Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 10/01/18 through 12/31/18.
| DATE | BORROWER/INDUSTRY | LENDER/ROLE | AMOUNT | STRUCTURE/NOTES |
|---|---|---|---|---|
| 2018/11/27 | Alcoa Aluminum Products |
JPMorgan Chase Bank Administrative agent |
1500 | Amended Revolver For payments, investments & indebtedness |
| 2018/10/01 | AMP Capital Global Investments |
Webster Bank Lead Arranger |
210 | Secured Credit Facilities Supports Everstream Solutions acquistion |
| 2018/11/07 | AMS Group Manufacturer & Distributer/Steel-related |
MB Business Capital Lender |
9.68 | Credit Facility Supports refi and adds working capital |
| 2018/11/30 | AmTrust Financial Services Insurance Holding Company |
JPMorgan Chase Admin Agent |
750 | Term Loan/Revolver For working capital |
| 2018/12/11 | AN Global Consulting Firm |
Monroe Capital Admin Agent |
80 | Senior Credit Facility To support purchase of 4th Source |
| 2018/12/28 | ANI Pharmaceuticals Pharmaceutical |
Citizens Bank Admin Agent, Lead Arranger |
265.2 | Revolver/Term Loans Jt. Lead Arrangers: Bank of Tokyo-Mitsubishi UFJ, Huntington National Bank |
| 2018/12/04 | Armada Partners 4PL Provider |
PNC Bank Admin Agent |
200 | Senior Secured Credit Facility To refinance existing debt |
| 2018/11/28 | Atlanticus Holdings Fintech Company |
JPMorgan Chase Lender |
100 | Revolver Expand credit card receivables |
| 2018/10/10 | Basic Energy Services Provider/Energy |
Bank of America Admin Agent |
150 | ABL Facility |
| 2018/11/30 | BGC Partners Fintech Company |
Bank of America Merrill Lynch Lead Arranger |
350 | Revolver For general corporate purposes |
| 2018/11/21 | BioMarin Pharmaceutical Biotechnology company |
Bank of America Admin Agent, Swingline Lender |
200 | Revolver L/C Issuer: Citibank. To finance ongoing working capital |
| 2018/11/15 | BM Eagle Holdings Fund to acquire healthcare assets |
White Oak Healthcare Finance Admin Agent |
190 | Credit Facility Used to acquire 17 skilled nursing facilities |
| 2018/12/11 | Bonanza Creek Energy Oil and Gas Company |
J.P. Morgan Admin Agent |
750 | Reserve-Based Credit Facility |
| 2018/11/14 | BrainStorm Provider/Software Platform |
Square 1 Bank Lender |
5 | Credit Facility |
| 2018/11/21 | Cardtronics ATM Manufacturer |
JPMorgan Chase Bank Admin Agent |
600 | Revolver Co-Syndication Agents: Bank of America, Barclays Bank, Wells Fargo Bank. To fund redemption of 2022 Notes |
| 2018/12/27 | Cascades Markets Packaging & Tissue Products |
CoBank Underwriter |
175 | Term Loan Co-Underwriter: American AgCredit |
| 2018/11/15 | Celestica Manufacturer/Supply Chain Solutions |
Bank of America Admin Agent |
250 | Term Loan Jt Lead Arrangers: Merrill Lynch, Citigroup Global Markets, CIBC World Markets, MUFG Bank, RBC Capital Markets, The Bank of Nova Scotia and J.P. Morgan Securities |
| 2018/11/14 | Chelten House Products Manufacturer/Salad Dressings & Sauces |
Citizens Bank Commercial Banking Admin Agent |
41.2 | Credit Facility For working capital and future CAPEX initiatives |
| 2018/12/18 | Cheniere Energy LNG energy Company |
Société Générale Admin Agent |
1250 | Amended Revolver Coordinating Lead Arrangers: Goldman Sachs, Morgan Stanley Senior Funding, SG Americas Securities |
| 2018/11/02 | Churchill Downs Operator/Gaming Industries |
Wells Fargo Bank Admin Agent |
650 | Revolver |
| 2018/11/05 | ClearStream Energy Services Provider/Energy & Industrial Solutions |
Bank of Montreal Admin Agent |
7.6 | Term Loan |
