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The Latest Asset-Based Finance Transactions
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ABL Industry Service Providers & Specialty Lenders
Capital One served as the lead arranger and syndication agent for a five-year, $217.1 million senior credit facility—consisting of a $167.1 million term loan and a $50 million revolving loan—for AccentCare.
Lilis Energy closed $140 million in new financings, consisting of a $125 million convertible second lien term loan facility funded by Värde Partners and $15 million in incremental term loans.
REV Group, a manufacturer of specialty vehicle brands, acquired Ferrara Fire Apparatus, a custom fire apparatus and rescue vehicle manufacturer. Ally Bank served as administrative agent for a $350 million ABL revolver and a $75 million term loan to support the transaction.
MB Business Capital provided a new $13 million senior credit facility to Delaware, OH-based Oberfields as part of the company’s acquisition by Graycliff Partners and management.
Financial Services firm XMS Capital Partners hired Scott P. George as managing director in its Chicago office.
NuVasive, a medical device company focused on transforming spine surgery, expanded its revolving line of credit from $150 million to $500 million. Bank of America was administrative agent for the transaction.
Citizens Bank appointed Jack Murphy president of Business Banking.
Energen amended its credit agreement, increasing the borrowing base to $1.4 billion following its scheduled redetermination.
Radio One closed a new $350 million senior secured credit facility with Guggenheim Securities Credit Partners as administrative agent and BNY Mellon as collateral agent.
Square 1 Bank has provided a $4 million credit facility to new client ItemMaster, a provider of product content services for the U.S. CPG and CPG Retail market.
Apr 24, 2017: ACG InterGrowth 2017
May 1, 2017: NJTMA Members Only Spring Social
May 4, 2017: ABI/NYIC Credit & Bankruptcy Symposium
May 10, 2017: NJTMA Networking Breakfast - West Orange
May 17, 2017: CFA Independent Finance & Factoring Roundtable