Deal Charts

ABL Deal Chart 2018 Q2

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 4/01/18 through 6/30/18.

DATEBORROWER/INDUSTRYLENDER/ROLEAMOUNTSTRUCTURE/NOTES
2018/04/2510x Genomics
Provider/Chromium Controller Platform
SVB
Lead Arranger
75Revolver
2018/05/163P Processing
Provider/Metal Finishing
MB Business Capital
Lender
12Revolver
Supports acquisitions
2018/04/245N Plus
Producer/Engineered Materials
HSBC
Lead Arranger
79Revolver
Replaces previous revolver
2018/05/23Abacus Finance Group
Private Equity Firm
River Associates Investments
Admin Agent
22Revolver
Supports acquisition of GAHN
2018/05/30AccessOne
Provider/Healthcare Financing Options
Capital One
Admin Agent
150Revolver
Supports acquisition of HealthFirst Financial
2018/05/10Akami Technologies
Provider/Content Delivery Network Services
JPMorgan Chase
Admin Agent
500Revolver
Jt lead arrangers; JPMorgan, Morgan Stanley, Merrill Lynch, HSBC, TD & Sumitomo Mitsui
2018/06/28Aleris International
Manufacturer/Aluminum Rolled Products
Deutsche Bank
Admin Agent
1500Revolver
Jt lead arrangers; Deutsche, Credit Suisse, Barclays, JPMorgan, Merrill Lynch
2018/04/02Alkermes
Provider/Pharmaceuticals
Morgan Stanley
Admin Agent
284.5Term Loan
Replaces previous facility
2018/05/15Alliance Time
Distributor/Luxury Brand Watches
CIT Group
Lead Arranger
30Revolver
Supports future growth
2018/05/09Apergy
Provider/Oil Field Equipment
JPMorgan Chase
Admin Agent
545$415MM Term Loan/$250MM Revolver
Supports separation from Dover
2018/06/14Atlanticus Holdings
Provider/Financial Services
Credit Suisse
Lead Arranger
100ABL Revolver
Replaces previous facility with TowerBrook Capital Partners
2018/06/06Auramet Trading
Retailer/Precious Metals
ING Capital
Admin Agent
185Revolver
Facility includes additional $50MM accordion
2018/06/26Aurora Cannabis
Supplier/Cannabis
BMO
Lender
200$150MM Term Loan/$50MM Revolver
Facility includes additional $50MM accordion
2018/06/29AVANGRID
Provider/Sustainable Energy
JPMorgan Chase
Admin Agent
2500Revolver
Jt lead arrangers; JPMorgan, Merrill Lynch, MUFG, Santander, BBVA Securities
2018/04/02Axonics Modulation Technologies
Developer/Implantable Neuromodulation Technology
SVB
Lender
20Revolver
Supports refi
2018/04/17Basic Energy Services
Provider/Well Site Services
USB
Admin Agent
150ABL Revolver
Facility upsized from $120MM
2018/05/01BlueVine Capital
Provider/Small Business Funding
Credit Suisse
Lender
200Revolver
2018/06/13Braviant
Provider/Tech-Enabled Credit Solutions
Keystone National Group
Lender
50Revolver
2018/04/23Bristow Group
Provider/Industrial Aviation Services
Barclays Bank
Admin Agent
75ABL Revolver
Jt lead arrangers; Barclays, Credit Suisse
2018/05/23BRP
Provider/Powersports Vehicles
Bank of Montreal
Admin Agent
1300Revolver/Term Loan
Supports refi
2018/05/24BWX Technologies
Supplier/Nuclear Components & Fuel
Wells Fargo
Admin Agent
800$500MM Revolver/$300MM Term Loan
Facility used to pay existing debt
2018/05/30Cariage Services
Provider/Deathcare Services
BofA
Admin Agent
150Revolver
Facility used to pay existing debt
2018/06/27Celestica
Manufacturer/Supply Chain Solutions
BofA
Admin Agent
800$450MM Revolver/$350MM Term Loan
Replaces existing facility
2018/05/10Century Aluminum
Producer/Primary Aluminum
Wells Fargo
Admin Agent
175Revolver
Replaces existing revolver
2018/05/11CIBC
Retailer/Health Foods
Lifeway Foods
Lender
