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Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 10/01/07 through 12/31/07

LENDER(S) & ROLE
BORROWER / INDUSTRY
AMOUNT*
STRUCTURE & NOTES
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QIV 2007 Transactions
GE Corporate Lending
Co-Admin. Agent
SABIC Innovative Plastics Holding B.V.
Manufacturer/Chemicals, Fertilizers, Plastics, Metals
$9.2B
Revolver
Supports GE's Plastics acquisition/GE Capital Markets: joint bookrunner
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GE Capital Markets
Admin. Agent, Collateral Agent
Linens Holding Co.
Retailer/Home Furnishings
$700.0
Revolver
GE Canada Finance: Canadian admin. agent, collateral agent
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GE Corporate Lending
Lender
Finlay Enterprises, Inc.
Retailer/Fine Jewelry
$550.0
Revolver
Supports Bailey Banks & Biddle acquisition/GE Capital Markets: Sole Bookrunner
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KeyBanc Capital Markets, Wachovia Securities
Co-Lead Arrangers
Behringer Harvard
Provider/Commercial Real Estate
$500.0
$300MM Revolver/$200MM Term Loan
Three-year terms/Wachovia: syndication agent; Aareal Bank & Westdeutsche Immobilienbank: co-documentation agents; KeyBank: admin agent
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Wachovia Capital Finance
Admin Agent
Ruddick Corp
Operater/Harris Teeter supermarkets, American & Efird Inc
$450.0
$350MM Revolver/$100MM Term Loan
Five-year term/Lenders: BB&T, Regions Bank, Bank of America, JPMorgan Chase Bank, RBC, CoBank, others
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Bank of America
Admin Agent
Corrections Corporation of America
Provider/Corrections Management Services
$450.0
Revolver
Five-year term/Arrangers: Banc of America Securities, Wachovia Capital Markets
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Ableco Finance
Lender
X-Rite Inc Lender
Provider/Color Printing
$415.0
$40MM Revolver/$270MM First Lien Term Loan/$105MM Second Lien Term Loan
Supports recap
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Bank of America
Sole, Exclusive Administrative Agent, Swing Line Lender
Coinstar, Inc.
Provider/4th Wall Solutions for retailers
$400.0
Revolver
Five-year term/Banc of America Securities, J.P. Morgan Securities: joint lead arrangers, joint book managers/JPMorgan Chase Bank: syndication agent/Keybank, U.S. Bank, Wells Fargo Bank: co-documentation agents
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Silver Point Finance
Lender
Interstate Bakeries Corp.
Baker, Distributor/Bread, Sweet Goods
$400.0
Exit Financing
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Wachovia Capital Markets, UBS Investment Bank
Joint Arrangers
Builders FirstSource Inc.
Manufacturer/Structural, Related Building Products
$350.0
Revolver
Five-year term/Participants: Wachovia Bank, administrative agent/GE Capital
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GE Commercial Finance Corporate Lending
Admin Agent
Sportsman's Warehouse
Retailer/Outdoor Sporting Goods
$325.0
Revolver
Arranger: GE Capital Markets
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Ableco Finance
Agent
Wells Dairy Inc
Provider/Dairy Products
$310.0
$125MM Revolver/$185MM Term Loan
Supports refinancing
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Silver Point Finance
Arranger
Syntax-Brillian Corp.
Distributor/LCD HDTVs, Digital Cameras, Entertainment Products
$250.0
Revolver
Citi, CIT, Wells Fargo Foothill, Wachovia, Durham Capital: participating
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Citigroup Global Markets, PNC Capital Markets/Citibank
Joint Lead Arrangers/Admin. Agent
RTI International Metals, Inc.
Producer/Titanium Mill Products, Metal Components
$240.0
Revolver
Five-year term/Fifth Third Bank, PNC Bank: co-syndication agents
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JP Morgan Chase Bank
Lead Lender
Newpark Resources Inc
Provider/Drilling Fluids, Temporary Worksites, Access Roads
$225.0
$175MM Revolver/$50MM Term Loan
Replaces previous facility
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Credit Suisse, Cayman Islands/Credit Suisse Securities/GE Capital
Lenders
Quality Distribution LLC
Provider/Bulk Transportation, Related Services
$225.0
Revolver
Five-and-a-half-year term
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Goldman Sachs Credit Partners, Wachovia Bank
Lender
Spectrum Brands, Inc.
