ABL Deal Chart 2021 Q1

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
2021/01/13	DocuSign Software	Bank of America Admin agent	500	Revolver with $250MM accordion
2021/01/13	Polder Products Houseware Products	Fifth Third Business Capital Lender	10	Revolver
2021/01/13	Concordance Healthcare Solutions Healthcare	Huntington Business Credit Admin agent	250	To refinance existing indebtedness and to provide ongoing working capital growth financing
2021/01/14	Specialty Dental Brands Dental Services	Oxford Finance Lender	107	Upsize of previous facility
2021/01/15	Good Times Restaurants Restaurants	Cadence Bank Lender	11	Expansion of previous facility Maturity extended to January 2023
2021/01/15	Coast to Coast Equipment Equipment Sales	Great Rock Capital Lender	15	To refinance existing loan and provide liquidity
2021/01/15	Tarrytown Expocare Pharmacy	Oxford Finance Lender	122	To finance an add-on acquisition
2021/01/19	InfoCision Telemarketing	Huntington Business Credit Lender	17.5	To refinance existing debt and provide working capital
2021/01/19	Seamax Shipping Containerships	CIT Lead arranger	56	Secured by four containerships
2021/01/19	Mountaingate Capital Private Equity	Abacus Finance Group Admin agent	26.3	To support the leveraged buyout of BioDerm
2021/01/20	Synalloy Corporation Manufacturing	BMO Harris Lender	150	Revolver
2021/01/20	CoreCentric Solutions Appliance Repair	Concord Financial Advisors Arranger	6	Revolver
2021/01/21	Utz Brands Snack Foods	Bank of America Admin agent	720	Term loan To repay a bridge loan and to refinance a previous term loan
2021/01/21	Vantage Mobility International Van Manufacturer	Wingspire Capital Lender	50	Revolver To finance inventory and fund working capital cycle
2021/01/21	Qumu Corporation Video Tech	Wells Fargo Lender	10	Revolver
2021/01/21	Ice Air HVAC Manufacturing	Sterling National Bank Lender	8.5	To refinance existing debt and provide working capital
2021/01/25	Kent Water Sports Action Sports	Huntington Business Credit Lender	50	To support acquisition by Seawall Capital and for working capital growth financing
2021/01/25	Byrna Technologies Security Equipment	Needham Bank Lender	6.5	$5MM revolver/$1.5MM equipment line For general corporate and working capital purposes
2021/01/26	Rocky Brands Outdoor Apparel	Bank of America Lender	80	To support acquisition of the performance and lifestyle footwear business of Honeywell International
2021/01/26	Rocky Brands Outdoor Apparel	TCW Asset Management Lender	130	Term loan To support acquisition of the performance and lifestyle footwear business of Honeywell International
2021/01/26	Phobio Software	Fifth Third Business Capital Lender	25	Revolver
2021/01/27	Maxim Healthcare Healthcare	Capital One Admin agent	200
2021/01/29	Dave Financial Services	Victory Park Capital Lender	100	To support growth
2021/02/02	Commercial Equipment Finance Financial Services	KeyBank Specialty Finance Lending Lender	35	Non-recourse revolving line of credit with accordion feature
2021/02/02	Hardin Holdings Industrial Services	Fifth Third Business Capital Lender	13.8	Revolver
2021/02/02	francesca’s Retail	Tiger Capital Group, SB360 Capital Group, Second Avenue Capital Partners Lenders	25	Revolver Part of asset sale
2021/02/03	Averhealth Drug Testing	Oxford Finance Lender	47	For general working capital, to refinance debt and for acquisitions
2021/02/03	Challenge Manufacturing Manufacturing	WhiteHawk Capital Partners Lender	100	Term loan For debt refinancing and additional liquidity
2021/02/03	iEnergizer Technology Services	CIT Co-lead arranger	165	$150MM term loan/$15MM revolver To refinance debt and fund a dividend to shareholders
2021/02/04	Builders FirstSource Construction	Truist Bank Admin agent	1400	Revolver increased from $900MM For working capital, general corporate purposes and growth initiatives
2021/02/04	Prosper Life Care Healthcare	Oxford Finance Lender	23.5	Senior credit facility and revolving line of credit For the acquisition of two facilities