10Revolver
2018/06/28Clarus
Business Development Company
JPMorgan Chase
Admin Agent
150Revolver
Facility upsized by $75MM
2018/05/24Cloud Peak Energy
Producer/Coal
PNC
Admin Agent
150Revolver
Facility downsized from $400MM
2018/05/17Cobalt 27 Capital
Producer/Minerals
Nation Bank of Canada
Lead Arranger
80Revolver
2018/04/18Compass Diversified Holdings
Operator/Middle Market Businesses
BofA
Admin Agent
1100$600MM Revolver/$500MM Term Loan
Facility used for future expansions & acquisitions
2018/05/23Conn's
Retailer/Furniture & Home Appliances
BofA
Admin Agent
650ABL Revolver
Jt lead arrangers; BofA, J.P. Morgan, Regions, MUFG
2018/04/18CoreCivic
Provider/Diversified Government Solutions
BofA
Admin Agent
1000$800MM Revolver/$200MM Term Loan
Replaces previous facility
2018/05/22Cortland Capital
Manufacturer/Phosphate=-Based Fertilizer
Itafos
Admin Agent
165Term Loan
Facility used for working capital
2018/06/03Cumulus Media
Operator/Broadcasting Stations
Wilmington Trust
Admin Agent
1300Term Loan
2018/04/04CytoSorbents
Provider/Critical Care Immunotherapy
Bridge Bank
Lender
15Term Loan
Facility upsized from $10MM
2018/04/02Delek US Holdings
Provider/Downstream Energy
Wells Fargo
Admin Agent
1700$1B ABL Revolver/$700MM Term Loan
Jt lead arrangers; Wells Fargo, Barclays, Regions, SunTrust Robinson Humphrey
2018/06/14Direct Source Seafood
Retailer/Crab & Shrimp Products
Veritas Financial Services
Admin Agent
35ABL Revolver
2018/04/19Dollar Tree
Operator/Retail Stores
JPMorgan Chase
Admin Agent
2030$1.25B Revolver/$782MM Term Loan
2018/05/06Extreme Networks
Provider/Software-Driven Solutions
Bank of Montreal
Admin Agent
230$190MM Term Loan/$40MM Revolver
2018/04/26FERRO
Provider/Specialty Pigments & Colorants
Deutsche, PNC
Lead Arrangers
1320$820MM Term Loan/$500MM Revolver
Supports refi
2018/04/17FilmNation Entertainment
Producer/Independent Movies
BofA
Admin Agent
120Revolver
Facility used for workign capital
2018/05/25Frost Banks
Provider/Property Evaluations
Kimbell Royalty Partners
Admin Agent
200Revolver
Supports acquisition of Haymaker Minerals & Royalties
2018/05/06Fusion
Provider/Cloud Services
Goldman Sachs
Admin Agent
680$640MM Term Loan/$40MM Revolver
Supports acquisition of Birch Communications
2018/04/26Genocea Biosciences
Developer/T-Cell Therapeutics
Hercules Capital
Lender
14Term Loan
Supports refi
2018/05/08Gill Holding Company
Manufacturer/Stamped Metal Products
Huntington Business Credit
Lender
130Revolver/Term Loan
Supports refi
2018/04/24Grasshopper Solar
Provider/Solar Energy Services
Deutsche Bank
Lender
209Revolver
2018/05/21Hallador Energy
Producer/Coal
PNC Bank
Admin Agent
267$147MM Term Loan/$120MM Revolver
2018/06/04Harvest Oil
Provider/Oil & Gas
JPMorgan Chase
Admin Agent
1000Revolver
Facility used as exit financing
2018/06/04Heritage Travelware
Distributor/Travel Goods
Encina Business Credit
Lender
20ABL Revolver
Supports refi
2018/05/11HSBC
Provider/Industrial Services
Vertex Resources Group
Lead Arranger
70Revolver
Supports future growth
2018/06/14Intertape Polymer Group
Manufacturer/Paper & Film-Based Tapes
BofA
Admin Agent
600Revolver
Replaces existing facility
2018/05/29JackRabbit
Retailer/Athletic Supplies
Encina Business Credit
Lender
15ABL Revolver
Supports refi
2018/05/29Keane Group
Provider/Integrated WellCompletion Services
Barclays
Admin Agent
350Term Loan
