Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 4/01/18 through 6/30/18.
| DATE | BORROWER/INDUSTRY | LENDER/ROLE | AMOUNT | STRUCTURE/NOTES |
|---|---|---|---|---|
| 2018/04/25 | 10x Genomics Provider/Chromium Controller Platform |
SVB Lead Arranger |
75 | Revolver |
| 2018/05/16 | 3P Processing Provider/Metal Finishing |
MB Business Capital Lender |
12 | Revolver Supports acquisitions |
| 2018/04/24 | 5N Plus Producer/Engineered Materials |
HSBC Lead Arranger |
79 | Revolver Replaces previous revolver |
| 2018/05/23 | Abacus Finance Group Private Equity Firm |
River Associates Investments Admin Agent |
22 | Revolver Supports acquisition of GAHN |
| 2018/05/30 | AccessOne Provider/Healthcare Financing Options |
Capital One Admin Agent |
150 | Revolver Supports acquisition of HealthFirst Financial |
| 2018/05/10 | Akami Technologies Provider/Content Delivery Network Services |
JPMorgan Chase Admin Agent |
500 | Revolver Jt lead arrangers; JPMorgan, Morgan Stanley, Merrill Lynch, HSBC, TD & Sumitomo Mitsui |
| 2018/06/28 | Aleris International Manufacturer/Aluminum Rolled Products |
Deutsche Bank Admin Agent |
1500 | Revolver Jt lead arrangers; Deutsche, Credit Suisse, Barclays, JPMorgan, Merrill Lynch |
| 2018/04/02 | Alkermes Provider/Pharmaceuticals |
Morgan Stanley Admin Agent |
284.5 | Term Loan Replaces previous facility |
| 2018/05/15 | Alliance Time Distributor/Luxury Brand Watches |
CIT Group Lead Arranger |
30 | Revolver Supports future growth |
| 2018/05/09 | Apergy Provider/Oil Field Equipment |
JPMorgan Chase Admin Agent |
545 | $415MM Term Loan/$250MM Revolver Supports separation from Dover |
| 2018/06/14 | Atlanticus Holdings Provider/Financial Services |
Credit Suisse Lead Arranger |
100 | ABL Revolver Replaces previous facility with TowerBrook Capital Partners |
| 2018/06/06 | Auramet Trading Retailer/Precious Metals |
ING Capital Admin Agent |
185 | Revolver Facility includes additional $50MM accordion |
| 2018/06/26 | Aurora Cannabis Supplier/Cannabis |
BMO Lender |
200 | $150MM Term Loan/$50MM Revolver Facility includes additional $50MM accordion |
| 2018/06/29 | AVANGRID Provider/Sustainable Energy |
JPMorgan Chase Admin Agent |
2500 | Revolver Jt lead arrangers; JPMorgan, Merrill Lynch, MUFG, Santander, BBVA Securities |
| 2018/04/02 | Axonics Modulation Technologies Developer/Implantable Neuromodulation Technology |
SVB Lender |
20 | Revolver Supports refi |
| 2018/04/17 | Basic Energy Services Provider/Well Site Services |
USB Admin Agent |
150 | ABL Revolver Facility upsized from $120MM |
| 2018/05/01 | BlueVine Capital Provider/Small Business Funding |
Credit Suisse Lender |
200 | Revolver |
| 2018/06/13 | Braviant Provider/Tech-Enabled Credit Solutions |
Keystone National Group Lender |
50 | Revolver |
| 2018/04/23 | Bristow Group Provider/Industrial Aviation Services |
Barclays Bank Admin Agent |
75 | ABL Revolver Jt lead arrangers; Barclays, Credit Suisse |
| 2018/05/23 | BRP Provider/Powersports Vehicles |
Bank of Montreal Admin Agent |
1300 | Revolver/Term Loan Supports refi |
| 2018/05/24 | BWX Technologies Supplier/Nuclear Components & Fuel |
Wells Fargo Admin Agent |
800 | $500MM Revolver/$300MM Term Loan Facility used to pay existing debt |
| 2018/05/30 | Cariage Services Provider/Deathcare Services |
BofA Admin Agent |
150 | Revolver Facility used to pay existing debt |
| 2018/06/27 | Celestica Manufacturer/Supply Chain Solutions |
BofA Admin Agent |
800 | $450MM Revolver/$350MM Term Loan Replaces existing facility |
| 2018/05/10 | Century Aluminum Producer/Primary Aluminum |
Wells Fargo Admin Agent |
175 | Revolver Replaces existing revolver |
