Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 1/01/18 through 3/31/18.
| DATE | BORROWER/INDUSTRY | LENDER/ROLE | AMOUNT | STRUCTURE/NOTES |
|---|---|---|---|---|
| 2018/01/16 | 2nd Ave Retailer/Thrift Clothing |
Citizens Bank Lender |
32 | ABL Revolver Supports recap |
| 2018/02/23 | Alexco Provider/Environmental Services |
Sprott Private Resource Lending Lender |
15 | Term Loan |
| 2018/02/19 | Align Technology Manufacturer/3D Digital Scanners |
Wells Fargo Admin Agent |
200 | Revolver |
| 2018/02/02 | AMN Healthcare Services Provider/Healthcare Staffing |
SunTrust Admin Agent |
400 | Revolver Jt lead arrangers; SunTrust Robinson Humphrey, NOA Merrill Lynch, JPMorgan Chase |
| 2018/03/28 | Arkos Field Services Provider/Aftermarket Energy Services |
CIT Northbridge Lead Arranger |
20 | Revolver/Term Loan Supports future growth opportunities |
| 2018/03/02 | Ashford Provider/Investment Management Services |
BofA Admin Agent |
35 | Revolver |
| 2018/01/02 | ASV Holdings Provider/Compact Construction Equipment |
PNC Bank Admin Agent |
50 | $35MM Revolver/$15MM Term Loan Replaces previous facility |
| 2018/01/17 | Baylin Technologies Provider/Wireless Antenna Solutions |
Crown Capital Partners Lender |
33 | Term Loan |
| 2018/02/09 | CCA Industries Manufacturer/Health & Beauty Aids |
PNC Bank Lender |
6 | $4.5MM Revolver/$1.5MM Term Loan Used to pay existing debt |
| 2018/01/22 | Christensen Arms Manufacturer/Lightweight Firearms |
Siena Lending Group Lender |
5.2 | ABL Revolver |
| 2018/03/07 | CNX Midstream Partners Developer/Midstream Energy Assets |
PNC Bank Admin Agent |
600 | Revolver Includes additional $100MM accordion |
| 2018/01/15 | Conner Industries Provider/Industrial Wood Products |
Ares Commercial Finance Lender |
21 | $18MM Revolver/$3MM Term Loan Supports refi |
| 2018/01/18 | Conner Industries Provider/Integrated Packaging Solutions |
Ares Commercial Finance Lender |
21 | $18MM Revolver/$3MM Term Loan Supports refi |
| 2018/01/16 | CSC Holdings Private Holding Company |
JPMorgan Chase Admin Agent |
1500 | Term Loan Subsidiary of Altice USA |
| 2018/03/06 | CSG Systems Provider/Business Support Solutions |
BofA Admin Agent |
350 | $200MM Revolver/$150MM Term Loan Jt lead arrangers; Merrill Lynch, Wells Fargo Securities |
| 2018/02/20 | Diversified Gas & Oil Operator/Oil & Gas Producing Assets |
KeyBank Lender |
500 | Revolver Supports acquisition of Alliance Petroleum |
| 2018/02/27 | Ebix Provider/E-Commerce Services |
Regions Bank Admin Agent |
650 | $400MM Revolver/$250MM Term Loan Facility upsized from $450MM |
| 2018/01/29 | Edison International Public Utility Holding Company |
Citibank Admin Agent |
500 | Term Loan Jt lead arrangers; Citibank, Mizuho, U.S. Bank, TD Bank, Wells Fargo |
| 2018/02/22 | FTS International Provider/Hydraulic Fracturing Services |
Wells Fargo Admin Agent |
250 | ABL Revolver |
| 2018/02/13 | Fusion Provider/Cloud Services |
Morgan Stanley, GS, MUFG Jt Lead Arrangers |
570 | Term Loan Supports acquisition of Birch Communications |
| 2018/01/31 | Genesco Manufacturer/Hats |
BofA Admin Agent |
400 | Revolver Jt lead arrangers; BofA, US Bank, SunTrust Robinson Humphrey |