| 2018/11/06 | Comtech Telecommunications Provider/Communication Solutions |
Citibank Admin Agent |
550 | Revolver |
| 2018/12/05 | Corcentric Finance Solutions |
Bank of America Lender |
150 | Revolver Co-Lender: JPMorgan Chase |
| 2018/12/05 | Corcentric Finance Solutions |
TCW Asset Management Lender |
50 | Term Loan To support future growth |
| 2018/12/13 | Covis Pharma Specialty Pharmaceutical Company |
Capital One Admin Agent |
350 | Revolver/Term Loan To acquire the worldwide rights for medicines Alvesco, Omnaris and Zetonna |
| 2018/10/30 | Critical Control Energy Services Alternative Investment Fund Management |
Invico Capital Lender |
7 | Term Loan |
| 2018/12/19 | Dedoes Industries Automotive Refinsh Equipment |
MB Business Capital Admin Agent, Lender |
13.085 | Senior Credit Facility To refinance senior indebtedness & provide working capital |
| 2018/10/26 | Digital Realty Provider/Global data center |
Citibank/JPMorgan/Others Joint Lead Arrangers |
330000 | Revolver |
| 2018/12/14 | DowDuPont Chemical Company |
JPMorgan Chase Bank Admin Agent |
12000 | Revolvers/Term Loan To support Corteva spin-off |
| 2018/11/27 | Ducommun Electronic & Structural Systems Manufacturer |
Bank of America Administrative Agent |
340 | Revolving Line of Credit/Term Loan To repay outstanding loans & unpaid interest |
| 2018/11/12 | Ecopetrol Oil company |
The Bank of Nova Scotia, Mizuho Bank Lenders |
665 | Credit Facility |
| 2018/11/15 | Egide USA Provider/Packages for sensitive electronic components |
Pacific Mercantile Bank Lender |
5 | Revolver/Term Loan |
| 2018/11/14 | Electronics For Imaging Provider/Printing & Signage Services |
Citibank Arranger |
150 | Revolver |
| 2018/12/12 | Energy Focus LED Lighting Manufacturer |
Austin Financial Services Lender |
5 | Revolver |
| 2018/11/06 | EnviroStar Distributor/Laundry & Dry cleaning Equipment |
Bank of America/US Bank/Fifth Third Joint Lead Arrangers |
100 | Revolver |
| 2018/12/18 | Ero Copper Copper Production |
Bank of Nova Scotia Admin Agent |
130 | Credit Facilities Joint Lead Arranger: Bank of Montreal |
| 2018/12/27 | Ethan Allen Home Furnishings Retailer |
JPMorgan Chase Bank Admin Agent |
165 | Revolving Line of Credit Documentation Agent: Capital One |
| 2018/11/29 | EVERTEC Transaction Processing |
Bank of America Admin Agent |
670 | Revolver/Term Loans To repay existing term debt |
| 2018/11/27 | Fallas Stores Discount Retailer |
Second Avenue Capital Partners Lender |
20 | ABL Credit Facility For purchase of 85 stores |
| 2018/11/16 | FHE USA Manufacturer/Equipment |
PNC Bank Admin Agent |
25 | Credit Facility Supports refi and CAPEX |
| 2018/11/20 | Forbes Energy Services Oilfield Services contractor |
Regions Bank Lender |
35 | ABL Facility Support acquisition |
| 2018/10/30 | Four Springs Capital Trust Real Estate Investments |
Citizens/Huntington/Peapack-Gladstone/Two River Community Banks Lenders |
75 | Revolver |
| 2018/12/13 | Future Family Fertility Support & Subscription Service |
Atalaya Capital Management Lender |
100 | Credit Facility To fund subsciber platform |
| 2018/11/08 | Gen III Oil Provider/Oil Refinery Services |
Export Development Canada Lender |
55 | Term Loan Supports Bowden Project |
| 2018/11/16 | Goodfood Market Provider/Home Meal Solutions |
Desjardins Capital Markets Lender |
13.5 | $11MM Term Loan/$2.5MM Revolver Used to fund expansion CAPEX |
| 2018/11/08 | Goodnight Midstream Provider/Oilfield Water Infrastructure |
ABN AMRO Admin Agent |
