Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 10/01/17 through 12/31/17.
DATE | BORROWER/INDUSTRY | LENDER/ROLE | AMOUNT | STRUCTURE/NOTES |
---|---|---|---|---|
2017/10/09 | AAC Holdings Provider/Substance Abuse Treatment Services |
Credit Suisse Admin Agent |
65 | Term Loan Jt lead arrangers; Credit Suisse, Deutsche Bank, BMO Capital & Whitney Bank |
2017/12/11 | Aegis Chemical Solutions Provider/Water Treatment Solutions |
PNC Bank Admin Agent |
26 | Revolver/Term Loan Supports refi |
2017/10/17 | Allurion Technologies Manufacturer/Elipse Balloon |
SVB Lender |
6 | Term Loan |
2017/11/30 | American Woodmark Manufacturer/Kitchen & Bath Cabinets |
Wells Fargo Lender |
100 | Revolver Supports acquisition of RSI Home Products |
2017/12/07 | Ardagh Group Producer/Metal & Glass Packaging Solutions |
Citi Admin Agent |
850 | ABL Revolver Replaces existing facility |
2017/11/10 | Avaya Provider/Business Communications |
Goldman Sachs Admin Agent |
2950 | Term Loan Facility upsized from $2.425B |
2017/11/07 | B&B Bachrach Retailer/Menswear |
Siena Lending Group Lender |
7.5 | ABL Revolver/Term Loan Supports refi |
2017/11/20 | B&G Foods Manufacturer/Shelf-Stable & Frozen Foods |
Barclays Bank Admin Agent |
1350 | Revolver/Term Loan Supports refi |
2017/10/09 | Badger Corrugating Company Distributor/Building Materials |
Huntington Business Credit Lender |
14 | Revolver/Term Loan Supports refi |
2017/11/17 | Beasley Broadcast Operator/Radio Stations |
U.S. Bank Admin Agent |
240 | $225MM Term Loan/$20MM Revolver Jt lead arrangers; U.S. Bank, Guggenheim Securities |
2017/10/09 | BioMatrix Specialty Pharmacy Provider/Innovative Healthcare Solutions |
LBC Credit Partners Admin Agent |
25 | Term Loan Portfolio company of ACON Investments |
2017/10/23 | Birks Group Designer/Fine Jewelry |
Wells Fargo Lender |
66.9 | Revolver Facility used to pay existing debts |
2017/11/30 | Bloomin Brands Operator/Restaurant Chains |
Wells Fargo Admin Agent |
1500 | $1B Revolver/$500MM Term Loan Replaces existing facility |
2017/10/09 | BlueLinx Holdings Distributor/Building & Industrial Products |
Wells Fargo Admin Agent |
335 | ABL Revolver Syndication agent; BofA |
2017/10/27 | Braviant Holdings Provider/Borrowing Solutions |
RedPoint Capital Lender |
40 | Revolver Fintech start-up company |
2017/10/16 | Capstone Nutrition Manufacturer/Nutritional Supplements |
Ares Commercial Finance Lender |
30 | ABL Revolver Supports refi |
2017/10/19 | CDI Provider/Staffing Solutions |
PNC Bank Admin Agent |
150 | Revolver Portfolio company of AE Industrial Partners |
2017/10/25 | Civitas Solutions Provider/Home Health & Human Services |
Barclays Admin Agent |
75 | Term Loan Supports acquisition of Mentis Neuro Rehabilitation |
2017/10/12 | Crawford & Company Provider/Claims Management Solutions |
Wells Fargo, BofA, Citizens Jt Syndicates |
450 | Revolver Facility replaces existing revolver |
2017/12/04 | CryoLife Distributor/Preserved Human Tissue |
Deutsche Bank Admin Agent |
255 | $225MM Term Loan/$30MM Revolver Supports acquisition of JOTEC |
2017/12/18 | CTI Industries Manufacturer/Balloons |
PNC Bank Lender |
24 | $18MM Revolver/$6MM Term Loan Used to pay existing debt |
2017/11/21 | DataBank Provider/Business Process Management Solutions |
SunTrust Admin Agent |
410 | Term Loan Supports refi |
2017/10/31 | Denny's Operator/Restaurant Chains |
Wells Fargo Admin Agent |
400 | Revolver Replaces previous $325MM Revolver |
2017/12/08 | Dorman Products Supplier/Automotive Replacement Parts |
Wells Fargo Admin Agent |
100 | Revolver Replaces existing facility |
2017/11/01 | Fairmount Santrol Provider/Sand-Based Products |
Barclays, PNC Admin Agents |
825 | $700MM Term Loan/$125MM Revolver Barclays provided term loan; PNC supplied revolver |
2017/11/30 | Fiesta Restaurant Group Operator/Restaurant Chains |
JPMorgan Chase Admin Agent |
150 | Revolver Syndication agent; Wells Fargo |
2017/10/05 | FloTek Industries Developer/Chemistry-Based Technology |
PNC Bank Admin Agent |
75 | Revolver Facility upsized from $65MM |
2017/10/17 | Goodrich Petroleum Producer/Natural Gas & Crude Oil |
JPMorgan Chase Admin Agent |
250 | Revolver Jt lead arrangers; JPMorgan Chase, SunTrust Robinson Humphrey |
2017/10/22 | H.B. Fuller Manufacturer/Industrial Adhesives & Chemicals |
Morgan Stanley Admin Agent |
2150 | Term Loan Supports acquisition of Royal Adhesives & Sealants |
