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Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 07/01/07 through 09/30/07

LENDER(S) & ROLE
BORROWER / INDUSTRY
AMOUNT*
STRUCTURE & NOTES
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QIII 2007 Transactions
Wachovia Capital Markets, J.P. Morgan Securities
Joint Lead Arranger
Exterran Holdings, Inc.
Provider/Natural Gas Compression, Production
$1.65B
$850MM five-year Revolver/$800MM million Term Loan
New company results from Universal, Hanover Compressor merger/
Wachovia Bank, JPMorgan Chase Bank, Bank of America, Calyon New York, Fortis Capital participated
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Wachovia Capital Finance
Lead Arranger, Admin. Agent
Pro-Build Holdings, Inc.
Supplier/Building Materials
$1.5B
Revolver
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GE Capital Markets, GE Corporate Lending
Sole Lead Arranger
Finlay Enterprises, Inc.
Retailer/Fine Jewelry
$550.0
Revolver
Five-year term/Supports Zale Bailey Banks & Biddle Division acquisition
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PNC Bank
Lead Lender
Brightstar Corp.
Provider/Distribution, Supply Chain Solutions
$500.0
Revolver
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GE Healthcare Financial Services
Sole Lead Arranger/Bookrunner, Admin Agent/Sole Lender
RadNet, Inc.
Provider/Diagnostic imaging services
$445.0
$45MM Revolving line of credit/$400MM term loan
Refinances previous debt
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Textron Financial
Co-Lender
Westgate Resorts
Provider/Resort, Timeshare Industry
$400.0
Construction, Development Loan
Supports plans for a Planet Hollywood Towers in Las Vegas
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Bank of America
Admin. Agent, Collateral Agent
Maxim Crane Works Holdings, Inc.
Crane rental company
$390.0
$340MM Term Loan/$50MM Revolver
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Wachovia Capital Finance
Agent, Co-Lead Arranger
VISTAR Corp.
Distributor/Food Products, Supplies
$350.0
Revolver
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Bank of America Business Capital
Lender
Neff Corp.
Provider/Earthmoving equipment
$350.0
Revolver
Supports acquisition by Lightyear Capital
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GE Capital Markets
Sole Bookrunner, Sole Lead Arranger
Lightower
Operator/Communications
Infrastructure Portfolio
$250.0
Revolver
GE Media: Admin. Agent
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GE Capital Markets
Sole Lead Arranger, Sole Bookrunner
Woodstream Corp.
Manufacturer/Consumer, Professional Products Portfolio
$208.0
$65MM Revolver/$143.75MM Term Loan
GE Antares Capital: admin. agent/Supports company recap
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Bank of America
Lead Lender
CAI International, Inc.
Lessor/Intermodal Freight Containers
$200.0
Revolver
Five-year term/Replaces previous $170MM Revolver
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Wachovia Capital Finance
Lead Arranger, Admin. Agent
Haggar Clothing Co., Inc.
Marketer/Men's, Women's Apparel
$200.0
Revolver
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Wachovia Capital Markets/
KeyBanc Capital Markets
Joint Lead Arrangers
Odyssey Re Holdings Corp.
Underwriter/Reinsurance, insurance
$200.0
Revolver
Five-year term
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GE Commercial Finance Corporate Lending
Lender
Esmark, Inc.
Provider/Cold rolled, coated steel products
$150.0
Revolver
GE Capital Markets: co-lead arranger
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GE Antares Capital, GE Capital Markets
Lead Lenders
Tharco Containers, Inc
Manufacturer/Corrugated, foam, plastic packaging solutions
$145.0
Revolver
Supports Design Packaging, Inc. acquisition
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Wachovia Capital Finance
Lead Arranger, Admin. Agent
Remington Arms Company, Inc.
Manufacturer/Firearms
$140.0
Revolver
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GE Media
Admin. Agent
Enterprise Media Group
Provider/Lead Generation Services - IT
$137.0
Revolver
Support Ziff Davis Media's Enterprise Group acquisition
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Wachovia Capital Finance
Co-Lead Arranger
Universal Hospital Services, Inc.
Lessor/Medical equipment
$135.0
Revolver
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Bank of America Business Capital
Lender
Icelandic USA, Inc.