| 2018/03/07 | Global Restoration Holdings Provider/Disaster Restoration |
Breakwater Management Lender |
60 | Term Loan/ABL Revolver Supports refi |
| 2018/01/02 | Graham Partners Private Investment Firm |
NXT Capital Admin Agent |
38 | Revolver Supports acquisition of OptConnect |
| 2018/03/06 | Hanger Provider/Patient Care Services |
BofA Admin Agent |
605 | $505MM Term Loan/$100MM Revolver Jt lead arrangers; BofA Merrill Lynch, Wells Fargo Securities, SunTrust Robinson Humphrey |
| 2018/01/31 | Harvard Bioscience Manufacturer/Life Science Solutions |
Cerberus Business Finance Admin Agent |
89 | $64MM Term Loan/$25MM Revolver Supports acquisition of Data Sciences International |
| 2018/01/16 | Harvest Small Business Finance Provider/SBA Lending |
Capital One Lender |
60 | Revolver |
| 2018/02/15 | Ichor Holdings Manufacturer/Fluid Delivery Subsystems |
BofA Admin Agent |
300 | $175MM Term Loan/$125MM Revolver Jt lead arrangers; Merrill Lynch, SunTrust Robinson Humphrey |
| 2018/03/27 | Iron Mountain Provider/Storage & Information Management Services |
JPMorgan Chase Admin Agent |
700 | Term Loan Jt lead arrangers; JPMorgan Chase, Barclays |
| 2018/02/20 | LCI Industries Supplier/RV Components |
JPMorgan Chase Admin Agent |
325 | Revolver Facility upsized from $200MM |
| 2018/01/17 | LMC Industries Manufacturer/Molded Parts |
North Mill Capital Lender |
11.2 | ABL Revolver |
| 2018/01/03 | Macquarie Infrastructure Corp Provider/Customer Services |
JPMorgan Chase Admin Agent |
600 | Revolver Supports refi |
| 2018/02/26 | Major Metals Company Distributor/Steel & Steel Tube |
Huntington Business Credit Lender |
10.54 | Revolver/Term Loan Supports refi |
| 2018/03/29 | Mattel Manufacturer/Childrens Products |
BofA Admin Agent |
1600 | Revolver |
| 2018/01/04 | Micron Products Manufacturer/Medical Device Technologies |
Rockland Trust Company Lender |
9.5 | ABL Revolver Replaces previous facility |
| 2018/01/08 | Mission Product Holdings Manufacturer/Cooling Apparel |
Siena Lending Group Lender |
10 | Revolver Supports refi |
| 2018/01/15 | National Credit Center Provider/Software & Marketing Solutions |
Monroa Capital Admin Agent |
80 | Revolver Portfolio company of SNH |
| 2018/02/13 | NetScout Provider/Cybersecurity Services |
JPMorgan Chase Admin Agent |
1000 | Revolver |
| 2018/02/07 | Novocure Provider/Oncology Treatments |
BioPharma Credit Lender |
150 | Term Loan Used to pay existing debt |
| 2018/02/08 | NRP Jones Manufacturer/Industrial & Oilfield Hoses |
MB Business Capital Lender |
23 | Revolver Supports refi |
| 2018/02/19 | OCI Partners Operator/Methanol & Amonia Production Facilities |
BofA Merrill Lynch Lead Arranger |
455 | Term Loan/Revolver Used to pay existing debt |
| 2018/01/01 | Pandora Media Provider/Music Streaming Services |
Wells Fargo Admin Agent |
200 | Revolver Replaces previous facility with JPMorgan Chase |
| 2018/02/26 | PCX Aerostructures Manufacturer/Machined Flight Components |
Siena Lending Group Lender |
12 | Revolver Supports refi |
| 2018/03/28 | Penguin Computing Provider/Computing Solutions |
Wells Fargo Lender |
