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Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 7/01/08 through 9/30/08

LENDER(S) & ROLE
BORROWER / INDUSTRY
AMOUNT*
STRUCTURE & NOTES
strip strip strip strip
QIII 2008 Transactions
JPMorgan Chase/Bank of America
Admin Agent, Collateral Agent/Syn Agent
Office Depot Inc
Retailer/Office Productss
$1.3B
Revolver
Citibank, Wachovia, GE were documentation agents/Replaces previous facility
strip
Bank of America Business Capital
Co-Agent
United Rentals Inc
Provider/Equipment Rentals
$1.3B
Revolver
Banc of America Securities led the syndication
strip
Wachovia Capital Finance
Co-Lead Arranger, Administrative Agent
Vistar Corporation
Distributor/Food Products
$1.1B
Revolver
strip
Bank of America
Sole Lead Arranger, Admin Agent
Genesee & Wyoming Inc
Operator/Short Line, Regional Railroads
$570.0
$300MM Revolver/$270MM Term Loans
Five-year term/Supports Ohio Central Railroad System acquisition
strip
PNC Capital Markets, JP Morgan Securities, RBS Greenwich Capital
Co-Lead Arrangers
Wabtec Corp
Provider/Rail, Transit Technology Products, Services
$500.0
Revolver/Term Loan
Supports acquisition of Standard Car Truck
strip
Wachovia Capital Finance
Lead Arranger, Administrative Agent
Maxim Crane Works LP
Provider/Crane Rentals
$500.0
Revolver
strip
JPMorgan Securities
Lead Arranger, Sole Bookrunner
Henry Schein Inc
Distributor/Healthcare Products, Services
$400.0
Revolver
Maturity: September 2013
strip
JPMorgan Chase/Comerica Bank
Admin Agent/Collateral Agent
Media Rights Capital
Operator/Film, TV, Digital Studio
$350.0
Revolver
Three-year term/BofA, Union Bank, Citibank, RBS, CIT, U.S. Bank, City National Bank, First California Bank participated
strip
Wachovia Bank/Bank of America/U.S. Bank
Admin Agent/Syn Agent/Doc Agent
Pediatrix Medical Group Inc
Provider/Neonatal, Pediatric Physician Subspecialty Services
$350.0
Revolver
Five-year term/Wachovia Capital Markets: joint lead arranger, sole bookrunner/Banc of America Securities: joint lead arranger
strip
CIT Business Credit Canada/JPMorgan Chase Bank
Co-Lead Arrangers
Catalyst Paper Corp
Producer/Specialty Papers, Newsprint
C$330.0
Revolver
Five-year term/CIT Business Credit Canada: agent/Replaces previous C$350MM facility
strip
Bank of America Securities/Wells Fargo/The Bank of Nova Scotia/Wachovia
Joint Lead Arrangers, Joint Book Managers
Bally Technologies Inc
Provider/Slots, Video Machines, Casino Management Systems
$300.0
$75MM Revolver/$225MM Term Loan
Four-year term/Refinances existing term loan
strip
GE Capital
Lender
Perfumania Holdings Inc
Retailer/Fragrances
$250.0
Revolver
Supports acquisition of Model Reorg
strip
JPMorgan Chase Bank
Administrative Agent
Crusader Energy Group Inc
Provider/Oil, Gas
$250.0
Second Lien Term Facility
Five-year term/Replaces existing $30MM second lien term facility with UnionBanCal Equities
strip
CIT Group
Lender
Vision Logistics Holding Corp
Provider/Oil, Gas Transportation Services
$190.0
Revolver
Supports reorganization
strip
JP Morgan
Lead Lender
Entertainment One Ltd
Provider/Entertainment Content
$150.0
Revolver
Bank of America, Barclays and Toronto Dominion Bank also participated
strip
PNC Bank
Agent, Lender
Federated Investors Inc
Investment Manager
$140.0
Term Loan
Three-year term
strip
Regions Business Capital
Lead Arranger, Admin Agent, Sole Bookrunner
Angelica Corp
Provider/Textile Rental, Linen Mgt Services
$138.0
$100MM Revolver/$38MM Term Loan
Supports Angelica Corp acquisition by Lehman Brothers Merchant Banking
strip
GE Commercial Finance
Lead Arranger
Selig Sealing Products Inc
Manufacturer/Cap, Closure Lining Materials
