LENDER(S) & ROLE
|
BORROWER / INDUSTRY
|
AMOUNT*
|
STRUCTURE & NOTES
|
|
|
|
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|
QI 2006 Transactions
|
Wachovia Capital Markets
Lead
|
Orleans Homebuilders
Provider/Homebuilding Services
|
$650.0
|
Revolver
Three-year term; participants incl: Wachovia Bank (admin agent) & BofA (syn agent) |
|
|
UBS Investment Bank/Credit Suisse/Citigroup/BofA
Co-Leads
|
Nuance Communications
Provider/Speech Technology
|
$430.0
|
$75MM Revolver/$355MM Term Loan
Used for acquisition of Dictaphone Corporation |
|
|
Citigroup Global Markets/J.P. Morgan Securities
Co-Leads
|
Dynegy, Inc.
Provider/Electricity
|
$400.0
|
Revolver
Participants incl: Credit Suisse, Banc of America & Lehman Brothers |
|
|
SunTrust
Lead
|
The BISYS Group
Provider/Outsourcing Solutions
|
$400.0
|
$100MM Revolver/$300MM Term Loan
Replaces previous $150MM revolver |
|
|
BofA/Key Bank/GE Distribution Finance/National City
Co-Leads
|
MarineMax
Retailer/Recreational Boats
|
$385.0
|
Revolver
Three-year term |
|
|
J.P. Morgan Securities/JPMorgan Chase
Co-Leads
|
A. Schulman, Inc.
Supplier/Plastics
|
$350.0
|
Revolver
Facility will fund self-tender offer for 8.75MM shares of common stock |
|
|
Goldman Sachs Credit Partners
Lead
|
EaglePicher
Provider/Technology Services
|
$345.0
|
$230MM First Lien/$65MM Second Lien/$50MM Third Lien
Repays all obligations under existing DIP
|
|
|
Bank of America Securities
Sole Arranger
|
American Italian Pasta Company, Inc.
Manufacturer/Pasta
|
$295.0
|
$30MM Revolver/$265 Term Loan
Five-year term; Bank of America served as lender, admin agent |
|
|
Barclays Capital
Lead
|
Sino-Forest Corporation
Operator/Forestry Plantations
|
$260.0
|
Term Loan
Five-year term; Barclays Bank acted as facility agent |
|
|
Macquarie Bank Limited
Lead
|
Falcon Oil & Gas Ltd.
Developer/Oil & Gas
|
$250.0
|
Revolver
Falcon will draw down $50MM |
|
|
Merrill Lynch Capital
Lead
|
COMSYS IT Partners, Inc.
Provider/IT Staffing Services
|
$230.0
|
Revolver
Repays existing debt |
|
|
GMAC Retail Finance/CIT Retail Finance
Co-Leads
|
Goody's Family Clothing, Inc.
Retailer/Apparel
|
$220.0
|
Revolver
Participants incl: LaSalle Retail Finance, Merrill Lynch Capital, AmSouth Bank, Webster Business Credit Retail Finance |
|
|
KeyBanc Capital Markets
Lead
|
Epicor Software Corporation
Provider/Business Software Solutions
|
$200.0
|
$100MM Revolver/$100MM Term Loan
Bank of America acted as documentation agent |
|
|
HSBC Bank USA
Lead
|
Westcon Group Inc.
Distributor/Networking Technology
|
$190.0
|
$150MM Revolver/$40MM Term Loan
HSBC led syndicate of seven banks |
|
|
Credit Suisse
Lead
|
Oneida Ltd.