Processor, importer/Seafood
$130.0
Revolver
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NewStar Financial, Credit Suisse Securities
Joint Arrangers
Modern Luxury Media, LLC
Publisher/Luxury lifestyle magazines
$125.0
Revolver
Supports buyout by Clarity Partners/Participants: BNP Paribas, Merrill Lynch Capital
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GE Capital Markets
Sole Lead Arranger, Bookrunner
Graham Partners, Inc.
Lower middle-market industrial private equity firm
$118.0
$15MM Revolver/$103MM Term Loan
GE Antares: admin agent/Supports Schneller, Inc. acquisition
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GE Capital Markets
Sole Lead Arranger, Bookrunner
Graham Partners, Inc.
Lower middle-market industrial private equity firm
$118.0
$15MM Revolver/$103MM Term Loan
GE Antares: admin agent/Supports Schneller, Inc. acquisition
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GE Capital Markets
Sole Lead Arranger, Bookrunner
Industrial Growth Partners
Private Equity Firm
$113.0
$20MM Revolver/$93MM Term Loan
GE Antares Capital: admin. agent/Supports API Heat Transfer Holding Co. acquisition
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NewStar Financial
Lead Arranger, Admin. Agent
International Logging, Inc.
Provider/Mud Logging Services
$104.0
$15MM Revolver/$89MM Term Loans
Supports acquisitions/Citigroup Global Markets, FirstLight Financial, Golub Capital, others participated
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J.P. Morgan Securities/
JPMorgan Chase Bank
Sole Bookrunner, Sole Lead Arranger/Admin. Agent
Harris Interactive Inc.
Provider/Market Research
$100.0
$25MM Revolving Line of Credit/$12MM Term Loan/$63MM Multiple Advance Term Loan
Replaces previous debt with JPMorgan
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Wachovia Capital Finance
Lead Arranger, Admin. Agent
Haggar Clothing Co., Inc.
Marketer/Men's, Women's Apparel
$100.0
Revolver
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Citi/Bank of America, Wachovia Bank, PNC Bank, Sovereign Bank
Lead Lender/Lenders
Orbital Sciences Corporation
Manufacturer/Small Space, Rocket Systems
$100.0
Revolver
Five-year term/Replaces previous debt
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Wells Fargo Foothill
Lender
Take-Two Interactive Software, Inc.
Distributor, Publisher/Interactive software games
$100.0
Revolver
Five-year term
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BMO Capital Markets/Wachovia Bank
Lead Arranger/Agent
DG FastChannel, Inc.
Provider/Digital media services
$95.0
$40MM Revolver/$45MM Term Loan
Five-year term/Supports GTN, Inc. acquisition
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Wachovia Bank
Lender
OSI Systems, Inc.
Manufacturer/Specialized electronic systems, components
$90.0
$45MM Revolving Line of Credit/$45MM Term Loan
Replaces previous debt
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Bank of America Business Capital
Lender
Werner Co.
Manufacturer/Fiberglass, aluminum, wood climbing products
$90.0
Revolver
Supports acquisition by Black Diamond Capital Management
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Merrill Lynch Capital
Sole Lead Arranger, Admin. Agent
Atwood Mobile Products, LLC
Manufacturer/Appliance, Window, Glass Products
$85.0
Revolver
Supports acquisition by Insight Equity
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Wells Fargo Retail/Schultze Asset Management
Lenders
Tweeter Newco, LLC
Retailer/Electronics
$80.0
$60MM Revolver/$20MM Term Loan
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GE Antares
Admin. Agent
DLJ Merchant Banking Partners
Private equity investor
$80.0
Revolver
Supports RathGibson Inc. acquisition
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GE Capital Markets
Sole Lead Arranger
Kohlberg & Company LLC
Private Equity Firm
$80.0
Revolver
Supports Trico Products acquisition/GE Antares Capital: admin agent
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Wachovia Capital Finance
Co-Lead Arranger, Documentation Agent
Container Store, Inc.
Provider/Storage, Organization Products
$75.0
Revolver
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Bank of America Business Capital
Lender
Android Industries, LLC
Sub-assembler/Complex automotive modules
$75.0
Revolver
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GE Antares Capital
Admin. Agent
Chicago Growth Partner LP
Private equity investment firm
$71.0
$10MM Revolver/$61MM First Lien Term Loan
Supports Jonathan Engineered Solutions acquisition
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Merrill Lynch Capital
Sole Lead Arranger, Admin. Agent
Pennant Foods Corp.