Supplier/Consumer Products
$225.0
Revolver
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CIT Capital Securities
Sole Lead Arranger, Sole Bookrunner
The Providence Service Corp
Provider/Home, Community-Based Social Services
$213.0
$40MM Revolver/$173MM Term Loan
Supports LogistiCare, Inc acquisition
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Ares Capital
Lender
American Broadband
Communications LLC
Operator/Local Exchange Carriers, Related Businesses
$200.0
Acquisition Facility
Supports continued acquisition initiatives
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KeyBank, BNP Paribas, M&T Trust Co., Sovereign Bank, Allied Irish Banks
Lead Lenders
Rex Energy Corp.
Provider/Oil, Gas
$200.0
Revolver
Five-year term/Replaces previous debt
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Ableco Finance
Collateral Agent
Boston Market Corp
Operator/Restaurants
$145.0
$40MM Revolver/$15MM Term Loan A/$25 Term Loan B/$35MM Term Loan C/$16MM DD Term Loan B/$14MM DD Term Loan C
Supports refinancing
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BMO Capital
Lender
DG FastChannel Inc
Provider/Digital Media Services
$145.0
Revolver
Six-year term/Support Vyvx acquisition
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Ableco Finance
Lender
AmeriMark Direct LLC
Marketer/Women's Apparel, Cosmetics, Jewelry, etc.
$135.0
$20MM Revolver/$115MM Term Loan
Supports recap
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Wachovia Capital Finance
Managing Agent
Big Rock Sports, LLC
Distributor/Sporting Goods
$130.0
Revolver
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BofA Securities
Arranger, Administrative Agent
NameMedia, Inc.
Provider/Digital Real Estate
$125.0
Revolver
Five-year term/Refinances previous debt
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GE Healthcare Financial Services
Sole Lead Arranger, Sole Bookrunner
Ambulatory Services of
America Inc
Operator/Healthcare Services
$123.5
$20MM Revolver/$70MM First Lien Term Loan/$33.5MM Second Lien Term Loan
Acted as Admin Agent for First Lien Loans/Supports Innovative Dialysis Systems acquisition
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GE Commercial Finance
Lender
Golden Circle
Manufacturer/Shelf Stable Fruit, Vegetables, Juices, etc.
$120.0
Revolver
Anchorage Capital Partners provided $35.5MM in new equity
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Wachovia Capital Finance
Lead Arranger, Admin. Agent
New York & Company, Inc.
Retailer/Women's Apparel
$118.5
$90MM Revolver/$28.5MM Term Loan
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GE Capital Markets
Sole Lead Arranger, Bookrunner
Arlington Capital Partners
Private Equity Firm
$117.3
Revolver
Supports Daily Racing Form acquisition/GE Media, Communications & Entertainment: admin agent
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PNC Bank
Lender
Sigma International Group Inc
Distributor/Pipe Fittings, Accessories, etc
$110.0
$80MM Revolver/$30MM Term Loan
PNC also arranged a $30MM second lien loan/Supports acquisition by Frontenac Company
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Merrill Lynch Capital
Sole Lead Arranger, Sole Bookrunner, Admin. Agent
Terra Renewal Services, Inc.
Recycler/Liquid Organic Waste, Yellow Grease
$109.0
Revolver
Supports Farming Inc., Blue Iron Equipment, Vista Services acquisitions
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GE Corporate Lending
Lender
Rexnord Funding LLC
Supplier/Power Transmission, Water Management Products
$100.0
Trade A/R Securitization
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Wells Fargo Foothill, Regimen Capital Advisors
Lender
Foothills Resources Inc
Provider/Oil, Gas Exploration
$100.0
$50MM Revolver/$50MM Term Loan
Five-year term
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Regiment Capital Advisors, Wells Fargo Foothill
Lenders
Storm Cat Energy Corp
Provider/Oil & Gas
$80.0
$50MM Revolver/$30MM Term Loan
Maturity: Sept. 27, 2011
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PNC Bank
Lender
Hahn Automotive Warehouse, Inc.
Distributor/Automotive Aftermarket Parts
$80.0
Revolver
Supports Prime Automotive Parts Co. acquisition
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Webster Business Credit
Lender
Meadowcraft, Inc.
Manufacturer/Wrought Iron Patio Furniture, Accessories
$80.0
Revolver
Three-year term
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Ares Capital
Lead Arranger, Admin. Agent, Collateral Agent
Apple & Eve, LLC
Manufacturer/Juice
$78.5
Revolver
Completed in conjunction with ClearLight investment
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National City Business Credit
Lender
Kataman Metals, Inc.
Provider/Factoring, Invoice Financing
$75.0
Revolver
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Bank of America Business Capital
Administrative, Collateral Agent
Bibby Financial Services (Holdings) Inc
Consultant/Non-Ferrous Metal
$75.0
Revolver
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PNC
Lender
Hickory Farms, Inc.
