ABL Deal Chart 2020 Q2

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 4/01/20 through 6/30/20. All dollar amounts are in millions.

DATE	BORROWER/INDUSTRY	LENDER/ROLE	AMOUNT	STRUCTURE/NOTES
2020/04/01	Aclaris Therapeutics Biopharmaceuticals	Silicon Valley Bank Lender	11	Term Loan To fund operations
2020/04/01	iCAD Medical Tech	Bridge Bank Lender	12	$7MM Term Loan/$5MM Revolving Line of Credit
2020/04/01	Harsco Corporation Industrial	Citigroup Joint lead arranger	280	Term Loan For Stericycle Environmental Solutions acquisition
2020/04/02	Honeywell Aircraft Parts	Citibank Admin agent	6000	Term Loan
2020/04/02	JinkoSolar Australia Solar Energy	National Australia Bank Lender	22.53	$7.31MM Invoice Financing/$15.22MM Bank Guarantees To expand business
2020/04/03	Legacy Housing Housing	Capital One Lender	70	Increases borrowing base from $45MM
2020/04/03	McGrath Rentcorp Equipment Rental	Bank of America Admin agent	420	For working capital & capital expenditures
2020/04/03	Edgewell Personal Care Products	Bank of America Admin agent	425	For general corporate purposes
2020/04/07	Titan Machinery Equipment Sales	Bank of America Lender	250	$185MM Floorplan Financing/$65MM Working Capital
2020/04/07	Power Solutions International Engine Manufacturing	Standard Chartered Bank Admin agent	130	Optional 60-day extension Redeem & discharge senior notes & pay related interest
2020/04/08	Securitas AB Secruity	Commerzbank, Danske Bank, ING Bank Lead arrangers	920.68	Five-year term with possible two-year extension
2020/04/09	HealthGrowth Capital Financial Services	Old Hill Partners Lender	10	Includes an accordion feature
2020/04/14	Alnylam Pharmaceuticals Pharmaceuticals	GSO Capital Partners Lender	750	First Lien Senior Secured Term Loan
2020/04/14	Darden Restaurants Hospitality	Bank of America Admin agent	270	Matures on April 5, 2021 and can be increased by $100MM
2020/04/14	Live Nation Entertainment	JPMorgan Chase Bank Admin agent	120	Revolver
2020/04/16	ArcelorMittal Mining	BNP Paribas, Crédit Agricole, J.P. Morgan, Société Générale Lenders	3000	For general coroporate purposes
2020/04/16	Loomis Cash Management	Danske Bank, Nordea Bank Lenders	119.6	Two-year Term Loan For working capital & capital expenditures
2020/04/16	Lignetics Manufacturing	Fifth Third Business Capital Admin agent	70	For acquisition of Energex & capital expansion
2020/04/16	Q4 Investor Relations Services	CIBC Innovation Banking Lender	25	For scaling of team, tech platform & growth
2020/04/16	Comfort Research Furniture	Fifth Third Business Capital Lender	15.828	To refinance existing debt & working capital
2020/04/17	Dana Incorporated Transportation Equipment	Citibank Joint lead arranger	500	Bridge facility with 364-day term To provide access to additional liquidity
2020/04/20	U.S. Concrete Construction Materials	Bank of America Admin agent	180	Term Loan To provide additional liquidity
2020/04/20	Eros International Entertainment	JPMorgan Admin agent	350	For merger with STX Entertainment
2020/04/20	Fnac Darty Retail	Crédit Agricole Coordinating lender	542.69	Guaranteed up to 70% by the French State
2020/04/21	CURO Group Financial Services	Atalaya Capital Management Lender	100	Revolver
2020/04/21	Save-A-Lot Grocery	Wingspire Capital Lender	40	Part of a $150MM revolving line of credit To repay existing debt & support operations
2020/04/21	Crown & Caliber e-Commerce	Second Avenue Capital Lender	17	For growth & working capital
2020/04/21	Office Depot Office Supplies	JPMorgan Chase Bank Admin agent	1300	$1.2B Revolver/$100MM FILO Facility
2020/04/21	Freshpet Pet Supplies	City National Bank Admin agent	165	$130MM Delayed Draw Term Loan/$35MM Revolver
2020/04/22	Everi Gaming	Jefferies Finance Admin agent	125	Term Loan To provide liquidity & financial flexibility
2020/04/22	Strategic Wireless Telecom Investment	Texas Capital Bank Lender	75	Includes an accordion
2020/04/23	Beyond Meat Food	JPMorgan Chase, SVB Joint lead arrangers	150	Revolver with five-year maturity; Up to w/ $200MM accordion
2020/04/23	Senseonics Medical Tech	Highbridge Capital Management Lender	20	Term Loan
2020/04/24	Wereldhave Real Estate	ABN AMRO Lender	107.91	Green Revolver
2020/04/27	Liberty Steel Products Metal Processing	Huntington Business Credit Lender	65.2	To refinance existing debt & working capital
2020/04/27	Ryder System Truck Rental	MUFG Bank Facility agent	300	364-day renewal of a receivable-backed financing facility Mizuho Bank is a participating lender
