Deal Charts

ABL Deal Chart 2019 Q4

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 10/01/19 through 12/31/19.

DATEBORROWER/INDUSTRYLENDER/ROLEAMOUNTSTRUCTURE/NOTES
2019/10/01Metso
Provider/Equipment Services
Nordea
Lead Arranger
872Revolver
Co-lead arrangers: BBVA, BNP Paribas, Citi, Commerzbank, HSBC
2019/10/04Allegheny Technologies
Manufacturer/Specialty Materials
PNC Bank
Admin Agent
600$500MM Revolver/$100MM Term Loan
Co-syndication agents: BofA, Citibank, JPMorgan Chase, MUFG Union Bank
2019/10/09Gerald Group
Provider/Metals Merchant
ING Capital
Admin Agent
300Revolver
Jt. lead arrangers: Deutsche Bank, Rabobank
2019/10/09KB Home
Developer/Home Building
Citibank
Admin Agent
800Revolver
Syndication agents: BofA, Bank of the West, Credit Suisse, Wells Fargo
2019/10/10Virtu Financial
Provider/Financial Services
Jefferies Financial
Admin Agent
525Term Loan
2019/10/11B&G Foods
Manufacturer/Frozen Foods
Barclays
Lead Arranger
450Term Loan
Jt. lead arrangers: Deutsche Bank, RBC, BofA, BMO, Goldman Sachs, J.P. Morgan
2019/10/14Ferroglobe
Provider/Silicon Alloys
PNC Bank
Admin Agent
100Revolver
Replaces previous facility
2019/10/14Keywords Studios
Provider/Software Engineering
Barclays
Lender
154.4Revolver
Co-lenders: Citibank, HSBC, Silicon Valley Bank
2019/10/14Spray Products
Manufacturer/Aerosol Products
Fifth Third Business Capital
Admin Agent
21.5Credit Facility
To refinance existing debt
2019/10/15Luna Innovations
Provider/Telecommunications Test Products
Silicon Valley Bank
Lender
10Revolver
For financial flexibility
2019/10/15MSG Networks
Operator/Sports Networks
JPMorgan Chase Bank
Admin Agent
1350 $1.10B Term Loan/$250MM Revolver
2019/10/18Tempur Sealy International
Manufacturer/Mattresses
JPMorgan Chase Bank
Admin Agent
850$425MM Term Loan/$425MM Revolver
Jt. lead arrangers: BofA Securities, Wells Fargo Securities, Fifth Third
2019/10/21Golden Star Resources
Operator/Gold Mines
Macquarie Bank
Lender
60Credit Facility
For general corporate purposes
2019/10/21McDermott International
Provider/Energy Technology
Barclays
Lead Arranger
1700Credit Facility
For working capital
2019/10/22Anytickets.com
Operator/Ticket Re-sellers
Bank of America Merrill Lynch
Lender
40Credit Facility
To expand partner inventory program
2019/10/22Northern Oil and Gas
Producer/Oil & Gas
Wells Fargo Securities
Admin Agent
800Revolver
2019/10/23CRH Medical
Provider/Gastrointestinal Products
JPMorgan Chase Bank
Lender
200Revolver
Co-lenders: The Bank of Nova Scotia, U.S. Bank, Wells Fargo
2019/10/24Aligned Energy
Provider/Data Center
Goldman Sachs Bank
Lender
495Credit Facility
To support growth
2019/10/29Black Diamond Group
Provider/Specialty Rentals
Bank of Nova Scotia
Lender
200Credit Facility
Co-lender: Bank of Montreal
2019/10/29Bluegreen Vacations
Provider/Vacation Ownership
Fifth Third Bank
Admin Agent
225Credit Facility
2019/10/29Braemar Hotels & Resorts
Investor/Luxury Hotels
Bank of America
Admin Agent
75Revolver
Co-lenders: KeyBank, Morgan Stanley.
2019/10/29Cross Country Healthcare
Provider/Healthcare
PNC Bank
Lender
120Credit Facility
Co-lender: Wells Fargo
2019/10/29Jackrabbit
Retailer/Running Accessories
Second Avenue Capital Partners
Lender
40Credit Facility
Co-lender: Crystal Financial
2019/10/29Zipari
Provider/Healthcare Data Platform
Bridge Bank
Lender
10Term Loan
To support growth
2019/10/30International Materials
Operator/Materials Broker
Citizens Bank
Lender
290Revolver
2019/10/31Kaiser Aluminum
Producer/Specialty Aluminum
Wells Fargo
Admin Agent
375Revolver
2019/11/01Garda World Security
Operator/Security Services
JPMorgan Chase Bank
Lender
1770Credit Facility
Co-lenders: BofA, Barclays, TD Bank, ATB Financial, Jefferies, RBC, Scotiabank
2019/11/04U.S. Steel
Manufacturer/Steel
JPMorgan Chase Bank
Admin Agent
2000Credit Facility
