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.

DATE BORROWER/INDUSTRY LENDER/ROLE AMOUNT STRUCTURE/NOTES
2019/02/04 36th Street Capital
Provider/Equipment Financing
Capital One
Lead
25 Revolver
Expanded previous facility to $100MM
2019/01/07 Aimmune Therapeutics
Manufacturer/Biopharmaceuticals
KKR
Lender
170 Term Loan
To fund the commercialization of AR101
2019/01/17 Aireon
Designer/Air Traffic Surveillance
Deutsche Bank
Lead
200 Credit Facility
To fund company initiatives
2019/01/16 Alaska Communications
Provider/IT Services
ING Capital
Jt. Lead Arranger
225 $205MM Term Loans/$20MM Revolver
2019/01/30 AliveCor
Designer/Mobiel ECG Devices
Oxford Finance
Lender
20 Term Loan
For working capital
2019/01/03 Allegiant Healthcare
Provider/Rehab & Specialty Care
Whie Oak Healthcare Finance
Admin Agent, Sole Lender
161 Credit Facility
To acquire & provide working capital for nursing facilities
2019/01/25 API Heat Transfer
Manufacturer/Heat Transfer Solutions
Citizens Commercial Banking
Admin Agent, Sole Arranger
60 Credit Facility
To refinance existing debt
2019/02/04 BJ Services
Operator/Pressure Pumping Fleet
Great American Capital
Admin Agent
200 Term Loan
To support business initiativs
2019/01/30 Borman Specialty Materials
Producer/Specialty Materials
MidCap Business Credit
Lender
14 Credit Facility
2019/01/05 Brookdale Senior Living
Operator/Senior Livings Facilities
Capital One
Lead Arranger, Bookrunner
250 Revolver
To support strategy objectives
2019/01/31 C.A. Advanced
Provider/Electrical Contracting
PNC Bank
Admin Agent
50 Credit Facility
To refinance existing debt & provide working capital
2019/01/04 Calloway Golf
Retailer/Golf Equipment
Bank of America Merrill Lynch
Lead
480 Term Loan
Jt Lead: JP Morgan Securities
2019/01/17 Capify
Provider/Small Business Financing
Goldman Sachs Private Capital
Lender
95 Credit Facility
To support lending business growth
2019/01/11 CDI Computer Dealers
Provider/Tech Solutions
MB Business Capital
Admin Agent, Sole Lender
20 Revolver
To refinance senior indebtedness & provide working capital
2019/01/08 Circle 8 Crane Services
Provider/Crane Rentals
CIT Northbridge Credit
Sole Lead Arranger
53.8 Credit Facility
To refinance existing facility
2019/01/29 Condustrial
Provider/Suplemental Personnel
Access Capital
Lender
3.75 $3MM Revolver/$750K Term Loan
2019/01/28 Cronos Group
Producer/Cannabis
CIBC
Admin Agent
65 Term Loan
Lender: Bank of Montreal
2019/01/29 Eagle 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
2019/01/04 Ecoark Holdings
Provider/Food Management
Trend Discovery
Lender
10 Revolver
To support growth & market development
2019/01/17 Jam City
Producer/Mobile Games
JPMorgan Chase Bank
Jt. Lead Arranger
145 Credit Facility
Jt. Lead Arranger: Bank of America
2019/01/25 KPM Analytics Holdings
Operator/Analytical Instruments
Crystal Financial
Lender
27.5 $21MM Term Loan/$3MM Revolver
To refinance existing debt & provide working capital
2019/01/16 MacStadium
Provider/Mac App Infrustructure
Capital One
Admin Agent, Jt. Lead Arranger
35 LoC
To purchase new equipment & fuel growth
2019/01/25 Magnuson Products
Manufacturer/Auto Parts
Siena Lending Group
Lender
5.5 Revolver
To refinance existing debt & provide working capital
2019/02/01 Masonite International
Designer/Residential Doors
Wells Fargo
Admin Agent, Jt. Lead Arranger
250 Credit Facility
Jt. Lead Arrangers: Bank of America, RBC Capital Markets, HSBC Bank
2019/01/28 Mobius Imaging
Manufacturer/CT Imaging Products
Runway Growth Capital
Lender
20 Term Loan
To support growth
2019/01/04 Norwegian Cruise Line
Operator/Cruise Line
JPMorgan Chase Bank
Admin Agent, Collateral Agent
1633 Term Loan
Jt Lead Arrangers: JPMorgan Chase, Mizuho Bank
2019/01/02 Ocular Therapeutix
Manufacturer/Biopharmaceuticals
Silicon Valley Bank
Lender
25 Term Loan
Co-Lender: MidCap Financial
2019/01/02 Phoenix Tower International
Operator/Cell Tower Management
Goldman Sachs
Lender
200 Credit Facility
To provide financing for tower infrastructure
2019/01/29 PosiGen
Provider/Solar Panels
LibreMax Capital
Lender
90 Credit Facility
Lenders: Connecticut Green Bank, Inclusive Prosperity Capital
2019/01/24 Premiun Trasportation Services
Provider/Delivery Services
MB Business Capital
Admin Agent, Sole Lender
8.97 Credit Facility
To refinance senior indebtedness & provide working capital
2019/01/02 Quantum
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
2019/01/07 QVC
Operator/TV Shopping Network
JPMorgan Chase Bank
Admin Agent
3650 Revolver
To repay all outstanding debt of HSN facility
2019/01/10 Science Applications International
Provider/IT Services
Citibank
Admin Agent, Collateral Agent
2118 Term Loan
To support acquisition of Engility
2019/01/24 Sole Technology
Retailer/Footware
North Mill Capital
Lender
5 Revolver
For working capital
2019/01/04 Sovereign Pharmaceuticals
Manufacturer/Pharmaceuticals
MidCap Business Credit
Lender
8 Revolver
To refinance existing debt
2019/01/14 Stage Stores
Retailer/Department Stores
Wells Fargo
Admin Agent, Collateral Agent
25 Term Loan
Lenders: JPMorgan Chase, Regions Bank, BofA, SunTrust, Pathlight Capital
2019/02/01 Sycamore 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
2019/02/04 USA Truck
Provider/Capacity Solutions
Bank of America
Agent
225 Revolver
To finance existing debt
2019/01/03 Workhorse Group
Manufacturer/Electric Vans
Marathon Asset Management
Lender
25 Revolver
For future draw downs
2019/01/15 Zix
Provider/Cybersecurity
Suntrust Bank, KeyBanc
Lenders
200 $175MM Term Loan/$25MM Revolver
To support acquisition of AppRiver