Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 7/01/18 through 9/30/18.
| DATE | BORROWER/INDUSTRY | LENDER/ROLE | AMOUNT | STRUCTURE/NOTES |
|---|---|---|---|---|
| 2018/07/03 | Tree Island Steel Producer/Wire Products |
WFCF Lender |
80 | $60MM Revolver/$20MM Term Loan Facility upsized |
| 2018/07/03 | SWK Holdings Provider/Healthcare Financing |
AloStar Capital Financing Lender |
20 | Revolver |
| 2018/07/03 | IMAX Provider/Theatre Entertainment |
Wells Fargo Admin Agent |
300 | Revolver Replaces prior facility |
| 2018/07/02 | Plantronics Manufacturer/Business & Personal Headsets |
Wells Fargo Admin Agent |
1275 | Term Loan Supports acquisition of Polycom |
| 2018/07/02 | Star Group Provider/Home Energy |
JPMorgan Chase Admin Agent |
300 | ABL Revolver Jt lead arrangers; JPMorgan Chase, Merrill Lynch, Citizens Bank |
| 2018/07/02 | Knight Dental Provider/Dental Lab Services |
Alpine Capital Admin Agent |
17 | $12MM Term Loan/$5MM Revolver |
| 2018/07/31 | Profound Medical Provider/Medical Devices |
CIBC Innovation Banking Lender |
18.75 | Term Loan Used to repay existing debt |
| 2018/07/30 | TrueBlue Provider/Staffing Solutions |
BofA Admin Agent |
300 | Revolver Jt lead arrangers; BofA Merrill Lynch, Wells Fargo Securities, PNC |
| 2018/07/27 | Midcal Business Credit Provider/Loans & Credit Products |
WFCF Lender |
100 | ABL Revolver Facility upsized from previous facility |
| 2018/07/25 | Generac Power Systems Manufacturer/Backup Power Systems |
BofA Admin Agent |
300 | ABL Revolver Syndication agent; JPMorgan Chase |
| 2018/07/24 | IQVIA Provider/IT Services |
JPMorgan Chase Admin Agent |
1750 | Term Loan Replaces existing facility |
| 2018/07/23 | Pilgrim's Pride Producer/Chicken Products |
CoBank Admin Agent |
1250 | $750MM Revolver/$500MM Term Loan Includes $1.25B accordion feature |
| 2018/07/24 | Golub Capital BDC |
Morgan Stanley Lender |
300 | Revolver |
| 2018/07/18 | Walker Zanger Retailer/Tile & Slab |
CIT Northbridge Credit Lead Arranger |
17 | Revolver/Term Loan |
| 2018/07/16 | Charles & Colvard Manufacturer/Moissanite |
White Oak Commercial Finance Lender |
5 | ABL Revolver Replaces existing facility |
| 2018/07/17 | OnDeck Provider/Online Lending Services |
Credit Suisse, Agricole Lenders |
93 | ABL Revolver Credit Suisse provided $55.179MM; Agricole provided $37.753MM |
| 2018/07/13 | Revlon Holdings Manufacturer/Beauty & Personal Care Products |
Citibank Admin Agent |
140 | ABL Revolver Facility used for working capital |
| 2018/08/08 | APPVION Producer/Thermal & Carbonless Paper |
WFCF Admin Agent |
185 | $105MM Term Loan/$80MM Revolver Supports future growth |
| 2018/08/07 | Vita Healthcare Provider/Long-Term Specialty Care |
White Oak Healthcare Finance Admin Agent |
34.8 | Term Loan Supports acquisition of nursing facilities |
| 2018/08/06 | Goosehead Insurance Holdings Provider/Personal Insurance Products |
J.P. Morgan Bookrunner |
53 | $40MM Term Loan/$13MM Revolver Used to repay existing facility |
| 2018/08/03 | Universal Stainless & Alloy Products Manufacturer/Specialty Steels |
PNC Bank Lender |
120 | ABL Revolver |
| 2018/08/03 | Cantel Medical Manufacturer/Medical Devices |
BofA Admin Agent |
600 | $400MM Revolver/$200MM Term Loan Jt lead arrangers; Wells Fargo Securities, JPMorgan Chase |
| 2018/08/01 | Fanzz Gear Retailer/Licensed Sports Merchandise |
Ares Commercial Finance Lender |
11 | Revolver Supports refi |
| 2018/08/01 | Accord Financial Provider/Financial Solutions |
Scotia Bank Admin Agent |
292 | Revolver Facility upsized from $185MM |
| 2018/08/27 | MPD Provider/Electronic Components |
PNC Bank Admin Agent |
16.2 | Revolver Supports refi |
| 2018/08/28 | Voci Technologies Provider/Speech Analytics |
Square 1 Bank Lender |
5 | Revolver Supports long-term growth initiatives |
| 2018/08/27 | Diebold Nixdorf Provider/Consumer Services & Technology |
JPMorgan Chase Admin Agent |
650 | Term Loan Supports refi |
| 2018/08/22 | Tower Three Partners Private Equity Firm |
LBC Credit Admin Agent |
35 | Revolver Supports acquisition of Nurse Assist |
| 2018/08/03 | Stage Stores Retailer/Apparel & Home Goods |
Wells Fargo Admin Agent |
25 | Term Loan Replaces previous facility |
| 2018/08/21 | Vince Holding Manufacturer/Luzury Apparel & Accessories |
Citizens Bank, Crystal Financial Admin Agent |
