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 receivable-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$300MM 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
2020/05/12Twin River Worldwide
Casinos
Citizens Bank
Admin agent
275Term Loan/Increases Existing Facility to $575MM
Supports acquisition of two casinos
2020/05/12Stenn International
Financial Services
Crayhill Capital Management
Lender
200Includes accordion feature
2020/05/12Viva5
Health
Monroe Credit Advisors
Placement agent
27.1
To facilitate partner buyout, refinance indebtedness & growth capital
2020/05/13Aligned
Infrastructure
Macquarie Infrastructure Partners
Lender
575
2020/05/14Inference Solutions
Technology
Espresso Capital
Lender
8
2020/05/14Arconic
Transportation Parts
Deutsche Bank
Admin agent
800
Replaces cash flow revolver
2020/05/18Stellus Capital Investment
Investment Management
Amegy Bank
Lender
230Amendment to Revolver
2020/05/21Sprague 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
2020/05/22MarineMax
Marine Vehicle Retail
Wells Fargo
Agent
440Amendment extends term to three years
2020/05/22Brooks Brothers
Apparel
Gordon Brothers
Lender
20Term Loan
2020/05/22Sugarbud
Cannabis
Connect First Credit Union
Lender
5
To repay existing debt facility
2020/05/27Tarkett
Flooring
BNP Paribas
Lender
192.85Short Term Revolver
2020/05/29Nature’s Medicines
Cannabis
Advanced Flower Capital
Admin agent
42
2020/06/02Diodes 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
2020/06/02IGS Resi OpCo II
Solar Energy
ING
Admin agent
146Seven-year term with $140MM Term Loan/$6MM Letter of Credit
2020/06/028minute Solar Energy
Solar Energy
CIT
Lead arranger
225
To arrange purchase power agreements and interconnection agreements
2020/06/02Silgan Holdings
Packaging
Wells Fargo
Admin agent
900Delayed Draw Term Loan
To fund acquisition of the dispensing business of the Albéa Group
2020/06/02G1 Therapeutics
Pharmaceuticals
Hercules Capital
Lender
100Available in four tranches
To fund commercialization and further development of trilaciclib
2020/06/02Spartan Delta
Oil and Gas
National Bank of Canada, ATB Financial, Canadian Western Bank
100
To help fund acquisition of Bellatrix Exploration assets
2020/06/03Groupe Renault
Automotive Manufacturing
BNP Paribas, Crédit Agricole, HSBC France, Natixis, Société Générale
Lenders
560090% guaranteed by the French State
2020/06/03Vivint Solar
Solar Energy
Bank of America
Admin agent
570$245 MM upsize to Revolving Warehouse Facility
2020/06/03Pioneer Energy Services
Oil and Gas
PNC
Admin agent
75Revolver
Part of Pioneer's emergence from bankruptcy
2020/06/04NGL Energy Partners
Energy
Apollo Global Management
Lender
250Term Loan
To refinance existing facility
2020/06/04Orscheln Farm and Home
Retail
CIT
Admin agent
185
For growth and general corporate purposes
2020/06/05VEON
Internet
Sberbank
Lender
1450Term Loan
To refinance and extend maturity of an existing loan and for general corporate purposes
2020/06/05Vbrick
Video Services
CIBC Innovation Banking
Lender
6
To accelerate growth
2020/06/09Macy's
Retail
Bank of America
Admin agent
315000Includes accordion feature for up to an additional $750MM
2020/06/09Douglas Dynamics
Manufacturing
J.P. Morgan
Admin agent
275Term Loan
2020/06/09Douglas Dynamics
Manufacturing
J.P. Morgan
Admin agent
100Revolver
2020/06/09Bright Mountain Media
Advertising
Centre Lane
Lender
15Term Loan
Supports acquisition of Wild Sky Media
2020/06/09Orion Group Holdings
Construction
Regions Bank
Lender
20Revolver
Supplements existing $50MM Revolver
2020/06/09Baudax Bio
Pharmaceuticals
Marathon Asset Management
Lender
50
2020/06/10Stock+Field
Retail
Second Avenue Capital Partners, CIT Northbridge Credit
Lenders
60
2020/06/10North Star Leasing
Equipment Finance
People’s United Bank
Lead arranger
80Four-year Revolver
2020/06/10Robinson Fans
Manufacturing
Huntington Business Credit
Lender
11.5
2020/06/11Geysers Power Company
Energy
MUFG Bank
Admin agent
1100$900MM Term Loan/$200MM Letter of Credit Facility
To repay Calpine for equity investment
2020/06/11Chimera Investment
Real Estate
Ares Management
Lender
400Three-year Secured Loan
2020/06/11GreenSky
Fintech
JP Morgan Chase
Lead arranger
75Term Loan B
2020/06/12LivaNova
Medical Tech
Ares Management
Admin agent
450Five-year term
To repay previous credit facility
2020/06/15New Look Vision Group
Eye Care
Fonds de solidarité FTQ
Lender
40
2020/06/16Save-A-Lot
Retail
Citizens Commercial Banking
Lead left arranger
150Revolver
2020/06/16WW International
Health
JPMorgan Chase Bank
Admin agent
175Revolver increase from $150MM to $175MM
2020/06/17ProSight Global
Insurance
SunTrust, Citizens Bank
Lead arrangers
165Delayed Draw Term Loan
To refinance existing indebtedness
2020/06/18Marquis Construction Services
Construction
CIT Northbridge Credit
Lead arranger
20
2020/06/19Affirm
Fintech
Ares Management
Lender
250Revolver
For growth and expansion
2020/06/19Baldwin Risk Partners
Insurance
JPMorgan
Admin agent
400$100MM increase to $300MM facility
Capital One joined the lender group
2020/06/19CPSI
Healthcare
Regions Bank
Admin agent
110$60MM inrease to $50MM facility
2020/06/22Calibre Scientific
Life Sciences
CVC Credit Partners
Lender
92Multicurrency first lien facility
To refinance an exisiting debt facility and support acquisitions
2020/06/23The Ardonagh Group
Insurance
Ares Management
Lead arranger
2340$1.97B Unitranche Loan/$374.72MM Committed CapEx Facility
For refinancing
2020/06/23Despegar
Travel
Citibank
Lender
40One-Year Term
For general corporate purposes
2020/06/23Bed Bath & Beyond
Retail
JPMorgan Chase Bank
Admin agent
850
2020/06/24Purolite
Manufacturing
Santander Bank
Lead arranger
225$175MM Term Loan/$50MM Revolver
To facilitate additional spending on capital projects and enhance liquidity
2020/06/24Armstrong Flooring
Manufacturing
Bank of America
Lead arranger
90
Amendment to previous facility
2020/06/24Armstrong Flooring
Manufacturing
Pathlight Capital
Lead arranger
70Term Loan
For business transformation and growth initiatives, working capital needs and general corporate purposes
2020/06/24TriStruX
Infrastructure
Hunter Street Partners, Five Crowns Credit Partners
Lenders
11Term Loan
2020/06/26HTG Molecular Diagnostics
Life Sciences
Silicon Valley Bank
Lender
10Term Loan
To replace existing senior credit facility
2020/06/26CITIES Market Studios
Brand Development
CIT Northbridge Credit
Lead arranger
50Revolver
2020/06/29Aspire 42
N/A
White Oak Commercial Finance
Lender
81
2020/06/30Roxgold
Mining
Societe Generale, BNP Paribas
Lenders
20Revolver