| 2018/05/11 | CIBC Retailer/Health Foods |
Lifeway Foods Lender |
10 | Revolver |
| 2018/06/28 | Clarus Business Development Company |
JPMorgan Chase Admin Agent |
150 | Revolver Facility upsized by $75MM |
| 2018/05/24 | Cloud Peak Energy Producer/Coal |
PNC Admin Agent |
150 | Revolver Facility downsized from $400MM |
| 2018/05/17 | Cobalt 27 Capital Producer/Minerals |
Nation Bank of Canada Lead Arranger |
80 | Revolver |
| 2018/04/18 | Compass Diversified Holdings Operator/Middle Market Businesses |
BofA Admin Agent |
1100 | $600MM Revolver/$500MM Term Loan Facility used for future expansions & acquisitions |
| 2018/05/23 | Conn's Retailer/Furniture & Home Appliances |
BofA Admin Agent |
650 | ABL Revolver Jt lead arrangers; BofA, J.P. Morgan, Regions, MUFG |
| 2018/04/18 | CoreCivic Provider/Diversified Government Solutions |
BofA Admin Agent |
1000 | $800MM Revolver/$200MM Term Loan Replaces previous facility |
| 2018/05/22 | Cortland Capital Manufacturer/Phosphate=-Based Fertilizer |
Itafos Admin Agent |
165 | Term Loan Facility used for working capital |
| 2018/06/03 | Cumulus Media Operator/Broadcasting Stations |
Wilmington Trust Admin Agent |
1300 | Term Loan |
| 2018/04/04 | CytoSorbents Provider/Critical Care Immunotherapy |
Bridge Bank Lender |
15 | Term Loan Facility upsized from $10MM |
| 2018/04/02 | Delek 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 |
| 2018/06/14 | Direct Source Seafood Retailer/Crab & Shrimp Products |
Veritas Financial Services Admin Agent |
35 | ABL Revolver |
| 2018/04/19 | Dollar Tree Operator/Retail Stores |
JPMorgan Chase Admin Agent |
2030 | $1.25B Revolver/$782MM Term Loan |
| 2018/05/06 | Extreme Networks Provider/Software-Driven Solutions |
Bank of Montreal Admin Agent |
230 | $190MM Term Loan/$40MM Revolver |
| 2018/04/26 | FERRO Provider/Specialty Pigments & Colorants |
Deutsche, PNC Lead Arrangers |
1320 | $820MM Term Loan/$500MM Revolver Supports refi |
| 2018/04/17 | FilmNation Entertainment Producer/Independent Movies |
BofA Admin Agent |
120 | Revolver Facility used for workign capital |
| 2018/05/25 | Frost Banks Provider/Property Evaluations |
Kimbell Royalty Partners Admin Agent |
200 | Revolver Supports acquisition of Haymaker Minerals & Royalties |
| 2018/05/06 | Fusion Provider/Cloud Services |
Goldman Sachs Admin Agent |
680 | $640MM Term Loan/$40MM Revolver Supports acquisition of Birch Communications |
| 2018/04/26 | Genocea Biosciences Developer/T-Cell Therapeutics |
Hercules Capital Lender |
14 | Term Loan Supports refi |
| 2018/05/08 | Gill Holding Company Manufacturer/Stamped Metal Products |
Huntington Business Credit Lender |
130 | Revolver/Term Loan Supports refi |
| 2018/04/24 | Grasshopper Solar Provider/Solar Energy Services |
Deutsche Bank Lender |
209 | Revolver |
| 2018/05/21 | Hallador Energy Producer/Coal |
PNC Bank Admin Agent |
267 | $147MM Term Loan/$120MM Revolver |
| 2018/06/04 | Harvest Oil Provider/Oil & Gas |
JPMorgan Chase Admin Agent |
1000 | Revolver Facility used as exit financing |
| 2018/06/04 | Heritage Travelware Distributor/Travel Goods |
Encina Business Credit Lender |
20 | ABL Revolver Supports refi |
| 2018/05/11 | HSBC Provider/Industrial Services |
Vertex Resources Group Lead Arranger |
70 | Revolver Supports future growth |
| 2018/06/14 | Intertape Polymer Group Manufacturer/Paper & Film-Based Tapes |
BofA Admin Agent |
600 | Revolver Replaces existing facility |
| 2018/05/29 | JackRabbit Retailer/Athletic Supplies |
Encina Business Credit Lender |
15 | ABL Revolver Supports refi |
| 2018/05/29 | Keane Group Provider/Integrated WellCompletion Services |
Barclays Admin Agent |