Operator/96 Wendy's restaurants
$67.5
Revolver
Executed by: Merrill Lynch Capital's Franchise Finance
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Wachovia Capital Finance, Monroe Capital
Lenders
SMTC Corp.
Provider/Electronics manufacturing services
$61.5
$40MM Revolver/$21.5MM Term Loan
Five-year term/Replaces previous debt
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GE Capital Markets
Sole Lead Arranger, Sole Bookrunner
Nautic Partners LLC
Private Equity Firm
$61.0
$20MM Revolver/$41MM Term Loan
Supports Prince Sports acquisition/GE Antares Capital: admin agent
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Bank of America Business Capital
Lender
Euro-Pro Operating LLC
Distributor/Cleaning, Linen Products/Small Kitchen Appliances
$60.0
Revolver
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GE Antares Capital
Admin. Agent
Performance Bicycle, Inc.
Operator/Mail order, retail bicycle company
$60.0
Revolver
Supports acquisition by North Castle Partners
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Paradox Capital
Lender
Betsey Johnson
Retailer/Women's Apparel, Accessories
$50.0
Revolver
Supports acquisition by Castanea Partners
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Wachovia Capital Finance
Sole Lender
Del-Nat Tire Corp.
Distributor/Tires
$50.0
Revolver
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HSH Nordbank
Lender
IFC Credit Corp.
Lessor/Equipment
$50.0
Term Loan/Warehouse Facility
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Wachovia Capital Finance
Lender
Effigi, Inc.
Distributor/Clothing
$50.0
Revolver
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NewStar Financial
Lead Arranger
Virtual Radiologic Corporation
Provider/Teleradiology Services
$45.0
Revolver/Term Loan
Supports company recap
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GE Capital Markets
Sole Lead Arranger, Bookrunner
Shemin Nurseries, Inc.
Distributor/Nursery products
$45.0
$22MM Revolver/$23MM Term Loan
GE Antares: admin. agent/Supports company recap
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NewStar Financial
Lead Arranger, Admin. Agent
Winchester Electronics Corp.
Manufacturer/Electronic connectors
$42.0
$5MM Revolver/$5MM Term Loan A/$32MM Term Loan B
Supports Kings Electronics acquisition/Highpoint Capital participated
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Union Bank of California
Lender
Anna's Linens, Inc.
Provider/Home Fashions
$40.0
Revolver
Supports future growth
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Merrill Lynch Capital
Sole Lead Arranger and Admin. Agent
SureSource LLC
Provider/Solutoins for Consumer e-Commerce
$38.0
Revolver
Supports acquisition by Veronis Suhler Stevenson
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Bank of America
Lender
Internap Network Services Corporation
Provider/Internet Solutions
$35.0
$5MM Revolver/$30MM Term Loan
Four-year term
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GE Distribution Finance
Lender
MTM Technologies Inc.
Provider/IT Solutions, Services
$34.0
$20MM Revolver/$14MM Inventory Facility
Replaces previous CIT, Textron facility
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Wachovia Capital Finance
Lender
Multy Industries, Inc.
Manufacturer/Floor mats
$32.5
Revolver/Term Credit
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Monroe Capital/Marshall and Ilsley Bank
Lender/Agent
Comm-Works Holdings, LLC
Provider/Enterprise voice, data, voice over IP solutions
$31.6
Revolver
Supports Harbor Solutions acquisition
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LaSalle Bank
Lender
Advocat Inc.
Provider/Long-term care services
$31.5
$15MM Revolver/$16.5MM Term Loan
Supports SMSA acquisition
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Monroe Capital/Merrill Lynch Business Financial Services
Lender/Agent
Corporate Travel Holdings, Inc.
Holding company
$31.0
Revolver
Supports Tzell Travel, LLC acquisition
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Wachovia Capital Finance
Lender
General Insulation Co., Inc.
Manufacturer/Building materials
$31.0
Revolver
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Proficio Bank
Lender
Graebel Relocation Services Worldwide, Inc.
Provider/Corporate Relocation Services
$30.0
Off Balance Sheet Facility
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Regions Bank
Lender
AmCOMP, Inc.
Insurance Holding Company
$30.0
Line of Credit
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Merrill Lynch Capital
Sole Lead Arranger, Admin. Agent
CDM MSX, LLC
Provider/Natural Gas
$30.0
Revolver
Supports refinancing of company
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Sovereign Bank
Lender
MicroFinancial, Inc.
