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Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 07/01/06 through 9/30/06

LENDER(S) & ROLE
BORROWER / INDUSTRY
AMOUNT*
STRUCTURE & NOTES
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QIII 2006 Transactions
Merrill Lynch Capital
Lead
Atrium Company
Manufacturer/Windows & Patio Doors
$475.0
Revolver
Supports acquisition of Champion Window. Atrium is a Kenner & Co. portfolio company
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CIT Healthcare
Lead
American Medical Systems Holdings
Provider/Pelvic Health Solutions
$430.0
Revolver
Supports acquisition of Laser Scope; part of $615MM total financing
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GE Healthcare Financial Services
Lead
Primedex Health Systems, Inc.
Provider/Imaging Services
$405.0
$45MM Revolver/$360MM Term Loan
Used to support acquisition of Radiologix
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UBS Securities
Sole Lead Arranger
Kendle International, Inc.
Provider/Clinical Research Services
$225.0
$25MM Revolver/$200MM Term Loan
Five-year term/six-year term; funds various acquisitions
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Wells Fargo
Lead
FTD Group, Inc.
Provider/Floral Services
$225.0
$75MM Revolver/$150MM Term Loan
Used to support acquisition of Interflora Holdings Limited
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GE Global Media & Communications
Lead
Van Wagner Communications
Provider/Outdoor Advertising
$200.0
Revolver
GE Capital was Sole Lead Arranger
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Merrill Lynch Commercial Finance
Lead
Pliant Corporation
Manufacturer/Specialty Films & Packaging
$200.0
Revolver
Exit financing
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IDB Bank/Merrill Lynch Capital
Co-Leads
Asta Funding, Inc.
Provider/Liquidation Services
$175.0
Revolver
Three-year term
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GE Global Media & Communications
Admin. Agent
New Wave Communications
Provider/Cable & Internet Services
$162.0
Senior Secured/Mezzanine Financing
GE Capital was Sole Lead Arranger; supports cable systems acquisitions in Kentucky & Illinois
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GE Antares Capital/GE Capital Australia
Lead Arrangers
Castle Harlan, Inc. & CHAMP Private Equity
Private Equity Sponsors
$140.0
$120MM Revolver/$20 MM Second Lien Facility
Supports acquisition of Great Western Malting, Canada Malting Company & others
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Citigroup
Lead
Secure Computing Corp.
Developer/Network Security Solutions
$135.0
$20MM Revolver/$115MM Term Loan
Used in acquisition of CipherTrust
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Merrill Lynch Capital
Lead Arrangers
Oakleaf Waste Management, LLC
Provider/Waste Management Svcs.
$115.0
Revolver
Borrower is a Charterhouse Group portfolio company
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GE Global Sponsor Finance/Comerica Bank
Co-Lead Arrangers
Fitness Quest, Inc.
Distributor/Home Fitness Products
$105.0
$50MM Revolver/$55MM Term Loan
Five-year term/five-year term; refinances existing indebtedness
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Bank of America
Lead
Guess? Inc.
Designer/Apparel
$85.0
Revolver
Replaces existing ABL facility with Wachovia Securities
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Wells Fargo
Lead
NATCO Group, Inc.
Provider/Oil Production Products
$85.0
Revolver
Participants incl: HSBC, BofA, JPMorgan, Calyon & Compass Bank
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GE Global Media & Communications
Administrative Agent
Orange Broadband, Inc.
Provider/Broadband Services
$70.0
$15MM Revolver/$45MM Term Loan/$10MM Second Lien Loan
Supports acquisition of certain assets of Charter Communications
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GE Media & Communications
Admin Agent
Seaport Capital, LLC
Venture Capital Firm
$68.0
Revolver
Used in acquisition of Everest Connections
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Bank of America
Lead
PetSmart, Inc.
Retailer/Pet Products
$65.0
Revolver
May be increased to $80MM
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Bank of America Business Capital
Lender
Bush Industries, Inc.
Manufacturer/Furniture
$56.5
Revolver
DDJ Capital Management owns a majority stake in borrower
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GE Antares Capital
Administrative Agent
Transportation Resource Partners, LP
Private Equity Sponsor
$56.5
$5MM Revolver/$37.5 Term Loan/$14 Second Lien Term Loan
Supports acquisition of National Powersport Auctions
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LaSalle Business Credit
Lender
Coachman Industries, Inc.
Manufacturer/Recreation Vehicles
$55.0
Revolver
Five-year term
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American Capital Strategies
Lender
TransFirst Holdings, Inc.