$125.0
Revolver
Supports Unipac acquisition/Madison Capital Funding, BMO Capital Markets participated
strip
CIT Energy
Sole Lead Arranger
Arcadia Gas Storage LLC
Operator/Salt Dome Natural Gas Storage
$125.0
Revolver
strip
American Capital
Co-syndication Agent, Lead Investor
YORK Label
Provider/Pressure Sensitive Labels
$110.0
Senior Debt/Mezzanine Debt
Supports acquisition by Diamond Castle Holdings
strip
Wells Fargo Foothill
Lender
Wall Street Systems Inc
Provider/Treasury, Trading, Settlement Solutions
$105.0
Revolver
Golub Capital participated
strip
Ableco Finance
Lender
Mahalo Energy Ltd
Producer/Natural Gas
$105.0
$65MM Revolver/$40MM Term Loans
Four-year term
strip
Ares Capital
Lead Arranger
Vantage Oncology Inc
Operator/Radiation Oncology Centers
$100.0
Term Loan
Supports future acquisitions
strip
Bank of America/JPMorganChase/Textron Financial
Lead Lenders
Covenant Transportation Group Inc
Holding Company/Transportation Providers
$85.0
Revolver
strip
HSBC Bank Canada
Lender
Redcorp Ventures Ltd
Provider/Mineral Exploration, Development
$85.0
Non-Revolving Loan
Replaces previous $64MM facility from HSBC Bank Canada
strip
Wachovia Capital Finance
Co-Lead Arranger, Syndication Agent
Zeledyne LLC
Manufacturer/Auto, Commercial Glass
$80.0
Revolver
strip
GE Capital Solutions, Commercial Distribution Finance
Lender
Intelligent Decisions Inc
Provider/IT Solutions
$75.0
Credit Line
strip
GE Healthcare Financial Services
Sole Lead Arranger, Sole Bookrunner, Administrative Agent
The Schumacher Group
Provider/Emergency Medicine Management
$75.0
Revolver
strip
Bank of America Business Capital
Lender
Sport Chalet Inc
Operator/Sporting Goods Chain
$70.0
Revolver
strip
CIT Energy
Sole Lead Arranger
Petro Resources Corp
Operator/Oil, Natural Gas Company
$65.0
$50MM Revolver/$15MM Second Lien Term Loan
Supports payoff of debt from Williston Basin acquisition
strip
CIT Capital Securities
Sole Lead Arranger, Sole Bookrunner
Petro Resources Corp
Producer/Oil, Natural Gas
$65.0
$50MM Revolver/$15MM Second Lien Term Loan
strip
PNC Bank
Lender
Torqued-Up Energy Services Inc
Provider/Oilfield Services
$60.0
Revolver
Supports acquisition of Cougar Pressure Control
strip
Wells Fargo Foothill Lender Finance
Arranger
Hercules Technology Growth Capital Inc
Provider/Venture Debt, Equity
$50.0
Revolver
strip
CIT
Lead Arranger
Delta Rigging & Tools Inc
Provider/Wire Rope, Rigging, Lifting Equipment
$50.0
Revolver
Supports acquisition by Austin Ventures
strip
Texas Capital Bank
Lender
EnerJex Resources Inc
Provider/Oil, Natural Gas
$50.0
Revolver
Three-year term
strip
GMAC Commercial Finance
Documentation Agent
UMA Enterprises Inc
Importer/Home Decor Products
$48.0
Revolver
Supports acquisition by Long Point Capital
strip
CIT Group
Lead Arranger
Pocket Communications
Provider/Wireless, Voice Data Services
$45.0
Revolver
CIT Communications Media & Entertainment: agent
strip
Bank of America Business Capital
Lender
The NutraSweet Co
Producer/Aspartame
$40.0
$25MM Revolver/$15MM Term Loan
Refinances existing debt
strip
U.S. Bank, Bank of the West
Agent, Lender/Lender
GameTech International Inc
Manufacturer/Computerized Gaming Equipment
$40.0
Revolver
Refinances existing corporate debt
strip
Bank of America Business Capital
Lender
Big M Inc
Retailer/Women's Apparel
$40.0
Revolver
Refinances existing debt
strip
Wachovia Capital Finance
Agent, Lender
Kinergy Marketing LLC
Provider/Ethanol Marketing
$40.0
Revolver
Three-year term/Wachovia Capital Markets was sole lead arranger, bookrunner
strip
Wachovia Capital Finance
Sole Lender
Norwood Promotional Products Inc