350 | Term Loan Jt lead arrangers; Barclays, J.P. Morgan, BofA Merrill Lynch |
| 2018/06/12 | Kemper Provider/Insurance Solutions |
JPMorgan Chase Admin Agent |
550 | $300MM Revolver/$250 Term Loan Jt lead arrangers; JPMorgan Chase, Merrill Lynch, Wells Fargo Securities |
| 2018/05/08 | KeyW Provider/National Security Solutions |
RBC Admin Agent |
340 | $290MM Term Loan/$50MM Revolver Jt lead arrangers; RBC Capital Markets, Fifth Third, JPMorgan, SunTrust |
| 2018/06/27 | KKR Capital Markets Provider/Security Brokerage Services |
Mizuho Bank Admin Agent |
750 | Revolver Facility used to pay existing debts |
| 2018/04/17 | Lamination Specialties Manufacturer/Electrical Steel Laminations |
MB Business Capital Lender |
24.5 | Revolver Supports acquisition |
| 2018/06/28 | Legendary Entertainment Provider/Global Entertainment |
J.P. Morgan Lead Arranger |
1000 | Revolver Jt syndicates; Union Bank, BofA, Comerica, CIT, Fifth Third, SunTrust |
| 2018/05/03 | Lone Oak Payroll Provider/Payroll Funding Solutions |
Wells Fargo Capital Finance Lender |
17 | Revolver |
| 2018/05/30 | MGG Provider/Intent-Based Technology |
Propel Media Lender |
57 | $50MM TermLoan/$7MM Revolver |
| 2018/05/29 | Microchip Technology Manufacturer/Microchips |
JPMorgan Chase Admin Agent |
6800 | $3.8B Revolver/$3B Term Loan Suports acquisition of Microsemi |
| 2018/06/11 | Milestone Partners Private Equity Firm |
Monroe Capital Admin Agent |
21 | Revolver Supports acquisition of RedZone Robotics |
| 2018/05/03 | Miramax Producer/Films |
BofA merrill Lynch, MUFG Lender |
300 | Revolver |
| 2018/06/07 | Motorcar Parts of America Manufacturer/Automotive Aftermarket Parts |
PNC Bank Lender |
230 | $200MM Revolver/$30 MM Term Loan Replaces previous facility |
| 2018/04/18 | National Research Corporation Provider/Customer Services Analytics |
First National Bank of Omaha Lender |
70 | $55MM Term Loan/$15MM Revolver |
| 2018/06/08 | Nautilus Minerals Provider/Ocean Mining Services |
Deep Sea Mining Finance Lender |
34 | Revolver Facility used for working capital |
| 2018/04/02 | NextGen Healthcare Provider/Medical & Dental Services |
JPMorgan Chase Admin Agent |
300 | Revolver Replaces previous facility |
| 2018/06/19 | Novacap Private Equity Firm |
Antares Admin Agent |
145 | Revolver Supports acquisition of Horizon Telcom |
| 2018/04/23 | Nu 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 |
| 2018/05/29 | Nxt-ID Developer/Technology Products & Services |
Sagard Credit Partners Lender |
16 | Term Loan Supports refi |
| 2018/04/18 | OnDeck Provider/Small Business Loans |
Pioneers Gate Lender |
100 | ABL Revolver |
| 2018/04/12 | OSG Billing Services Provider/Billing & Payment Solutions |
SunTrust Robinson Humphreys Lead Arranger |
360 | Revolver Supports refi |
| 2018/05/14 | PennantPark Business Development Company |
Capital One Admin Agent |
420 | Revolver |
| 2018/04/30 | People's Care Holdings Provider/Adult Care Services |
Crystal Financial Lender |
15 | Term Loan Used to pay existing debt |
| 2018/05/08 | R1 RCM Provider/Revenue Cycle Management |
BofA Admin Agent |
285 | $270MM Term Loan/$25MM Revolver Supports acquisition of Intermedix |
| 2018/06/15 | Reata Pharmaceuticals Developer/Therapeutic Services |
SVB, Oxford Lead Arrangers |
125 | Term Loan Facility upsized from $45MM |
| 2018/06/05 | Recursion Pharmaceuticals Provider/AI Drug Discovery |
Square 1 Bank Lender |
20.5 | Revolver Facility supports future growth initiatives |
| 2018/05/11 | Restoration Robotics Developer/Medical Devices |
Solar Capital, Bridge Bank Lenders |
20 | Revolver Facility used to pay existing debts |
