Deal Charts

ABL Deal Chart 2017 Q4

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 10/01/17 through 12/31/17.

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