Supplier/Promotional Products
$40.0
Revolver
strip
PNC Bank
Lender
APAC Customer Services, Inc
Provider/Customer Care Services
$40.0
Revolver
strip
Wells Fargo Foothill and Gladstone Capital
Lender
VantaCore Partners LP
Buyer/Aggregate Businesses
$39.0
First, Second Lien Loans
Supports Southern Aggregates acquisition
strip
Wells Fargo Retail Finance
Lender
Papyrus
Retailer/Greeting Cards, Stationery, Gifts
$35.0
Revolver
strip
Scotia Capital, Goldman Sachs, Credit Suisse
Arrangers
Aircell LLC
Provider/Airborne Communications
$35.0
Term Loan
strip
Healthcare Finance Group
Lender
Prime Healthcare Services Inc
Operator/Acute Care Hospitals
$34.0
Revolvers
Supports acquisition of four hospitals
strip
Steel City Capital Funding
Lender
Geotrace Technologies Inc
Provider/Oil, Gas Reservoir Services Solutions
$30.0
$12MM Revolving Credit Line/$18MM Term Loan
strip
TD Banknorth
Lender
Cyalume Light Technologies Inc
Provider/Safety Training Products
$30.0
$5MM Revolver/$20MM Term Loan/$5MM Mortgage Loan
Revolver; Three-year term/Term, mortgage loan: Five-year terms
strip
Wachovia Capital Finance
Sole Lender
McGregor Golf Co
Manufacturer/Golf Clubs, Apparel
$30.0
Revolver
strip
Wachovia Capital Finance
Sole Lender
South Texas Shrimp Processors Inc
Processor/Shrimp
$30.0
Revolver/Term Loan
strip
Wells Fargo Foothill
Lender
Bluegreen Corp
Provider/Colorful Places to Live and Play
$30.0
Revolving Credit Line
Facility matures on December 31, 2010
strip
CIT Group
Joint Lead Arranger
Southern California Pizza Co
Operator/Restaurants
$29.3
Revolver/Term Loan
Supports acquisition of 123 Pizza Hut restaurants/Deal Source: Sentinel Capital Partners
strip
Sovereign Business Capital
Lender
North American Propane Inc
Operator/Energy Companies
$29.2
$25MM Revolving Credit Line/$2.7MM Term Loan/$1.5MM Equipment Credit Line
strip
PNC Bank
Lender
Banner Aerospace Holding Company I Inc
Distributor/Aircraft Parts
$28.0
Revolver
Refinances existing facility/Supports acquisition
strip
GE Healthcare, Silicon Valley Bank
Lenders
Poniard Pharmaceuticals Inc
Provider/Biopharmaceuticals
$27.6
Term Loan
Term: 42 months
strip
First Victoria National Bank
Lender
Mitcham Industries Inc
Supplier/Geophysical Equipment
$25.0
Revolver
Two-year term
strip
Canadian Imperial Bank of Commerce
Lender
Fraser Papers Inc
Producer/Packaging, Printing Papers
$25.0
Term Loan
One-year term
strip
Wells Fargo Bank
Lender
Winnebago Industries Inc
Manufacturer/Motor Homes, Products
$25.0
Revolver
Two-year term
strip
PNC Bank
Lender
AirNet Systems Inc
Provider/Air Charters, Transportation Services
$25.0
Revolver
Supports acquisition by Bayside Capital
strip
Wells Fargo Foothill
Arranger
AFS Technologies Inc
Provider/Food, Beverage Software
$25.0
Revolver
CIBC Capital Partners, Ticonderoga Capital provided $13MM in equity/Supports acquisitions
strip
GMAC Structured Finance - Health Capital Group
Structurer, Underwriter, Agent
Great Expressions Dental Centers Inc
Manager/Dental Practices
$23.5
Revolver
Supports acquisition by The Audax Group
strip
Goldman Sachs Credit Partners
Lender
iWeb Group Inc
Provider/IP Hosting Services
$22.0
Revolver
strip
BlueCrest Capital Finance
Lender
Omeros Corp
Developer/Inflammation, Central Nervous System Products
$20.0
Term Loan
Two-year term
strip
Golub Capital
Lender
Davis Calibration Services
Provider/Calibration, Repair, Certification Services
$20.0
$4MM Revolver/$16MM Term Loan
Supports company recap/Deal Source: JPB Enterprises
strip
Regions Bank
Lender
Parlux Fragrances Inc
Manufacturer/Prestige Products
$20.0
Revolver
Two-year term
strip
PNC Bank
Lender
Magic Circle Corp