Manufacturer/Flatware
|
$170.0
|
$80MM Revolver/$90MM Term Loan
Exit financing upon confirmation of Reorg Plan |
|
|
GE Healthcare Financial Services
Lead
|
Primedex Health Systems
Provider/Diagnostic Imaging
|
$161.0
|
$15MM Revolver/$86MM Term Loan B/$60MM Second Lien Term Loan
Refinances existing debt |
|
|
Banc of America Securities/J.P. Morgan Securities
Co-Leads
|
Aftermarket Technology Corporation
Manufacturer/Automotive Products
|
$150.0
|
Revolver
Replaces existing facility |
|
|
Barclays Capital
Lead
|
Sino-Forest Corporation
Operator/Forestry Plantations
|
$150.0
|
Term Loan
Five-year term; Barclays Bank acted as facility agent |
|
|
Fortis Capital
Lead
|
Bronco Drilling Company, LLC
Provider/Drilling Services
|
$150.0
|
Revolver
Participants incl: RBoS, CIT, Calyon, Merrill Lynch Capital, Comerica & Caterpillar Financial Services |
|
|
Barclays Capital
Lead
|
Sino-Forest Corporation
Operator/Forestry Plantations
|
$150.0
|
Term Loan
Used for general corporate purposes |
|
|
GE Global Sponsor Finance
Lead
|
Waddington North America
Manufacturer/Food Service Items
|
$138.0
|
$108MM First Lien/$30MM Second Lien
Financing replaces existing debt |
|
|
BofA/GMAC/LaSalle Retail/Back Bay Capital Funding
Co-Leads
|
Birks & Mayors, Inc.
Retailer/Jewelry
|
$135.0
|
Revolver
Three-year term |
|
|
Merrill Lynch Capital
Joint Lead
|
GameStop Corp.
Retailer/Video Games
|
$133.0
|
Revolver
Financing was part of a $400MM asset-based facility |
|
|
GE Global Media & Communications
Sole Lender
|
Northland Cable Television, Inc.
Operator/Cable Systems
|
$125.0
|
Revolver
Refinances existing debt |
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|
GE Healthcare Financial Services
Lead
|
Global Healthcare Exchange, Inc.
Provider/Supply Chain Management Services
|
$110.0
|
$25MM Revolver/$85MM Term Loan
Used to acquire Neoforma, Inc. |
|
|
Merrill Lynch Capital
Lead
|
Willis Stein & Partners
Private Equity Investor
|
$100.5
|
Revolver
Supports acquisition of Strategic Materials |
|
|
BNP Paribas
Lead
|
Cadence Resources
Developer/Oil & Gas Properties
|
$100.0
|
Revolver
Facility can be increased by $50MM |
|
|
Bank of America
Admin Agent
|
ArthroCare Corporation
Developer/Medical Devices
|
$100.0
|
Revolver
Wells Fargo acted as syndication agent; facility can be inceased to $175MM |
|
|
Bank of America
Lead
|
Trans World Entertainment Corp.
Retailer/Music, Video & Game Products
|
$100.0
|
Revolver
Five-year term |
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|
LaSalle Business Credit
Lead
|
Russ Berrie And Company, Inc.
Retailer/Gift Products
|
$95.0
|
$35MM Revolver/$60MM Term Loan
Company formed new subsidiary, Russ Berrie U.S. Gift, Inc., to facilitate the new financing |
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Banc of America Securities/Back Bay Capital
Co-Leads
|
Levitz Furniture
Manufacturer/Furniture
|
$89.0
|
Revolver
Three-year term; replaces $55MM facility |
|
|
Wells Fargo Bank
Lead
|
Veritas DGC, Inc.
Provider/Geophysical Services
|
$85.0
|
Revolver
Participants incl: HSBC Bank Canada, Honkong and Shaghai Banking Corp., & HSBC Bank |
|
|
Goldman Sachs Specialty Lending Group
Lead
|
ImpreMedia LLC
Publisher/Spanish Language Newspapers
|
$82.5
|
Revolver
Used for acquisition of La Presna |
|
|
Bank of America Business Credit
Lead
|
Doosan Infracore America Corp.
Distributor/Machine Tools
|
$80.0
|
Revolver
Refinances existing debt |
|
|
Credit Suisse First Boston
Lead
|
TelePacific Communications Inc.
Provider/Telecommunications Services
|
$80.0
|
$10MM Revolver/$70MM Term Loan
GE Commercial Finance acted as administrative agent |
|
|
CIT Group/Equipment Financing Inc.
Agent
|
Horizon Offshore, Inc.
