Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 7/01/20 through 9/30/20.

DATEBORROWER/INDUSTRYLENDER/ROLEAMOUNTSTRUCTURE/NOTES
2020/07/01Cardtronics
Finance
JPMorgan Chase
Admin agent
500Term Loan
To repay outstanding borrowings under revolving credit facility, retire outstanding convertible notes due December 2020 and for working capital and general corporate purposes
2020/07/01Home Trust Company
Mortgage Lending
BMO, Royal Bank of Canada
Lenders
500Committed standby secured funding facility
2020/07/01Neenah
Paper Products
J.P. Morgan, BMO, Goldman Sachs
Lead arrangers
200Term Loan
2020/07/01Horizon North Logistics
Support Services
Scotiabank
Lender
175Increase to facility of $25MM
2020/07/02WillScot
Mobile Storage
Bank of America
Admin agent
2400Revolver
To support merger with Mobile Mini
2020/07/02Scott’s Liquid Gold
Personal Care
UMB
Lender
10$7MM Line of Credit/$3MM Term Loan
In conjunction with acquisition of Biz and Dryel
2020/07/07ProSight
Insurance
SunTrust, Citizens, Regions, KeyBank
Lead arrangers
65Revolver
2020/07/08KBR
Energy
Bank of America
Admin agent
1000Converted $500MM PLOC capacity to Revolver
2020/07/08Pear Therapeutics
Digital Medicine
Perceptive Advisors
Lender
50
For working capital, repayment of existing debt, general corporate purposes
2020/07/08Verano Holdings
Cannabis
Green Ivy Capital
Lender
30
To support working capital, organic growth, acquisitions.
2020/07/08Hunt & Sons
Petroleum Products
White Oak Commercial Finance
Lender
75Upsize of $6MM
To support regional acquisitions
2020/07/09Medalist Partners
Investment Management
Breakout Capital
Lender
20$10MM extension to current Term Loan/$10MM new Term Loan
2020/07/10Altruista Health
Health Management
Comvest Credit Partners
Admin agent
41.6
To refinance certain existing debt and for growth
2020/07/10Birks Group
Jewelry
Investissement Québec
Lender
7.35Subordinated Secured Term Loan
For working capital
2020/07/13Suominen
Manufacturing
Danske Bank, Nordea
Lenders
113.31Revolver
Replaces exisiting facility
2020/07/14Metal Era
Scrap Metal
Antares
Lead arranger
65
To support acquisition by GreyLion Capital
2020/07/14Midwest Iron and Metal Company
Scrap Metal
Huntington Business Credit
Lender
10.5
To refinance existing debt and for working capital growth financing
2020/07/15Mersino Management
Pumping Services
Great Rock Capital
Lender
40Upsize of $5.1MM
2020/07/15Nasuni
Cloud Storage
Silicon Valley Bank
Lender
15
To fund acquisitions and other strategic projects
2020/07/16Europa Sports Products
Nutrition
CIT Northbridge Credit
Lead arranger
40
2020/07/17Amicus Therapeutics
Pharmaceuticals
Hayfin Capital Management
Lender
400
To refinance existing debt and for general corporate and product development purposes
2020/07/21Arhaus
Furniture Retail
Wingspire Capital
Lender
30Senior Secured Loan
To replace a previous debt instrument and fund day-to-day financial needs
2020/07/21Better Choice
Pet Supplies
Citizens Business Bank
Lender
7.5Revolver
To support future growth initiatives
2020/07/23Pyxus International
Agriculture
Sound Point Capital
Lender
75Revolver
In conjunction with a plan or reorganization
2020/07/23OneWater Marine
Boat Retail
Truist Bank
Admin agent
110Features a $50MM accordion
2020/07/24Westport Fuel Systems
Fuel Delivery
Export Development Canada
Lender
10
2020/07/29Steve Madden
Retail
Citizens Commercial Banking
Lead left arranger
150Revolver
2020/08/03Noble Corporation
Offshore Drilling
JPMorgan Chase
Admin agent
675Revolver
Part of Noble Corporation’s restructuring