Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 1/01/21 through 3/31/21.
| DATE | BORROWER/INDUSTRY | LENDER/ROLE | AMOUNT | STRUCTURE/NOTES |
|---|---|---|---|---|
| 2021/01/04 | Greenbrook TMS Medical Tech |
Oxford Finance Lender |
30 | $15MM term loan and up to $15MM in delayed-draw term loans |
| 2021/01/04 | America’s Car-Mart Car Sales |
BOK Financial, Wells Fargo Co-syndication agents |
326 | Line of credit upsized from $241MM |
| 2021/01/04 | Covia Mineral Solutions |
PNC Lender |
135 | Part of Covia's emergence from Chapter 11 |
| 2021/01/04 | AssetMark Asset Management |
BMO Admin agent |
250 | Revolver To retire existing term loan |
| 2021/01/05 | Landec Corporation Health and Wellness |
BMO Lender |
75 | Line of credit |
| 2021/01/05 | Tuesday Morning Retail |
J.P. Morgan, Wells Fargo, Bank of America Lenders |
110 | Part of Tuesday Morning's emergence from Chapter 11 |
| 2021/01/06 | Avid Media Tech |
JPMorgan Chase Admin agent |
250 | $180MM term loan/$70MM revolver To repay outstanding borrowings under previous facility |
| 2021/01/06 | Orion Energy Systems Lighting |
Bank of America Lender |
25 | Revolver Replaces previous facility with Western Alliance Bank |
| 2021/01/07 | NextWave Wireless Spectrum Holdings |
Canyon Partners Lender |
200 | Term loan To retire existing debt and for operational funding |
| 2021/01/11 | Affimed Biopharmaceuticals |
Silicon Valley Bank Lender |
30.42 | Term loans To fund research and development expenses and for working capital purposes |
| 2021/01/12 | Better Choice Company Pet Products |
Wintrust Financial Lender |
12 | Long-term credit facility To refinance existing debt |