Marketer/Specialty Food Items
$75.0
Revolver
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Bank of America Business Capital
Lender
Wynnchurch Capital
Private Equity Investment Firm
$65.0
$40MM Revolver/$25MM Term Loan
Supports Metzeler Automotive Profile Systems acquisition
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FirstLight Financial
Co-Lead Arranger, Documentation Agent
The Gordian Group
Provider/Data, Technology Services
$52.0
Revolver
Deal Source: The Wicks Group of Companies
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Ableco Finance
Agent
Mini Skool Early Learning Centers Inc
Provider/Child-Care Facilities
$51.5
$5MM Revolver/$36.5MM Term Loan A/$10MM Term Loan B
Supports acquisition
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American Capital
Lender
Republic Financial Corp
Investment Firm: Special Assets, Structured Finance, Private Equity, Aviation
$50.0
Acquisition Line
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Scotia Capital
Lender
Minefinders Corp Ltd
Provider/Precious Metals Mining, Exploration
$50.0
Revolver
Three-year term
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Merrill Lynch Capital
Lead Lender
NxStage Medical , Inc.
Manufacturer/Dialysis Products
$50.0
$20MM Revolver/$30MM Term Loan
Three-and-a-half-year term
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CIT Business Credit
Lender
Rock of Ages Corp.
Manufacturer/Finished Granite Memorials, Blocks
$50.0
$20MM Revolver/$30MM Term Loan
Five-year term/Replaces previous debt
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Bank of America Business Capital
Lender
Fiber Composites, LLC
Manufacturer/Composite Decking, Railing, Fencing
$48.9
$40MM Revolver/$8.9MM Term Loans
Refinances previous debt
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GE Antares Capital Industrial
Admin. Agent
Growth Partners Industries LLC
Private Equity Firm
$48.0
$24MM U.S. Revolver/EUR16.7MM Revolver
Supports Atlas Material Testing Technology acquisition
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GE Capital Markets/GE Media, Communications & Entertainment
Co-Lead Arranger, Sole Bookrunner/Admin. Agent
Long Lines, LLC
Provider/Communications
$47.0
Debt Financing
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Ableco Finance
Lender
Engineered Machine
Products Inc
Manufacturer/Diesel Engine, Power Hydraulic Components
$44.1
$17MM Revolver/$27.1MM Term Loan
Supports refinancing
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GE Capital Markets
Sole Lead Arranger, Sole Bookrunner
CIVC Partners, GrowthPath Capital LLC
Provides/Growth & Buyout Capital, Provider/Private Equity
$43.5
$17.5MM Revolver/$26MM Term Loan
GE Antares Capital: administrative agent
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NewStar Financial
Lead Lender, Admin. Agent
Hackney Ladish, Inc.
Manufacturer/Commodity, Hi-Yield, Specialty Fittings
$43.0
Revolver
Supports partial recap in company
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Monroe Capital
Sole Arranger, Agent
UIB Capital Ltd
Private Equity Firm
$40.5
Revolver
Supports electronics manufacturing services company acquisition
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Wachovia Capital Finance
Sole Lender
Zep Inc
Provider/Specialty Cleaning, Maintenance Solutions
$40.0
A/R Securitization
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Bank of America
Lender
Gander Mountain Co
Retailer/Outdoor Products
$40.0
Term Loan
Supports Overton's Inc acquisition
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NewStar Financial
Sole Lead Arranger, Syndication Agent
Accubuilt Inc
Provider/Specialty Vehicles
$40.0
Revolver
Supports company recap
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Siemens Financial Services
Lender
Merit Mountainside, LLC
Provider/Healthcare
$40.0
$15MM Revolver/$25MM Term Loan
Five-year term/Supports Mountainside Hospital acquisition
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PNC Bank
Lender, Lead Syndicator
American Hardwood Industries LLC
Manufacturer/Lumber Products
$40.0
$25MM Revolver/$15MM Term Loan
Supports Blue Triangle Hardwood, Graham Lumber Company, Hardwood Lumber Manufacturing acquisitions
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Wachovia Capital Finance
Sole Lender
Brittany Stamping LLC
Provider/Industrial, Automotive Stamping
$38.0
Revolver
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Ableco Finance
Agent
Explorico International
Distributor/Oil, Gas Pipe
$37.5
Second Lien Loan
Supports acquisition
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Wachovia Capital Finance
Sole Lender
Glenoit LLC/Ex-Cell Home Fashions, Inc.