100 | Revolver Upsized revolver to $420MM |
| 2018/11/06 | GP Strategies Efficency Training |
PNC Bank Admin Agent |
200 | Credit Facility Joint Lead Arrangers: PNC Capital Markets, Wells Fargo Securities |
| 2018/12/06 | GP Strategies Efficency Training |
PNC Bank Admin Agent |
200 | Credit Facility Joint Lead Arrangers: PNC Capital Markets, Wells Fargo Securities |
| 2018/10/12 | GridLiance High Plains Transmission Lines/Substations |
KeyBank Lender |
65 | Revolver |
| 2018/12/18 | Hannon Armstrong Capital Capital Provider |
Bank of America Admin Agent |
450 | Term Loans To repay borrowings from previous facility |
| 2018/11/30 | Hasbro Toy Company |
Bank of America Admin Agent |
1100 | Amended Revolver Joint Lead Arrangers: Merrill Lynch, Citibank, Citizens Bank, JPMorgan Chase |
| 2018/12/04 | Hawkins Chemical Manufacturer |
U.S. Bank Admin Agent |
150 | Restated Revolver To replace previous term loan and revolver |
| 2018/12/18 | Heritage Insurance Property & Casualty Insurance |
Regions Bank Admin Agent |
125 | Revolver/Term Loan To redeem outstanding senior secured notes |
| 2018/10/15 | Honeywell International Software-Industrial Company |
JPMorgan Admin Agent |
160000 | First Lien Revolver To Complete spin-off of Garrett Motion, Honeywell's former Transportation Systems Business |
| 2018/10/30 | Imperial Frozen Foods Frozen fruits and Vegetable supplier |
Ares Commercial Finance Lender |
20 | Revolver |
| 2018/11/16 | Innovex Downhole Solutions Provider/Downhold Products & Tech for Oil & Gas Industry |
PNC Bank Admin Agent |
84 | Credit Facility Supports refi and CAPEX |
| 2018/10/23 | Jonathan Adler Global Luxury Designer Housewares |
Rosenthal & Rosenthal/Gordon Brothers Lenders |
16 | Asset Based Loan |
| 2018/11/30 | Karius Life Sciences |
Oxford Finance Lender |
25 | Term Loan To expand prouct reach |
| 2018/12/18 | Lacks Valley Stores Furniture & Homes Goods Store |
Crystal Financial Admin Agent |
55 | Revolver/Term Loan To refinance existing debt, extend maturities & provide working capital |
| 2018/11/08 | Landmark Infrastructure Partners Provider/Assets to Wireless Services |
SunTrust Bank Admin Agent |
450 | Revolver Replaced exisiting revolver |
| 2018/11/30 | Laredo Energy Natural Gas Exploration |
Riverstone Credit Partners Lead Arranger |
200 | Term Loan To pay down previous revolver |
| 2018/10/11 | Lilis Energy Oil and Gas Exploration/Production |
BMO Harris Lead Arranger |
500 | Revolving |
| 2018/12/03 | Limetree Bay Ventures Refinery Equipment |
Westbourne Capital Lender |
700 | Term Loan For re-starting refinery in St. Croix |
| 2018/12/17 | Luby's Restaurant Franchise |
MSD Partners Lender |
80 | Revolver/Term Loans To repay previous credit agreement & for working capital |
| 2018/10/22 | Mammoth Energy Services Energy Services |
PNC Capital Markets Lender |
185 | Revolver |
| 2018/11/27 | MD America Energy Oil Exploration & Producation Company |
MC Credit Partners Administrative agent |
200 | First Lien Credit Facility Expand operations |
| 2018/11/01 | MicroVest Capital Management Asset Management Firm |
MetLife Investment Management Lender |
20 | 5-Year Revolver |
| 2018/12/03 | Mitel Networks Business Communications |
Credit Suisse Admin Agent |
1480 | Revolver/Term Loans |
| 2018/12/21 | Nabriva Therapeutics Biopharmaceutical R&D |
Hercules Capital Lender |
75 | Term Loan For growth capital |
| 2018/10/16 | NanoString Technologies Healthcare Focused Investments |
CR Group (CRG) Lender |
