LENDER(S) & ROLE
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BORROWER / INDUSTRY
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AMOUNT*
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STRUCTURE & NOTES
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QII 2006 Transactions
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GE Global Sponsor Finance
Admin Agent
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United Agri Products
Distributor/Agricultural Inputs
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$850.0
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$675MM Revolver/$175MM Term Loan
Five-year term/six-year term, respectively |
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Citigroup/Wachovia Capital
Co-Leads
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Science Applications International Corporation
Provider/Technology Services
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$750.0
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Revolver
Five-year term; replaces $550MM revolver and $250MM revolver |
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National City/Credit Suisse
Co-Leads
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Ferro Corporation
Supplier/Manufacturer Materials
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$700.0
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$250MM Revolver/$450MM Term Loan
KeyBank served as documentation agent |
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Banc of America Securities
Lead
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Hilb Rogal & Hobbs Company
Provider/Risk Management Services
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$425.0
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Revolver
Agents incl: Bank of America, SunTrust Bank, ING Capital, PNC Bank and BB&T |
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Bank of America Business Credit
Lead
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PNA Group, Inc.
Processor/Steel
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$410.0
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Revolver
Banc of America Securities acted as sole arranger and book runner |
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Merrill Lynch/CIT Capital Securities/Deutsche Bank Securities
Co-Leads
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PAETEC Corp.
Supplier/Communications Solutions
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$400.0
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$25MM Revolver/$275MM First Lien Term Loan/$100MM Second Lien Term Loan
Used to refinance existing debt |
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Bank of America Business Capital/Banc of America Securities
Co-Lead
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Kellwood Company, Inc.
Marketer/Camping Apparel & Products
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$400.0
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Revolver
Will be used to fund acquisitions |
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Bank of America Securities/J.P. Morgan Securities
Co-Leads
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Kellwood Company
Marketer/Camping Products
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$400.0
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Revolver
Participants incl: BofA, JPMorgan Chase, Wachovia, The Bank of Nova Scotia & SunTrust |
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BNP Paribas
Admin Agent
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Linn Energy, LLC
Provider/Natural Gas Services
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$400.0
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Revolver
Participants incl: RBC, Societe Generale, BofA, Comerica, Bank of Scotland, Fortis Capital & Lehman Commercial Paper |
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Scotia Capital
Lead
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Kansas City Southern Industries, Inc.
Provider/Transportation Services
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$371.1
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$125MM Revolver/$246.1MM Term Loan
Used to refinance existing debt |
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Credit Suisse/Bear Stearns
Co-Leads
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Panavision, Inc.
Manufacturer/Camera Systems
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$345.0
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Revolver
Credit Suisse & Bear Stears also act as joint bookrunners |
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Ableco/Wells Fargo Canada
Co-Lead
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Pope & Talbot, Inc.
Producer/Lumber
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$325.0
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$75MM Revolver/$250MM Term Loan
Six-year term |
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Bank of America
Lead
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Quanta Services, Inc.
Provider/Contracting Services
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$300.0
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Revolver
Five-year term; replaces $182MM facility |
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Banc of America Securities
Lead
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Imation Corp.
Provider/Data Storage Solutions
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$300.0
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Revolver
Participants incl: Bank of Tokyo-Mitsubishi, J.P. Morgan Chase, US Bank & Wells Fargo |
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LaSalle Business Credit
Admin Agent
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Associated Wholesalers, Inc.
Distributor/Food
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$285.0
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Revolver/Term Loan
Used for acquisition of Di Giorgio |
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J.P. Morgan Securities
Lead
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Oglebay Norton Company
Supplier/Minerals
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$230.0
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$55MM Revolver/$140MM Term Loan
Revolver has a five-year term; term loan has a six-year term |
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Bank of America
Lead
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InfraSource Services, Inc.
Provider/Infrastructure Services
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$225.0
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Revolver
Replaces company's previous $85MM revolver and $84MM term loan |
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Monroe Capital
Co-Lender
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InfrastruX Group, Inc.
Provider/Construction Services
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$220.0
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Revolver
Used for working capital purposes |
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Merrill Lynch Capital
Lead
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World Kitchen, LLC
Manufacturer/Kitchenware
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$220.0
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Revolver
Supports company's recapitalization |
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GE Antares Capital
Lead
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Farley's & Sathers Candy Co.
Manufacturer/Candy
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$202.0
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$35MM Revolver/$127MM First Lien Term Loan/$40MM Second Lien Term Loan
Farley's & Sathers is a portfolio company of Catteron Partners |
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LaSalle Bank
Lead
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J.B. Hunt Transport Services, Inc.
