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

DATEBORROWER/INDUSTRYLENDER/ROLEAMOUNTSTRUCTURE/NOTES
2020/04/01Aclaris Therapeutics
Biopharmaceuticals
Silicon Valley Bank
Lender
11Term Loan
To fund operations
2020/04/01iCAD
Medical Tech
Bridge Bank
Lender
12$7MM Term Loan/$5MM Revolving Line of Credit
2020/04/01Harsco Corporation
Industrial
Citigroup
Joint lead arranger
280Term Loan
For Stericycle Environmental Solutions acquisition
2020/04/02Honeywell
Aircraft Parts
Citibank
Admin agent
6000Term Loan
2020/04/02JinkoSolar Australia
Solar Energy
National Australia Bank
Lender
22.53$7.31MM Invoice Financing/$15.22MM Bank Guarantees
To expand business
2020/04/03Legacy Housing
Housing
Capital One
Lender
70Increases borrowing base from $45MM
2020/04/03McGrath Rentcorp
Equipment Rental
Bank of America
Admin agent
420
For working capital & capital expenditures
2020/04/03Edgewell
Personal Care Products
Bank of America
Admin agent
425
For general corporate purposes
2020/04/07Titan Machinery
Equipment Sales
Bank of America
Lender
250$185MM Floorplan Financing/$65MM Working Capital
2020/04/07Power Solutions International
Engine Manufacturing
Standard Chartered Bank
Admin agent
130Optional 60-day extension
Redeem & discharge senior notes & pay related interest
2020/04/08Securitas AB
Secruity
Commerzbank, Danske Bank, ING Bank
Lead arrangers
920.68Five-year term with possible two-year extension
2020/04/09HealthGrowth Capital
Financial Services
Old Hill Partners
Lender
10Includes an accordion feature
2020/04/14Alnylam Pharmaceuticals
Pharmaceuticals
GSO Capital Partners
Lender
750First Lien Senior Secured Term Loan
2020/04/14Darden Restaurants
Hospitality
Bank of America
Admin agent
270Matures on April 5, 2021 and can be increased by $100MM
2020/04/14Live Nation
Entertainment
JPMorgan Chase Bank
Admin agent
120Revolver
2020/04/16ArcelorMittal
Mining
BNP Paribas, Crédit Agricole, J.P. Morgan, Société Générale
Lenders
3000
For general coroporate purposes
2020/04/16Loomis
Cash Management
Danske Bank, Nordea Bank
Lenders
119.6Two-year Term Loan
For working capital & capital expenditures
2020/04/16Lignetics
Manufacturing
Fifth Third Business Capital
Admin agent
70
For acquisition of Energex & capital expansion
2020/04/16Q4
Investor Relations Services
CIBC Innovation Banking
Lender
25
For scaling of team, tech platform & growth
2020/04/16Comfort Research
Furniture
Fifth Third Business Capital
Lender
15.828
To refinance existing debt & working capital
2020/04/17Dana Incorporated
Transportation Equipment
Citibank
Joint lead arranger
500Bridge facility with 364-day term
To provide access to additional liquidity
2020/04/20U.S. Concrete
Construction Materials
Bank of America
Admin agent
180Term Loan
To provide additional liquidity
2020/04/20Eros International
Entertainment
JPMorgan
Admin agent
350
For merger with STX Entertainment
2020/04/20Fnac Darty
Retail
Crédit Agricole
Coordinating lender
542.69Guaranteed up to 70% by the French State
2020/04/21CURO Group
Financial Services
Atalaya Capital Management
Lender
100Revolver
2020/04/21Save-A-Lot
Grocery
Wingspire Capital
Lender
40Part of a $150MM revolving line of credit
To repay existing debt & support operations
2020/04/21Crown & Caliber
e-Commerce
Second Avenue Capital
Lender
17
For growth & working capital
2020/04/21Office Depot
Office Supplies
JPMorgan Chase Bank
Admin agent
1300$1.2B Revolver/$100MM FILO Facility
2020/04/21Freshpet
Pet Supplies
City National Bank
Admin agent
165$130MM Delayed Draw Term Loan/$35MM Revolver
2020/04/22Everi
Gaming
Jefferies Finance
Admin agent
125Term Loan
To provide liquidity & financial flexibility
2020/04/22Strategic Wireless
Telecom Investment
Texas Capital Bank
Lender
75Includes an accordion
2020/04/23Beyond Meat
Food
JPMorgan Chase, SVB
Joint lead arrangers
150Revolver with five-year maturity; Up to w/ $200MM accordion
2020/04/23Senseonics
Medical Tech
Highbridge Capital Management
Lender
20Term Loan
2020/04/24Wereldhave
Real Estate
ABN AMRO
Lender
107.91Green Revolver
2020/04/27Liberty Steel Products
Metal Processing
Huntington Business Credit
Lender
65.2
To refinance existing debt & working capital
2020/04/27Ryder System
Truck Rental
MUFG Bank
Facility agent
300364-day renewal of a eceivable-backed financing facility
Mizuho Bank is a participating lender
2020/04/27US Foods
Food Supply
Citigroup, Bank of America
Lenders
700Term Loan
Supports Smart Foodservice acquisition
2020/04/28FINCA Impact Finance
Microfinance
Calvert Impact Capital
Lender
15Revolver with five-year tenor
Working capital & long-term investments
2020/05/01The Marcus Corporation
Entertainment/Hospitality
JPMorgan Chase Bank
Admin agent
90.8New 364-day Senior Term Loan
To repay existing facility, pay costs & general corporate purposes
2020/05/01Dillard's
Retail
J.P. Morgan
Lender
800Senior Unsecured Revolving Credit Facility now secured by inventory
2020/05/05Watkins Incorporated
Food Extracts
Huntington Business Credit
Lender
22.5
To refinance existing debt & for working capital
2020/05/05Duluth
Apparel
BMO Harris Bank
Admin agent
20.5Delayed Draw Term Loan/Part of $150MM Credit Facility
2020/05/05Hersha Hospitality Trust
Hospitality
Citibank
Admin agent
100Amendment to $250MM Revolver
2020/05/07Freepoint Commodities
Commodities
BNP Paribas
Admin agent
2565Revolver with $600MM accordion feature
2020/05/07Digital Colony
Infrastructure Investment
TD Securities
Admin agent
180.58Inclues First Lien Term Loan and Revolver
Supports recap of Beanfield Metroconnect
2020/05/08Chatham Lodging Trust
Real Estate
Barclays
Lender
250Amendment to $250MM Revolver
2020/05/08Air 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
2020/05/11Global Clean Energy Acquisition
Energy
Orion Energy Partners
Admin agent
365$365MM Credit Facilitiy/$65MM Credit Facility
Supports acquisition of Alon Bakersfield Properties
2020/05/11Blue Bird
School Buses
Bank of Montreal
Admin agent
41.9Amendment to $100MM Revolver
For working capital & general corporate purposes
2020/05/11Advance Electric Supply Company
Electrical Parts
Huntington Business Credit
Lender
21.815
To refinance existing debt, finance acquisition of real estate, provide working capital