100 | Term Loan with principal aggregate of $60MM |
| 2018/11/02 | Natgasoline Methanol Production Company |
JPMorgan/Goldman Sachs Joint Lead Arrangers |
565 | Term Loan |
| 2018/11/16 | National Vision Retailer/Eyewear |
Goldman Sachs Admin Agent |
200 | Term Loan Jt Lead Arrangers: KKR Capital Markets, Citigroup Global Markets, Goldman Sachs Bank, Merrill Lynch, Barclays Bank, Wells Fargo Securities, Morgan Stanley Senior Funding, Mizuho Bank, UBS Securities, Macquarie Capital and Jefferies Finance |
| 2018/12/19 | NEJ Logistics Solutions |
MidCap Business Credit Lender |
4 | Revolving Line of Credit To support growth & provide working capital |
| 2018/10/08 | New Age Beverages Organic/Natural beverage company |
Siena Lending Group Lender |
12 | Revolver |
| 2018/12/27 | New Jersey Resources Energy Services |
PNC Bank Lender |
100 | Revolver For working capital |
| 2018/12/20 | New York Power Authority Utilities Company |
JPMorgan Chase Bank Lead |
600 | Revolver To support issuance of commercial paper notes |
| 2018/11/30 | Newmark Group Real Estate Services |
Bank of America Merrill Lynch Lead Arranger |
250 | Revolver For general corporate purposes |
| 2018/11/13 | Newtek Business Services Provider/Business Development |
Webster Bank Arranger |
50 | $35MM Term Loan/$15MM Revolver Replaces previous Goldman Sachs term loan |
| 2018/10/26 | NFI Group Bus and Motor Coach Manaufacturing |
Bank of Nova Scotia Admin Agent |
100000 | 5 year term loan |
| 2018/11/26 | North American Construction Group Construction and mining services |
National Bank Financial Lender |
300 | Revolver Support strategic prorities |
| 2018/12/19 | North American Palladium Palladium Production |
Bank of Montreal Admin Agent |
125 | Revolver To repay a term & for general coporate purposes |
| 2018/10/01 | North Star Leasing Equipment Financing |
People's United Bank Lead Arranger |
60 | Expandable senior revolving credit facility |
| 2018/10/08 | Northern Oil and Gas Oil Exploration and Production |
Royal Bank of Canada Admin Agent |
750 | First lien rovolver |
| 2018/11/13 | Nova Wildcat Amerock Supplier/Hardware for Kitchens & Bathrooms |
Monroe Capital Admin Agent |
56 | Credit Facility Supports recap |
| 2018/11/12 | Novelion Therapeutics Biopharmaceutical company |
Athyrium Capital Management, Highbridge Capital Management Lenders |
72.5 | Term Loan |
| 2018/10/31 | Orion Energy Systems Lighting and energy project solutions |
Alliance Bank Lender |
20.15 | Revolver |
| 2018/12/27 | Overseas Shipholding Group Tanker Company |
Prudential Lender |
325 | Term Loan To replace an existing term loan |
| 2018/11/26 | Pacific Basin Shipping Dry Bulk Shipping |
Danish Ship Finance Lender |
40 | Term Loan Extension of existing term loan |
| 2018/11/12 | PennantPark Floating Rate Capital Provider/Middle Market Direct Lending |
SunTrust Lender |
520 | Credit Facility Facility upsized by $115MM |
| 2018/10/29 | Permira Funds Video Software solutions |
Vector Capital Lender |
100 | Second Lien Term Loan |
| 2018/12/06 | Personiv Outsourcing |
CrowdOut Capital Lender |
30 | Credit Facility To provide liquidity |
| 2018/11/07 | PFSweb Provider/Commerce Services |
Regions Bank Admin Agent |
60 | Revolver Up to $80MM w/ accordion; Synicate included: BofA & PNC |
| 2018/10/31 | Pipestone Oil Provider/Energy |
National Bank Financial Lead Arranger |
198.5 | $10MM Revolver/$20MM LoC/$198.5MM Term Loan |
| 2018/10/17 | Pope Resources Master Limited Partnership |
