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ABF Journal...for the commercial finance professional
  Inside the latest ABF Journal

In the Next Issue of ABFJ
 
 
  ABL Deal Chart
ABL Deal Chart Back to Deal Chart Home
 
 
Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 1/01/08 through 3/31/08

LENDER(S) & ROLE
BORROWER / INDUSTRY
AMOUNT*
STRUCTURE & NOTES
strip strip strip strip
QI 2008 Transactions
Wachovia Capital Finance
Lead Arranger, Admin Agen
Olin Metals
Manufacturer/Copper, Brass Products
$575.0
Revolver
strip
GE Corporate Lending
Lead Lender
Esmark Inc
Producer/integrated Steel
$500.0
Revolver
Replaces previous debt
strip
GE Media, Communications & Entertainment
Admin Agent
Mobilitie Partners LLC
Owner/Telecommunications Towers
$425.0
Revolver
GE Capital Markets, TD Securities: joint bookrunners, joint lead arrangers
strip
Bank of America Business Capital
Lender
Boise Cascade LLC
Manufacturer/Engineered Wood Products
$350.0
Revolver
Banc of America Securities: underwriter
strip
Wells Fargo Bank and
Fortis Merchant Banking
Lender
Pioneer Drilling Company
Provider/Land Contract Drilling Service
$350.0
Revolver
Five-year term/Supports The Wedge Companies acquisition
strip
GE Corporate Lending
Lender
Lord & Taylor
Retailer/Department Store
$300.0
Revolver
Five-year term
strip
GE Corporate Lending
Lead Lender
EaglePicher Corp
Manufacturer/Advanced Technologies, Industrial Products
$265.0
Cash Flow Facility
GE Capital Markets: arranger/Supports company recap
strip
GMAC Commercial Finance
Lender
Dan River Inc
Designer/Textile Products
$255.0
$55MM Revolver/$200MM Factoring Facility
strip
RBC Capital Markets
Underwriter
Allen-Vanguard Corp
Provider/Hazardous Device Protection Solutions
$250.0
$50MM Revolver/$200MM Term Loan
Three-year term
strip
CIT Group
Lender
Wyle Labrotories Inc.
Integrator/Federal Systems
$230.0
Revolver
CIT Aerospace & Defense Finance: joint lead arranger, joint lead bookrunner, syndication agent
strip
GE Corporate Lending
Lender
International Automotive Components Group North America Inc
Supplier/Automotive Parts
$200.0
Revolver
GE Capital Markets: arranger
strip
Bank of America Business Capital
Lender
Salton Inc
Distributer/Appliances, Pet, Personal Care Products
$200.0
Revolver
Banc of Securities: syndicator/Supports merger with APN Holding Company
strip
Bank of America
Agent
Multi-Color Corporation
Provider/Decorating Solutions
$200.0
Revolver
Five-year term/Supports Collotype International Holdings acquisition
strip
GE Corporate Lending
Lender
Steve & Barry's
Retailer/Apparel, Accessories
$197.0
Revolver
GE Capital Markets: arranger
strip
Wachovia Capital Finance
Lead Arranger, Admin. Agent
National Dairy Holdings LP
Processor/Dairy Products
$190.0
Revolver
strip
Wachovia Capital Finance
Lead Arranger, Admin. Agent
Remington Arms Company Inc
Manufacturer/Rearms, Ammunition
$180.0
Revolver
strip
Wachovia Capital Finance
Lead Arranger, Admin. Agent
Transmontaigne Inc
Distributor/Refined Petroleum Products
$175.0
Revolver
strip
Bank of America Business Capital
Lender
Longview Fibre Paper and
Packaging Inc
Manufacturer/Specialty Paper, Containers
$170.0
Revolver
Banc of America Securities: syndicator
strip
GE Healthcare Financial Services
Lender