2021/02/05	Bridgestone Tires	SMBC Lender	1100	Sustainability-linked credit facility
2021/02/05	NGL Energy Partners Energy	JPMorgan Chase Admin agent	500	Revolver To refinance existing debt
2021/02/05	REPAY Fintech	Truist Bank Admin agent	125	Revolver Replaces prior facility
2021/02/08	Sixth Street Specialty Lending Financial Services	Truist Securities, JPMorgan, MUFG Union Bank Lead arrangers	1485	Revolver upsize
2021/02/09	GNS North America Metal Stamping	Huntington Business Credit Lender	30	To refinance existing indebtedness and for working capital
2021/02/09	AECOM Infrastructure Consulting	Bank of America Admin agent	1397	$1.15B revolver/$247MM term loan Amendment tied to ESG goals
2021/02/09	Beyond Finance Debt Resolution	Comvest Credit Partners Admin agent	110	To refinance existing debt and for working capital
2021/02/09	KLDiscovery Software	Wilmington Trust Lender	40	Revolving credit loans Lower annual debt payments and terminate prior lending commitments
2021/02/10	SWM Performance Materials	JPMorgan Admin agent	350	Term loan Will be used to finance acquisition costs
2021/02/10	Ortho Clinical Diagnostics Healthcare	Barclays Bank Admin agent	500	$150MM increase to revolver
2021/02/10	LAGO Innovation Fund I Venture Debt	Encina Lender Finance Lender	25	To refinance fund subscription line and originate new venture debt facilities
2021/02/11	Oil States Oil & Gas	Wells Fargo Admin agent	125	Replaces existing facility
2021/02/11	Potbelly Restaurants	JPMorgan Lender	25
2021/02/12	Venture Global LNG Oil & Gas	JPMorgan, Morgan Stanley Lead arrangers	500	Term loan To fund pre-FID construction activities and for general corporate purposes
2021/02/12	Velocity Financial Financial Services	BlackRock, Oaktree Capital Management, UBS O’Connor Lenders	175	Term loan To refinance existing debt and originate new loans
2021/02/12	InfuSystem Healthcare Services	JPMorgan Chase Lead arranger	75	Revolver
2021/02/16	Golub Capital BDC Business Development Company	JPMorgan Leader	475	Revolver
2021/02/16	Lighthouse Infrastructure Fund Management	Crédit Agricole Admin agent	550	$490MM term loan/$60MM revolver To redeem outstanding notes, to repay a prior credit facility and for general corporate purposes
2021/02/16	Cora Hygiene Products	Gibraltar Business Capital Lender	5	Line of credit
2021/02/16	J. Supor & Son Trucking & Rigging Trucking	Pathway Capital Lead arranger	7	Revolver For working capital
2021/02/17	ARCA Holdings Manufacturing	Comvest Credit Partners Admin agent	95	To repay existing debt
2021/02/17	Standard Premium Finance Management Financial Services	First Horizon Business Credit Lender	35	Line of credit
2021/02/18	Goodfood Market Grocery	CIBC, Desjardins Capital Markets, Investissement Québec Lender	67	Includes $21MM upsize made up of a $15MM revolver and $6MM short-term financing
2021/02/19	Consulting Solutions Staffing	Fifth Third Business Capital Lender	25	Revolving line of credit
2021/02/23	Nice-Pak Pre-moistened wipes	Citizens Lead left arranger	325	To refinance existing debt and enhance liquidity
2021/02/24	The Pennant Group Healthcare	Truist Bank Lender	150	$75MM upsize to existing revolver For acquisitions, investments and working capital
2021/02/25	CSP Alpha Holdings Technology	ING Bank, DBS Bank Underwriters	185	$165MM term loan/$20MM revolver
2021/02/25	Calibre Scientific Life Sciences	CVC Credit Lender	57
2021/02/26	Broadmark Realty Capital Real Estate Finance	JPMorgan Admin agent	135	Revolver
2021/02/26	TRADE X Automotive Trading	Finitive Lender	50	Revolving LOC with $100MM accordion
2021/02/26	Big 5 Sporting Goods Retail	Bank of America Admin agent	150	Revolver
2021/02/26	Atlas Technical Consultants Infrastructure Solutions	Blackstone Credit Lender	507	$432MM long-term loan/$75MM delayed draw term loan Part of recapitalization
2021/02/26	Atlas Technical Consultants Infrastructure Solutions	JPMorgan Lender	40	Revolver Part of recapitalization
