Deal Charts

ABL Deal Chart 2019 Q1

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 1/01/19 through 3/31/19.

DATEBORROWER/INDUSTRYLENDER/ROLEAMOUNTSTRUCTURE/NOTES
2019/02/0436th Street Capital
Provider/Equipment Financing
Capital One
Lead
25Revolver
Expanded previous facility to $100MM
2019/01/07Aimmune Therapeutics
Manufacturer/Biopharmaceuticals
KKR
Lender
170Term Loan
To fund the commercialization of AR101
2019/01/17Aireon
Designer/Air Traffic Surveillance
Deutsche Bank
Lead
200Credit Facility
To fund company initiatives
2019/01/16Alaska Communications
Provider/IT Services
ING Capital
Jt. Lead Arranger
225$205MM Term Loans/$20MM Revolver
2019/02/19Alexco
Operator/Silver Mine
Sprott Private Resource Lending
Lender
15Credit Facility
To develop Keno Hill Silver project
2019/01/30AliveCor
Designer/Mobiel ECG Devices
Oxford Finance
Lender
20Term Loan
For working capital
2019/01/03Allegiant Healthcare
Provider/Rehab & Specialty Care
Whie Oak Healthcare Finance
Admin Agent, Sole Lender
161Credit Facility
To acquire & provide working capital for nursing facilities
2019/02/08Allegiant Travel
Operator/Airline
Barclays Bank
Admin Agent
450Term Loan
To prepay or purchase existing indebtedness
2019/03/04A-Mark Prcious Metals
Provider/Metals Products
Cooperative Rabobank
Admin Agent, Lead Arranger
260Credit Facility
Jt. Lead Arranger, Syndication Agent: Naitxis
2019/03/28Ameri Holdings
Provider/Tech Solutions
North Mill Capital
Lender
10Revolver
To pay bank lender & provide working capital
2019/02/20American Eagle Outfitters
Opertaor/Clothing Retail
PNC Bank
Admin Agent
400Credit Facility
For general corporate purposes & working capital
2019/02/22Ames Watson
Provider/Principal Investment
PNC Bank
Lender
140Credit Facility
To support acquisition of Lids Sports Group
2019/01/25API Heat Transfer
Manufacturer/Heat Transfer Solutions
Citizens Commercial Banking
Admin Agent, Sole Arranger
60Credit Facility
To refinance existing debt
2019/03/13Atlantic Energy
Provider/Energy
Signature Bank, V3 Commodities
Lenders
25$15MM Revolver/$10MM Term Loan
2019/03/26Ball Corporation
Provider/Sustainable Packaging
Deutsche Bank
Admin Agent
2548Revolver, Term Loan
To refinance existing credit facilities
2019/02/07BioCryst Pharmaceuticals
Manufacturer/Drugs
MidCap Financial Trust
Admin Agent
100Credit Facility
2019/02/04BJ Services
Operator/Pressure Pumping Fleet
Great American Capital
Admin Agent
200Term Loan
To support business initiatives
2019/01/30Borman Specialty Materials
Producer/Specialty Materials
MidCap Business Credit
Lender
14Credit Facility
2019/01/05Brookdale Senior Living
Operator/Senior Livings Facilities
Capital One
Lead Arranger, Bookrunner
250Revolver
To support strategy objectives
2019/01/31C.A. Advanced
Provider/Electrical Contracting
PNC Bank
Admin Agent
50Credit Facility
To refinance existing debt & provide working capital
2019/01/04Calloway Golf
Retailer/Golf Equipment
Bank of America Merrill Lynch
Lead
480Term Loan
Jt Lead: JP Morgan Securities
2019/02/15Cambelt International
Provider/Conveying Equipment
Pacific Mercantile Bank
Lender
9.75Credit Facility
To support growth
2019/01/17Capify
Provider/Small Business Financing
Goldman Sachs Private Capital
Lender
95Credit Facility
To support lending business growth
2019/01/11CDI Computer Dealers
Provider/Tech Solutions
MB Business Capital
Admin Agent, Sole Lender
20Revolver
To refinance senior indebtedness & provide working capital
2019/02/15Cheetah Medical
Provider/Fluid Management Tech
SWK Funding
Lender
20Term Loan
To retire existing debt
2019/01/08Circle 8 Crane Services
Provider/Crane Rentals
CIT Northbridge Credit
Sole Lead Arranger
53.8Credit Facility
To refinance existing facility
2019/01/29Condustrial
Provider/Suplemental Personnel
Access Capital
Lender
3.75$3MM Revolver/$750K Term Loan
2019/02/13Continuing Healthcare Solutions
Provider/Long-Term Care
Oxford Finance
Lender
43.3Term Loan
To purchase & provide working capital for 8 long-term care facilities
2019/03/25Credijusto
Provider/Lending
Goldman Sachs
Lender
