ABL Deal Chart 2020 Q4

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 10/01/20 through 12/31/20. All dollar amounts are in millions.

DATE	BORROWER/INDUSTRY	LENDER/ROLE	AMOUNT	STRUCTURE/NOTES
2020/10/01	Skillsoft Software	CIT Lender	75	Revolver To support continuing business operations and growth objectives
2020/10/01	Specialty Dental Brands Healthcare	Oxford Finance Admin agent	74	To fund add-on acquisitions, for general working capital and to refinance existing debt
2020/10/01	Mastech Digital IT	PNC Lender	47.5	$30MM revolver/$17.5MM term loan Increase to previous facility
2020/10/02	iLOOKABOUT Real Estate Tech	Bank of Montreal Lender	4	Two term loans serving as expansion to existing facility To support acquisition of Apex
2020/10/02	Ingenio Brand Support	Tree Line Capital Partners Admin agent	127.3	Increase to existing term loan To support add-on acquisition
2020/10/02	Clarivate Analytics	Bank of America Admin agent	1600	Term loan To fund repayment of debt of recently acquired CPA Global
2020/10/06	Kosmos Energy Energy	Beal Bank and Trafigura Trading Lenders	200	Term Loan with accordion feature to $300MM
2020/10/07	Spirit AeroSystems Aerostructures	Bank of America Admin agent	400	Term loan For general corporate purposes
2020/10/07	The Children’s Place Retail	Crystal Financial Lender	80	Term loan To repay borrowings under a previous facility
2020/10/07	Gerald Group Commodity Trading	ING Capital Admin agent	240	Renewal of facility
2020/10/07	Canadian Solar Energy	Sumitomo Mitsui Banking Lead arranger	94	$67MM senior loan/$15MM letter of credit/$12MM VAT facility
2020/10/12	Zaloni Software	Espresso Capital Lender	6	To expand sales team, invest in DataOps software platform and drive revenue growth
2020/10/12	Akorn Pharmaceuticals Pharmaceuticals
	MidCap Financial "	160	Revolver To refinance previous facility as part of Chapter 11 emergence
2020/10/12	Golden Star Resources Mining	Macquarie Bank	70	Upsize of previous facility
2020/10/13	FreightCar America Railcar Manufacturing	Siena Lending Grou Lender	20	Replaces and existing facility
2020/10/14	Saadia Group Brand Support	White Oak Commercial Finance Lender	25	For the acquisition of two brands from RTW Retailwinds
2020/10/14	Conifex Timber Lumber	Wells Fargo Capital Finance Canada Lender	10	Revolver For working capital, capital expenditures and other corporate purposes
2020/10/16	Mobilitie Telecom Infrastructure	CIT Lender	400	Expansion of existing facility
2020/10/16	Leahy Institutional Foods Food Products	Huntington Business Credit Lender	22	To refinance existing debt and provide ongoing working capital growth financing
2020/10/16	Millicom Telecommunications	The Bank of Nova Scotia Admin agent	600	ESG-linked revolver To refinance existing multi-currency revolving credit facility and for general corporate purposes
2020/10/16	Southern Ag Carriers Transportation	Fifth Third Business Capital Lender	9	For company's recapitalization
2020/10/16	Seaspan Containerships	Société Générale and BNP Paribas Lead arrangers	200	Term loan Increases portfolio financing program to $1.8B
2020/10/19	SUMR Brands Baby Products	Bank of America	50	$40MM ABL/$7.5MM term loan/$2.5MM FILO loan
2020/10/20	PAE Government Services	Bank of America Securities, Citizens Bank, Morgan Stanley Senior Funding, Stifel Nicolaus,Truist Securities Lead arrangers	1065	$740MM term loan/$175MM revolver/$150MM delayed draw term loan To repay existing facilities and for general corporate, M&A and transaction purposes
2020/10/20	Essent Group Insurance	JPMorgan, Bank of America Securities, RBC Capital Markets Lead arrangers	625	Increases from $500MM
2020/10/21	Rubies II Retail	Wingspire Capital Agent	100	$80MM senior facility co-led with Ares Commercial Finance/$20MM second lien facility provided by Atalaya To purchase assets of Rubie’s Costume Company via a Chapter 11 363 sale and for working capital purposes
2020/10/21	Quest Resource Holding Corporation Recycling	Monroe Capital Admin agent	11.5	To support the acquisition of Green Remedies Waste