Provider/Marine Construction Services
|
$77.4
|
Revolver
Five-year term |
|
|
Wells Fargo Foothill
Lead
|
Collins Financial Services
Purchaser/Consumer Debt
|
$75.0
|
Revolver
In connection with acquisition by Brazos Private Equity Partners |
|
|
Bank of America Business Credit
Lead
|
Kaz, Inc.
Manufacturer/Healthcare Appliances
|
$75.0
|
Revolver
Refinances existing debt |
|
|
Monroe Capital LLC
Lead
|
Citizens of Humanity LLC
Designer/Denim Apparel
|
$75.0
|
Revolver
Facilitates acquisition of Citizens by Berkshire Partners |
|
|
Silver Point Finance
Lead
|
NaviSite, Inc.
Provider/IT Hosting
|
$73.0
|
$3MM Revolver/$70MM Term Loan
Used to refinance Silicon Valley Bank line of credit |
|
|
Credit Suisse, Cayman Islands Branch
Admin Agent
|
Blackboard, Inc.
Provider/Electronic Education Services
|
$70.0
|
$10MM Revolver/$60MM Term Loan
Used in connection with acquisition of WebCT by Blackboard |
|
|
GE Capital Markets
Lead
|
Optasite, Inc.
Developer/Telecommunications Tower Sites
|
$65.0
|
Revolver
GE Global Media & Communications served as admin agent |
|
|
GE Healthcare Services
Lead
|
Accuro Healthcare Solutions
Provider/Healthcare Financial Services
|
$65.0
|
Revolver
Used for acquisition of CodeCorrect |
|
|
GE Capital Markets
Lead
|
Optasite Inc.
Developer/Telecommunications Tower Sites
|
$65.0
|
Revolver
GE Global Media & Communications served as administrative agent |
|
|
GE Antares Capital
Lead
|
Universal Tax Systems
Developer/Software Systems
|
$61.0
|
$12MM Revolver/$17MM Term Loan A/$32MM Term Loan B
Supports company's recapitalization |
|
|
Bank of America Business Capital
Lead
|
Berg Steel Pipe Corporation
Manufacturer/Oil & Gas Pipe
|
$60.0
|
Revolver
Used to refinance existing debt |
|
|
J.P. Morgan Securities/Deutsche Bank Securities
Co-Leads
|
American Media, Inc.
Publisher/Consumer Magazines
|
$60.0
|
Revolver
Participants incl: Bear Stearns, Lehman Brothers, GE Capital |
|
|
GE Commercial Finance
Lead
|
The Rowe Companies, Inc.
Manufacturer/Furniture
|
$57.0
|
$50MM Revolver/$7MM Tranche B
Replaces existing term loan & revolver with Bank of America and capital lease with SunTrust |
|
|
GE Antares Capital
Lead
|
Audax Group, Inc.
Private Equity Investor
|
$50.0
|
$10MM Revolver/$14MM Term Loan A/$26MM Term Loan B
Supports acquisition of Broadcast Electronics |
|
|
Wells Fargo Foothill
Lead
|
Consolidated Restaurant Operations
Franchisor/Restaurants
|
$50.0
|
Revolver/Term Loan
Used to refinance exisiting debt |
|
|
LaSalle Bank
Lead
|
CPI Corp.
Provider/Photography Services
|
$50.0
|
Revolver
Three-year term |
|
|
LaSalle Business Credit
Agent
|
Metecno, Inc.
Fabricator/Roof Panels
|
$48.5
|
Revolver
Used for refinancing purposes |
|
|
CIT Business Credit/Ableco Finance
Co-Leads
|
PRG-Schultz International, Inc.
Provider/Recovery Audit Services
|
$45.0
|
$20MM Revolver/$20MM Term Loan
Used to repay outstanding borrowings under facility with Bank of America |
|
|
Ableco Finance
Lead
|
PRG-Schultz International, Inc.
Provider/Financial Services
|
$45.0
|
$20MM Revolver/$25MM Term Loan
Used to refinance existing credit facility & $10MM bridge loan |
|
|
Wells Fargo Century
Lead
|
Everlast Worldwide, Inc.