100Credit Facility
To expand lending access in Mexico
2019/01/28Cronos Group
Producer/Cannabis
CIBC
Admin Agent
65Term Loan
Lender: Bank of Montreal
2019/02/08Crown Capital Partners
Provider/Financing Solutions
Alberta Treasury Branches
Lender
25Revolver
To support growth
2019/02/27Crystal Financial
Provider/Direct Private Credit
SMART Financial
Lender
80Credit Facility
To refinance existing debt
2019/03/08CSS Industries
Designer/Consumer Products
JPMorgan Chase Bank
Admin Agent
125Credit Facility
Credit Participants: Bank of America, KeyBank
2019/03/12Deleet Merchandising
Manufacturer/Printing Technologies
Siena Lending Group
Lender
20Revolver, Term Loan
To refinance existing debt & provide working capital
2019/01/29Eagle Bulk Ultraco
Provider/Bulk Shipping
Credit Agricole CIB
Lender
208.4$153.4MMTerm Loan/$55MM Revolver
Lenders: ABN AMRO, Skandinaviska Enskilda Banken AB, DNB Bank
2019/02/07EasyPay Finance
Provider/Auto Services Financing
Ares Management
Lender
50Credit Facility
To support continued growth
2019/01/04Ecoark Holdings
Provider/Food Management
Trend Discovery
Lender
10Revolver
To support growth & market development
2019/02/20FarWest Operating
Manufacturer/Metal Fabrication
MB Business Capital
Admin Agent
6.5Credit Facility
To refinance senior indebtedness & provide working capital
2019/02/08GenMark Diagnostics
Provider/Diagnostic Solutions
Solar Capital
Lender
65$50MM Term Loan/$15MM Term Loan
2019/02/11Golub Capital
Provider/Financing Solutions
Morgan Stanley Senior Funding
Admin Agent
200Credit Facility
Collateral Agent: Wells Fargo
2019/02/21Hercules Capital
Provider/Specialty Finance
MUFG Union Bank
Admin Agent
200Credit Facility
Lenders: City National, Umpqua Bank, Hitachi Capital America, Mutual of Omaha Bank
2019/02/25HEXO
Distibutor/Cannabis Products
CIBC
Admin Agent, Lead Arranger
49.5$38.1MM Term Loan/$11.4MM Revolver
Co-Lead Arranger, Syndication Agent: Bank of Montreal
2019/02/21Integrated Equipment
Manufacturer/Oilfield Equipment
Veritas Financial Partners
Lender
9Credit Facility
To pay existing indebtedness & provide working capital
2019/03/06IOU Financial
Provider/Online Lending
Credit Suisse
Lender
50Credit Facility
To support financing
2019/01/17Jam City
Producer/Mobile Games
JPMorgan Chase Bank
Jt. Lead Arranger
145Credit Facility
Jt. Lead Arranger: Bank of America
2019/03/05Jetson Specialty Marketing Services
Manufacturer/Printing
Huntington Business Credit
Lender
8Credit Facility
To refinance existing debt & provide working capital
2019/02/07KOST USA
Manufacturer/Antifreeze
PNC Bank
Admin Agent
28.9Credit Facility
To refinance existing revolver & term loans
2019/01/25KPM Analytics Holdings
Operator/Analytical Instruments
Crystal Financial
Lender
27.5$21MM Term Loan/$3MM Revolver
To refinance existing debt & provide working capital
2019/03/07Lighthouse Finance
Provider/Asset Management
Intergrated Asset Management
Lender
45Term Loan
To finance a marine vessels portfolio
2019/01/16MacStadium
Provider/Mac App Infrustructure
Capital One
Admin Agent, Jt. Lead Arranger
35LoC
To purchase new equipment & fuel growth
2019/01/25Magnuson Products
Manufacturer/Auto Parts
Siena Lending Group
Lender
5.5Revolver
To refinance existing debt & provide working capital
2019/02/01Masonite International
Designer/Residential Doors
Wells Fargo
Admin Agent, Jt. Lead Arranger
250Credit Facility
Jt. Lead Arrangers: Bank of America, RBC Capital Markets, HSBC Bank
2019/03/25MedMen Enterprises
Retailer/Cannabis
Gotham Green Partners
Lender
250Credit Facility
To fund future capital needs
2019/01/28Mobius Imaging
Manufacturer/CT Imaging Products
Runway Growth Capital
Lender
20Term Loan
To support growth
2019/03/07North Atlantic
Distributor/Seafood
North Mill Capital
Lender
7.5Revolver
To pay bank lender & provide working capital
2019/01/04Norwegian Cruise Line
Operator/Cruise Line
JPMorgan Chase Bank
Admin Agent, Collateral Agent
1633Term Loan
Jt Lead Arrangers: JPMorgan Chase, Mizuho Bank
2019/01/02Ocular Therapeutix
Manufacturer/Biopharmaceuticals
Silicon Valley Bank
Lender