2020/10/21	Virginia Explosives & Drilling Company Drilling	Great Rock Capital Lender	16	Includes a term loan and revolver
2020/10/22	MSTS Payments	CIT Joint lead arranger	175
2020/10/23	APi Group Business Services	Citigroup Joint lead arranger	250	Term loan U.S. Bank, Barclays, Bank of America Securities, UBS Securities also served as joint lead arrangers
2020/10/23	Vapotherm Medical Tech	CIBC Lender	52	$40MM term loan/$12MM revolver To repay existing revolver and term loan
2020/10/26	Manchester Financial Group Real Estate	Brevet Capital Lender	212	Term loan Finance costs of U.S. Navy Region Southwest HQ
2020/10/28	Lumen Technologies Technology	CoBank ACB Lender	215	Term loan/Upsize from $100MM For Qwest Corporation, an indirect wholly-owned subsidiary of Lumen
2020/10/28	Marketlend Trade Credit	Crayhill Capital Management Lender	100	To assist with liquidity and cash flow management to global companies
2020/10/29	Paragon Steel Enterprises Steel Processing	Huntington Business Credit Lender	23	To refinance existing indebtedness, provide funds for plant expansion and for ongoing working capital
2020/10/29	Franchise Group Retail	Wingspire Capital Lender	60	To refinance existing ABL credit facility and to support portfolio of retail franchises
2020/10/30	DB Energy Assets Energy	Santander Bank Lender	50	Revolver To support acquisition of an operating energy facility in Delaware
2020/11/02	Helios Technologies Industrial Technology	PNC Lender	900	$400MM revolver/$200MM term loan/$300MM accordion To repay existing credit facilities and for working capital, general corporate and acquisition purposes
2020/11/02	ARC Group Advertising	Fifth Third Business Capital Lender	14.8	Senior credit facility
2020/11/02	ProntoForms Software	TD Bank Lender	4.52	Revolver To settle obligations to BDC Capital
2020/11/06	Core Molding Technologies Manufacturing	Wells Fargo, FGI Equipment Finance Lenders	56.7	$31.7MM term loan/$25MM revolver Partially to repay existing credit facility and pay transaction fees
2020/11/09	Converge Technology Solutions IT	CIBC Lender	140	Revolver
2020/11/09	Vireo Health Cannabis	Green Ivy Capital Lender	46	Term loan To support working capital, organic growth and acquisition opportunities
2020/11/10	Novocure Pharmaceuticals	JPMorgan Chase Admin agent	150	Revolver
2020/11/11	Tilly’s Retail	Wells Fargo Lender	65
2020/11/11	Vaquero Midstream Oil & Gas	BOK Financial Lender	200	Revolver For general corporate purposes
2020/11/11	Organic Remedies Cannabis	Advanced Flower Capital Admin agent	22	To complete the build out of Organic Remedies’ cultivation and processing facility
2020/11/11	Universal Metals Metals	Context Business Lending Lender	20	Revolving line of credit
2020/11/13	J.D. Pizza Restaurant Franchise	Sterling National Bank Lender	7.55	To refinance existing debt and support growth
2020/11/13	Estyle Holdings Personal Care Products	CIT Lead arranger	70	Revolver, delayed draw term loan and term loan To support recapitalization by Clarion Capital Partners
2020/11/13	True Religion Apparel	Crystal Financial Lender	27.5	To refinance emergence from Chapter 11
2020/11/16	Pace Industries Die Casting	Ares Commercial Finance Lender	100	Revolving line of credit To refinance existing revolving line of credit and for working capital
2020/11/17	Yello Software	CIBC Innovation Banking Lender	15	To support growth
2020/11/18	Covis Pharmaceuticals	Capital One Admin agent	960	$485MM upsize To support acquisition of AMAG Pharmaceuticals
2020/11/19	Christmas Tree Shops Retail	Pathlight Capital Admin agent	180	To finance acquisition by Handil Holdings and provide working capital
2020/11/19	Taronis Fuels Energy	Tech Capital Lender	10	Revolving line of credit
2020/11/20	Alliance Funding Group Specialty Finance	CIBC Bank Lender	60	Revolver
2020/11/23	Dallas Plastics Manufacturing	CVC Credit Partners Lender	60	First lien loan To support Sole Source Capital‘s acquisition of Dallas Plastics
2020/11/23	Zype Software	Espresso Capital Lender	7.5	To accelerate its go-to-market strategy
