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

DATEBORROWER/INDUSTRYLENDER/ROLEAMOUNTSTRUCTURE/NOTES
2020/10/01Skillsoft
Software
CIT
Lender
75Revolver
To support continuing business operations and growth objectives
2020/10/01Specialty Dental Brands
Healthcare
Oxford Finance
Admin agent
74
To fund add-on acquisitions, for general working capital and to refinance existing debt
2020/10/01Mastech Digital
IT
PNC
Lender
47.5$30MM revolver/$17.5MM term loan
Increase to previous facility
2020/10/02iLOOKABOUT
Real Estate Tech
Bank of Montreal
Lender
4Two term loans serving as expansion to existing facility
To support acquisition of Apex
2020/10/02Ingenio
Brand Support
Tree Line Capital Partners
Admin agent
127.3Increase to existing term loan
To support add-on acquisition
2020/10/02Clarivate
Analytics
Bank of America
Admin agent
1600Term loan
To fund repayment of debt of recently acquired CPA Global
2020/10/06Kosmos Energy
Energy
Beal Bank and Trafigura Trading
Lenders
200Term Loan with accordion feature to $300MM
2020/10/07Spirit AeroSystems
Aerostructures
Bank of America
Admin agent
400Term loan
For general corporate purposes
2020/10/07The Children’s Place
Retail
Crystal Financial
Lender
80Term loan
To repay borrowings under a previous facility
2020/10/07Gerald Group
Commodity Trading
ING Capital
Admin agent
240
Renewal of facility
2020/10/07Canadian Solar
Energy
Sumitomo Mitsui Banking
Lead arranger
94$67MM senior loan/$15MM letter of credit/$12MM VAT facility
2020/10/12Zaloni
Software
Espresso Capital
Lender
6
To expand sales team, invest in DataOps software platform and drive revenue growth
,MidCap Financial
"
160Revolver
To refinance previous facility as part of Chapter 11 emergence
2020/10/12Golden Star Resources
Mining
Macquarie Bank
70Upsize of previous facility
2020/10/13FreightCar America
Railcar Manufacturing
Siena Lending Grou
Lender
20
Replaces and existing facility
2020/10/14Saadia Group
Brand Support
White Oak Commercial Finance
Lender
25
For the acquisition of two brands from RTW Retailwinds
2020/10/14Conifex Timber
Lumber
Wells Fargo Capital Finance Canada
Lender
10Revolver
For working capital, capital expenditures and other corporate purposes
2020/10/16Mobilitie
Telecom Infrastructure
CIT
Lender
400Expansion of existing facility
2020/10/16Leahy Institutional Foods
Food Products
Huntington Business Credit
Lender
22
To refinance existing debt and provide ongoing working capital growth financing
2020/10/16Millicom
Telecommunications
The Bank of Nova Scotia
Admin agent
600ESG-linked revolver
To refinance existing multi-currency revolving credit facility and for general corporate purposes
2020/10/16Southern Ag Carriers
Transportation
Fifth Third Business Capital
Lender
9
For company's recapitalization
2020/10/16Seaspan
Containerships
Société Générale and BNP Paribas
Lead arrangers
200Term loan
Increases portfolio financing program to $1.8B
2020/10/19SUMR Brands
Baby Products
Bank of America
50$40MM ABL/$7.5MM term loan/$2.5MM FILO loan
2020/10/20PAE
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
2020/10/20Essent Group
Insurance
JPMorgan, Bank of America Securities, RBC Capital Markets
Lead arrangers
625Increases from $500MM