Odyssey HealthCare Inc
Operator/Medicare-certified Hospice Care Locations
$160.0
Revolver
Supports acquisition of VistaCare
strip
RBC Capital Markets, GE Corporate Lending
Joint Lead Arrangers, Bookrunners
Switch & Data Facilities Company Inc
Provider/Internet Exchange, Colocation Services
$157.0
$15MM Revolver/$142.5MM Term Loans
Royal Bank of Canada: admin. agent
strip
WestLB
Lender
Horizon Technology Finance LLC
Provider/Funds to Life Science, Technology Companies
$150.0
$150MM Revolver
Compass Group Investments provided additional $50MM
strip
GE Capital
Lender
Odyssey HealthCare Inc
Provider/Hospice Care
$150.0
$30MM Revolver/$120MM Term Loan
Supports VistaCare, Inc. acquisition/Revolver: five-year term; Term Loan: six-year term
strip
BMO Capital Markets
Lead Arranger
DG FastChannel Inc
Provider/Digital Media Services
$145.0
$30MM Revolver/$115MM Term Loans
Six-year term/Participants: Wachovia, Webster Bank, Citibank, Fifth Third, First Tennessee, First Bank, Bank of the West
strip
RBS Greenwich Capital/RBS Citizens
Sole Lead Arranger/Admin Agent
Gerber Scientific Inc
Supplier/Automated Manufacturing Systems
$125.0
Revolver
Five-year term/Sovereign Bank: documentation agent; JP Morgan, HSBC, Merrill Lynch, Bank of America participated
strip
GE Corporate Lending
Lender
Winner Steel Inc
Producer/Galvanized Steel
$115.0
Revolver
GE Capital Markets: arranger/Deal Source: Novolipetsk Steel, Duferco Group
strip
GE Corporate Lending
Lender
MAG Industrial Automation Systems Group
Manufacturer/Machine Tools, Systems
$110.0
Revolver
GE Capital Markets: arranger
strip
Bank of America, Wells Fargo Retail Finance
Lenders
Duckwall-ALCO Stores Inc
Operator/Discount Retailer
$110.0
Revolver
Three-year term/Replaces previous debt
strip
J.P. Morgan Securities, JPMorgan Chase Bank
Sole Lead Arranger, Sole Bookrunner
Griffon Corp
Manufacturer/Garage Doors
$100.0
Revolver
strip
SunTrust Robinson Humphrey/SunTrust Bank
Sole Lead Arranger, Book Manager/Admin Agent
JTH Tax Inc (d/b/a Liberty Tax Service)
Provider/Retail Tax Preparation
$100.0
Revolver
Five-year term/Participants: Wachovia, BofA, RBC Centura Bank, BB&T, Citizens, Commerce, First Tennessee, Comerica, Second Bank & Trust
strip
KeyBank
Lender
Cogdell Spencer Inc
Investor/Specialty Medical Office Buildings
$100.0
Term Loan
BofA arranged $150 credit line/Supports acquisition of Marshall Erdman and Associates
strip
KeyBank
Lender
Concord Debt Holdings LLC
Provider/Joint Venture Debt
$100.0
Revolver
strip
Bank of America Business Capital
Lender
Nautilus Inc
Provider/Fitness Products
$100.0
Revolver
Five-year term
strip
National City Business Credit
Lender
Filene's Basement Inc
Retailer/Excess Merchandise
$100.0
Revolver
strip
Bank of America
Syndicator, Lender
Nautilus Inc
Provider/Fitness Products
$100.0
Line of Credit
Five-year term
strip
Bank of America
Lender
Nautilus Inc
Provider/Fitness Products
$100.0
Revolver
Five-year term/Replaces previous facility
strip
Bank of America
Lender
Nautilus Inc
Provider/Fitness Products
$100.0
Revolver
Five-year term/Replaces previous facility
strip
GE Corporate Lending
Lender
Rand Logistics Inc
Provider/Bulk Freight Shipping Services
$98.7
U.S./Canadian facilities
GE Capital Markets: arranger
strip
GE Healthcare Financial Services