Provider/Transportation Services
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$200.0
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Revolver
Facility expires in August 2006 |
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Merrill Lynch Commercial Finance
Lead
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Pliant Corporation
Producer/Packaging Products
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$200.0
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Revolver
Replaces pre-petition revolver and DIP facility |
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Wachovia Securities
Lead
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Globalstar, Inc.
Provider/Satellite Voice Services
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$200.0
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Revolver
Thermo Company also invested $200MM in equity capital |
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Monroe Capital
Lead
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TLC Health Care Services, Inc.
Manufacturer/Kitchenware
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$190.0
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Term Loan
Supports company's recapitalization |
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GE Healthcare Financial Services
Lead
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Sunwest Management, Inc.
Operator/Senior Housing
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$175.0
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Term Loan
Seven-year term |
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Merrill Lynch Capital
Joint Lead
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Montecito Broadcast Group, LLC
Operator/Television Stations
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$168.0
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Revolver
Merrill Lynch Capital also acted as syndication agent and documentation agent |
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Citizens Bank/RBS Securities
Co-Leads
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GPX International Tire Corporation
Manufacturer/Specialty Tires
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$160.0
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Revolver
Used to finance future acquisitions |
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LaSalle Bank
Admin Agent
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Ennis, Inc.
Manufacturer/Business Forms
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$150.0
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Revolver
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GE Antares Capital
Lead
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Augusta Sportswear Group, Inc.
Manufacturer/Athletic Apparel
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$143.0
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$45MM Revolver/$48MM Term Loan A/$50MM Term Loan B
Used in connection with acquisition of Holloway Sportswear |
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Morgan Stanley
Lead
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Silicon Graphics, Inc.
Designer/Computer Workstations
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$130.0
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$30MM Revolver/$100MM Term Loan
Replaces Silicon Graphics' pre-petition facility with Wells Fargo Foothill & Ableco Finance |
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JP Morgan Chase
Lead
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Heating Oil Partners, LP
Supplier/Heating & Air Conditioning Services
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$125.0
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Revolver
Refinances existing debtor-in-possession facility |
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Bear Stearns
Lead
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CKX, Inc.
Developer/Entertainment Content
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$125.0
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Revolver
Participants incl: UBS Securities, Bank of New York, Lehman Commercial Paper & Credit Suisse |
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Wells Fargo Foothill
Lead
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TRM Corporation
Supplier/ATM Machines
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$105.0
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Revolver
Six-year term |
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JPMorgan Chase
Admin Agent
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Serologicals Corporation
Provider/Biological Products
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$100.0
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$50MM Revolver/$50MM Term Loan
JP Morgan Securities acted as lead arranger |
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CoBank
Lead
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SureWest Communications, Inc.
Provider/Telecommunications Services
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$100.0
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$25MM Revolver/$75MM Term Loan
Revolver has seven-year term; term loan has ten-year term |
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Wachovia Bank
Admin Agent
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NuVox Communications
Provider/Communication Services
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$95.0
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$10MM Revolver/$85MM Term Loan
Participants incl: Wachovia Capital Markets, CIT & Deutsche Bank |
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GE Antares Capital
Lead
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Electrograph Systems, Inc.
Distributor/Display Technology
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$87.0
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$80MM Revolver/$7.5MM Term Loan
Revolver: five-year term; term loan: three-year term |
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Merrill Lynch Capital
Lead
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Intellimark Holdings, Inc.
Provider/IT Services
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$80.5
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Revolver
Supports Intellimark's acquisition of Impact Innovations Group |
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Wells Fargo Foothill
Lead
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Pre-Paid Legal Services, Inc.
Provider/Legal Services
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$80.0
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$5MM Revolver/$75MM Term Loan
Five-year terms |
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GE Antares Capital
Lead
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Audax Group
Private Equity Group
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$80.0
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$20MM Revolver/$60MM Term Loan
GE Originations Bank SAS served as admin agent for European facilities included in transaction |
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Bank of America Business Capital
Lead
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Integrated Electrical Services, Inc.
Provider/Electrical Solutions
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$80.0
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Revolver
BofA is also providing letters of credit |
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PNC Bank
Lead
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Turf Care Supply Corp.
Producer/Turf Care Products
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$80.0
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Revolver
Used for acquisition of LESCO, Inc. |
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GE Corporate Lending
Lead
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Winner Steel, Inc.
Supplier/Steel
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$80.0
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Revolver
Part of a total credit facility of $130MM, which also includes a $50MM term loan |
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Guggenheim Corporate Funding
Lead
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Quest Resource Corporation
Producer/Natural Gas
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$75.0
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Third Lien Credit Facility
Six-year term |
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GE Antares Capital
Admin Agent
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Delta Educational Systems
Provider/Educational Services
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$75.0
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$20MM Revolver/$55MM Term Loan
Participants incl: GE Capital Markets & Merrill Lynch Capital as co-lead arrangers and joint bookrunners |
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Silver Point Finance
Lead
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NaviSite, Inc.
