Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 1/1/23 through 3/31/23. All dollar amounts are in millions.
| DATE | BORROWER | INDUSTRY | LENDER | ROLE | AMOUNT | STRUCTURE | NOTES | SECOND NOTES |
|---|---|---|---|---|---|---|---|---|
| 1/3/23 | CytoSorbents | Medical Device Company | Bridge Bank | Lender | $5 | Non-dilutiive debt financing | ||
| 1/5/2023 | HOP Energy | Portfolio Company of Delos Capital | Crown Partners | Lender | $75 | Senior Debt Facility | ||
| 1/5/2023 | Trusted MidCo | Healthcare | MidCap Financial | Lender | $150 | Revolving Credit | ||
| 1/5/2023 | SkyWater Technology | Technology | Siena Lending Group and Great Rock Capital | Lender | $100 | Revolving Credit | Facility was jointly arranged by Siena Lending Group and Great Rock Capital | |
| 1/5/2023 | Vesta | Global Transaction Guarantee | Runway Growth Capital | Lender | $25 | Term Loan | ||
| 1/5/2023 | Host Hotels & Resorts | Wells Fargo Securties and BofA Securities | Lender | $2,500 | Revolving Credit | Also providing two $500 million term loans | ||
| 1/12/2023 | Mara Technologies | Electronic Boards and Assemblies | FrontWell Capital Partners | Lender | $18.69 | Secured Credit Facility | ||
| 1/13/2023 | Quantum Fuel Systems | Fuel Systems | Fifth Third Ban | Lender | $14.5 | Revolving Credit and Term Loan | Funding used to support working capital and capital expenditure growth | |
| 1/13/2023 | VIQ Solutions | Technology | Beedie Investments | Lender | $15 | Senior Secured Loan | ||
| 1/18/2023 | Savor Street Foods | Food Manufacturer | FrontWell Capital Partners | Lender | $7.4 | Secured Credit Facility | ||
| 1/19/2023 | Jet East | Avaiation Compnay | Great Rock Capital | Lender | $20 | Senior Secured Credit Facility | ||
| 1/19/2023 | Cascade School Supplies | Education | Cambridge Savings Bank | LEnder | $8.8 | Credit Facility Loan | ||
| 1/20/2023 | SetPoint Medical | Healthcare | Runway Growth Capital | Lender | $65 | Term Loan | provider of growth loans to venture and non venture backed companies | |
| 1/24/2023 | Alloy Capital | Cross Border Investment | Victory Park Capital | Lender | $100 | Secured Credit Facility | The facililty will enable Alloy Capital to finance the origination of structured loans in Mexico | |
| 1/24/2023 | Aypa Power | Energy Storage | Banco Santander, Investec and Nomura | Lender | $320 | Revolving Credit Facility and Letter of credit | ||
| 1/25/2023 | Fruit of the Earth | Skin Care | Armory Securities | Lender | $90 | $30 Term Loan and $60 Amended Credit Facility in the form of revolving line of credit | ||
| 1/26/2023 | Serigraph | Speciality Printer | Gibraltar Business Capital | Lender | $20 | Credit Facility Loan | ||
| 1/26/2023 | SV Labs | Portfolio | Abacus Finance Group | Lender | $50 | Senior Secured Credit Facility | SV Labs is a portfolio company of San Francisco Equity Partners | |
| 1/26/2023 | HarbourView Equity Partners | Global Investment | Fifth Third Bank | Lender | $200 | Senior Secured Credit Facility | Proceeds are earmarked to acquire music royalty assets for general corporate purposes. | |
| 1/27/2023 | APTURA Group | Consulting | Fifth Third Bank | Lender | $25 | Revolving Credit Facility | ||
| 1/27/2023 | Nautilus | Fitness Solutions | SLR Credit | Lender | $30 | Split Lien Term Loan | ||
| 1/30/2023 | Loomas AB | Cash Management | Bank of America, Danske Bank NatWest, Nordea Bank, Societe Generale | Lender | $163.4 | Revolving Credit | ||
