Deal Charts

ABL Deal Chart 2019 Q3

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 7/01/19 through 9/30/19.

DATEBORROWER/INDUSTRYLENDER/ROLEAMOUNTSTRUCTURE/NOTES
2019/07/22Acerus Pharmaceuticals
Developer/Pharmaceuticals
First Generation Capital
Lender
5Term Loan
For working capital
2019/09/16Aerospace Manufacturing Group
Provider/Precision Components
North Mill Capital
Lender
8.5$7MM Revolver/$1.5MM Term Loan
For working capital
2019/07/17Alterna Capital Solutions
Provider/Alternative Financing
Wells Fargo Commercial Capital
Lender
50Credit Facility
To support funding for small businesses
2019/08/22Amfuel
Manufacturer/Fuel Cells
Siena Lending Group
Lender
5.5Credit Facility
For working capital
2019/09/16Apollo Medical Holdings
Provider/Health Management
SunTrust Bank
Admin Agent
290$190MM Term Loan/$100MM Revolver
Left lead arranger: SunTrust Robinson Humphrey
2019/09/30Applied Data Finance
Provider/Loans
Victory Park Capital Advisors
Lender
350Credit Facility
To support growth
2019/07/15Aqua Terra Water Management
Provider/Water Disposal
ATB Financial
Lender
100Credit Facility
For refinancing existing facilities
2019/09/26Asbury Automotive Group
Operator/Car Dealerships
Bank of America
Admin Agent
1450Credit Facility
Co-syndication agents: JPMorgan Chase Bank, Wells Fargo
2019/08/14Auxly Cannabis
Producer/Cannabis
Bank of Montreal
Lender
84Credit Facility
To finance processing equipment
2019/09/25Auxly Cannabis
Producer/Cannabis
Bank of Montreal
Lender
84Credit Facility
To finance processing equipment
2019/09/18Betteridge Jewelers
Retailer/Jewelry
TD Bank
Lead Arranger
20Revolver
For growth capital
2019/09/30Briggs & Stratton
Manufacturer/Gas Engines
JPMorgan Chase Bank
Admin Agent
625Revolver
Jt. lead arrangers: Bank of America, Bank of Montreal, Wells Fargo
2019/09/03Calpine
Producer/Electricity
Credit Suisse
Admin Agent
750Term Loan
Jt. lead arrangers: Goldman Sachs, Union Bank, Barclays Capital, ING Capital
2019/09/24Carlisle Etcetera
Provider/Apparel
Second Avenue Capital Partners
Lender
12.5Credit Facility
2019/08/07Celadon Group
Operator/Trucking
MidCap Financial
Lender
60Revolver
To refinance previous facility
2019/09/05Chembio Diagnostics
Provider/Diagnostics
Perceptive Advisors
Lender
20Term Loan
2019/07/17Coloredge
Provider/Marketing
Siena Lending Group
Lender
28Credit Facility
To refinance existing debt
2019/07/17Comstock Resources
Provider/Oil & Gas
Bank of Montreal
Admin Agent
2500Revolver
To support acquisition of Covey Park Energy
2019/09/04Dana
Provider/Energy Management
Citi
Admin Agent
1000Credit Facility
Upsizes previous facility
2019/08/19DaVita
Provider/Kidney Care
Wells Fargo
Admin Agent
5500Credit Facility
2019/08/12D-BOX Technologies
Designer/Immersive Entertainment
National Bank of Canada
Lender
5Credit Facility
To support expansion
2019/09/27Detour Gold
Operator/Gold Mine
Bank of Montreal
Admin Agent
500Revolver
For general corporate purposes
2019/08/01Dial Lubricants
Distributor/Fuel & Lubricants
Siena Lending Group
Lender
11.75Credit Facility
For working capital
2019/07/17E2open
Provider/Supply Chain Management
Golub Capital
Admin Agent
950Credit Facility
To support acquisition of Amber Road
2019/08/16francesca’s
Retailer/Accessories
Tiger Finance
Lender
10Term Loan
To support turnaround
2019/08/29Gogo
Provider/Inflight Broadband
JPMorgan
Admin Agent
30Revolver
Syndication Agent: Morgan Stanley
2019/08/15Goodfood Market
Provider/Home Meals
Desjardins Capital Markets
Lender
12$7.5MM Revolver/$2.5MM Term Loan/$2MM Other
To finance expansion
2019/09/18Greenfiber
Manufacturer/Fiber Insulation
Siena Lending Group
Lender
17.7Revolver