Jt lead arrangers; Barclays, J.P. Morgan, BofA Merrill Lynch
2018/06/12Kemper
Provider/Insurance Solutions
JPMorgan Chase
Admin Agent
550$300MM Revolver/$250 Term Loan
Jt lead arrangers; JPMorgan Chase, Merrill Lynch, Wells Fargo Securities
2018/05/08KeyW
Provider/National Security Solutions
RBC
Admin Agent
340$290MM Term Loan/$50MM Revolver
Jt lead arrangers; RBC Capital Markets, Fifth Third, JPMorgan, SunTrust
2018/06/27KKR Capital Markets
Provider/Security Brokerage Services
Mizuho Bank
Admin Agent
750Revolver
Facility used to pay existing debts
2018/04/17Lamination Specialties
Manufacturer/Electrical Steel Laminations
MB Business Capital
Lender
24.5Revolver
Supports acquisition
2018/06/28Legendary Entertainment
Provider/Global Entertainment
J.P. Morgan
Lead Arranger
1000Revolver
Jt syndicates; Union Bank, BofA, Comerica, CIT, Fifth Third, SunTrust
2018/05/03Lone Oak Payroll
Provider/Payroll Funding Solutions
Wells Fargo Capital Finance
Lender
17Revolver
2018/05/30MGG
Provider/Intent-Based Technology
Propel Media
Lender
57$50MM TermLoan/$7MM Revolver
2018/05/29Microchip Technology
Manufacturer/Microchips
JPMorgan Chase
Admin Agent
6800$3.8B Revolver/$3B Term Loan
Suports acquisition of Microsemi
2018/06/11Milestone Partners
Private Equity Firm
Monroe Capital
Admin Agent
21Revolver
Supports acquisition of RedZone Robotics
2018/05/03Miramax
Producer/Films
BofA merrill Lynch, MUFG
Lender
300Revolver
2018/06/07Motorcar Parts of America
Manufacturer/Automotive Aftermarket Parts
PNC Bank
Lender
230$200MM Revolver/$30 MM Term Loan
Replaces previous facility
2018/04/18National Research Corporation
Provider/Customer Services Analytics
First National Bank of Omaha
Lender
70$55MM Term Loan/$15MM Revolver
2018/06/08Nautilus Minerals
Provider/Ocean Mining Services
Deep Sea Mining Finance
Lender
34Revolver
Facility used for working capital
2018/04/02NextGen Healthcare
Provider/Medical & Dental Services
JPMorgan Chase
Admin Agent
300Revolver
Replaces previous facility
2018/06/19Novacap
Private Equity Firm
Antares
Admin Agent
145Revolver
Supports acquisition of Horizon Telcom
2018/04/23Nu Skin Enterprises
Manufacturer/Anti-Aging Products
BofA
Admin Agent
750$450MM Revolver/$400MM Term Loan
Jt lead arrangers; Merrill Lynch, HSBC, Bank of the West, Fifth Third
2018/05/29Nxt-ID
Developer/Technology Products & Services
Sagard Credit Partners
Lender
16Term Loan
Supports refi
2018/04/18OnDeck
Provider/Small Business Loans
Pioneers Gate
Lender
100ABL Revolver
2018/04/12OSG Billing Services
Provider/Billing & Payment Solutions
SunTrust Robinson Humphreys
Lead Arranger
360Revolver
Supports refi
2018/05/14PennantPark
Business Development Company
Capital One
Admin Agent
420Revolver
2018/04/30People's Care Holdings
Provider/Adult Care Services
Crystal Financial
Lender
15Term Loan
Used to pay existing debt
2018/05/08R1 RCM
Provider/Revenue Cycle Management
BofA
Admin Agent
285$270MM Term Loan/$25MM Revolver
Supports acquisition of Intermedix
2018/06/15Reata Pharmaceuticals
Developer/Therapeutic Services
SVB, Oxford
Lead Arrangers
125Term Loan
Facility upsized from $45MM
2018/06/05Recursion Pharmaceuticals
Provider/AI Drug Discovery
Square 1 Bank
Lender
20.5Revolver
Facility supports future growth initiatives
2018/05/11Restoration Robotics
Developer/Medical Devices
Solar Capital, Bridge Bank
Lenders
20Revolver
Facility used to pay existing debts
2018/04/11Resverlogix