2020/11/23	Spokane Industries Manufacturing	Gibraltar Business Capital Lender	5.5	Asset-based loan
2020/11/24	Gunvor USA Commodity Trading	Rabobank Admin agent	1100	Borrowing base credit facility To refinance existing facility, provide working capital and fund general corporate purposes
2020/11/25"	Digerati Technologies Cloud Services	Post Road Group Lender	20	For recent acquisitions and to refinance debt
2020/11/25	TriStruX Telecommunications	Hunter Street Partners, Five Crowns Credit Partners Lender	14.25	Increase to senior secured term loan To finance the acquisition of High Point Utilities
2020/11/25	Mercuria Commodity Trading	Societe Generale, MUFG, Natixis, Rabobank, ING Capital Joint lead arrangers	1700	One-year senior secured borrowing base revolver To finance working capital needs
2020/12/01	Mothercare Retail	Gordon Brothers Lender	25.9	Term loan
2020/12/01	BNY Mellon High Yield Strategies Fund Investment Management	BNP Paribas Lender	125	Replaces previous facility
2020/12/01	Goodfood Market Grocery	Desjardins Capital Markets, Investissement Québec Lenders	46	$27.5MM revolver/$12.5MM term loan/$6MM short-term financing To support growth and refinance existing credit facilities and for general corporate purposes
2020/12/02	One Call Corporation Workers' Comp	CIT Lender	75	Senior secured asset-based credit facility For general corporate purposes and business development
2020/12/02	RxSight Eye Care	Oxford Finance Lender	60	Term loan For general working capital
2020/12/02	Health-Ade Beverages	Bridge Bank Lender	25	To support growth and expansion initiatives
2020/12/02	Kingswood Capital Management Private Equity	Callodine Commercial Finance Lender	20	To support acquisition of MEC
2020/12/03	HBC Retail and Real Estate	Pathlight Capital Lender	150	Term loan To provide additional support for growth and general working capital
2020/12/03	MDA Capital Group Healthcare	Oxford Finance Lender	44.6	Senior credit facility and revolving line of credit For the acquisition of five skilled nursing facilities
2020/12/03	Laurel Grocery Grocery	CIT Northbridge Credit Lead arranger	20	Senior secured facility To repay debt, finance growth and support operations
2020/12/03	Upstrem Liquidations	Pacific Mercantile Bank Lender	8	Upstrem was referred to Pacific Mercantile Bank by Corbel Capital Partners
2020/12/04	Southern States Cooperative Farm Supplies	Crystal Financial Lender	60	Term loan To support a transaction between Southern States and GROWMARK
2020/12/04	Luna Innovations Optical Tech	PNC Lender	27.5	$15MM revolver/$12.5MM term loan To fund Luna’s acquisition of OptaSense Holdings
2020/12/04	KMS Wholesale	CIT Agent	25	Revolver
2020/12/04	Pelican Energy Partners Private Equity	Siena Lending Group Lender	25	Revolving line of credit To support acquisition of Vault Pressure Control
2020/12/04	Kraton Chemical Manufacturing	Bank of America Admin agent	50	Revolver/Includes $100MM uncommitted accordion feature Increase to existing facility
2020/12/07	BlastOne International Equipment	Fifth Third Business Capital Lender	8.5	Senior credit facility
2020/12/07	Willamette Falls Paper Company Paper	Gibraltar Business Capital Lender	7.5	Asset-based loan
2020/12/08	Lannett Company Pharmaceuticals	Wells Fargo Lender	30	Revolver Replaces a previous facility
2020/12/09	Holtec International Technology	Santander Bank Lender	100
2020/12/09	Zippy Shell Storage	PNC Bank Lender	65	First lien ABL Secured for Zippy Shell by Westlake Securities
2020/12/10	Venus Concept Medical Tech	City National Bank of Florida Lender	50	Term loan To pay portion of existing revolving line of credit
2020/12/10	REACH Healthcare	Oxford Finance Lender	7.4	Senior credit facility and revolving line of credit For working capital and facility acquisition purposes
2020/12/11	LMP Automotive Holdings e-Commerce	Truist Securities Lead arranger	660	Syndicated credit facilities
2020/12/11	Ahold Delhaize Retail	ABN AMRO and Société Générale Coordinators	1200	Sustainability-linked revolver
