Deal Charts

ABL Deal Chart 2019 Q2

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 4/01/19 through 6/30/19.

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