33 | Revolver Supports future growth opportunities |
| 2018/02/16 | Radiology Partners Operator/Hospital Based Radiology Services |
Golub Capital Admin Agent |
270 | Term Loan Supports acquisition of Renaissance Imaging Medical Associates |
| 2018/02/20 | Sears Authorized Hometown Operator/Retail Stores |
Gordon Brothers Finance Admin Agent |
40 | Term Loan |
| 2018/01/30 | Shutterfly Retailer/Online Prints |
Morgan Stanley Admin Agent |
825 | Term Loan Supports acquisition of Lifetouch |
| 2018/02/02 | Siesa Medical Manufacturer/Medical Devices |
Sagard Credit Partners Lender |
42.5 | Revolver |
| 2018/01/30 | Solace Capital Partners Private Investment Firm |
Ares Commercial Finance Lender |
41.7 | $25MM Revolver/$16.7MM Term Loan Supports acquisition of CST |
| 2018/01/23 | Solaris Oilfield Infrastructure Provider/Proppant Management Systems |
Woodforest National Bank Admin Agent |
70 | $50MM Term Loan/$20MM Revolver |
| 2018/03/07 | Standard Diversified Opportunities Holding Company |
Crystal Financial Lender |
25 | Revolver Supports future acquisitions |
| 2018/01/29 | Stewart Tubular Products Manufacturer/Down-Hold Accessories |
Siena Lending Group Lender |
19.5 | Revolver/Term Loan Supports refi |
| 2018/02/06 | Stone Road Energy Provider/Fuel Delivery Services |
Crystal Financial Lender |
20 | Revolver Supports refi and acquisitions |
| 2018/02/21 | TTM Technologies Manufacturer/Printed Circuit Boards |
JPMorgan Chase Admin Agent |
600 | Term Loan Supports acquisition of Anaren |
| 2018/03/27 | Unipower Manufacturer/DC Power Systems |
MidCap Business Credit Lender |
7 | Revolver Supports refi |
| 2018/01/16 | Unique Group Distributor/Engineered Metal Products |
MidCap Financial Lender |
46 | Revolver Supports refi |
| 2018/03/28 | Varian Medical Systems Provider/Radiation Oncology Treatments |
BofA Admin Agent |
1800 | Revolver Replaces previous revolver |
| 2018/02/26 | Venture Logistics Provider/Regional Logistics |
Huntington Business Credit Lender |
25 | Revolver Supports refi |
| 2018/02/21 | Vertical Bridge Provider/Communications Infrastructure |
TD Securities Lead Arranger |
250 | Revolver Used to pay existing debt |
| 2018/01/08 | VSE Provider/Diversified Technical Services |
Citizens Bank Admin Agent |
500 | Revolver/Term Loan Jt syndication agents; M&T, PNC & SunTrust |
| 2018/02/20 | Vulcan Provider/Integrated Aluminum Products |
MB Business Capital Lender |
30 | Revolver Supports refi |
| 2018/01/08 | Wells Fargo Provider/Energy & Water Resource Management Software |
Itron Admin Agent |
1150 | $650MM Term Loan/$500MM Revolver Supports acquisition of Silver Springs Network |
| 2018/02/15 | Wellspring Capital Management Private Equity Firm |
Antares Capital Admin Agent |
170 | Revolver Supports acquisition of SupplyOne |
| 2018/01/31 | Wingstop Operator/Restaurant Chains |
Wells Fargo Admin Agent |
250 | $130MM Revolver/$120MM Term Loan Supports recap |
| 2018/02/26 | Zayo Group Provider/Communications Solutions |
Morgan Stanley Admin Agent |
150 | Term Loan SunTrust served as additional admin agent |
| 2018/03/28 | Zedcor Energy Provider/Rental Surface Equipment |
ATB Financial Lender |
13.5 | Revolver |