2020/04/27	US Foods Food Supply	Citigroup, Bank of America Lenders	700	Term Loan Supports Smart Foodservice acquisition
2020/04/28	FINCA Impact Finance Microfinance	Calvert Impact Capital Lender	15	Revolver with five-year tenor Working capital & long-term investments
2020/05/01	The Marcus Corporation Entertainment/Hospitality	JPMorgan Chase Bank Admin agent	90.8	New 364-day Senior Term Loan To repay existing facility, pay costs & general corporate purposes
2020/05/01	Dillard's Retail	J.P. Morgan Lender	800	Senior Unsecured Revolving Credit Facility now secured by inventory
2020/05/05	Watkins Incorporated Food Extracts	Huntington Business Credit Lender	22.5	To refinance existing debt & for working capital
2020/05/05	Duluth Apparel	BMO Harris Bank Admin agent	20.5	Delayed Draw Term Loan/Part of $150MM Credit Facility
2020/05/05	Hersha Hospitality Trust Hospitality	Citibank Admin agent	100	Amendment to $250MM Revolver
2020/05/07	Freepoint Commodities Commodities	BNP Paribas Admin agent	2565	Revolver with $600MM accordion feature
2020/05/07	Digital Colony Infrastructure Investment	TD Securities Admin agent	180.58	Inclues First Lien Term Loan and Revolver Supports recap of Beanfield Metroconnect
2020/05/08	Chatham Lodging Trust Real Estate	Barclays Lender	250	Amendment to $250MM Revolver
2020/05/08	Air France-KLM Group Airline	Crédit Agricole, HSBC France, Natixis Mandated lead arrangers	7580	$4.33B Loan/$3.25B Subordinated Shareholder Loan Partially guaranteed by the French State
2020/05/11	Global Clean Energy Acquisition Energy	Orion Energy Partners Admin agent	365	$300MM Credit Facilitiy/$65MM Credit Facility Supports acquisition of Alon Bakersfield Properties
2020/05/11	Blue Bird School Buses	Bank of Montreal Admin agent	41.9	Amendment to $100MM Revolver For working capital & general corporate purposes
2020/05/11	Advance Electric Supply Company Electrical Parts	Huntington Business Credit Lender	21.815	To refinance existing debt, finance acquisition of real estate, provide working capital
2020/05/12	Twin River Worldwide Casinos	Citizens Bank Admin agent	275	Term Loan/Increases Existing Facility to $575MM Supports acquisition of two casinos
2020/05/12	Stenn International Financial Services	Crayhill Capital Management Lender	200	Includes accordion feature
2020/05/12	Viva5 Health	Monroe Credit Advisors Placement agent	27.1	To facilitate partner buyout, refinance indebtedness & growth capital
2020/05/13	Aligned Infrastructure	Macquarie Infrastructure Partners Lender	575
2020/05/14	Inference Solutions Technology	Espresso Capital Lender	8
2020/05/14	Arconic Transportation Parts	Deutsche Bank Admin agent	800	Replaces cash flow revolver
2020/05/18	Stellus Capital Investment Investment Management	Amegy Bank Lender	230	Amendment to Revolver
2020/05/21	Sprague Resources Petroleum Products	MUFG Bank Admin agent	1180	$465MM U.S. Dollar Committed Revolver/$200MM U.S. Dollar Uncommitted Revolver/$85MM Multicurrency Revolver/$430MM Acquisition Revolver
2020/05/22	MarineMax Marine Vehicle Retail	Wells Fargo Agent	440	Amendment extends term to three years
2020/05/22	Brooks Brothers Apparel	Gordon Brothers Lender	20	Term Loan
2020/05/22	Sugarbud Cannabis	Connect First Credit Union Lender	5	To repay existing debt facility
2020/05/27	Tarkett Flooring	BNP Paribas Lender	192.85	Short Term Revolver
2020/05/29	Nature’s Medicines Cannabis	Advanced Flower Capital Admin agent	42
2020/06/02	Diodes Incorporated Semiconductors	BofA Securities, BBVA Securities, PNC Capital Markets Lead arrangers	670	$520MM Term Loan/$150MM Revolver To refinance existing debt, ensure access to cash at a competitive rate and to prepare financing for the acquisition of Lite-On Semiconductor
2020/06/02	IGS Resi OpCo II Solar Energy	ING Admin agent	146	Seven-year term with $140MM Term Loan/$6MM Letter of Credit
2020/06/02	8minute Solar Energy Solar Energy	CIT Lead arranger	225	To arrange purchase power agreements and interconnection agreements
2020/06/02	Silgan Holdings Packaging	Wells Fargo Admin agent	900	Delayed Draw Term Loan To fund acquisition of the dispensing business of the Albéa Group
2020/06/02	G1 Therapeutics Pharmaceuticals	Hercules Capital Lender	100	Available in four tranches To fund commercialization and further development of trilaciclib
2020/06/02	Spartan Delta Oil and Gas	National Bank of Canada, ATB Financial, Canadian Western Bank	100	To help fund acquisition of Bellatrix Exploration assets
