Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 1/01/20 through 3/31/20.

DATE BORROWER/INDUSTRY LENDER/ROLE AMOUNT STRUCTURE/NOTES
2020/01/02 Sunnova
Residential solar
Credit Suisse
Admin agent
95 Revolver
To purchase equipment
2020/01/03 Air Industries Group
Machined products
Sterling National Bank
Lender
19.8 $16MM revolver/$3.8MM Term Loan
To retire capital lease obligations
2020/01/09 Mashburn
Clothing Design
Burnley Capital
Lender
5.5 Revolver
To support growth
2020/01/10 ChemoCentryx’
Biopharmaceutical
Hercules Capital
Lender
100 Term Loan
To support R&D
2020/01/10 CPI
Mental health
Antares Bain CS
Lender
355 Unitranche
To support acquisition by Wende
2020/01/16 Tarrytown Expocare
Pharmaceutical
Oxford Finance
Lender
87.5 Revolver/Term Loan
To fund recap
2020/01/17 Eastside Distilling
Spirits
Live Oak
Lender
8 Revolver
To payoff exisiting loans
2020/01/17 Aramark
Food
JPMorgan
Admin agent
900 Term Loan
To redeem exisiting senior notes
2020/01/23 Wind Turbine & Cable Energy
Energy
Santander
Admin agent
75 Revolver
To support growth
2020/01/30 Hunt & Sons
Energy
White Oak ABL
Lender
75 Revolver
To support growth
2020/01/31 International Seaways
Transportation
Nordea
Admin agent
390 $40MM Revolver/$350MM Term Loan
To lower interest rates
2020/02/02 Phoenix Textile
Textiles
North Mill Capital
Lender
7 ABL LOC
To support ReFi
2020/02/03 TPG Specialty Lending
Specialty Finance
SunTrust, JP Morgan, MUFG
Joint lead arrangers
1315 Revolver
Up to $1.75B with accordian
2020/02/05 Southern Management Corp
Consumer Finance
Ares Management
Admin agent
350 Revolver
To repay credit facility
2020/02/07 Nautilus
Fitness
Wells Fargo
Admin agent
70 $55MM Revolver/$15MM Term Loan
To support ReFi
2020/02/10 Oncor Electric Delivery
Electric Utility
Sumitomo Mitsui
Admin agent
450 Term Loan
To support growth
2020/02/11 Allied Dairy Products
Dairy Industry
Midcap Business Credit
Lender
14 Revolver
To support growth
2020/02/13 Allied Motion
Motion products
HSBC
Admin agent
225 Revolver
Up to $300MM with accordian
2020/02/18 Harvest Partners
Private Equity
Golub Capital
Admin agent
1600 Term Loan
To support growth & ReFi
2020/02/19 New Generation Health
Healthcare
CIT
Lead arranger
93.7 $74.7MM Senior Secured Credit Facility/$19MM Revolver
For working capital financing
2020/02/19 S&W Seed
Agricultural
CIBC Bank USA
Lender
35 Loan and Security Agreement
For acquisition of Pasture Genetics
2020/02/20 Omnicon
Marketing
Citibank
Admin agent
2500 Revolver
2020/02/20 Hercules Capital
Specialty Finance
MUFG Union Bank
Admin agent
400 Includes an uncommitted accordion feature of $200 million
2020/02/21 AJ Walter Aviation
Aviation Parts
Wells Fargo Capital Finance
Arranger and agent
70 Five-year facility
To support acquisitions & fuel growth
2020/02/25 Deserve
Fintech
Credit Suisse
Lender
100
2020/02/25 esVolta
Energy
CIT
Lead arranger
140
2020/02/26 Tidewater Fleet
Industrial/Manufacturing
Fifth Third
Admin agent
16
2020/02/26 International Control Services
Manufacturing
Concord Financial Advisors
Lender
7.5 Revolver
To refinance existing debt
2020/02/26 Maersk
Container Logistics
BNP Paribas
Admin agent
5000 Sustainability-linked Revolver
2020/02/27 San Francisco Housing Accelerator Fund
Affordable Housing
First Republic
Lender
100
To support affordable housing in San Francisco
2020/02/28 Kimco Realty
Real Estate
JPMorgan
Joint lead arranger
2000 Up to $2.75B with accordion
2020/03/02 urban-gro
Engineering Design
Bridging Finance
Admin agent