2017/12/15 | HanesBrands Manufacturer/Clothing |
JPMorgan Chase Admin Agent |
2250 | $1.2B Term Loan/$1B Revolver Facility upsized from $1.925B |
2017/10/02 | HealthSouth Provider/Healthcare Services |
Barclays Bank Admin Agent |
1000 | $700MM Revolver/$300MM Term Loan Revolver upsized by $100MM, term loan downsized by $110MM |
2017/11/03 | Hertz Global Holdings Provider/Rental Equipment |
Barclays Admin Agent |
400 | Revolver Syndication agent; Credit Agricole Corporate |
2017/12/29 | Hovnanian Enterprises Provider/Homebuilding Services |
GSO Capital Partners Lender |
125 | Revolver Supports refi |
2017/11/30 | iheartmedia Provider/Mass Media |
TPG Specialty Lending Admin Agent |
365 | $300MM Term Loan/$65MM Revolver Holding company of iHeartCommunications, Inc. |
2017/11/06 | Interior Specialists Provider/Interior Design Services |
Garrison Investment Group Lead Arranger |
94 | Term Loan Supports recap |
2017/10/13 | Knowles Supplier/Micro-acoustic Component Solutions |
JPMorgan Chase Admin Agent |
400 | Revolver Jt lead arrangers; JPMorgan, Merrill Lynch & Citibank |
2017/11/28 | LendingTree Provider/Online Loans |
SunTrust Admin Agent |
250 | Revolver Replaces previous $125MM facility |
2017/10/10 | Liberty Oilfield Services Provider/Hydraulic Fracturing Services |
Houlihan Lokey, Wells Fargo Lead Placement Agents |
425 | $250MM ABL Revolver/$175MM Term Loan Used to pay existing debt |
2017/10/02 | Maxim Healthcare Provider/Home Health Services |
Capital One Lender |
155 | ABL Revolver Facility upsized by $30MM |
2017/10/24 | Metpar Manufacturer/Commercial Bathroom Partitions |
MB Business Capital Lender |
9 | Revolver Supports refi |
2017/10/13 | MTBC Provider/Healthcare IT Solutions |
Silicon Valley Bank Lender |
5 | Revolver |
2017/10/14 | National Entertainment Network Provider/Amusement Vending |
Sterling National Bank Lender |
25 | Revolver Sponsored by Monitor Clipper Partners |
2017/10/18 | Newpark Resources Provider/Drilling Fluids Systems |
BofA Admin Agent |
150 | ABL Revolver Facility upsized from $90MM |
2017/11/06 | Otelco Provider/Wireline Telecommunications |
CoBank Admin Agent |
92 | $87MM Term Loan/$5MM Revolver Supports refi |
2017/11/20 | Peabody Producer/Coal |
Goldman Sachs Admin Agent |
270 | Revolver Jt lead arrangers; Goldman Sachs, BMO Capital, Credit Suisse, JPMorgan |
2017/11/20 | Progress Software Provider/Software Solutions |
JPMorgan Chase Admin Agent |
273 | $150MM Revolver/$123MM Term Loan Syndication agents; Wells Fargo, Citizens Bank |
2017/10/09 | R&R Express Provider/Transportation & Logistics Services |
Huntington Business Credit Lender |
17.5 | Revolver Supports refi |
2017/11/17 | R.R. Donnelley Provider/Multichannel Business Solutions |
BofA Business Capital Lender |
800 | ABL Revolver Supports refi |
2017/11/14 | Steel Partners Holdings Holding Company |
PNC Capital Markets Lender |
600 | Revolver Jt lead arrangers; Citizens Bank, SunTrust Robinson Humphrey, Wells Fargo |
2017/11/17 | Stericycle Provider/Regulated Substance Disposal |
BofA Admin Agent |
2100 | $1.2B Revolver/$950MM Term Loan Jt lead arrangers; Merrill Lynch, HSBC, JPMorgan Chase |
2017/10/25 | Tailored Brands Retailer/Men's Clothing |
JPMorgan Chase Admin Agent |
550 | ABL Revolver Facility upsized from $500MM |
2017/10/17 | TerraForm Power Producer/Renewable Energy |
HSBC USA Admin Agent |
450 | Revolver Supports refi |
2017/10/20 | The Brink's Company Provider/Security Solutions |
Wells Fargo Admin Agent |
1500 | $1B Revolver/$500MM Term Loan Jt lead arrangers; Wells Fargo, Bank of Tokyo-Mitsubishu, Merrill Lynch, JPMorgan Chase |
2017/10/27 | True Religion Brand Jeans Retailer/Jeans |
Citizens Bank Lender |
60 | ABL Revolver Recently emerged from Chapter 11 |
2017/11/16 | Vectrus Provider/IT & Logistics Support Services |
JPMorgan Chase Admin Agent |
200 | $120MM Revolver/$80MM Term Loan Revolver upsized from $75MM |
2017/11/14 | Visteon Supplier/Automotive Electronics |
Citibank Admin Agent |
350 | Term Loan |
2017/11/30 | Weight Watchers International Provider/Weight Loss Services |
JPMorgan Chase Admin Agent |
1690 | $1.54B Term Loan/$150MM Revolver Jt lead arrangers; JPMorgan Chase, Merrill Lynch, Citigroup |
2017/11/14 | WesternOne Provider/Construction Heat Services |
CIBC Lender |
35 | ABL Revolver |
2017/10/16 | Wincove Private Holdings Private Holding Company |
TCF Capital Funding Lender |
12.5 | ABL Revolver Supports recap of Comstar |