Jt. lead arrangers: Bank of America, Wells Fargo Bank, Barclays Bank
2019/11/05Equity Residential
Operator/Apartment Management
Bank of America
Admin Agent
2500Revolver
Jt. lead arrangers: JPMorgan Chase Bank, Wells Fargo Securities
2019/11/06AerFin Holdings
Provider/Aircraft Aftermarket Support
CIT Group
Admin Agent
80Revolver
To support acquisition of AerFin by Catacap
2019/11/07Risk Strategies
Provider/Risk Management
Golub Capital
Admin Agent
1600Credit Facility
To support refinancing
2019/11/13Troy Lee Designs
Designer/Bike Gear
Fifth Third Business Capital
Admin Agent
8Credit Facility
For working capital
2019/11/14Abraxas Petroleum
Producer/Oil & Gas
Angelo Gordon Energy Servicer
Lender
100Term Loan
To pay down previous facility
2019/11/14Expedition Water Solutions
Provider/Water Disposal Services
Cadence Bank
Admin Agent
100Revolver
To fund pipeline and facilities growth
2019/11/15Lincoln Educational Services
Provider/Post-Secondary Education
Sterling National Bank
Lender
60$20MM Term Loan/$10MM Term Loan/$15MM Revolver/$15MM LoC
To support growth
2019/11/15Supreme Cannabis
Producer/Cannabis
Bank of Montreal
Lead Arranger
90$70MM Term Loan/$20MM Revolver
2019/11/19GlobalSCAPE
Provider/Cloud Services
JPMorgan
Admin Agent
55Credit Facility
2019/11/2184 Lumber
Provider/Building Materials
PNC Capital Markets
Lead Arranger
710$400MM Revolver/$310MM Term Loan
Jt. lead arranger: Wells Fargo Securities
2019/11/21Mercuria
Operator/Commdity Traders
Societe Generale
Admin Agent
1900Revolver
Jt. lead arrangers: MUFG Bank, Natixis, ABN Amro Capital, ING Capital
2019/11/25Univar Solutions USA
Distributor/Chemical
Bank of America
Admin Agent
400Term Loan
Syndication agent: Goldman Sachs
2019/11/26Fora Financial
Provider/Financing
First Horizon Bank
Lender
50Revolver
Co-lender: AloStar Capital Finance
2019/11/26Houghton Mifflin Harcourt
Provider/K-12 Education Materials
Citibank
Admin Agent
630 $380MM Term Loan/$250MM Revolver
To repay previous facility
2019/11/26TiVo
Provider/Streaming Services
Wells Fargo
Lender
50Revolver
Co-lender: Morgan Stanley Senior Funding
2019/11/27Caliber Imaging & Diagnostics
Designer/Microscopy Equipments
Bridge Bank
Lender
5Term Loan
For general corporate purposes
2019/11/27Compass Minerals
Provider/Minerals
JPMorgan
Admin Agent
700$400MM Term Loan/$300MM Revolver
To repay existing outdebtedness
2019/11/27Funda
Provide/Loans
Old Hill Partners
Lender
10Revolver
2019/11/27Upland Software
Provider/Cloud Management
Credit Suisse
Admin Agent
190Term Loan
To repay previous facility
2019/11/29Southwest Iowa Renewable Energy
Manufacturer/Ethonal
CoBank
Admin Agent
70Credit Facility
Co-lenders: Farm Credit Services of America, FLCA
2019/12/05Eastern Company
Operator/Industrial Manufacturers
Santander Bank
Admin Agent
120Revolver
To support acquisition program
2019/12/09Steel Dynamics
Manufacturer/Steel
PNC Capital Markets
Lead Arranger
1200Revolver
Co-lead arrangers: Bank of America Securities, Wells Fargo Securities
2019/12/10Milton’s Distributing
Distributor/Wine & Spirits
Rockland Trust
Lender
30Revolver
For working capital
2019/12/11Jaguar Land Rover
Manufacturer/Cars
Citi
Admin Agent
692Term Loan
Lead arrangers: Barclays, HSBC, JPMorgan, National Westminster, Standard Chartered
2019/12/13Telesat Canada
Operator/Satellite
JPMorgan Chase Bank
Admin Agent
2100$1.9B Term Loan/$200MM Revolver
Revolver is undrawn
2019/12/17Smart Sand
Sand fracking
Jefferies Financial
Lender
20Revolver
Includes $20MM accordian
2019/12/19Vivint Solar
Solar Energy
Bank of America
Admin Agent
200Revolver
To purchase safe harbor equipment
2019/12/20MAXIM
Energy Producer
ALB Finance
Lender
44$4MM Revolver/$30MM Term Loan
To repay outstanding letters of credit
2019/12/23Royal Dutch Shell
Producer/Oil & Gas
Bank of America, Barclays
Joint Lead Arrangers
10000$8B Revolver/$2B Term Loan
Loan linked to SOFR