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

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