Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 4/01/19 through 6/30/19.
| DATE | BORROWER/INDUSTRY | LENDER/ROLE | AMOUNT | STRUCTURE/NOTES |
|---|---|---|---|---|
| 2019/04/08 | Babcock & Wilcox Enterprises Supplier/Energy Tech |
B. Riley FBR Lead Arranger |
150 | Term Loan To pay down previous revolver |
| 2019/05/02 | Alcanna Retailer/Wine & Liquer |
Canadian Imperial Bank of Commerce Lender |
70 | Revolver Replaces previous facility |
| 2019/04/09 | Alfred Nickles Bakery Manufacturer/Breads |
MidCap Business Credit Admin Agent |
25 | Credit Facility Co-admin agent: CNH Finance |
| 2019/06/18 | AmeriLife Group Distributor/Insurance |
Credit Suisse Lender |
395 | $250MM TL/$70MM TL/$35MM TL/$40MM Revolver For refinancing |
| 2019/06/13 | Auramet International Provider/Precious Metals |
ING Capital Admin Agent |
190 | Revolver Syndicate: Rabobank, Macquarie, Bank of China, Bank Hapoalim |
| 2019/05/02 | AutoWeb Provider/Digital Advertising |
PNC Bank Lender |
25 | Revolver For working capital |
| 2019/04/18 | AVENUE Stores Retailer/Apparel |
PNC Bank Lender |
45 | Revolver For working capital |
| 2019/04/03 | Caregiver Provider/Behovorial Health |
White Oak Healthcare Finance Admin Agent |
82 | Credit Facility |
| 2019/04/19 | Charming Charlie Retailer/Apparel & Accessories |
Second Avenue Capital Partners Lender |
35 | Revolver Co-lender: White Oak Commercial Finance |
| 2019/05/07 | Cobalt 27 Capital Operator/Cobalt Mining |
National Bank of Canada Lead Arranger |
100 | Term Loan Jt. lead arrangers: Bank of Montreal, Bank of Nova Scotia |
| 2019/05/14 | Confluence Outdoor Operator/Watersports Accessories |
Ares Commercial Finance Lender |
32 | Revolver To refinance debt |
| 2019/06/19 | Contura Energy Provider/Coal |
Cantor Fitzgerald Securities Admin Agent |
561.8 | Term Loan For refinancing |
| 2019/04/08 | CrossAmerica Partners Distributor/Petroleum |
Citizens Bank Lender |
750 | Revolver Replaces previous facility |
| 2019/04/22 | CUI Global Operator/Private Equity |
Bank of America Merrill Lynch Lender |
10 | Revolver Replaces previous facility |
| 2019/04/24 | Danimer Scientific Holdings Manufacturer/Plastics |
White Oak Global Advisors Admin Agent |
30 | Credit Facility To repay existing debt |
| 2019/04/10 | Dewey's Bakery Retailer/Bakery |
Gibraltar Lender |
10 | Credit Facility For working capital |
| 2019/06/11 | DLH Holdings Provider/Healthcare Services |
First National Bank of PA Agent |
95 | Credit Facility To support Social & Scientific Systems acquisition |
| 2019/04/12 | Equinox Gold Operator/Mining |
Bank of Nova Scotia Lender |
130 | Revolver Replaces previous facility |
| 2019/05/15 | Fairway Building Products Designer/Railing Products |
Huntington Business Credit Lender |
8.5 | Credit Facility To refinance debt |
| 2019/06/24 | FirstService Provider/Property Services |
TD Bank Lender |
440 | Term Loan Syndicate: BMO, CIBC, HSBC, Scotiabank, JPMorgan Chase, U.S. Bank, BofA, MUFG |
| 2019/04/09 | Forward Financing Provider/Alternative Financing |
AloStar Capital Financing Admin Agent |
60 | Revolver To refinance existing debt |
| 2019/06/07 | Fox Factory Designer/Bicycle Products |
Bank of America Admin Agent |
250 | Revolver Replaces previous facility |
| 2019/06/08 | Frazier Healthcare Partners Operator/Private Equity |
Antares Bain Capital Complete Financing Solution Lender |
270 | Credit Facility To support acquisition of Comprehensive Pharmacy Services |
| 2019/06/13 | Harte Gold Operator/Gold Mines |
BNP Paribas Lender |
82.5 | $52.5MM Term Facility/$20MM Revolver For general corporate purposes |
| 2019/05/30 | Iconex Provider/Label Solutions |
PNC Bank Lender |
90 | Credit Facility For general corporate purposes |
| 2019/06/05 | LabCorp Provider/Lab Services |
Bank of America Admin Agent |
850 | Term Loan For general corporate purposes |
| 2019/05/06 | Lightspeed POS Developer/Software |
Canadian Imperial Bank of Commerce Lender |
55 | $30MM Term Loan/$25MM Revolver Replaces previous facility |
| 2019/04/25 | Lime Crime Manufacturer/Cosmetics |
Siena Lending Group Lender |
7 | Revolver For working capital |
| 2019/05/24 | Macro Enterprises Provider/Construction Services |
HSBC Bank Canada Lender |
145 | $80MM LoC/$65MM Revolver Lending syndicate: Bank of Montreal, National Bank of Canada |
| 2019/04/15 | Macro Industries Provider/Pipeline Services |
HSBC Bank Canada Lender |
145 | Revolver Provide funding support |
| 2019/05/10 | Mercon Provider/Coffee |
Rabobank Lender |
450 | Revolver For sustainability initiatives |
| 2019/06/03 | Meridian Bioscience Provider/Diagnostic Platforms |