107.5 | $80MM Revolver/$27.5MM Term Loan Crystal served as admin agent for term loan, Citizens served as admin agent for revolver |
| 2018/08/20 | Covanta Holdings Provider/Waste & Energy Solutions |
BofA Admin Agent |
1300 | $900MM Revolver/$400MM Term Loan Facility upsized by $100MM |
| 2018/08/20 | Facet Medical Technologies Manufacturer/Medical Equipment |
Siena Lending Group Lender |
7.5 | ABL Revolver Supports future working capital |
| 2018/08/20 | MiraMed Global Services Provider/Healthcare Management Services |
Citibank, Citizens Lead Arrangers |
75 | Revolver Syndication agent; Citizens Bank |
| 2018/08/20 | A'GACI Retailer/Women's Apparel |
Second Avenue Capital Partners Lender |
12 | Revolver Facility used for exit financing |
| 2018/08/16 | FS Energy & Power BDC |
JPMorgan, Others Lead Arrangers |
1000 | Term Loan/Revolver Jt lead arrangers; JPMorgan Chase, SG Americas, BMO Capital |
| 2018/08/14 | Akumin Provider/Diagnostic Imaging Services |
BBVA Admin Agent |
130 | $100MM Term Loan/$30MM Revolver Used to repay existing facility |
| 2018/08/14 | ServiceMaster Provider/Residential & Commercial Services |
JPMorgan Chase Admin Agent |
1000 | Term Loan Used to repay existing debts |
| 2018/08/13 | 36th Street Capital Independent Finance Company |
Capital One Lender |
75 | Revolver Facility upsized by $25MM |
| 2018/08/10 | Inspired Entertainment Provider/Server Based Gaming Systems |
Lloyds Bank Admin Agent |
9.5 | Revolver Supports future working capital |
| 2018/08/10 | McEwen Mining Provider/Mining Services |
Royal Capital Management Admin Agent |
50 | Term Loan Facility used to support construction of Gold Bar Mine |
| 2018/08/10 | Tiger Rentals Provider/Onshore Equipment Rental Services |
JPMorgan, Orion Energy Lenders |
160 | $100MM Term Loan/$60MM Revolver Term loan provided by Orion, revolver provided by JPMorgan |
| 2018/09/25 | Great Elm Provider/Sleep & Respiratory Medical Equipment |
Pacific Mercantile Bank Lender |
10 | Revolver Supports acquisitions of Valley Healthcare Group & Northwest Medical |
| 2018/09/24 | Energy Efficient Equity Specialty Finance Company |
Natixis Lender |
150 | ABL Revolver |
| 2018/09/24 | Aligned Energy Provider/Cloud & Managed Service Solutions |
Goldman Sachs Lender |
375 | Revolver Facility used for future capital |
| 2018/09/25 | Gibraltar Business Capital Provider/Finance Solutions |
WFCF Lender |
100 | Revolver Facility upsized from $75MM |
| 2018/09/20 | Trevali Mining Producer/Base Metals |
Scotiabank Admin Agent |
275 | Revolver Replaces prior facility |
| 2018/09/17 | Stellex Capital Management Private Equity Firm |
AloStar Capital Finance Admin Agent |
20 | Revolver Supports acquisition of Fenix Parts |
| 2018/09/17 | Quad-C Management Private Equity Firm |
Antares Admin Agent |
151 | Revolver Supports acquisition of NJRetina |
| 2018/09/12 | Enterprise Products Partners Provider/Midstream Energy Services |
CitiBank Admin Agent |
2000 | Revolver |
| 2018/09/12 | The Timken Company Manufacturer/Automotive Products |
KeyBank Admin Agent |
350 | Term Loan Supports acquisition of Rollon Group |
| 2018/09/11 | Chesapeake Energy Producer/Natural Gas |
MUFG Admin Agent |
3800 | Revolver Co-Syndicates; Wells Fargo, JPMorgan Chase, MUFG |
| 2018/09/11 | Funko Distributor/Pop Culture Products |
PNC, JPMorgan Chase Jt Lead Arrangers |
285 | $235MM Term Loan/$50MM Revolver |
| 2018/09/10 | Cracker Barrel Operator/Restaurant Chain |
BofA Admin Agent |
950 | Revolver Replaces previous revolver |
| 2018/09/10 | Neutral Connect Networks Provider/Wireless Communications Networks |
CIT Group Lead Arranger |
25 | Revolver |
| 2018/09/10 | Wise Recycling Provider/Scrap Metal Recycling |
Siena Lending Group Lender |
13.4 | ABL Revolver |
| 2018/09/11 | Avmont Private Investment Fund |
Woodforest Commercial Banking Lead Arranger |
60 | Revolver Supports future acquisitions |
| 2018/09/05 | Mercury Media Private Investment Fund |
Siena Lending Group Lender |
15 | ABL Revolver Supports working capital needs |
| 2018/09/03 | Aurora Cannabis Provider/Cannabis Products |
BMO Lender |
200 | $150MM Term Loan/$50MM Revolver |
| 2018/09/03 | Fox Rehabilitation Provider/Therapy Services |
White Oak Healthcare Finance Admin Agent |
20 | ABL Revolver Supports refi |
| 2018/09/03 | Triple Five Intercontinental Group Producer/Petroleum & Natural Gas |
Crown Capital Lender |
15 | Term Loan Supports future capital needs |