Manufacturer/Sporting Goods
|
$42.0
|
Factoring facility/term loan
Used to redeem all outstanding Series A Preferred Stock |
|
|
Wells Fargo Business Credit
Lead
|
Interpharm
Developer/Pharmaceuticals
|
$41.5
|
Revolver
Replaces previous $21MM facility |
|
|
JPMorgan Chase Bank
Admin Agent
|
Volt Information Services
Provider/Staffing Services
|
$40.0
|
Revolver
Participants incl: Lloyds TSB Bank, Mellon Bank, Wells Fargo & Bank of America |
|
|
Capstone Business Credit
Lead
|
Whaling
Manuracturer/Uniforms
|
$33.5
|
$20MM Factoring/$13.5MM Purchase Order/Trade Finance
Used to finance production with suppliers worldwide |
|
|
GMAC Commercial Finance
Lead
|
Procycle, Inc.
Manufactuer/Bicycles
|
$30.0
|
Revolver
Initial drawdown of $25MM |
|
|
Medical Capital
Lead
|
Lavipharm
Provider/Pharmaceuticals
|
$30.0
|
Revolver
Financing is a mezzanine for developed products |
|
|
GMAC Commercial Finance
Lead
|
PCL Packaging Corporation
Producer/Plastic Bags
|
$29.0
|
Revolver
|
|
|
LaSalle Business Credit
Lead
|
O'Sullivan Films
Manufacturer/Polymers
|
$28.0
|
Revolver
Used as acquisition financing |
|
|
CapitalSource Business Credit Services
Lead
|
RCR Plumbing
Contractor/Plumbing Services
|
$27.0
|
Revolver
Used for working capital needs |
|
|
Monroe Capital
Lead
|
Berkshire Blanket Holdings, Inc.
Producer/Blankets
|
$26.5
|
Term Loan
Used in conjunction with $25MM revolver from Wachovia Capital Finance |
|
|
Merrill Lynch Capital
Sole Lender
|
Superior International, Inc.
Manufacturer/Playground Equipment
|
$25.0
|
Revolver
Supports recapitalization |
|
|
Wells Fargo Century
Lead
|
Everlast Worldwide
Manufacturer/Sporting Apparel
|
$25.0
|
Term Loan
Facility is secured by all tangible and intangible assets of the company |
|
|
Bank of Nova Scotia
Lead
|
HudBay Minerals, Inc.
Miner/Minerals
|
$25.0
|
Revolver
Facility can be increased to $50MM |
|
|
Bank of America
Lead
|
Cbeyond Communications
Provider/Communications Services
|
$25.0
|
Revolver
Used for working capital needs |
|
|
GE Commercial Distribution Finance
Lead
|
Nexus IS, Inc.
Provider/VoIP Services
|
$25.0
|
Revolver
Used for working capital needs |
|
|
Comerica Bank
Lead
|
TriNet
Provider/Human Resources Outsourcing
|
$25.0
|
Revolver
Used for working capital needs |
|
|
CapitalSource, Business Credit Services
Lead
|
LINQ Industrial Fabrics, Inc.
Supplier/Fabrics
|
$23.6
|
Revolver
Used to refinance existing debt |
|
|
Bank of America Business Capital
Lead
|
Charleston Hoisery Inc.
Manufacture/Socks
|
$23.0
|
Revolver/Term Loan
Bank of America will also provide letters of credit |
|
|
Sovereign Bank
Lead
|
Industrial Renaissance
Private Equity Group
|
$20.0
|
Revolver
Used for acquisition of BiFlex Intimates Group |
|
|
Guaranty Business Credit
Lead
|
United Polychem, Inc.
Distributor/Commodity Resins
|
$20.0
|
Revolver
Used to refinance existing debt |
|
|
Harris Nesbitt
Lead
|
Prospect Energy Corporation
Provider/Energy Services
|
$20.0
|
Revolver
Bank of Montreal acted as admin agent |
|
|
GMAC Retail Finance Group
Lead
|
SAAN Stores, Ltd.
Retailer/Clothing & Footwear
|
$20.0
|
Revolver
Three-year term; replaces prior GMAC DIP |
|
|
Bank of America Business Capital
Lead
|
Quality Financial, Inc.
Buyer/Auto Installment Sales Contracts
|
$20.0
|
Revolver
BofA will also provide cash management products & services |
|
|
GE Capital/Oxford Financial
Lead
|
Favrille, Inc.