PNC Bank Lead Arranger |
125 | Revolver Jt. lead arranger: Fifth Third Bank |
| 2019/05/09 | Mesa Airlines Operator/Airline |
CIT Group Lead Arranger |
91 | Credit Facility Co-lead arranger: NORD/LB |
| 2019/06/17 | MiMedx Group Designer/Therapeutic Biologics |
Blue Torch Finance Lender |
75 | Term Loan To implement long-term plan |
| 2019/05/02 | Monro Provider/Undercar Repair |
Citizens Bank Admin Agent |
600 | Revolver To refinance debt |
| 2019/06/10 | Motorcar Parts of America Manufacturer/Auto Parts |
PNC Bank Lender |
269 | $238.62MM Revolver/$30MM Term Loan For financial flexibility |
| 2019/06/07 | Murphy Exploration & Production Producer/Oil & Gas |
JPMorgan Chase Admin Agent |
500 | Term Loan To support Gulf of Mexico acquisition |
| 2019/05/02 | Newtek Business Services Provider/Financial Solutions |
Deutsche Bank Lender |
100 | Revolver To support growth |
| 2019/06/25 | Newtek Business Services Provider/Business Solutions |
Capital One Lender |
150 | Credit Facility |
| 2019/05/17 | NLS Equipment Finance Provider/Equipment Financing |
Bryant Park Capital Lender |
20 | Credit Facility To increase asset originations |
| 2019/04/30 | OneTouch Direct Provider/Contact Center Solutions |
North Mill Capital Lender |
15 | Revolver For working capital |
| 2019/06/03 | Organigram Producer/Cannabis |
Bank of Montreal Lead Arranger |
140 | $115MM Term Loan/$25MM Revolver To fund campus expansion |
| 2019/04/24 | OSI Systems Manufacturer/Electronic Systems |
Wells Fargo Admin Agent |
535 | Credit Facility Jt. lead arrangers: Wells Fargo Securities, Merrill Lynch, JPMorgan Chase |
| 2019/06/14 | Pinnacle Renewable Producer/Sustainable Fuel |
Bank of Nova Scotia Lender |
530 | $280MM Term Facility/$185MM Term Facility/$65MM Revolver Co-leads: CIBC, RBC, BMO, BofAML |
| 2019/05/29 | ProFusion Industries Manufacturere/Polymer Products |
MidCap Business Credit Lender |
8.5 | Credit Facility To support growth |
| 2019/04/05 | Quick Base Provider/Software Platform |
Golub Capital Admin Agent |
315 | Credit Facility To support acquisition by Vista Equity Partners and Welsh, Carson, Anderson & Stowe |
| 2019/05/07 | Redishred Capital Operator/Paper Shredders |
Bank of Montreal Lender |
9.5 | Credit Facility To fund acquisitions |
| 2019/04/02 | RefleXion Medical Designer/Radiotherapy Machines |
Oxford Finance Lender |
60 | Term Loan To support FDA clearance process |
| 2019/06/12 | Runway Growth Credit Provider/Growth Financing |
KeyBank Admin Agent |
100 | Revolver To support loan portfolio growth |
| 2019/05/08 | Seitz Designer/Molded Gears |
Siena Lending Group Lender |
7.5 | Revolver |
| 2019/04/18 | Six Flags Entertainment Operator/Theme Parks |
Wells Fargo Admin Agent |
1300 | $800MM Term Loan/$350MM Revolver To refinance an existing term loan |
| 2019/06/25 | Southwest Spirits & Wine Retailer/Wine & Liquer |
Siena Lending Group Lender |
10 | Revolver For working capital |
| 2019/04/04 | Storage Vault Provider/Self Storage |
Bank of Nova Scotia Lead Arranger |
320 | Revolver Co-lead arranger: TD Securities |
| 2019/04/23 | Summit Materials Provider/Construction Materials |
Bank of America Admin Agent |
345 | Revolver |
| 2019/04/26 | Survival Systems International Manufacturer/Life Boats |
Pacific Mercantile Bank Lender |
6.5 | Credit Facility |
| 2019/05/31 | Telenet Provider/Wireless |
Bank of Nova Scotia Agent |
67 | Revolver |
| 2019/05/17 | The ONE Group Operator/Restaurants |
Bank of America Lender |
20 | $10MM Term Loan/$10MM Revolver For general corporate purposes |
| 2019/04/17 | TherapeuticsMD Manufacturer/Pharmaseuticals |
TPG Sixth Street Partners Lender |
300 | Term Loan To support growth |
| 2019/04/05 | US Healthvest Provider/Psychiatric Services |
Silicon Valley Bank Lender |
55 | Term Loan To refinance existing debt |
| 2019/04/19 | Valvoline Operator/Car Services Stores |
Bank of Nova Scotia Admin Agent |
1050 | $575MM Term Loan/$475MM Revolver Lead arranger: Citibank |
| 2019/06/13 | Vector Security Provider/Commercial Security |
PNC Bank Admin Agent |
450 | Revolver To repay previous facility |
| 2019/06/07 | Vishay Intertechnology Manufacturer/Semiconductors |
JPMorgan Chase Admin Agent |
750 | Credit Facility Jt. lead arrangers: Comerica Bank, Citizens, HSBC, UniCredit Bank |
| 2019/06/21 | Wesdome Gold Mines Operator/Gold Mines |
National Bank Financial Lender |
40 | Revolver For general corporate purposes |
| 2019/06/11 | Willis Lease Finance Lessor/Aircraft Engines |
MUFG Bank Admin Agent |
1000 | Revolver Jt. lead arrangers: Bank of America, Wells Fargo |