Provider/Clinical Biotechnology
Third Eye Capital
Admin Agent
30Revolver
2018/04/30Resverlogix
Developer/Apabetalone
Third Eye Capital
Admin Agent
30Revolver
2018/06/12Rolta Advizex Technologies
Retailer/Information Technology
Huntington Business Credit
Lender
20Revolver
Supports refi
2018/04/12Rotech Healthcare
Provider/Home Medical Products
SunTrust
Admin Agent
185$160MM Term Loan/$25MM Revolver
Jt lead arrangers; SunTrust, Regions, Fifth Third
2018/04/30RumbleOn
Operator/e-Commerce Platform
Hercules Capital
Lender
15Revolver
Supports business growth
2018/04/11SBA Senior Finance
Provider/Wireless Communications Services
TD Bank
Admin Agent
3650$2.4B Term Loan/$1.25B Revolver
Facility upsized from $1B
2018/04/30Shale Support Holdings
Provider/Hydraulic & Logistical Solutions
Siena Lending Group
Lender
10Revolver
Supports growth & expansion
2018/05/01Smucker
Manufacturer/Jam
BofA
Lender
1500Term Loan
Supports acquisition of Ainsworth Pet Nutrition
2018/05/23Sportsman's Warehouse
Retailer/Outdoor Sporting Goods
WFCF
Lender
250Revolver
Facility upsized by $100MM
2018/06/18Standardized Sanitation
Provider/Cleaning & Maintenance Networking
Siena Lending Group
Lender
10Revolver
Supports refi
2018/05/01Stanley Furniture
Manufacturer/Residential Furnishings
North Mill Capital
Lender
16ABL Revolver
Used to pay existing debt
2018/04/03Stone Point Capital
Private Equity Firm
Capital One
Admin Agent
65Revolver
Supports acquisition of Grace Hill
2018/06/28Summer Infant
Distributor/Infant Products
BofA, Pathlight
Lead Arrangers
77.5$60MM ABL Revolver/$17.5MM Term Loan
Supports refi
2018/05/10Superior Pipeline
Producer/Natural Gas
BOKF
Admin Agent
200Revolver
Supports future acquisitions
2018/06/01Superior Plus
Provider/Propane
TD, CIBC
Lead Arrangers
400Revolver
Supports acquisition of NGL Energy
2018/04/18Supermico Computer
Provider/Server & Storage Technology
BofA
Lead Arranger
250Revolver
2018/05/07Takeda Pharmaceuticals
Manufacturer/Pharmaceuticals
JPMorgan Chase
Admin Agent
308.5Revolver
Supports acquisition of Shire
2018/04/17Technical Consumer Products
Manufacturer/Lighting Technologies
Encina Business Credit
Lender
45Revolver
Supports refi
2018/05/08Tecogen
Manufacturer/Congeneration Products
Webster Business Credit
Lender
10Revolver
Used to repay existing debt
2018/04/10Terex
Manufacturer/Material Processing Products
Credit Suisse
Admin Agent
600Revolver
Facility upsized from $450MM
2018/06/18The Finish Line
Retailer/Athletic Shoes
PNC Bank
Admin Agent
315Revolver
Supports refi
2018/06/22TriNet
Provider/HR Solutions
BofA
Admin Agent
675$425MM Term Loan/$250MM Revolver
Jt lead arrangers; Merrill Lynch, Bank of the West, JPMorgan Chase, Wells Fargo Securities
2018/04/23University Health System
Provider/Advanced Healthcare
White Oak Healthcare Finance
Admin Agent
30Revolver
Division of Biomedical Research Foundation of NW Louisiana
2018/04/03W.R. Grace
Producer/Specialty Chemicals
Goldman Sachs
Admin Agent
1350$950MM Term Loan/$400MM Revolver
Supports acquisition of Albemarle Corporation
2018/06/14WaterBridge Operating
Provider/Water Management Services
SunTrust Bank
Lead Arranger
200Revolver
Facility supports future investments
2018/06/05Zacky & Sons Poultry
Distributor/Premium Poultry
Great Rock Capital
Lender
25Term Loan
Supports refi
2018/04/12ZAGG
Producer/Mobile Accessories & Technologies
KeyBank
Admin Agent
85Revolver