2020/06/03	Groupe Renault Automotive Manufacturing	BNP Paribas, Crédit Agricole, HSBC France, Natixis, Société Générale Lenders	5600	90% guaranteed by the French State
2020/06/03	Vivint Solar Solar Energy	Bank of America Admin agent	570	$245 MM upsize to Revolving Warehouse Facility
2020/06/03	Pioneer Energy Services Oil and Gas	PNC Admin agent	75	Revolver Part of Pioneer's emergence from bankruptcy
2020/06/04	NGL Energy Partners Energy	Apollo Global Management Lender	250	Term Loan To refinance existing facility
2020/06/04	Orscheln Farm and Home Retail	CIT Admin agent	185	For growth and general corporate purposes
2020/06/05	VEON Internet	Sberbank Lender	1450	Term Loan To refinance and extend maturity of an existing loan and for general corporate purposes
2020/06/05	Vbrick Video Services	CIBC Innovation Banking Lender	6	To accelerate growth
2020/06/09	Macy's Retail	Bank of America Admin agent	315000	Includes accordion feature for up to an additional $750MM
2020/06/09	Douglas Dynamics Manufacturing	J.P. Morgan Admin agent	275	Term Loan
2020/06/09	Douglas Dynamics Manufacturing	J.P. Morgan Admin agent	100	Revolver
2020/06/09	Bright Mountain Media Advertising	Centre Lane Lender	15	Term Loan Supports acquisition of Wild Sky Media
2020/06/09	Orion Group Holdings Construction	Regions Bank Lender	20	Revolver Supplements existing $50MM Revolver
2020/06/09	Baudax Bio Pharmaceuticals	Marathon Asset Management Lender	50
2020/06/10	Stock+Field Retail	Second Avenue Capital Partners, CIT Northbridge Credit Lenders	60
2020/06/10	North Star Leasing Equipment Finance	People’s United Bank Lead arranger	80	Four-year Revolver
2020/06/10	Robinson Fans Manufacturing	Huntington Business Credit Lender	11.5
2020/06/11	Geysers Power Company Energy	MUFG Bank Admin agent	1100	$900MM Term Loan/$200MM Letter of Credit Facility To repay Calpine for equity investment
2020/06/11	Chimera Investment Real Estate	Ares Management Lender	400	Three-year Secured Loan
2020/06/11	GreenSky Fintech	JP Morgan Chase Lead arranger	75	Term Loan B
2020/06/12	LivaNova Medical Tech	Ares Management Admin agent	450	Five-year term To repay previous credit facility
2020/06/15	New Look Vision Group Eye Care	Fonds de solidarité FTQ Lender	40
2020/06/16	Save-A-Lot Retail	Citizens Commercial Banking Lead left arranger	150	Revolver
2020/06/16	WW International Health	JPMorgan Chase Bank Admin agent	175	Revolver increase from $150MM to $175MM
2020/06/17	ProSight Global Insurance	SunTrust, Citizens Bank Lead arrangers	165	Delayed Draw Term Loan To refinance existing indebtedness
2020/06/18	Marquis Construction Services Construction	CIT Northbridge Credit Lead arranger	20
2020/06/19	Affirm Fintech	Ares Management Lender	250	Revolver For growth and expansion
2020/06/19	Baldwin Risk Partners Insurance	JPMorgan Admin agent	400	$100MM increase to $300MM facility Capital One joined the lender group
2020/06/19	CPSI Healthcare	Regions Bank Admin agent	110	$60MM inrease to $50MM facility
2020/06/22	Calibre Scientific Life Sciences	CVC Credit Partners Lender	92	Multicurrency first lien facility To refinance an exisiting debt facility and support acquisitions
2020/06/23	The Ardonagh Group Insurance	Ares Management Lead arranger	2340	$1.97B Unitranche Loan/$374.72MM Committed CapEx Facility For refinancing
2020/06/23	Despegar Travel	Citibank Lender	40	One-Year Term For general corporate purposes
2020/06/23	Bed Bath & Beyond Retail	JPMorgan Chase Bank Admin agent	850
2020/06/24	Purolite Manufacturing	Santander Bank Lead arranger	225	$175MM Term Loan/$50MM Revolver To facilitate additional spending on capital projects and enhance liquidity
2020/06/24	Armstrong Flooring Manufacturing	Bank of America Lead arranger	90	Amendment to previous facility
2020/06/24	Armstrong Flooring Manufacturing	Pathlight Capital Lead arranger	70	Term Loan For business transformation and growth initiatives, working capital needs and general corporate purposes
2020/06/24	TriStruX Infrastructure	Hunter Street Partners, Five Crowns Credit Partners Lenders	11	Term Loan
2020/06/26	HTG Molecular Diagnostics Life Sciences	Silicon Valley Bank Lender	10	Term Loan To replace existing senior credit facility
2020/06/26	CITIES Market Studios Brand Development	CIT Northbridge Credit Lead arranger	50	Revolver
2020/06/29	Aspire 42 N/A	White Oak Commercial Finance Lender	81
2020/06/30	Roxgold Mining	Societe Generale, BNP Paribas Lenders	20	Revolver

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ABL Deal Chart 2020 Q2