Provider/Payment Processing Svcs.
$54.0
Second Lien Junior Term Loan
Merrill Lynch Capital provided senior credit facilities
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Merrill Lynch Capital
Lender
Specialty Manufacturing Company
Supplier/Safety Components
$53.0
Revolver
Supports borrower's recapitalization by Century Park Capital Partners
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Merrill Lynch Capital
Sole Lead Arranger
Liberty Partners
Private Equity Sponsor
$50.0
Revolver
Supports acquisition of Component Hardware Group
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Wells Fargo Foothill
Lead
TRC
Provider/Risk Mgmt.
$50.0
Revolver
Services Five-year term; replaces Wachovia Bank facility
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RBC Capital Markets
Lead
Adams Respiratory Therapeutics, Inc.
Manufacturer/OTC Medications
$50.0
Revolver
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Citibank Texas
Lead
Tengasco, Inc.
Provider/Gas Services
$50.0
Revolver
Company's initial borrowing base set at $2.6MM
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GE Antares Capital
Lead Arranger
Duni Corporation
Manufacturer/Food Service Supplies
$39.0

Participants: CIT Sponsor Finance (syn agent) & Madison Capital (doc agent)
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GE Antares Capital
Administrative Agent
Wynnchurch Capital, Ltd.
Private Equity Sponsor
$38.0
Revolver
GE Capital Markets was lead arranger; supports acquisition of SafeWorks, LLC
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GE Antares Capital
Admin. Agent
Century Park Capital
Private Equity Firm
$37.5
$4MM Revolver/$26MM Term Loans/$7.5MM Acquisition Financing
Private Equity Firm Supports borrower's acquisition of Eckler Industries; GE Capital Markets was Sole Lead Arranger
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New Stream Capital
Lender
C&B Services, Inc.
Provider/Disaster Recovery Services
$35.0
Revolver
One-year term
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GE Commercial Finance
Lead Lender
MarketFare Foods, Inc.
Manufacturer/Specialty Foods
$30.0
$10MM Revolver/$20MM Second Lien Loan
GE Capital Markets was lead arranger
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Monroe Capital
Lead
AMB Tran Group
Provider/Medical Transportation Services
$30.0
$5MM Revolver/$23MM Term Loans/$2MM CAPEX
Refinances existing indebtedness/assists in dividend recapitalization
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PNC Business Credit
Lender
Clark Security Products, Inc. et al.
Distributor/Security Products
$29.5
Revolver
Co-borrowers include General Lock & others
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Wells Fargo Foothill
Lead
Five Star Food Service
Provider/Food Vending Services
$26.0
Revolver
Other participants include: Chatham Capital, Harbert Mgmt. & Morgan Kegan Mezzanine Funding
Wells Fargo HSBC Trade Bank
Lead
Zumiez.com, Inc.
Manufacturer/Sporting Apparel
$25.0
Revolver
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Webster Business Credit
Lead
Barnett Corporation
Distributor/Paper Products
$25.0
Revolver
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Webster Business Credit
Lead
Patriot Timber Products International, Inc.
Distributor/Lumber
$22.5
Revolver
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CIT Commercial Services
Lead
Crown Crafts, Inc.
Designer/Woven Products
$22.0
Revolver
Three-year term
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PNC Business Credit
Lead
International Food Packers Association
Distributor/Food Products
$20.9
$20MM Revolver/$.9MM Term Loan
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Continental Business Credit
Lead
Allied Cash Holdings, LLC
Provider/Payday Lender Services
$20.0
Revolver
Represents $11MM increase from previous facility
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PNC Bank
Lead
Kitty Hawk
Provider/Ground Freight Transportation Services
$20.0
Revolver
Represents $5MM increase from previous facility
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Wells Fargo Foothill
Lead
youbet.com
Provider/Internet Wagering Services
$19.0
$4MM Revolver/$15MM Term Loan
Replaces MM&T bank facility
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Webster Business Credit
Lead
Long's Jewelers, LTD.
Retailer/Jewelry
$18.9
$17MM Revolver/$1.9MM CAPEX line
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U.S. Bank Business Credit
Lead
Gorman Group
Provider/Transporation Services
$18.0
Revolver
U.S. Bank Equipment Finance provided $4.7MM for borrower's fleet
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Union Bank of California
Lead
Westin Automotive Product, Inc.
