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
2019/02/19 Alexco
Operator/Silver Mine
Sprott Private Resource Lending
Lender
15 Credit Facility
To develop Keno Hill Silver project
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
2019/02/08 Allegiant Travel
Operator/Airline
Barclays Bank
Admin Agent
450 Term Loan
To prepay or purchase existing indebtedness
2019/03/04 A-Mark Prcious Metals
Provider/Metals Products
Cooperative Rabobank
Admin Agent, Lead Arranger
260 Credit Facility
Jt. Lead Arranger, Syndication Agent: Naitxis
2019/02/20 American Eagle Outfitters
Opertaor/Clothing Retail
PNC Bank
Admin Agent
400 Credit Facility
For general corporate purposes & working capital
2019/02/22 Ames Watson
Provider/Principal Investment
PNC Bank
Lender
140 Credit Facility
To support acquisition of Lids Sports Group
2019/01/25 API Heat Transfer
Manufacturer/Heat Transfer Solutions
Citizens Commercial Banking
Admin Agent, Sole Arranger
60 Credit Facility
To refinance existing debt
2019/03/13 Atlantic Energy
Provider/Energy
Signature Bank, V3 Commodities
Lenders
25 $15MM Revolver/$10MM Term Loan
2019/03/26 Ball Corporation
Provider/Sustainable Packaging
Deutsche Bank
Admin Agent
2548 Revolver, Term Loan
To refinance existing credit facilities
2019/02/07 BioCryst Pharmaceuticals
Manufacturer/Drugs
MidCap Financial Trust
Admin Agent
100 Credit Facility
2019/02/04 BJ Services
Operator/Pressure Pumping Fleet
Great American Capital
Admin Agent
200 Term Loan
To support business initiatives
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
2019/02/15 Cambelt International
Provider/Conveying Equipment
Pacific Mercantile Bank
Lender
9.75 Credit Facility
To support growth
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
2019/02/15 Cheetah Medical
Provider/Fluid Management Tech
SWK Funding
Lender
20 Term Loan
To retire existing debt
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
2019/02/13 Continuing Healthcare Solutions
Provider/Long-Term Care
Oxford Finance
Lender
43.3 Term Loan
To purchase & provide working capital for 8 long-term care facilities
2019/03/25 Credijusto
Provider/Lending
Goldman Sachs
Lender
100 Credit Facility
To expand lending access in Mexico
2019/01/28 Cronos Group
Producer/Cannabis
CIBC
Admin Agent
65 Term Loan
Lender: Bank of Montreal
2019/02/08 Crown Capital Partners
Provider/Financing Solutions
Alberta Treasury Branches
Lender
25 Revolver
To support growth
2019/02/27 Crystal Financial
Provider/Direct Private Credit
SMART Financial
Lender
80 Credit Facility
To refinance existing debt
2019/03/08 CSS Industries
Designer/Consumer Products
JPMorgan Chase Bank
Admin Agent
125 Credit Facility
Credit Participants: Bank of America, KeyBank
2019/03/12 Deleet Merchandising
Manufacturer/Printing Technologies
Siena Lending Group
Lender
20 Revolver, Term Loan
To refinance existing debt & provide working capital
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
2019/02/07 EasyPay Finance
Provider/Auto Services Financing
Ares Management
Lender
50 Credit Facility
To support continued growth
2019/01/04 Ecoark Holdings
Provider/Food Management
Trend Discovery
Lender
10 Revolver
To support growth & market development
2019/02/20 FarWest Operating
Manufacturer/Metal Fabrication
MB Business Capital
Admin Agent
6.5 Credit Facility
To refinance senior indebtedness & provide working capital
2019/02/08 GenMark Diagnostics
Provider/Diagnostic Solutions
Solar Capital
Lender
65 $50MM Term Loan/$15MM Term Loan
2019/02/11 Golub Capital
Provider/Financing Solutions
Morgan Stanley Senior Funding
Admin Agent
200 Credit Facility
Collateral Agent: Wells Fargo
2019/02/21 Hercules Capital
Provider/Specialty Finance
MUFG Union Bank
Admin Agent
200 Credit Facility
Lenders: City National, Umpqua Bank, Hitachi Capital America, Mutual of Omaha Bank
2019/02/25 HEXO
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
2019/02/21 Integrated Equipment
Manufacturer/Oilfield Equipment
Veritas Financial Partners
Lender
9 Credit Facility