To refinance existing debt
2019/08/02GridLiance Western Holdings
Operator/Electric Transmission
KeyBank
Admin Agent
185Revolver
To repay current debt
2019/08/21Hewlett Packard Enterprise
Provider/IT Management
JPMorgan Chase Bank
Admin Agent
4750Revolver
Co-admin agent: Citibank
2019/07/08Hornbeck Offshore Services
Provider/Service Vessels
CIT Northbridge
Lender
100Revolver
For financial flexibility
2019/08/20iAnthus Capital Holdings
Operator/Cannabis Cultivation
Torian Capital Partners
Lender
50Term Loan
To support growth
2019/08/13Innovative Hearth Products
Manufacturer/Fireplaces
Siena Lending Group
Lender
14.6Revolver
To refinance existing debt
2019/09/30Jamieson Wellness
Manufacturer/Suppliments
Bank of Montreal
Admin Agent
358Credit Facility
2019/08/23KushCo Holdings
Provider/Cannabis Products
Monroe Capital
Admin Agent
50Revolver
For working capital
2019/08/27Long Falls Paperboard
Manufacturer/Paperboard
MidCap Business Credit
Lender
5Credit Facility
2019/08/30Lundin Mining
Operator/Mines
Bank of Nova Scotia
Lead Arranger
800Revolver
Jt. lead arranger: ING Capital
2019/09/17Madison-Kipp
Manufacturer/Die Castings
PNC Bank
Admin Agent
42.3Credit Facility
For working capital
2019/08/13Marolina Outdoor
Manufacturer/Outdoor Apparel
Second Avenue Capital Partners
Lender
16Revolver
Co-lender: White Oak Commercial Finance
2019/08/12Mitchell Rubber Products
Provider/Rubber Components
MidCap Business Credit
Lender
5.5Credit Facility
2019/09/23MMA Energy Holdings
Provider/Project Capital
East West Bank
Admin Agent
125Revolver
To invest in lending platforms
2019/08/19MolecuLight
Designer/Medical Imaging
Oxford Finance
Lender
7.5Term Loan
To support expansion
2019/08/22Oculus Transport
Provider/Oilfield Transportation
Great Rock Capital
Lender
37Term Loan
To support growth
2019/09/19Patrick Industries
Manufacturer/Component Products
Wells Fargo
Admin Agent
650$550MM Revolver/$100MM Term Loan
Replaces existing facility
2019/09/11PhysicianOne Urgent Care
Operator/Urgent Care Centers
Oxford Finance
Lender
25.5Credit Facility
For working capital
2019/08/26Rent-A-Center
Retailer/Rent-to-Own
JPMorgan
Admin Agent
500$300MM Revolver/$200MM Term Loan
To refinance existing facility
2019/09/17Restaurant Brands
Operator/Franchis Restaurants
JPMorgan
Admin Agent
1750Credit Facility
Jt. lead arrangers: Morgan Stanley Senior Funding, Wells Fargo Securities, Barclays, RBC
2019/08/21Signet Maritime
Operator/Tugboats
Riverstone Credit Partners
Lender
140Term Loan
To repay existing facility
2019/08/26Sinclair Broadcast Group
Operator/TV Stations
JPMorgan
Admin Agent
650Revolver
To acquire equity interests in 21 Regional Sports Networks, Fox College Sports
2019/09/03Sundial Growers
Producer/Cannabis
ATB Financial
Admin Agent
105Credit Facility
2019/09/09Team
Provider/Industrial Services
Bank of America Merrill Lynch
Admin Agent
275Credit Facility
Syndication Agent: Citibank
2019/09/05The Meet Group
Provider/Livestreaming Solutions
Bank of America
Admin Agent
60Credit Facility
Co-arranger: JPMorgan Chase Bank
2019/08/14UGI Energy Services
Distributor/Energy Products
Credit Suisse
Admin Agent
700Term Loan
Jt. lead arrangers: JP Morgan Chase, Citizens, PNC Capital Markets, Wells Fargo
2019/07/15United Gaming
Operator/Online Gambling
Summit Partners
Lender
75Credit Facility
For investment in coin operated amusement machine routes
2019/09/27Vidrio Financial
Provider/Fund Management
Espresso Capital
Lender
5Revolver
To build sales & marketing efforts
2019/08/08Vivint Solar
Operator/Solar Provider
Bank of America Merrill Lynch
Lender
325Revolver
Co-lenders: CitiBank, Credit Suisse, KeyBank, Silicon Valley Bank