| 1/30 /2023 | HOP Energy | Energy Storage | Mountain Ridge Capital and Great Rock Capital | Lender | $75 | Senior Secured Credit Facility | ||
| 2/1/2023 | SolaREIT | Solar Real Estate | Atlantic Union Bank | Lender | $15 | Revolving Credit Facility | The credit facility will allow the company to aggregate land and leases under community solar projects prior to placing them into a securitization facility. | |
| 2/1/2023 | Kewaunee Scientific Corporation | Furniture Manufacurer | MidCap Financial | Lender | $15 | Revoloving Credit Facility | ||
| 2/9/2023 | Ignite Media Group | Performance Marketing | SLR Digital Finance | LEnder | $5 | Credit Facility Loan | ||
| 2/9/2023 | Bowlero | Bowling Centers | JP Morgan Securities, Wells Fargo Securties, Credit Suisse Securites, and Deutsche Bank Securties | Deal Managers | $900 | Term Loan | ||
| 2/10/2023 | Converge Technology | Software-enabled IT | J.P. Morgan and CIBC | Lender | $100 | Revolving Credit Facility | Increased its $500 million global revolving credit facility to $600 million under its accordion feature | |
| 2/10/2023 | Madison Reed | Hair Color for Women | Runway Growth Capital | Lender | $50 | Senior Secured Term Loan | ||
| 2/14/2023 | Justice for Me | Legal Financial Technology | Crescendo Asset Management | Lender | $10 | Credit Facility Loan | ||
| 2/14/2023 | Astronics | Aerospace Electronics | Great Rock Capital | Lender | $90 | Senior Secured Term Loan | ||
| 2/14/2023 | Mountain Ridge Capital | Asset-based Commercial Finance | Encina Lender Finance | Lender | $50 | Senior Secured Credit Facility | ||
| 2/15/2023 | Supernus Pharmaceuticals | Pharmaceutical | UBS Bank | Lender | $150 | Credit Facility Loan | entered the agreement with UBS Bank providing the company an uncommitted demand which can be drawn at any time | |
| 2/21/2023 | Mondee | Marketplace Firm | Wingspire Capital | Lender | $45 | $30 Million term loan and a $15 million revolver | Added to an existing loan faciility led by TCW Asset Management Company | |
| 2/22/2023 | CareCloud | Healthcare Technology | Silicon Valley Bank | Lender | $25 | Credit Facility Loan | Increased the secured line of credit to $25 million | |
| 2/23/2023 | Direct Digital Holdings | Advertising and Marketing Platform | Silicon Valley Bank | Lender | $5 | Revolving Credit Facility | ||
| 2/27/2023 | Sotera Health | Healthcare | JP Morgan | Lender | $500 | Senior Secured Term Loan | ||
| 2/27/2023 | Churchhill Downs Incorporated (CDI) | JP Morgan | Lender | $500 | Senior Credit | Increading the loans under the existing Term Loan A due 2027 by $500 million | ||
| 2/27/2023 | Unlock Technologies/Saluda Grade | Home Equity Investment Technology/Real Estate | Barclays Bank | Lender | $300 | Revolving Credit Facility | ||
| 2/28/2023 | Marco | Tech-Enabled Trade Financing | MidCap Financial/Castlelake | Lender | $200 | Credit Facility Loan | middle-market lender MidCap Financial and global asset-based private credit specialist Castlelake. | |
| 3/1/2023 | BetterNight | Comprehensive Sleep Care | NewSpring | Lender | $33 | Growth Financing | The financing round includes a participation from existing investors HCAP Partners and Hamilton Lane | |
| 3/1/2023 | Heelstone Renewable Energy | Energy | BlackRock Alternatives | Lender | $175 | Credit Facility Loan | Fund was managed by its infrastructure debt business, to fund the initial contruction and development of utility scale solar and battery storage projects | |