To pay existing indebtedness & provide working capital
2019/03/06 IOU Financial
Provider/Online Lending
Credit Suisse
Lender
50 Credit Facility
To support financing
2019/01/17 Jam City
Producer/Mobile Games
JPMorgan Chase Bank
Jt. Lead Arranger
145 Credit Facility
Jt. Lead Arranger: Bank of America
2019/03/05 Jetson Specialty Marketing Services
Manufacturer/Printing
Huntington Business Credit
Lender
8 Credit Facility
To refinance existing debt & provide working capital
2019/02/07 KOST USA
Manufacturer/Antifreeze
PNC Bank
Admin Agent
28.9 Credit Facility
To refinance existing revolver & term loans
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
2019/03/07 Lighthouse Finance
Provider/Asset Management
Intergrated Asset Management
Lender
45 Term Loan
To finance a marine vessels portfolio
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
2019/03/25 MedMen Enterprises
Retailer/Cannabis
Gotham Green Partners
Lender
250 Credit Facility
To fund future capital needs
2019/01/28 Mobius Imaging
Manufacturer/CT Imaging Products
Runway Growth Capital
Lender
20 Term Loan
To support growth
2019/03/07 North Atlantic
Distributor/Seafood
North Mill Capital
Lender
7.5 Revolver
To pay bank lender & provide working capital
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
2019/02/08 Off-Spec Solutions
Operator/Trucking
MB Business Capital
Admin Agent
11.88 Credit Facility
To refinance senior indebtedness & provide working capital
2019/02/07 OnDeck
Provider/Online Lending
SunTrust Bank, Silicon Valley Bank
Arranger
85 Revolver
Lenders: MB Financial, Congressional Bank
2019/03/15 Organogenesis
Manufacutrer/Wound Care Products
Silicon Valley Bank, MidCap Financial
Lenders
100 $60MM Term Loan/$40MM Revolver
For general corporate purposes
2019/02/07 Orvana
Operator/Gold Mines
BBVA
Lender
6.84 Credit Facility
Additional Lenders: BANKIA, SABADELL
2019/02/27 Pareteum
Operator/Communications Platform
Post Road Group
Lead
50 Credit Facility
For targeyed mergers & acquisitions
2019/02/27 PennantPark Investment
Provider/Middle Market Investment
BNP Paribas
Admin Agent
250 Revolver
Collateral Agent: Bank of New York Mellon Trust
2019/01/02 Phoenix Tower International
Operator/Cell Tower Management
Goldman Sachs
Lender
200 Credit Facility
To provide financing for tower infrastructure
2019/02/14 Pocono ProFoods
Distributor/Food Service
CIT Northbridge Credit
Lead Arranger
24 Credit Facility
To support future growth
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
2019/03/05 RéVive Skincare
Manufacturer/Skincare Products
Siena Lending Group
Lender
5 Revolver
For working capital
2019/03/25 Rocky Brands
Designer/Footware
Huntington Business Credit
Lender
75 Credit Facility
To refinance existing debt & provide working capital
2019/01/10 Science Applications International
Provider/IT Services
Citibank
Admin Agent, Collateral Agent
2118 Term Loan
To support acquisition of Engility
2019/03/21 SEACOR Holdings
Provider/Marine Trasportation Equipment
JPMorgan Chase Bank
Admin Agent
125 Revolver
2019/03/11 Sierra Metals
Operator/Mines
Banco de Credito del Peru
Lender
100 Credit Facility
for additional liquidity
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
2019/03/13 TAB Products
Provider/Records Management
MidCap Business Credit
Lender
7.5 Credit Facility
2019/03/07 TTEC Holdings
Designer/IT Solutions
Wells Fargo, Bank of America
Lead Arrangers
900 Revolver
Jt. Lead Arrangers: Bank of the West, HSBC Bank, U.S. Bank
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
2019/02/28 Wynnechurch Capital
Provider/Middle Market Investment
LBC Credit Partners
Lender
28 Credit Facility
To support acquisition of Boss Industries
2019/03/27 Yalber
Provider/Specialty Lending
Park Cities Asset Management
Lender
20 Credit Facility
To execute growth plan
2019/01/15 Zix
Provider/Cybersecurity
Suntrust Bank, KeyBanc
Lenders
200 $175MM Term Loan/$25MM Revolver
To support acquisition of AppRiver
2019/02/21 Zix
Provider/E-mail Security
SunTrust Bank
Admin Agent
210 $185MM Term Loans/$25 Revolver