Provider/IT Hosting
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$73.0
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$3MM Revolver/$70MM Term Loan
Atlantic Investors also provided a $5MM credit facility |
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GE Antares Capital
Admin Agent
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The Hygenic Corp.
Developer/Physical Therapy Products
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$72.0
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$10MM Revolver/$62MM Term Loan
Supports The Hygenic Corp.'s acquisition of PHI |
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GE Antares Capital
Lead
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Golfsmith International Holdings, Inc.
Retailer/Golf Equipment
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$65.0
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Revolver
Five-year term |
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Monroe Capital
Co-Lender
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United Subcontractors, Inc.
Provider/Construction Services
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$65.0
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Revolver
Refinances existing debt |
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Wachovia Finance (Canada)
Lead
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Shermag, Inc.
Designer/Furniture
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$65.0
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$55MM Revolver/$10MM Term Loan
Used to redeem Shermag's $22.2MM debt |
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Monroe Capital
Lead
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Conbraco Industries, Inc.
Manufacturer/Brass Products
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$65.0
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Revolver/Term Loan
Monroe also acted as syndication agent for the term loan |
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GE Antares Capital
Admin Agent
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CR Brands, Inc.
Distributor/Cleaning Products
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$63.5
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$3MM Revolver/$60.5MM Term Loan
AC Finance acted as co-underwriter |
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Wachovia Capital
Lead
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Commerce Energy Group, Inc.
Provider/Energy Services
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$50.0
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Revolver
Three-year term |
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CapitalSource Business Credit Group
Lead
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Dan River, Inc.
Manufacturer/Textile Products
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$50.0
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Revolver
Facilitates a financial restructuring |
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Wells Fargo Foothill/AC Finance
Co-Leads
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TransTechnology Corporation
Manufacturer/Lifting Devices
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$50.0
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$10MM Revolver/$40MM Term Loan
Used to retire approximately $45MM existing debt |
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Wachovia Securities/Lehman Bros/Merrill Lynch
Co-Leads
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Young Broadcasting, Inc.
Operator/Television Stations
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$50.0
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Term Loan
BNP Paribas acted as documentation agent |
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Silicon Valley Bank
Lead
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Covad Communications Group, Inc.
Provider/Voice Communications
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$50.0
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Revolver
Two-year term |
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Bridge Finance Group
Lead
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Interdynamics Holding, Inc.
Manufacturer/Air Conditioners
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$47.5
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$35MM Revolver/$12.5MM Term Loan
Refinances existing lender |
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Guggenheim Corporate Funding
Lead
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Overhil Farms, Inc.
Supplier/Frozen Foods
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$47.5
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$7.5MM Revolver/$40MM Term Loans
Five-year term |
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CapitalSource
Lead
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Lexington Precision Corporation
Manufacturer/Automobile Components
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$45.0
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Revolver
Participants incl: Webster Business Credit & DMD Special Situations |
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Merrill Lynch Capital
Lead/Admin Agent
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Turner Bros.
Provider/Maintenance Services
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$41.0
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Revolver
Turner Bros. is a portfolio company of Saw Mill Capital |
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Black Diamond Commercial Finance
Lead
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Zila, Inc.
Provider/Healthcare Technology
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$40.0
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$20MM Term Loan/$20MM Expansion Facility
Used to refinance existing debt |
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LaSalle Business Credit
Admin Agent
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Cloyes Gear and Products, Inc.
Manufacturer/Automotive Components
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$38.9
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Revolver/Term Loan
LaSalle's German affiliate, IFN Finance GmbH, also participated |
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Silicon Valley Bank
Lead
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ev3, Inc.
Manufacturer/Medical Devices
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$37.5
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$30MM Revolver/$7.5MM Term Loan
Revolver has a two-year term |
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GE Capital/Monroe Capital
Co-Leads Manufacturer/Envelopes
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National Envelope Corporation
Supplier/Frozen Foods
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$35.0
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Term Loan B
Used to purchase assets of American Envelope Company, LLC |
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NewStar Financial
Lead
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Carlyle/Riverstone & Cherington Capital
Equity Sponsors
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$33.3
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$5MM Revolver/$28.3MM Term Loans
Used for acquisition of International Logging, Inc. |
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CapitalSource Finance/Webster Business Credit
Co-Lender
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Lexington Precision Corporation
Manufacturer/Insulators
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$30.0
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$17.5MM Revolver/$12.5MM Term Loan Co-Agents
Three-year term |
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CapitalSource Business Credit Group
Lead
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RailWorks Corporation
Provider/Transit Construction Services
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$30.0
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Revolver
CapitalSource also provided a $15MM letter of credit sub-facility |
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GMAC Commercial Finance
Lead
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Procycle Group, Inc.