Manufacturers/Decorative Bath, Home Fashion Products
$35.0
Revolver
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Crystal Capital Fund
Lender
Al-Morrell Development LLC, Oasis International Waters, Inc.
Provider/Operations, Facilities & Logistics Solutions, Provider/Bottled Water
$35.0
Debt Financing
Refinance previous debt
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Monroe Capital/Ares Capital
Lender/Agent
Sigma International Group Inc
Distributor/Ductile Iron, Cast Iron Fittings
$30.0
Second Lien Facility
Deal Source: Frontenac Company
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Whitebox VSC
Lender
Vitesse Semiconductor Corp.
Developer/Semiconductor Solutions
$30.0
Debt Financing
Four-year term
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Textron Financial Business Credit
Lender
Delta Industrial Services, Inc.
Manufacturer/Specialty Web Converting, Packaging Equipment
$30.0
$26MM Revolver/$4MM Stretch Term Loan
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New Stream Capital
Lender
House of Taylor Jewelry, Inc.
Provider/Jewelry
$30.0
$25MM Revolver/$5MM Term Loan
Three-year term
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Crystal Capital Fund
Documentation Agent, Lead Investor
United Road Services, Inc.
Provider/Vehicle Transportation, Logistic Services
$27.0
Second Lien Term Loan
Supports acquisition by The Gores Group
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Wachovia Capital Finance
Sole Lender
Knopf Automotive LLC
Distributor/New & Used Auto Parts
$25.0
Revolver
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Healthcare Finance Group
Lender
Personal-Touch Home Care, Inc.
Provider/Home Care Services
$25.0
Revolver
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Hercules Technology Growth Capital
Lender
Zayo Bandwidth, Inc.
Provider/Fiber-based Bandwidth Services
$25.0
Debt Facility
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Bridge Finance Group
Lender
Madison-Kipp Corporation
Producer/Machined Components, System Subassemblies
$23.4
$12MM Revolver/$8.4MM Term Loan, CAPEX Line
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PNC Financial Services Group
Lender
EMG Partners
Private Equity Firm
$22.1
$17.5MM Revolver/$4.6MM Term Loan
Supports American Sports Works acquisition
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CIT Group
Lender
Spyglass Cedar Creek LP
Provider/Oil, Gas Exploration, Development
$22.0
Revolver
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IBM Global Financing
Lender
Austin Ribbon & Company
Provider/IT Solutions
$22.0
Revolver
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Ableco Finance
Admin Agent
Wabash Technologies Inc
Manufacturer/Sensors, Fuel Injection
$20.0
Revolver
Supports refinancing
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PNC Bank
Lender
PA Inc
Distributor/Pipe, Tubing, Fittings, Flanges
$20.0
Revolver/Term Loan
Supports acquisition by Freestone Partners
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Wells Fargo Foothill Lender Finance
Lender
Dominion Business Finance, LLC
Provider/Working Capital Financing
$20.0
Revolver
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RBS Citizens Bank
Lender
Dover Saddlery Inc
Retailer/Equestrian Products
$18.0
Line of Credit
BCA Mezzanine Fund led a $5MM sub-debt facility
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GE Capital
Lender
Redstone American Grill Inc
Owner/Upscale Casual Restaurant
$16.5
Revolver
Supports growth
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PNC Bank
Lender
Tri-State Delivery, Inc.
Provider/Specialty Trucking
$15.6
$15MM Revolver/$.6MM Term Loan
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Prospect Capital
Lender
Deb Shops Inc
Retailer/Specialty Apparel
$15.0
Second Lien Investment
Supports acquisition by Lee Equity Partners affiliate
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Citi
Lender
Ready Mixed Concrete Co
Provider/Concrete, Related Products
$15.0
Revolver
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Citi
Lender
Tropic Oil Company Inc
Distributor/Petroleum Products
$15.0
Revolver
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Wells Fargo Bank
Lender
GVI Security Solutions, Inc.
Provider/Video Surveillance Security Solutions
$15.0
Revolver
Three-year term
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Crystal Capital Fund
Agent
Life Generations Healthcare, LLC
Operator/Skilled Nursing Facilities, Assisted Living Facilities
$15.0
Second Lien Term Loan
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NewStar Financial
Sole Lender, Admin. Agent
Mealey's Furniture Holdings, Inc.
Retailer/Furniture
$15.0
Revolver
Supports Mealey's recap by Parallel Investment Partners
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Hercules Technology Growth Capital
Lender
Solarflare Communications, Inc.