25Term Loan
Co-Lender: MidCap Financial
2019/02/08Off-Spec Solutions
Operator/Trucking
MB Business Capital
Admin Agent
11.88Credit Facility
To refinance senior indebtedness & provide working capital
2019/02/07OnDeck
Provider/Online Lending
SunTrust Bank, Silicon Valley Bank
Arranger
85Revolver
Lenders: MB Financial, Congressional Bank
2019/03/15Organogenesis
Manufacutrer/Wound Care Products
Silicon Valley Bank, MidCap Financial
Lenders
100$60MM Term Loan/$40MM Revolver
For general corporate purposes
2019/02/07Orvana
Operator/Gold Mines
BBVA
Lender
6.84Credit Facility
Additional Lenders: BANKIA, SABADELL
2019/02/27Pareteum
Operator/Communications Platform
Post Road Group
Lead
50Credit Facility
For targeyed mergers & acquisitions
2019/02/27PennantPark Investment
Provider/Middle Market Investment
BNP Paribas
Admin Agent
250Revolver
Collateral Agent: Bank of New York Mellon Trust
2019/01/02Phoenix Tower International
Operator/Cell Tower Management
Goldman Sachs
Lender
200Credit Facility
To provide financing for tower infrastructure
2019/02/14Pocono ProFoods
Distributor/Food Service
CIT Northbridge Credit
Lead Arranger
24Credit Facility
To support future growth
2019/01/29PosiGen
Provider/Solar Panels
LibreMax Capital
Lender
90Credit Facility
Lenders: Connecticut Green Bank, Inclusive Prosperity Capital
2019/01/24Premiun Trasportation Services
Provider/Delivery Services
MB Business Capital
Admin Agent, Sole Lender
8.97Credit Facility
To refinance senior indebtedness & provide working capital
2019/01/02Quantum
Provider/Video Storage
PNC Bank, U.S. Bank
Admin Agent, Collateral Agent
210$45MM Revolver/$165MM Term Loan
To repay outstanding debt & provide working capital
2019/01/07QVC
Operator/TV Shopping Network
JPMorgan Chase Bank
Admin Agent
3650Revolver
To repay all outstanding debt of HSN facility
2019/03/05RéVive Skincare
Manufacturer/Skincare Products
Siena Lending Group
Lender
5Revolver
For working capital
2019/03/25Rocky Brands
Designer/Footware
Huntington Business Credit
Lender
75Credit Facility
To refinance existing debt & provide working capital
2019/01/10Science Applications International
Provider/IT Services
Citibank
Admin Agent, Collateral Agent
2118Term Loan
To support acquisition of Engility
2019/03/21SEACOR Holdings
Provider/Marine Trasportation Equipment
JPMorgan Chase Bank
Admin Agent
125Revolver
2019/03/11Sierra Metals
Operator/Mines
Banco de Credito del Peru
Lender
100Credit Facility
for additional liquidity
2019/01/24Sole Technology
Retailer/Footware
North Mill Capital
Lender
5Revolver
For working capital
2019/01/04Sovereign Pharmaceuticals
Manufacturer/Pharmaceuticals
MidCap Business Credit
Lender
8Revolver
To refinance existing debt
2019/01/14Stage Stores
Retailer/Department Stores
Wells Fargo
Admin Agent, Collateral Agent
25Term Loan
Lenders: JPMorgan Chase, Regions Bank, BofA, SunTrust, Pathlight Capital
2019/02/01Sycamore Partners
Provider/Private Equity
Wells Fargo Capital Finance
Admin Agent, Lead Arranger
1300$1.2B Credit Facility/$125MM Term Loan
To support acquisition of Essendant
2019/03/13TAB Products
Provider/Records Management
MidCap Business Credit
Lender
7.5Credit Facility
2019/03/07TTEC Holdings
Designer/IT Solutions
Wells Fargo, Bank of America
Lead Arrangers
900Revolver
Jt. Lead Arrangers: Bank of the West, HSBC Bank, U.S. Bank
2019/02/04USA Truck
Provider/Capacity Solutions
Bank of America
Agent
225Revolver
To finance existing debt
2019/01/03Workhorse Group
Manufacturer/Electric Vans
Marathon Asset Management
Lender
25Revolver
For future draw downs
2019/02/28Wynnechurch Capital
Provider/Middle Market Investment
LBC Credit Partners
Lender
28Credit Facility
To support acquisition of Boss Industries
2019/03/27Yalber
Provider/Specialty Lending
Park Cities Asset Management
Lender
20Credit Facility
To execute growth plan
2019/01/15Zix
Provider/Cybersecurity
Suntrust Bank, KeyBanc
Lenders
200$175MM Term Loan/$25MM Revolver
To support acquisition of AppRiver
2019/02/21Zix
Provider/E-mail Security
SunTrust Bank
Admin Agent
210$185MM Term Loans/$25 Revolver