Developer/Cancer Treatments
|
$20.0
|
Revolver
Facility will be used to fund additional capital expenditures |
|
|
GE Energy Financial Services
Lead
|
Solar Integrated Technologies Inc.
Provider/Roof Building Services
|
$20.0
|
Revolver
Five-year term |
|
|
CapitalSource, Business Credit Services
Lead
|
Tri-State Delivery, Inc.
Provider/Truckload Transportation
|
$19.2
|
Revolver
Used to refinance existing debt |
|
|
Laurus Master Fund
Lead
|
Small World Kids, Inc.
Distributor/Children's Products
|
$18.5
|
$16.5MM Revolver/$2MM Term Loan
|
|
|
Bank of America
Lead
|
PBiz, Inc.
Provider/Technology Solutions
|
$18.0
|
Revolver
Replaces company's existing credit facility |
|
|
Wachovia Bank
Lead
|
Think Partnership, Inc.
Provider/Marketing Solutions
|
$17.5
|
$15MM Revolver/$2.5MM Term Loan
Used for acquisition of Morex Marketing Group, among other things |
|
|
Fifth Third Bank
Lead
|
CECO Environment Corp.
Provider/Air Pollution Control Systems
|
$16.1
|
$13MM Revolver/$3.1MM Term Loan
One-year term |
|
|
NewStar Financial
Lead
|
Tensator Group Limited
Supplier/Electronic Technology Services
|
$15.3
|
$6MM Revolver/$9.3MM Term Loan
Supports acquisition of Lawrence Metal Products |
|
|
GMAC Commercial Finance
Lead
|
Manchester Furniture, Inc.
Manufacturer/Furniture
|
$15.0
|
Revolver
Replaces Manchester's current line |
|
|
CapitalSource Business Credit Services
Lead
|
The CGI Group America
Provider/Print Solutions
|
$13.5
|
$5.5MM Revolver/$8MM Term Loan
Used for acquisition of ADP Graphic Communications |
|
|
CapitalSource Finance
Lead
|
Laurel Health Care Management
Operator/Long-Term Care Facilities
|
$12.5
|
Revolver
Financing used to lease skilled nursing facilities |
|
|
NewStar Financial
Sole Lender
|
Hampshire Equity Partners
Private Equity Firm
|
$11.5
|
$1.5MM Revolver/$10MM Term Loan
Supports acquisition of U.S. Block Windows |
|
|
CapitalSource Business Credit Services
Lead
|
Teltronics
Manufacturer/VoIP Services
|
$11.0
|
$8MM Revolver/$3MM term Loan
Used to refinance existing debt |
|
|
Bank of America
Lead
|
Point.360
Provider/Media Management Services
|
$10.0
|
Revolver
Two-year term |
|
|
CapitalSource Business Credit Services
Lead
|
UNC
Provider/Telecommunications Services
|
$10.0
|
Revolver
Refinances existing debt |
|
|
Hilco Financial
Lead
|
The Steak-Umm Company, Inc.
Producer/Frozen Foods
|
$10.0
|
Bridge Loan
In conjunction with company's recent restructure |
|
|
GE Capital
Lead
|
Point.360
Provider/Media Management Services
|
$10.0
|
Revolver
Five-year term |
|
|
Guaranty Business Credit
Lead
|
High End Systems, Inc.
Manufacturer/Lighting Components
|
$9.0
|
Revolver
|
|
|
CapitalSource Business Credit Services
Lead
|
AMPAM Parks Mechanical, Inc.
Contractor/Plumbing Services
|
$9.0
|
Revolver
Used for ongoing working capital needs |
|
|
Bridge Healthcare Finance/Bridge Opportunity Finance
Co-Leads
|
DW Healthcare Partners
Provider/Healthcare Products
|
$9.0
|
$2MM Revolver/$7MM Term Loan
Used for acquisition of Hill Top Research |
|
|
Ritchie Technology and Life Science Finance
Lead
|
SemiSouth Laboratories, Inc.