| 3/7/2023 | NantHealth | Technology | Highbridge Capital and Nant Capital | Lender | $22.5 | Senior Secured Term Loan | ||
| 3/9/2023 | Medexus Pharmaceuticals | Pharmaceuticals | BMO | Lender | $35 | Senior Secured Credit Facility | ||
| 3/9/2023 | Socure | Technology | J.P. Morgan, Silicon Valley Bank, And KeyBanc Capital Markets | Lender | $95 | Credit Facility Loan | ||
| 3/10/2023 | Embraer | Aerospace | Citibank | Lender | $200 | Credit Facility Loan | Financing purchases from direct suppliers in the US | |
| 3/13/2023 | Koppers Holdings | Chemicals | Wells Fargo Bank | Lender | $400 | Senior Secured Term Loan | Acting as sole and exclusive administration agent | |
| 3/13/2023 | UMH Properties | Home Sales | Triad Financial Services | Lender | $30 | Revolving Line of credit | ||
| 3/17/2023 | Oatly Group AB | Food | Silver Point Capital | Lender | $125.0 | Term Loan B credit facility | ||
| 3/20/2023 | Danimer Scientific | Biopolymer Manufacurer | Jefferies | Lender | $130 | Senior Secured term Loan | expands capital structure | |
| 3/22/2023 | Giving Home Health Care | Healthcare | Brightwood Capital Advisors | Lender | $30 | Senior Secured Credit Facility | Financing used to support GHHC's recent partership with FS Investments and to fund its strategic growth initiatives. | |
| 3/23/2023 | Hercules Capital | Sumitomo Mitsui Banking Corporation | Lender | $75 | Increased letter of Credit Facility by $75 million | Increased by $75 million for a total of $175 million | ||
| 3/24/2023 | Beam Global | Technology | OCI Group | Lender | $100 | Credit Facility Loan | ||
| 3/24/2023 | LifeMD | Healthcare | Avenue Capital | Lender | $40 | Senior Secured Credit Facility | ||
| 3/24/2023 | U.S. Silica Holdings | Industrial Minerals | BNP Paribas Securities, MUFG Bank, TCBI Securities, and Keybank | Lender | $1,100.0 | Credit Agreement | BNP served as administrative agent | |
| 3/27/2023 | Krispy Kreme | Food | BNP Paribas | Lender | $1,000 | $700 million term Loan A and $300 million revolver | BNP is the administrative agent and collateral agent for the new facilities | |
| 3/28/2023 | OYA Renewables | Energy Transition Solutions | City National Bank | Lender | $27.1 | Long Term loan facility | ||
| 3/28/2023 | Yak Access | Temporary Access Roads | MidCap | Lender | $75 | Revoloving Credit Facility | Also completed a major recapitalization earlier this month | |
| 3/29/2023 | Goeasy | Financial Services | BMO | Lender | $370 | Excersized the accordion feature of its revolvong credit facility | ||
| 3/29/2023 | Harrow | Eyecare Pharmaceutical | Oaktree Capital Management | Lender | $100 | Secured Credit Facility | ||
| 3/29/2023 | SageSure | Property Insurance | Wintrust Financial | Lender | $50 | Revolving Credit Facility | ||
| 3/27/2023 | Allegiant Travel Company | Travel | Credit Agricole | Lender | $100 | Revolving Credit Facility | Credit Agricole acted as sole arranger | |
| 3/30/2023 | Modulaire Group | Modular Services and Infrastructure | Wells Fargo Capital Finance | Lender | $123.3 | Asset-based Lending Facility | ||
| 3/30/2023 | Social Mobile | Enterprise Mobility Solutions | Citi | Lender | $35 | Senior Credit Facility | ||
| 3/31/2023 | Vericast | Advertising Services | Pathlight Capital | Lender | $30 | Term Facility | Using proceeds to provide additional liquidity for working capital needs |