Northwest Farm Credit Services Lender |
144 | $30MM Revolver/$40MM Delayed Draw Facility/$74.2MM Term Loan Up to $194MM w/ accordion |
| 2018/10/05 | Pretium Resources Gold Producer |
Bank of Nova Scotia Lender |
480 | $250 secured non-revolving/$230 revolving for refinancing the existing construction credit facility, approximately $423 million due on December 31, 2018 |
| 2018/12/12 | PumpMan Holdings Pump Services and Repair |
Tree Line Capital Partners Lender |
26 | First Lien Credit Facility To support future platform acquisitions and growth initiatives |
| 2018/11/15 | Punch Bowl Social. Restaurant Group |
CrowdOut Capital Lending Syndication Platform |
20 | Term Loan Used to open new locations in U.S. |
| 2018/11/20 | R. R. Donnelley & Sons Communicatios & Marketing Services |
Bank of America Admin Agent |
500 | Term Loan Co-Syndication Agents: JPMorgan Chase, PNC Capital Markets, Wells Fargo Securities. For debt repayment |
| 2018/12/21 | Rite Aid Drug Store |
Bank of America Admin Agent |
3150 | Revolver/Term Loan To refinance previous ABL revolver |
| 2018/11/06 | Ross Technology Metal Fabrication |
MB Business Capital Admin Agent |
10 | Senior Credit Facility To refinance indebtedness and fund working capital |
| 2018/12/06 | Ross Technology Metal Fabrication |
MB Business Capital Admin Agent |
10 | Senior Credit Facility To refinance indebtedness and fund working capital |
| 2018/12/04 | Rotam North America Distribution |
MidCap Business Credit Lender |
6 | ABL Credit Facility |
| 2018/12/26 | Rubius Therapeutics Biotechnology Company |
Solar Capital Partners Lender |
75 | Term Loan To advance pipeline of Red Cell Therapeutics & for general corporate purposes |
| 2018/10/08 | Ryder Systems Fleet Management |
Multiple Banks Administrative agents |
140000 | 5 year global revolving |
| 2018/10/31 | Salt Creek Midstream Portfolio company |
Deutsche Bank Lender |
650 | Term Loan |
| 2018/10/01 | SEACOR Marine Holdings Marine Transportation/support |
DNB Bank Lender |
130 | 5 year term loan |
| 2018/10/02 | ShotSpotter Provider/Gunfire Detection |
Umpqua Bank Lender |
10 | Revolver Facility supports working capital and equipment acquisition |
| 2018/11/08 | Sorrento Therapeutics Immunotherapy biotech company |
Oaktree Capital Management Lender |
150 | Term Loan Funds clinical programs in CAR-T and non-opioid pain management |
| 2018/10/15 | Spectrum Global Solutions Telecommunications |
Heritage Bank of Commerce Lender |
5 | Revolver |
| 2018/12/12 | Speed Leasing Pre-Owned Motorcycle Leasing |
Comvest Credit Partners Admin Agent |
60 | Senior Credit Facility |
| 2018/12/20 | Sterling Consolidated Hydraulic & Pneumatic Seal Supplier |
Access Capital Lender |
2.5 | ABL Line of Credit |
| 2018/12/04 | Stone Point Capital Private Equity Firm |
Churchill Asset Management Lead Arranger |
185 | Senior Secured Credit Facility To support acquisition of Eliassen Group |
| 2018/11/13 | SuperCom Provider/Secure Solutions |
Fortress Investment Lender |
20 | Credit Facility Supports working capital and growth of business operations |
| 2018/10/12 | SurveyMonkey |
JPMorgan Chase Bank Admin Agent |
229 | $220MM Term and $75MM Revolving |
| 2018/11/16 | Synagro Provider/Residuals Management Solutions |
AMP Capital Lender |
190 | Term Loan Supports refi |
| 2018/12/27 | Synalloy Chemical Manufacturer |
BB&T Lender |
20 | Term Loan To refinance ABL revolver |
| 2018/12/07 | SynergEyes Contact Lens Company |
Pacific Mercantile Bank Lender |