Provider/Vendor-based leasing, finance programs
$30.0
Revolving Line of Credit
Three-year term/Replaces previous debt
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Merrill Lynch Capital
Sole Lead Arranger, Admin. Agent
MediZine, LLC
Publisher/Health, wellness magazines
$30.0
Revolver
Supports refinancing
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HSBC Realty Credit Corp.
Lender
Emergent BioSolutions Inc.
Biopharmaceutical company
$30.0
Revolver
Five-year term
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NewStar Financial
Lender
Dexter Magnetic Technologies
Provider/Magnetic Solutions
$27.0
Revolver
Supports company recap
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Wachovia Capital Finance
Sole Lender
Professional Disposables International, Inc.
Manufacturer/Disposable Medical Products
$25.0
Revolver
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Citibank
Lender
PowerSecure International, Inc.
Provider/Energy Management, Conservation Solutions
$25.0
Revolver, Term Credit
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Wells Fargo Bank
Lender
eTelecare Global Solutions, Inc.
Provider/Business process outsourcing
$25.0
Revolver
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SVB Silicon Valley Bank
Lender
Telsima Corporation
Provider/Broadband wireless access, mobility solutions
$25.0
Working Capital Debt Financing
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U.S. Bank Business Credit
Lender
Patterson Vegetable Company, LLC
Processor/Frozen vegetables, fruits
$25.0
Revolver
Supports company acquisition
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Monroe Capital
Lender
Butler International, Inc.
Provider/TechOutsourcing services
$23.0
Term Loan
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Monroe Capital
Sole Arranger, Agent
SMTC Corporation
Provider/Electronics Manufacturing Services
$21.5
Term Loan
Refinances previous debt
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Webster Business Credit
Lender
Top Flight, Inc.
Manufacturer/Paper-based school, office supplies
$20.5
Revolver
Three-year term
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Western National Bank
Lender
Gateway Energy Corp.
Operator/Natural Gas Systems
$20.0
Revolver
Supports Gulfshore Midstream Pipelines acquisition
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Western National Bank
Lender
Gateway Energy Corporation
Operator/Natural Gas Transportation, Distribution Systems
$20.0
Revolver
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Wells Fargo Retail Finance
Lender
Sharper Image Corporation
Retailer/Specialty Items
$20.0
Term Loan
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Crsatos Capital Partners
Lender
Riverside Manufacturing, Inc.
Producer/Wiring Harnesses, LED Lighting, etc.
$20.0
$2.5MM Revolver/$17.5MM Term Loan A
Supports Transportation Safety Technologies acquisition
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Sovereign Bank Asset Based Lending
Lender
East-West Staffing, LLC/MB Payroll & Administrative Services, LLC
Provider/Temporary Employee Placement
$16.0
Revolver
Refinances previous debt
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PNC Bank
Lender
Environmental Tectonics Corp.
Developer/Simulation, training, etc. systems
$15.0
$15MM Revolving Line of Credit
Two-year term
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Hercules Technology Growth Capital
Lender
Purcell Systems, Inc.
Provider/Customized equipment enclosures
$15.0
Venture Debt
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Wells Fargo Business Credit
Lender
Delphax Technologies Inc.
Provider/Digital Print Production Systems
$13.7
$13MM Revolver/$653,000 Term Loan
Four-year ter
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Webster Business Credit
Lender
Oscar de la Renta
Provider/Fashion apparel, accessories
$12.2
Revolver/Term Loan
Five-year term
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U.S. Bank Business Credit
Lender
East West Plastic & Electric Products Ltd.
Distributor /Sign products
$11.0
$10MM Revolver/$1MM Over Advance
Supports company acquisition
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Webster Business Credit
Lender
Princess House
Direct seller/Cooking, dining, home entertainment products
$10.6
Revolver/Term Loan
Three-year term
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Wachovia Capital Finance
Sole Lender
Performance Sports Apparel, Inc.
Distributor/Sports Apparel
$10.0
Revolver
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North Fork Business Capital
Lender
Sea Link International , Inc.
Manufacturer/metal stampings, projector assemblies, etc.
$10.0
Revolver
Supports company recap
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Merrill Lynch Capital
Lender
ConforMIS, Inc.
Developer/Patient-specific orthopedic implants
$10.0
Debt Facility
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Wachovia Capital Finance
Sole Lender
Crane Cams Inc.