Developer/Electronic Materials
|
$8.0
|
Revolver
Used to fund receivable growth |
|
|
Sovereign Bank
Lead
|
Pecora Corporation
Manufacturer/Caulk Products
|
$7.8
|
Revolver/Term Loan
Refinances existing debt |
|
|
Marquette Business Credit
Lead
|
Lucky Lady
Distributor/Fuel Products
|
$7.3
|
Revolver
|
|
|
Bridge Opportunity Finance
Co-Leads
|
ITP-CICO Pacific, LLC
Distributor/Paper Products
|
$7.0
|
$6MM Revolver/$1MM Term Loan
Used for acquisition of CICO Enterprises |
|
|
Guaranty Business Credit
Lead
|
Fred Hill Materials, Inc.
Suppliers/Sand, Gravel & Concrete Products
|
$6.8
|
Revolver/Term Loan
Refinances existing loans |
|
|
CapitalSource Business Credit Services
Lead
|
Sunset Holdings International Ltd.
Provider/Acquisition Services
|
$6.5
|
Revolver
Used for acquisition of US Mills |
|
|
United Private Equity
Lead
|
China Digital Communiation Group
Manufacturer/Battery Components
|
$6.0
|
Revolver
Three-year term; used for M&A activities |
|
|
Guaranty Business Credit
Lead
|
Linder's Furniture, Inc.
Retailer/Home Furniture
|
$6.0
|
Revolver
Proceeds used for acquisition of Home Furnishings, Inc. |
|
|
Healthcare Finance Group
Lead
|
Transcend Services, Inc.
Provider/Transcription Services
|
$5.6
|
Revolver
Replaces company's previous $2MM facility with Bank of Americam |
|
|
Mercantile Bank & Trust Company
Lead
|
Avatech Solutions
Provider/Design & Engineering Solutions
|
$5.0
|
Revolver
Replaces existing $3MM line of credit with K Bank |
|
|
Guaranty Business Credit Corporation
Lead
|
NewBasis West, LLC
Manufacturer/Storage Containers
|
$4.5
|
Revolver/Term Loan
Five-year term |
|
|
MMV Financial
Lead
|
Decision Dynamics Technology
Provider/Specialty Finance Services
|
$4.0
|
Revolver
Used for working capital needs |
|
|
Marquette Business Credit
Lead
|
American Walkway Covers LLC
Manufacturer/Aluminum Walkway Covers
|
$3.5
|
Revolver
Used for general working purposes |
|
|
Hercules Technology Growth Capital
Lead
|
Ping Indentity Corporation
Provider/Federated Identity Solutions
|
$3.0
|
Revolver
|
|
|
Marquette Business Credit
Lead
|
International Global Metals
Processor/Recyclable Metals
|
$3.0
|
Revolver
Used for working capital needs |
|
|
Guaranty Business Credit
Lead
|
Schuster Flexible Packaging & ARBRES, Inc.
Provider/Packaging Services
|
$2.7
|
Revolver/Term Loan
Used to finance stock purchase |
|
|
Marquette Business Credit
Lead
|
Barker Air & Hydraulics
Distributor/Power Parts
|
$2.5
|
Revolver
|
|
|
Hercules Technology Growth Capital
Lead
|
HighRoads, Inc.
Provider/Benefits Lifecycle Management
|
$2.5
|
Revolver
Used for general working purposes |
|
|
Marquette Business Credit
Lead
|
Boast, Inc.
Manufacturer/Sports Apparel
|
$2.4
|
Revolver/Term Loan
|
|
|
MidCap
Lead
|
Universal Industrial Supply
Distributor/Safety Products
|
$1.5
|
Revolver
Provides additional working capital |
|
|
Venture Bank
Lead
|
Kuhlman Company, Inc.
Retailer/Apparel
|
$1.0
|
Revolver
Used for working capital purposes |
|
|
Silicon Valley Bank
Lead
|
CallCommand LLC
Provider/Communication Solutions
|
$1.0
|
Revolver
Two-year term |
|
|
MidCap Business Credit
Lead
|
AES Interconnects
Provider/Electrical Components
|
$0.8
|
Revolver
Provides additional working capital |
|
|
* Deal Size in Millions
|