Manufacturer/Fitness Equipment
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$30.0
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Revolver
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GMAC Commercial Finance
Lead
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Coyne International Enterprises Corp.
Provider Laundry Services
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$30.0
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Revolver
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Wells Fargo
Lead
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uBid, Inc.
Provider/Online Auction Services
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$25.0
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Revolver
Three-year term |
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Bank of America Business Capital
Lead
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Modtech Holdings, Inc.
Designer/Modular Buildings
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$25.0
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Revolver
Used to refinance existing debt |
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PNC Bank
Lead
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Geokinetics, Inc.
Provider/Processing Services
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$24.0
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$12MMRevolver/$12MM Term Loan
Replaces previous $12MM facility with HSBC Bank of Canada, Calgary |
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CapitalSource
Lead
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IMG Holdings, Inc.
Holding Company
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$22.0
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$20MM Revolver/$2MM Overadvance
Refinances existing debt |
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Merrill Lynch Capital
Lead
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SkinMedica, Inc.
Developer/Pharmaceuticals
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$20.5
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$7.5MM Revolver/$13MM Term Loan
Used for working capital purposes |
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Wells Fargo Retail Finance
Lead
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SmartBargains.com
Retailer/Online Merchandise
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$20.0
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Revolver
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PNC Bank
Lead
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Akrion, Inc.
Manufacturer/Microchip Cleaning Systems
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$20.0
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Revolver
Includes a $10MM sub-limit secured by PNC |
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Wells Fargo Foothill
Lead
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Source Medical Solutions, Inc.
Provider/Information Management Solutions
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$18.0
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Revolver
Used to fund product development |
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Silicon Valley Bank
Lead
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Telular Corporation
Supplier/Wireless Products
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$15.0
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Revolver
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Webster Business Credit
Agent
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Bulova Technologies, LLC
Manufacturer/Electronics
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$14.5
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Revolver
Three-year term |
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GMAC CF Retail Finance Group
Lead
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Fair Vane Corporation
Retailer/Clothing
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$12.5
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Revolver
Used to facilitate Fair Vane's growth in the United States |
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GMAC Commercial Finance
Lead
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Interbath, Inc.
Manufacturer/Shower Systems
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$10.0
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Revolver
Used for working capital purposes |
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Business Alliance Capital Company
Lead
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Drinks Americas Holdings, Ltd.
Distributor/Beverages
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$10.0
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Revolver
Used to develop product lines |
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PNC Business Credit
Lead
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Golden Peak Equity
Private Equity Group
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$10.0
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Revolver
Steel City Capital provided an additional $4MM in second-lien financing. |
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PNC
Lead
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Laud Collier & Company
Private Equity Firm
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$9.5
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Revolver
Supports acquisition of Oneida Molded Plastic |
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Sovereign Bank
Lead
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InfoLogix
Provider/Mobile Computer Solutions
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$9.5
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Revolver/Term Loan
Used to refinance existing debt |
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Marquette Business Credit
Lead
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Purafilter 2000
Manufacturer/Air Filters
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$7.5
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Revolver/Term Loan
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Marquette Business Credit
Lead
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Computer Products & Services, Inc.
Distributor/Computer Parts
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$4.9
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Revolver
. |
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Marquette Business Credit
Lead
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Universal Plastic Mold, Inc.
Manufacturer/Plastic Moldings
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$4.8
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Revolver
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Marquette Business Credit
Lead
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Newline Products, Inc.
Manufacturer/Marker Boards
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$3.0
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Revolver
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Wells Fargo Business Credit
Lead
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Simtek Corporation
Supplier/Computer Parts
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$3.0
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Revolver
Used for working capital purposes |
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Marquette Business Credit
Lead
|
McDonald Packaging
Manufacturer/Boxes & Crates
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$2.5
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Revolver
|
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Marquette Business Credit
Lead
|
Harry T. Williams Lumber Company
Distributor/Lumber Products
|
$2.0
|
Revolver
|
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GMAC Commercial Finance
Lead
|
Drifter Industries, Inc.
Manufacturer/Apparel
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$2.0
|
Factoring Facility
One-year term |
|
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GE Technology Lending
Lead
|
Syntricity, Inc.
Provider/Software
|
$1.5
|
Revolver/Term Loan
Used for working capital purposes |
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SVB Silicon Valley Bank
Lead
|
AllInternetNow (SmallBizManager, LLC)
Website/Telecommunications Services
|
$1.0
|
Revolver
Provides additional working capital |
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* Deal Size in Millions
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