Distributor/After-Market Truck Parts
$17.1
$16MM Revolver/$1.1MM Term Loan
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Crystal Capital
Lead
Avon Automotive Holdings, Inc.
Manufacturer/Rubber Products
$16.3
Second Lien Junior Term Loan
Jeffries Finance agented $80MM in additional facilities
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Amalgamated Bank
Lead
Intergrated BioPharma, Inc.
Manufacturer/Pharmaceuticals
$15.0
Revolver
Refinances indebtedness with Bank of America
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LaSalle Retail Finance
Lead
Bidz, Inc.
On-line Retailer/Jewelry
$15.0
Revolver
Includes $5MM accordion feature
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New Star Financial
Lead
Milestone Partners
Private Equity Firm
$15.0
$2.5MM Revolver/$12.5MM Term Loans
Supports acquisition of portfolio company, Bodybuilder.com
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Webster Business Credit
Lead
Bulova Technologies, LLC
Manufacturer/Electronic Components
$14.5
Revolver
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Capstone Business Credit
Lead
Kayon Corporation
Designer/Women's Apparel
$13.5
$9MM Factoring/$4.5MM Purchase Order
Two-year term
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GMAC Structured Finance
Lead
PureTek Corp.
Manufacturer/Personal Care Products
$12.8
Revolver/Term Loan/CAPEX Facility
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Square 1 Bank
Lead
Traffic.com, Inc.
Provider/Traffic Information
$12.0
Revolver
Two-year term
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Merrill Lynch Capital
Lead
Advancis Pharmaceutical Corporation
Developer/Pharmaceuticals
$12.0
$4MM Revolver/$8MM Term Loan
Used to repay existing debt
LaSalle Business Credit
Lead
J. Kindemann & Sons
Manufacturer/Christmas Lights
$11.8
Revolver
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U.S. Bank Business Credit
Lead
Proam Enterprise, Inc.
Designer/Security Cameras
$10.0
Revolver
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Wachovia Capital Finance
Lead
Natrol, Inc.
Manufacturer/Nutritional Supplements
$10.0
Revolver
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GMAC Commercial Finance
Lead
Next, Inc.
Provider/Licensed Sportswear
$10.0
Revolver
Replaces indebtedness with National City Bank (Indiana)
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Capital TempFunds
Lead
Personnel Staffing Group
Provider/Temporary Staffing Services
$10.0
$9MM Revolver/$1MM Acquisition Loan
$1MM supports acquisition of Most Valuable Personnel, Inc.
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PNC Business Credit
Lead
Southeastern Metal Products, LLC
Producer/Stamped Metal Products
$9.8
Revolver
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Silicon Valley Bank
Lead
Healthaxis, Inc.
Provider/Healthcare Payer Solutions
$5.8
$5MM Revolver/$.75MM CAPEX Line
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Webster Business Credit
Lead
Thompson Brands
Manufacturer/Chocolates
$5.4
Revolver
Three-year term
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Hercules Technology Growth Capital
Lead
ForeScout Technologies, Inc.
Provider/Network Access Control
$5.0
Revolver
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Silicon Valley Bank
Lead
IsoTis OrthoBiologics
Manufacturer/Orthobiologics
$5.0
Revolver
Two-year term
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Webster Business Credit
Lead
Summit Corporation of America
Provider/Electroplating Services
$5.0
Revolver
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Marquette Business Credit
Lead
Consolidated Casting
Manufacturer/Precision Steel Casting
$4.5
Revolver/Term Loan
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Laurus Master Fund
Lead
Brighter Mind Media, Inc.
Publisher/Children's Media
$3.5
$2.25MM Revolver/$1.25 Term Loan
Facility secured by first lien on Brighter Child Interactive assets
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Bridge Finance Group
Lead
Company Name
Provider/Refurbished Medical Equipment
$3.3
Revolver
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Wells Fargo Century
Lead
Ironclad Performance Wear Corporation
Manufacturer/Specialty Apparel
$3.0
Revolver
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Marquette Business Credit
Lead
Poly-Tak Protection Systems
Provider/Adhesive Films
$2.8
Revolver
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Marquette Business Credit
Lead
A. Meredith Schneider Company
Producer/Utility Poles
$2.3
Revolver
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Marquette Business Credit
Lead
Communications Marketing and Distribution Services Inc.
Provider/Digital Printing Svcs.
$2.3
Revolver
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Hercules Technology Growth Capital
Lead
Gynesonics, Inc.
Developer/Medical Treatments
$2.0
Revolver
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* Deal Size in Millions

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