Developer/Ten Gigabit Ethernet Technologies
$15.0
Venture Debt Financing
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Patriot Capital Funding
Lender
Housatonic Partners, Tucker Partners
Private Equity Firms
$13.8
Revolver
Supports Aircraft Fasteners International acquisition
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Webster Business Credit
Lender
In Zone, Inc./In Zone Brands, Inc.
Distributor/Beverage Products/Distributor - Insulated Cups, Mugs, etc.
$10.3
Revolver
Three-year term
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National City Business Credit
Lender
The Standard Group
Manufacturer/Paperboard Folding Cartons
$10.0
Revolver
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Square 1 Bank
Lender
MerchantCircle
Provider/Online Networks of Local Business Owners
$10.0
Revolver
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North Fork Bank
Lender
Newtek Business Services, Inc.
Provider/Business Services, Financial Products
$10.0
Revolver
Newtek subsidiary Crystaltech Webhosting will also use facility
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GE Franchise Finance
Lender
FHG Enterprises, Inc.
Franchisee/Checkers Drive-In Restaurants
$10.0
Revolver
Supports Checkers Restaurant refinancing
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North Fork Business Capital
Lender
Sportexe Holdings, LLC
Developer/Indoor, Outdoor Synthetic Turf
$10.0
Revolver
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Hercules Technology Growth Capital
Lender
Diomed Holdings, Inc.
Developer/Minimally Invasive Medical Technologies
$10.0
Term Loan
Three-year term
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Healthcare Finance Group
Lender
Aerocare Holdings, Inc.
Provider/Oxygen, Respiratory Services, Medical Equipment
$9.0
$7MM Revolver/$2MM Term Loan
Supports Durable Medical Equipment sector acquisition
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National City Bank
Lender
Next Inc.
Distributor/Promotional Products, Imprinted Sportswear
$7.5
Line of Credit
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PNC Bank
Lender
ATS Group, LLC
Provider/Staffing, Recruiting, Consulting
$7.3
$6MM Revolver/$1.3MM Term Loan
Supports ATS Services acquisition, Dunhill Staffing Systems merger
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Platinum Funding Group
Lender
U.S. Miniature Lamps, Inc.
Manufacturer/Incandescent, Fluorescent Lamps, Lighting
$7.2
A/R Financing
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Life Sciences Capital
Lender
Cardium Therapeutics, InnerCool Therapies
Manufacturer/Therapeutic Products, Devices
$5.0
Commercial Credit Facility
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Presidential Healthcare Credit Corp.
Lender
Arcadia Products, Inc.
Provider/Alternate Site Healthcare Services, Products
$5.0
Revolver
Three-year term
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Marquette Business Credit
Lender
Aerosol Specialties, LLC
Producer/Private Label, Contract Packaging
$4.9
Revolver
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Marquette Business Credit
Lender
Neopart USA
Distributor/Transit Bus Parts
$4.8
Revolver/Term Loan
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Marquette Business Credit
Lender
Norsan Meats Inc
Distributor/Meat
$4.2
Revolver, Term Loan
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Wells Fargo Business Credit
Lender
ATSI Communications Inc
Operator/Digerati Networks, Telefamilia Communications
$3.0
A/R Facility
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Guaranty Bank
Lender
Decorize, Inc.
Provider/Home Accents
$3.0
Line of Credit
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Toronto-Dominion Bank
Lender
Thermal Energy International Inc
Provider/Energy & Emission Reduction, Bioenergy Solutions
$2.5
Line of Credit
Five-year term
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NewStar Financial
Lender
Nextera Enterprises, Inc.
Operator/Woodridge Labs: Developer/Branded consumer Products
$2.5
Bridge Loan
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Wellington Financial
Lender
Truition, Inc.
Provider in the field of eCommerce Platform technology
$2.5
Venture Debt
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Star Funding
Lender
Zevotek Inc
Manufacturer/IONIC BULB
$2.0
PO, Factoring Facility
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Amcore Bank
Lender
Karbach Holdings Corp.
Provider/Large-Scale, High-Profile Graphics Projects
$2.0
Revolver
Houlihan Smith & Co.: exclusive financial advisor
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Square 1 Bank
Lender
MicroSeismic, Inc.
Provider/Microseismic Monitoring, Passive Seismic Imaging
$2.0
Line of Credit
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Marquette Business Credit
Lender
Victory Energy Services LLC
Provider/Saltwater Disposal
$1.95
Revolver, Term Loans
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Business Alliance Capital Company
Lender
Gudebrod Inc
Manufacturer/Braids, Yarns, Dental Floss, etc
$1.3
$1MM A/R Working Capital Facility/$.3MM 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