Manufacturer/Performance Automotive Parts
$9.9
Revolver
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U.S. Bank Business Credit
Lender
LB Roundy & Associates
Wholesaler/Promotional Items
$9.0
Revolver
Refinances previous debt
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NewStar Financial
Lender
Trammell Crow Company
Developers/Real Estate
$8.7
First Mortgage Loan
Financing for Northwest Corporate Center
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Wachovia Capital Finance
Lender
Control Devices
Manufacturer/Specialty valves
$8.0
Revolver
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Wachovia Capital Finance
Lender
Northman Holdings, Inc.
Provider/Hardware products
$8.0
Revolver
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Marquette Business Credit
Lender
International Wood, LLC
Importer/Wood Blind Components
$7.5
Revolver
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Patriot Capital
Lender
High Street Capital
Provider/Capital, Operating Expertise
$7.5
$7.25MM Subordinated Debt
Supports Mac & Massey acquisition
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ORIX Venture Finance
Lender
Managed Objects, Inc.
Provider/Business Service Management
$7.5
$2.5MM Revolver/$5MM Term Loan
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Hercules Technology Growth Capital
Lender
Quartics, Inc.
Provider/Video processing solutions
$7.5
Venture Debt
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Hercules Technology Growth Capital
Lender
Serious USA, Inc.
Publisher/Media technology
$7.0
Venture Debt
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Business Alliance Capital Company
Lender
Berkshire-Westwood Graphics Group, Inc.
Distributor/graphic arts industry products
$6.5
A-R/Inventory facility
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Manufacturers and Traders Trust Corp.
Lender
Emerging Vision, Inc.
Provider/Eye care products, services
$6.0
Revolver
Two-year term/Replaces previous debt
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Prospect Capital
Lender
Deep Down, Inc.
Provider/Innovative Umbilical & Subsea Solutions
$6.0
Revolver
Four-year term/Supports company recap
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Cornell Capital Partners
Lender
Pacer Health Corp.
Operator/Healthcare facilities
$5.5
Revolver
Five-year term
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Wachovia Bank
Lender
Cryptek, Inc.
Manufacturer/Security Solutions
$5.0
Revolver
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Healthcare Finance Group
Lender
Medmark Services, Inc.
Operator/Out-Patient Clinics
$5.0
Revolver
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Webster Business Credit
Lender
Allstar Magnetics, Inc.
Manufacturer/Magnetic component parts
$5.0
Revolver
Three-year term
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Marquette Business Credit
Lender
Private Label Cosmetics
Manufacturer/Cosmetic products
$4.8
$4.8MM Revolving Line of Credit/Equipment Term Loan
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Business Alliance Capital Company
Lender
S&L Plastics, Inc.
Injection molding company
$4.5
A-R/Inventory facility/Term Loan
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Business Alliance Capital Company
Lender
Cryotech International, Inc.
Distributor/Injection systems, transfer systems
$3.5
A-R/Inventory facility/Term Loan
Refinances previous debt
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GE Healthcare Financial Services
Lender
BioStorage Technologies, Inc.
Provider/Biomaterials storage
$3.3
CAPEX Lease Line of Credit
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Marquette Business Credit
Lender
International Wood, LLC
Importer/Wood Blind Components
$3.0
Revolver
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Platinum Funding Group
Lender
K.C.K. Tool & Die Co.
Manufacturer/Tools, die products
$3.0
Factoring Facility
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Hercules Technology Growth Capital
Lender
Prism Education Group, Inc.
Provider/Training programs post-secondary education
$3.0
Venture Debt
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Sovereign Bank
Lender
CPI Aerostructures, Inc.
Provider/Engineering, technical, program management services
$2.5
Revolver
Two-year term/Replaces previous debt
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Moriah Capital
Lender
Rudder Capital Corporation
Provider/Internet Protocol Service
$2.0
$1MM Revolver/$1MM Term Loan
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Square 1 Bank
Lender
Agility Healthcare Solutions
Provider/Automated workflow, resource management solutions
$2.0
Revolver
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Marquette Business Credit
Lender
Custom Coils, Inc.
Manufacturer/Heat exchangers
$1.5
Revolving Line of Credit
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* Deal Size in Millions

To have your company's transactions listed on our Notable Transactions Chart and included in abfjournal's Daily News Headlines, contact Stuart Papavassiliou at sppapa@abfjournal.com or 610.293.1300 x124