Lender
EKR Therapeutics Inc
Provider/Specialty Pharmaceutical Products
$95.0
$15MM Revolver/$80MM Term Loan A
strip
National Amusements
Lender
Midway Games Inc
Developer/Interactive Entertainment Software
$90.0
Revolver
Replaces previous facility with Wells Fargo Foothill
strip
KeyBanc Capital Markets
Arranger
Kratos Defense and Security Solutions Inc
Provider/Engineering, Security, Surveillance, IT, War Fighter Solutions
$85.0
Revolver
Supports Haverstick Consulting acquisition
strip
PNC Capital Markets
Lead Lender
GSI Commerce Inc
Provider/E-commerce Solutions
$75.0
Revolver
Participants: Bank of America (syndication agent), HSBC Bank, Sovereign Bancorp/Five-year term
strip
CapitalSource
Lender
American Laser Centers Inc
Provider/Laser Hair Removal, Aesthetic Services
$70.0
Revolver/Term Loan
Deal Source: Code Hennessy & Simmons LLC and Edgewater Capital Partners
strip
PNC Bank
Lead Syndicator, Lender
The Blossman Companies Inc
Distributor/Propane
$70.0
$60MM Revolver/$10MM Term Loan
strip
Bank of America Business Capital
Lender
Summit Electric Supply Co Inc
Distributor/Electrical Materials
$60.0
Revolver
strip
Ares Capital
Lead Arranger
Campus Management Corp
Provider/Administrative Software Solutions
$59.0
Revolver/Term Loans
Deal Source: Leeds Equity Partners
strip
GE Media, Communications & Entertainment
Admin. Agent
Reading International Inc
Operater/Multiplex Cinemas
$55.0
Acquisition Financing
GE Capital Markets: sole lead arranger/Support cinema acquisitions
strip
GE Media, Communications & Entertainment
Admin Agent
ENK International
Organizer/Fashion Industry Tradeshow
$55.0
Revolver
strip
U.S. Bank, Wells Fargo
Syndicators
Westaff (USA) Inc
Provider/Staffing Services
$50.0
Revolver
Five-year term/Replaces previous debt with GE Capital, BofA
strip
GE Healthcare
Lender
The Ensign Group Inc
Provider/Skilled Nursing, Rehab Services, Assisted Living
$50.0
Revolver
strip
Ares Capital
Sole Lead Arranger, Admin Agent
Wyle Labs
Contractor/Government Services
$50.0
Second Lien Term Loan
Supports RS Information Systems acquisition
strip
WestLB
Sole Arranger, Bookrunner, Admin Agent
Nova Biosource Fuels Inc
Provider/ASTM Standard Biodiesel
$41.0
$36MM Construction Loan/$5MM Working Capital Facility
strip
GE Franchise Finance
Lender
Back Bay Restaurant Group Inc
Operator/Restaurants
$40.0
$15MM Revolver/$25MM Term Loan
strip
KeyBank
Lender
Comstock Homebuilding Companies Inc
Operator/Real Estate Development Firm
$40.0
Revolver
Three-year term/Supports refinancing
strip
GE Media, Communications & Entertainment
Sole Lender, Admin Agent
GAPWEST Broadcasting LLC
Owner/Radio Stations
$33.0
Revolver
strip
Wachovia Capital Finance
Sole Lender
Von Weise Inc
Manufacturer/AC/DC Motors, Blowers, Actuators
$32.5
Revolver/Term Loan
strip
PNC Bank
Lender
Findlay Industries Inc
Supplier/Auto, Truck Interior Parts
$30.0
Revolver
Refinances previous debt
strip
Burdale Financial
Lender
Corgi International Limited
Provider/Collectibles, Gifts, Toys
$30.0
Revolver
Three-year term
strip
Golub Capital
Lender
Missouri Metals LLC
Manufacturer/Specialty Metal Components
$27.5
Revolver
Deal Source: Metal Spinners
strip
Wachovia Capital Finance
Sole Lender
Elyria Foundry Co
Manufacturer/Metal Casting
$25.0