| 2018/04/11 | Resverlogix Provider/Clinical Biotechnology |
Third Eye Capital Admin Agent |
30 | Revolver |
| 2018/04/30 | Resverlogix Developer/Apabetalone |
Third Eye Capital Admin Agent |
30 | Revolver |
| 2018/06/12 | Rolta Advizex Technologies Retailer/Information Technology |
Huntington Business Credit Lender |
20 | Revolver Supports refi |
| 2018/04/12 | Rotech Healthcare Provider/Home Medical Products |
SunTrust Admin Agent |
185 | $160MM Term Loan/$25MM Revolver Jt lead arrangers; SunTrust, Regions, Fifth Third |
| 2018/04/30 | RumbleOn Operator/e-Commerce Platform |
Hercules Capital Lender |
15 | Revolver Supports business growth |
| 2018/04/11 | SBA Senior Finance Provider/Wireless Communications Services |
TD Bank Admin Agent |
3650 | $2.4B Term Loan/$1.25B Revolver Facility upsized from $1B |
| 2018/04/30 | Shale Support Holdings Provider/Hydraulic & Logistical Solutions |
Siena Lending Group Lender |
10 | Revolver Supports growth & expansion |
| 2018/05/01 | Smucker Manufacturer/Jam |
BofA Lender |
1500 | Term Loan Supports acquisition of Ainsworth Pet Nutrition |
| 2018/05/23 | Sportsman's Warehouse Retailer/Outdoor Sporting Goods |
WFCF Lender |
250 | Revolver Facility upsized by $100MM |
| 2018/06/18 | Standardized Sanitation Provider/Cleaning & Maintenance Networking |
Siena Lending Group Lender |
10 | Revolver Supports refi |
| 2018/05/01 | Stanley Furniture Manufacturer/Residential Furnishings |
North Mill Capital Lender |
16 | ABL Revolver Used to pay existing debt |
| 2018/04/03 | Stone Point Capital Private Equity Firm |
Capital One Admin Agent |
65 | Revolver Supports acquisition of Grace Hill |
| 2018/06/28 | Summer Infant Distributor/Infant Products |
BofA, Pathlight Lead Arrangers |
77.5 | $60MM ABL Revolver/$17.5MM Term Loan Supports refi |
| 2018/05/10 | Superior Pipeline Producer/Natural Gas |
BOKF Admin Agent |
200 | Revolver Supports future acquisitions |
| 2018/06/01 | Superior Plus Provider/Propane |
TD, CIBC Lead Arrangers |
400 | Revolver Supports acquisition of NGL Energy |
| 2018/04/18 | Supermico Computer Provider/Server & Storage Technology |
BofA Lead Arranger |
250 | Revolver |
| 2018/05/07 | Takeda Pharmaceuticals Manufacturer/Pharmaceuticals |
JPMorgan Chase Admin Agent |
308.5 | Revolver Supports acquisition of Shire |
| 2018/04/17 | Technical Consumer Products Manufacturer/Lighting Technologies |
Encina Business Credit Lender |
45 | Revolver Supports refi |
| 2018/05/08 | Tecogen Manufacturer/Congeneration Products |
Webster Business Credit Lender |
10 | Revolver Used to repay existing debt |
| 2018/04/10 | Terex Manufacturer/Material Processing Products |
Credit Suisse Admin Agent |
600 | Revolver Facility upsized from $450MM |
| 2018/06/18 | The Finish Line Retailer/Athletic Shoes |
PNC Bank Admin Agent |
315 | Revolver Supports refi |
| 2018/06/22 | TriNet 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 |
| 2018/04/23 | University Health System Provider/Advanced Healthcare |
White Oak Healthcare Finance Admin Agent |
30 | Revolver Division of Biomedical Research Foundation of NW Louisiana |
| 2018/04/03 | W.R. Grace Producer/Specialty Chemicals |
Goldman Sachs Admin Agent |
1350 | $950MM Term Loan/$400MM Revolver Supports acquisition of Albemarle Corporation |
| 2018/06/14 | WaterBridge Operating Provider/Water Management Services |
SunTrust Bank Lead Arranger |
200 | Revolver Facility supports future investments |
| 2018/06/05 | Zacky & Sons Poultry Distributor/Premium Poultry |
Great Rock Capital Lender |
25 | Term Loan Supports refi |
| 2018/04/12 | ZAGG Producer/Mobile Accessories & Technologies |
KeyBank Admin Agent |
85 | Revolver |