4 | Revolver/Term Loan To pursue growth opportunities |
| 2018/11/07 | TBL Group Provider/Transportation Services |
Ares Commercial Finance Lender |
20 | Revolver Supports refi and funds future growth |
| 2018/12/14 | Teligent Specialty Generic Pharmaceuticals |
ACF Finco I Admin Agent |
25 | Revolver To redeem or repurchase 3.75% senior notes & for working capital |
| 2018/12/14 | Teligent Specialty Generic Pharmaceuticals |
Ares Capital Admin Agent |
95 | Term Loans To redeem or repurchase notes & refinance part of existing term loan |
| 2018/10/02 | Tenneco Manufacturer/Clean Air Products |
JPMorgan Chase Admin Agent |
4900 | $3.4B Term Loan/$1.5B Revolver Supports acquisition of Federal-Mogul |
| 2018/12/20 | TrailStone Group Commodities Trader |
BNP Paribas Lead Arranger |
330 | Revolver To refinance existing revolver & provide working capital |
| 2018/11/21 | Trakopolis SaaS Company |
ESW Holdings Lender |
3 | Term Loan Pay existing indebtedness to Silicon Valley Bank |
| 2018/12/07 | Trican Well Service Oil and Gas Equipment Services |
Bank of Nova Scotia Admin Agent |
275 | Upsized Revolver |
| 2018/12/05 | Triton International Freight Container Lessor |
PNC Bank Lead Arranger |
1000 | Term Loan Joint Lead Arrangers: ING Belgium, MUFG Bank |
| 2018/10/01 | United Rentals |
Bank of America Merrill Lynch Agent |
100000 | $1B senior secured term loan B credit facility |
| 2018/11/29 | Universal Logistics Holdings Customized Transportation & Logistics Solutions |
KeyBank Admin Agent, Issuing Lender |
350 | Syndicated Credit Facility For acquisitions, debt structure streamlining, borrowing cost reduction |
| 2018/10/11 | Unknown Transportation Co Transportation |
TAB Bank Lender |
1 | Revolver |
| 2018/11/29 | uSell.com Second-hand Cell Phones Retailer |
Siena Lending Group Lender |
6 | Revolver To refinance debt & support growth |
| 2018/12/20 | Veran Medical Technologies Medical Devices |
Madryn Asset Management Lender |
35 | Credit Facility |
| 2018/11/27 | Vezer Family Trust Family Trust |
Business Capital Lender |
6 | Term Loan |
| 2018/11/08 | Vicon Industries Manufacturer/Security Systems |
NIL Funding Lender |
5.6 | Term Loan Replaced existing revolver |
| 2018/11/29 | VIQ Solutions Tehcnology Company |
Crown Capital Partners Lender |
15 | Term Loan |
| 2018/11/21 | Vista Outdoor Sports equipment manufacturer |
Wells Fargo Bank Admin Agent |
599.3 | Revolver/Term Loan/Junior Term Loan Admin agent on Jr. Term Loan: GACP Finance. To pay off existing loans general corporate purposes |
| 2018/12/28 | Wabash Industrial Manufacturer |
Wells Fargo Capital Finance Admin Agent, Lead Arranger |
175 | Revolver Syndication Agent, Jt. Lead Arranger: Citizens Business Capital |
| 2018/12/13 | Waitr Online Ordering & Food Delivery |
Luxor Capital Group Lender |
42.1 | Term Loans To partially finance Bite Squad acquisition |
| 2018/12/26 | Waterbridge Resources Water Infrastructure |
SunTrust Robinson Humphrey Lead Lender |
600 | Term Loan To repay outdebtedness & acquire water assets |
| 2018/10/12 | Williams Industrial Services Group Global Power Equipment |
MidCap Financial Services Admin Agent |
15 | Revolver |
| 2018/12/26 | Worldline Payment & Transactional Services |
ING Bank Lead Arranger |
683 | Revolver Jt. Lead Arrangers: J.P. Morgan Securities, Barclays, BNP Paribas, MUFG, Others |
| 2018/11/27 | Zenflow Medical Devices |
Square 1 Bank Lender |
5 | Credit Facility For short-term & long-term growth initiatives |