2020/12/11	Uniti Group Wireless Infrastructure	Bank of America Left lead arranger	500	Upsize of revolver
2020/12/11	Runway Growth Fund Venture Debt	KeyBank Admin agent	215	Expansion of revolver
2020/12/14	CytoSorbents Corporation Healthcare	Bridge Bank Lender	15	Term loan
2020/12/14	Greenpac Mill Manufacturing	Wells Fargo, Manufacturers and Traders Trust Company, Merrill Lynch Lead arrangers	125	$75MM term loan and $50MM revolver
2020/12/15	Curate Partners Consulting	Eastern Bank Lender	7.5	For working capital purposes
2020/12/15	TravelCenters of America Truck Stops	Citigroup Global Markets Joint Lead Arranger	200	Term loan BofA, PNC, U.S. Bank and Wells Fargo also served as joint lead arrangers
2020/12/15	TriplePoint Venture Growth Financial Services	Deutsche Bank Admin agent	325	$25MM expansion to existing revolver
2020/12/16	KNOT Offshore Partners Tankers	Shinsei Bank Lender	25	Revolver
2020/12/16	Smart Employee Benefits Data Processing	Great Rock Capital Lender	12.2	Revolver To support growth and refinance an existing facility
2020/12/17	Klépierre REIT	Barclays Documentation agent	1700	Sustainability-linked revolver Syndicate of 19 banks participated
2020/12/17	ScanSource Technology	FGI Lender	40	For ScanSource's former European business
2020/12/17	Basic Fun! Consumer Products	Crystal Financial Lender	40	$20MM revolving line of credit/$20MM term loan To refinance existing debt and support growth
2020/12/18	Exela Technologies Business Process Automation	Angelo Gordon Lender	145	Term loan
2020/12/18	QIAGEN Medical Tech	Deutsche Bank Documentation agent	400	Sustainability-linked revolver For general corporate purposes
2020/12/18	Hotwire Communications Internet	BHI Lender	15
2020/12/21	Consumer Portfolio Services Specialty Finance	Citibank Lender	100	Revolver
2020/12/21	Victoria Gold Mining	Bank of Montreal Admin agent	200	$100MM revolver/$100MM term loan To repay outstanding project finance facility and for general corporate purposes
2020/12/21	TEAM Payroll	Atlantic Park Lender	250	Term loan For general corporate purposes and to repay existing facility, repurchase notes and pay fees
2020/12/21	TEAM Payroll	Citibank Lender	150	ABL For general corporate purposes and to repay existing facility, repurchase notes and pay fees
2020/12/21	Williams Industrial Services Support Services	PNC Lender	30	Revolver
2020/12/21	Williams Industrial Services Support Services	EIP, CION, CrowdOut Capital Lenders	50	$35MM term loan/$15MM delayed draw term loan
2020/12/21	HB&G Building Products Construction	Fifth Third Business Capital Lender	8	Revolver
2020/12/22	The Miller Company Scrap Metal	Huntington Business Credit Lender	15	To support acquisition by Deutsche Invest Capital Partners and to provide working capital growth financing
2020/12/23	Battle North Gold Mining	Macquarie Bank Lender	40	To fund the construction of the Bateman Gold Project
2020/12/23	Sunpin Solar Solar Energy	Crayhill Capital Management Lender	50	Revolver To finance capital expenditures
2020/12/23	Harvard Bioscience Medical Manufacturing	Citizens Bank Admin agent	65	$40MM term loan/$25MM revolver To refinance existing debt
2020/12/23	Harvest Partners Private Equity	Antares Capital Admin agent	1400	To support Harvest Partners’ investment in Galway Insurance Holdings
2020/12/28	Empire Holdings and Investments Fitness	Kennedy Lewis Investment Management Lender	100	Senior secured first lien delayed draw term loan
2020/12/28	North Mill Equipment Finance Specialty Finance	Deutsche Bank Lender	125	To support originations
2020/12/28	North Mill Equipment Finance Specialty Finance	Truist Bank Lender	50
2020/12/29	Elk Lighting Lighting Fixtures	Huntington Business Credit Lender	24	To refinance existing debt and support working capital growth financing.
2020/12/30	Ashford Hospitality Trust REIT	Oaktree Capital Management Lender	200	Term loan with option for $150MM upsize To strengthen balance sheet, increase liquidity and for general corporate purposes

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ABL Deal Chart 2020 Q4