2021/03/01	Rawlings Sporting Goods Sporting Goods	Ares Commercial Finance Lender	100	Revolving line of credit To support the acquisition of Easton Diamond Sports
2021/03/03	Alterna Capital Solutions Financial Services	Wells Fargo Capital Finance Lender	110	Line increased by $30MM
2021/03/03	Liquidia Corporation Pharmaceuticals	Silicon Valley Bank Lender	20.5	Three tranches of term loans
2021/03/03	Winc Subscription Service	Pacific Mercantile Bank Lender	7
2021/03/04	Anthem Entertainment Media	Truist Securities Left lead arranger	400	Revolver with $150MM accordion
2021/03/04	A&M Pizza Restaurant Franchise	Sterling National Bank Lender	24.681	To refinance debt and support acquisitions
2021/03/08	Petco Pet Supplies	Citibank Admin agent	2200	$1.7B term loan/$500MM revolver
2021/03/08	Nexamp Solar Energy	MUFG Union Bank Coordinating lead arranger	440	For a portfolio of solar and energy storage assets
2021/03/11	Harsco Industrial Services	Goldman Sachs Joint lead arranger	500	Term loan Part of refinancing
2021/03/11	Daseke Transportation	JPMorgan Chase Bookrunner	400	Term loan Part of refinancing
2021/03/16	Minim Internet Services	Silicon Valley Bank Lender	13
2021/03/16	NextGen Healthcare Healthcare	JPMorgan Chase Admin agent	300	Includes $150MM accordion
2021/03/16	LPL Financial Financial Services	JPMorgan Chase Arranger	1000	Revolver upsized from $750MM To pay existing notes, fees and expenses
2021/03/16	Pointe Group Care Healthcare	Oxford Finance Lender	57.2	For working capital and to refinance debt and support acquisitions
2021/03/16	Tronox Holdings Titanium Dioxide Producer	HSBC Admin agent	1650	$1.3B term loan/$350MM revolver Part of refinancing
2021/03/16	Pisec Group America Metal Trading	BHI Lender	6
2021/03/16	Verra Mobility Technology	Bank of America Admin agent	650	For refinancing and acquisition purposes
2021/03/17	American Zinc Recycling Environmental Services	Blue Torch Finance Lender	120	Term loan
2021/03/18	Nextaff Staffing	Sterling National Bank Lender	5
2021/03/18	Churchill Downs Entertainment	JPMorgan Chase Admin agent	300	Term loan
2021/03/19	Universal Stainless & Alloy Products Metal Working	PNC Lender	120	$105MM revolver/$15MM term loan
2021/03/19	Atotech Specialty Chemicals	Goldman Sachs Admin agent	1800	$1.35B term loan/$250MM revolver/$238.53MM term loan
2021/03/22	Southern States Cooperative Retail	Ares Commercial Finance Lender	45	Revolving LOC To refinance existing facility and for working capital
2021/03/22	Digi International IoT Technology	BMO Harris Admin agent	200	Includes option to upsize by $75MM For working capital, capital expenditures, restricted payments, acquisitions, general corporate purposes
2021/03/23	Metro Group N/A	Webster Bank Lender	34	Supports acquisition of Response Electric
2021/03/23	Newtek Business Lending SBA 504 Loans	Deutsche Bank Lender	100
2021/03/24	NN Industrial Services	JPMorgan Admin agent	50	Revolver
2021/03/24	NN Industrial Services	JPMorgan Advisor	150	Term loan
2021/03/25	MayStreet Data Tech	CIBC Innovation Banking Lender	10
2021/03/29	Verra Mobility Mobility Tech	Bank of America Admin agent	650	Term loan
2021/03/29	Carpenter Technology Manufacturing	Bank of America, JPMorgan Chase Joint lead arrangers	300
2021/03/29	WildBrain Entertainment	RBC Capital Markets Lead arranger	285	Term loan
2021/03/29	WildBrain Entertainment	RBC Capital Markets Lead arranger	30	Revolver
2021/03/30	Opportunity Financial Fintech	Atalaya Capital Management Lender	50	To refinance indebtedness and provide growth capital
2021/03/30	TTEC Software	Wells Fargo Lender	1200	$300MM increase to existing facility To increase financial capacity and to support investments, acquisitions and capital distributions
2021/03/30	Navacord Insurance	TD Securities, BMO Admin agents	830	First and second lien term loans and revolver To replace previous debt and to fund M&A opportunities