Revolver
strip
JP Morgan Chase Bank
Lender
Almost Family Inc
Operates/Home Health Branches
$22.5
Revolver
Supports Apex Home Healthcare Services acquisition
strip
Monroe Capital
Agent
Gulf Coast Machine & Supply Co Inc
Provider/Forgings
$21.0
Term Loan
Supports company recap by Industrial Opportunity Partners
strip
Oxford Finance
Lead Lender
Aerovance Inc
Operator/Biopharmaceuticals
$20.0
Venture Debt
Silicon Valley Bank, Comerica Bank participated
strip
Wachovia Bank
Lender
Kowabunga Inc
Provider/Interactive Advertising Networks, Platforms
$20.0
$15MM Revolver/$5MM Term Loan
strip
GE Healthcare Financial Services
Lender
Helicos BioSciences Corp
Provider/Genetic Analysis Technologies
$20.0
Revolver
strip
Wachovia Capital Finance
Sole Lender
Louis Hornick & Co Inc
Provider/Forgings
$18.6
Revolver/Term Loan
Manufacturer/Window Treatments
strip
Wachovia Capital Finance
Sole Lender
Wakefield Thermal Solutions Inc
Manufacturer/Aluminum Extrusions
$18.0
Revolver/Term Loan
strip
PNC Bank
Lender
Engineered Machined Products Inc
Producer/Engine Cooling Pumps
$17.0
Revolver
Refinances previous debt
strip
The Patriot Group
Lender
Merchant Cash and Capital LLC
Provider/Merchant Advance Services
$17.0
Revolver
Two-year term
strip
GE Healthcare Financial Services
Lender
CryoLife Inc
Provider/Implantable Living Human Tissue Processing
$15.0
Revolver
strip
CIT Commercial Services
Sole Lender
Winery Exchange Inc
Provider/Premium Beverage Alcohol Brands
$15.0
Revolving Credit Line
strip
Key Bank
Lender
Aldila Inc
Provider/Graphite Golf Shafts
$15.0
Revolver/Term Loan
Five-year term
strip
PNC Bank
Lender
Visador Holding Corp and subsidiaries
Holding Company
$14.0
Revolver
Refinances existing debt
strip
PNC Bank
Lender
Aacer Flooring LLC
Producer/Flooring Products
$14.0
Revolver
strip
PNC Bank
Lender
Wolf River Lumber Inc
Producer/Lumber
$13.0
Revolver
strip
Wachovia Capital Finance
Sole Lender
Agrifos Fertilizer Inc
Manufacturer/Fertilizer
$13.0
Revolver
Manufacturer/Window Treatments
strip
PNC Bank
Lender
Cord Crafts Inc
Supplier/Artificial Plants, Flowers, Arrangements
$13.0
$12MM Revolver/$1MM Term Loan
Deal Source: Crystal Ridge Partners
strip
PNC Bank
Lender
The Hines Group Inc and subsidiaries
Holding Company
$12.0
$6MM Revolver/$6MM Term Loan
Refinances existing debt
strip
Wachovia Capital Finance
Sole Lender
Acushnet Rubber Co
Manufacturer/Engineered Elastomeric Components
$11.0
Revolver
Manufacturer/Window Treatments
strip
PNC Bank
Lender
Workspace Outfitters Inc
Provider/Remanufactured Office Furniture
$10.7
$10MM Revolver/$.7MM Term Loan
Supports Smart Office Advisors and Modular Manufacturing Holdings acquisitions
strip
Silicon Valley Bank
Lender
SatCon Technology Corp
Manufacturer/Electronics, generators/motors
$10.0
Revolver
strip
Wells Fargo Business Credit
Lender
Sportexe Construction Services
Supplier/Official Turf System
$10.0
Credit Line
Owner, Insight Equity, negotiated deal
strip
GE Healthcare
Lender
Archus Orthopedics
Developer/Reconstructive Implants
$10.0
Revolver
strip
Bridge Finance Group
Lender
ArborCraft LLC
Manufacturer/Hardwood Flooring
$9.0
Revolving Credit Line
strip
PNC Bank
Lender
Epperson Lumber Sales Inc
Distributor/Specialty Lumber
$8.5
Revolver
strip
CIT Commercial Services
