
200 | Revolver |
2017/04/20 | Titan International Manufacturer/Steel Wheels |
BMO Harris Admin Agent |
75 | Revolver |
2017/04/21 | Tivity Health Provider/Healthcare Solutions |
SunTrust Admin Agent |
320 | $220MM Term Loan/$100MM Revolver |
2017/05/03 | Total Safety Provider/Integrated Safety Solutions |
Citizens Commercial Banking Admin Agent |
60 | ABL Revolver |
2017/06/21 | TRC Companies Provider/Environmentsl Consulting |
UBS Admin Agent |
385 | $325MM Term Loan/$60MM Revolver Supports merger with New Mountain Capital |
2017/04/14 | Ultra Petroleum Producer/Natural Gas |
Barclays, BOM Admin Agents |
1200 | $800MM Term Loan/$400MM Revolver |
2017/06/16 | United Road Towing Provider/Tow Services |
Ares Commercial Finance Lender |
25 | ABL Revolver Supports refi |
2017/06/30 | Verint Systems Retailer/Security Software & Hardware |
JPMorgan Chase Admin Agent |
725 | $425MM Term Loan/$300MM Revolver Jt bookrunners; JPMorgan, Deutsche Bank, Goldman Sachs, RBC Capital, Barclays, Credit Suisse, HSBC |
2017/05/22 | Viveve Medical Provider/Medical Technology |
CRG Servicing Admin Agent |
30 | Term Loan Financial Advisor: Armentum Partners |
2017/04/06 | Vivex Biomedical Manufacturer/Biological Products |
Heritage Bank of Commerce Lender |
9 | Revolver |
2017/06/26 | WANDisco Provider/Computer Software |
Silicon Valley Bank Lender |
8 | $5MM Term Loan/$3MM Revolver Replaces existing facility with HSBC |
2017/05/18 | Web.com Provider/Internet Services |
JPMorgan Chase Admin Agent |
690.3 | $430.3MM Term Loan/$260MM Revolver Facility upsized from $100MM |
2017/06/27 | Western Industries Plastic Products Manufacturer/Plastic Products |
MB Business Capital Lender |
8 | Revolver Portfolio company of Speyside Equity |
2017/04/20 | Xplore Technologies Manufacturer/Rugged Tablets |
BofA Lender |
15 | Revolver |