6 $2.02MM Term Loan/$4.03MM Revolver
2020/03/02 ESB
Eletricity
BNP Paribas
Lender
1550 Syndicated sustainability linked loan
2020/03/03 KAZ Minerals
Mining
Sovcombank
Lead arranger
1000 Four-year pre-export financing
For trade financing & general corporate purposes
2020/03/04 Cassavant Holdings
Manufacturing
Comvest Credit Partners
Admin agent
92.2
To fund acquisition by Gallant Capital Partners
2020/03/05 Appco Pharma
Pharmaceutical
Midcap Business Credit
Lender
5 Revolver
For liquidity, growth & working capital
2020/03/05 Principal Manufacturing
Manufacturing
MidFirst Business Credit
Lender
16
To refinance payoff to existing lender
2020/03/05 iClick
Marketing
HSBC
Lender
30
For growth& general corporate purposes
2020/03/06 Bear Creek Mining
Mining
BNP Paribas, Société Générale
Lender
400
For Corani silver-lead-zinc project
2020/03/06 ICF International
Consulting
PNC
Admin agent
600 Revolver
2020/03/06 ABLE Equipment Rental
Equipment Rental
M&T Bank
Admin agent
150 $100MM Revolver/$35MM Accordion/$15MM Term Loan
To refinance indebtedness
2020/03/09 203 Trading
Eletronics
North Mill Capital
Lender
5
To repay previous lender
2020/03/09 BridgePoint Financial Services
Financial Services
Equitable Bank
Lead arranger
60
To support recapitalization & growth
2020/03/10 APR Energy
Energy
Citibank
Structuring agent
285 $135MM Term Loan/$100MM Fixed Rate Institutional Private Placement Tranche/$50MM Revolver
2020/03/11 Brightview Senior Living
Healthcare
People's United Bank
Lender
61
For construction of assisted living facility
2020/03/12 Custom Bilt
Manufacturing
Huntington Business Credit
Lender
12
To refinance debt
2020/03/12 Oxford Finance
Specialty Finance
KeyBank
Lender
50 Revolver
2020/03/12 Epic Healthcare Staffing
Healthcare
Oxford Finance
Lender
104.3
To fund acquisition of Orbis Data Solutions
2020/03/16 Allied West Paper
Paper Goods
North Mill Capital
Lender
19 $15MM Revolver/$4 Equipment Term Loan
To pay off lenders
2020/03/16 Aviation Capital Group
Asset Manager
Crédit Agricole
Lender
650
2020/03/17 Chicago American Manufacturing
Manufacturing
Huntington Business Credit
Lender
24
To refinance debt
2020/03/17 UPM
Renewables
BNP Paribas, Handelsbanken, Nordea
Lead arrangers
811
Linked to biodiversity & climate targets
2020/03/17 Horizon Global
Manufacturing
Encina Business Credit
Lender
75 Revolver
To replace existing facility
2020/03/17 TransAct Technologies
Software
Siena Lending Group
Lender
10 Revolver
2020/03/18 Nivagen Pharmaceuticals
Pharmaceutical
Business Capital
Lender
8
For working capital for new products
2020/03/18 Radiant Logistics
Freight Transportation
Bank of America
Lead arranger
150
For acquisitions & capital expenditures
2020/03/18 Mandalay Resources
Natural Resources
HSBC Bank Canada, Macquarie Bank
Lenders
65
To repay existing facility
2020/03/20 Westwood Financial
Shopping Centers
KeyBank
Admin agent
95 Revolver
2020/03/23 Bilia
Car Sales
DnB, Nordea
Lenders
145 $86.7MM Revolver/$57.8MM Overdraft
2020/03/23 A-Mark Precious Metals
Precious Metals
Rabobank
Admin agent
270 $220MM Revolver/$50MM Accordion
2020/03/23 TopBuild
Building Materials
Bank of America, JP Morgan Chase, PNC
Joint lead arrangers
750 $450MM Revolver/$300MM Term Loan
2020/03/24 Charlotte's Web
CBD Distribution
J.P. Morgan
Lender
10 Line of Credit/Accordion of $10MM
2020/03/25 Royal Caribbean Cruises
Travel
Morgan Stanley
Admin agent
2200 Term Loan
2020/03/27 Scatec Solar
Renewable Energy
BNP Paribas, Nordea Bank, Swedbank
Lenders
90 Revolver