Sole Lender
K/P Corp
Provider/Marketing Solutions
$8.0
Revolving Credit Line/Term Loan
strip
Wachovia Capital Finance
Sole Lender
USfalcon Inc
Provider/IT, Engineering Services
$8.0
Revolver
strip
Wachovia Capital Finance
Sole Lender
Raritan Computer Inc
Provider/KVM products, Power, Server, Network Monitoring
$6.5
Revolver
strip
Burdale Capital Finance
Lender
Avon Automotive
Supplier/Low-Pressure Rubber, Plastic Hoses
$6.5
Revolver
strip
Wachovia Capital Finance
Sole Lender
The Muralo Company Inc
Manufacturer/Paint
$6.0
Revolver/Term Loan
strip
Green Bank
Lender
SPACEHAB Inc
Provider/Products, Services to Space Industry
$6.0
$2MM Revolver/$4MM Term Loan
Three-year term/Supports company restructuring
strip
Marquette Business Credit
Lender
Symons Frozen Foods Inc
Processor/Frozen Berries, Peas, Corn
$5.7
Revolving Credit Line
strip
PNC Bank
Lender
Cascade Metal Forming Inc
N/A
$5.5
$3MM Revolver/$2MM Term Loan/.5MM CAPEX Facility
Supports Tri-Fab Associates acquisition
strip
Bank of America
Lender
GSE Systems Inc
Provider/Training Simulators, Educational Solutions
$5.0
$3.5MM Foreign A/R/$1.5MM Domestic A/R
Replaces Laurus Master Funds line of credit
strip
Proficio Bank
Working Capital
The Moving Station Lender
Provider/Relocation Services
$5.0
Revolving Credit Line
strip
New Stream Capital
Lender
Paul Frank Industries Inc
Designer, Retailer/Apparel
$5.0
Term Loan
strip
Wells Fargo Business Credit
Lender
Patrick Hackett Hardware Company
Operator/Department Store
$5.0
Credit Line
strip
International Bank of Commerce
Lender
Vaughan Foods Inc
Provider/Vegetables, Fruit products, Prepared Foods
$5.0
Revolver
Three-year term
strip
Bridge Business Bancorp
Lender
Olhausen Billiard Manufacturing Inc
Manufacturer/Billiard Tables
$4.5
Revolver
strip
Capital TempFunds
Lender
Kineticom Inc
Provider/Staffing Talent
$4.0
Revolver
strip
MMV Financial
Lender
Pivot Inc
Provider/Real-Time Collaboration Network
$3.0
Revolver
strip
Proficio Bank
Lender
American Escrow and Closing Company
Provider/Domestic, International Relocation Assistance
$3.0
Credit Line
strip
Keltic Financial Partners
Lender
EP MedSystems Inc Lender
Manufacturer/Cardiac Rhythm Management Products
$3.0
$1.5MM Revolver/$1.5MM Term Loan
Three-year term
strip
Marquette Business Credit
Lender
Continuum Transportation Services Inc
Provider/Logistics Services
$2.5
Revolver
strip
Silicon Valley Bank
Lender
Global Telecom & Technology Inc
Operator/Multi-Network
$2.0
Revolver
strip
Marquette Commercial Finance
Lender
US Standard Enterprise Corp
Distributor/Pasteurized Crabmeat, Frozen Sea Bass
$2.0
Revolver
strip
Moriah Capital
Lender
Optimira Energy Inc
Provider/Energy Services
$2.0
Revolving Line of Credit
strip
Integra Bank
Lender
Beacon Enterprise Solutions Group Inc
Provider/Technology, Telecommunications Services
$1.1
$.6MM Term Loan/$.5MM Credit Line
Supports Dataside acquisition
strip
Finexcorp
Lender
Lyrtech Inc
Manufacturer/Digital Signal Processing Solutions
$1.1
A/R Facility
strip
* Deal Size in Millions

To have your company's transactions listed on abfjournal.com's Deal Charts and Daily News Headlines, as well as in print in ABF Journal's Notable Transactions Charts, contact Stuart Papavassiliou at sppapa@abfjournal.com or 800.708.9373 x124