Manufacturer/Dixie Chopper Lawn Mowers
$20.0
Revolver
Refinances existing debt
strip
CORE Business Credit
Lender
New England Confectionery Co
Manufacturer/Candy
$19.2
Revolver
Supports seasonal working capital needs
strip
Oxford Finance, CIT Healthcare
Lenders
Zogenix Inc
Provider/Specialty Pharmaceuticals
$18.0
Revolver
strip
Webster Business Credit
Lender
Nancy Sales Company Inc
Distributor/Plush Animals
$17.5
Revolving Credit Line
strip
Wachovia Capital Finance
Sole Lender
Cheeseworks Inc
Distributor/Specialty Foods
$15.5
Revolver
strip
PNC Bank
Lender
LPI Holding Company Inc
Supplier/Recycled Compounds
$15.1
$10MM Revolver/$5.1MM Term Loans
Refinances existing debt
strip
PNC Bank
Lender
Leading Edge Logistics LLC
Provider/Third-Party Logistics
$15.0
Revolver
Supports growth
strip
Wachovia Capital Finance
Sole Lender
Bunker International Corp
Provider/Marine Fuel Industry
$15.0
Revolver
strip
SunTrust Bank
Lender
Pinnacle National Bank
Provider/Investment Banking Services
$15.0
Term Loan
strip
Webster Business Credit
Agent
Royal Park Uniforms Inc
Manufacturer/Uniforms
$14.0
Revolver
strip
Bridge Finance Group
Lender
Hill Enterprises Inc
Distributor/Oil, Lubricant, Fuel
$14.0
Revolving Credit Line
Supports acquisition of Cox Oil Company/U.S. Bank served as co-lender
strip
First Capital
Lender
Fleetwood Folding Trailers Inc
Manufacturer/Folding, Camping Trailers
$12.5
Revolver
Supports acquisition by Blackstreet Capital Partners
strip
City National Bank
Lender
Althea Technologies Inc
Provider/Therapy Manufacturing Services
$12.0
Revolver/Equipment Loan
strip
PNC Bank
Lender
Degussa Initiators LLC
Manufacturer/Organic Specialty Chemicals
$12.0
$10.5MM Revolver/$1.5MM Term Loan
Supports acquisition of Evonik Industries
strip
Oxford Finance, Silicon Valley Bank
Lender
Medivance Inc
Manufacturer/Medical Devices
$12.0
$4MM Revolving Credit Line
strip
PNC Bank
Lender
Home Source International Inc Lender
Logistics Manager/Home Textile Products
$10.75
$10MM Revolver/$.75MM Term Loan
Refinances existing debt
strip
Silicon Valley Bank, Oxford Finance
Lenders
Biolex Therapeutics Inc
Provider/Clinical-Stage Biopharmaceuticals
$10.5
Revolver
strip
PNC Bank
Lender
Tradewinds Aircraft Services LLC
Supplier/Commercial Aircraft Components
$10.3
$10MM Revolving Credit Line/$.25MM Term Loan
Supports acquisition by STS Component Solutions
strip
Bank of America
Lender
East Air Corporation
Lessor/Aviation Rotable Components
$10.0
Revolver
strip
Webster Business Credit
Lender
Work 'N Gear LLC
Operator/Retail Chain
$10.0
Revolver
strip
Bank of America
Lender
LCC International Inc
Provider/Wireless Voice, Data Turnkey Services
$9.0
Revolver
Supports growth, restructuring
strip
New Stream Capital
Lender
Snapware Corp
Manufacturer/Food, Home-Storage Containers
$8.5
Revolver
strip
Wachovia Capital Finance
Sole Lender
Jensen Meat Company Inc
Manufacturer/Ground Beef
$8.3
Revolver/Term Loan
strip
Sovereign Business Capital
Lender
Blonder Tongue Laboratories Inc
Provider/Integrated Broadband Network Solutions
$8.0
$4MM Revolving Credit Line/$4MM Term Loan
Three-year term/Refinances existing debt with National City Business Credit
strip
PNC Bank
Lender
DRI Corp
Provider/Digital Communications Technology
$8.0
Revolving Credit Line
Three-year term/BHC Interim Funding III provided three-year $5MM loan
strip
Affinity Bank Healthcare Financial Services
Lender
Ramona Manor Convalescent Hospital, Ramona Manor Property
Operator/Skilled Nursing Facility
$7.3
$1MM Revolving Credit Line/$.5MM Over-Line/$5.8MM Real Estate Loan
strip
Silicon Valley Bank
Lender
Anulex Technologies Inc
Developer/Soft Tissue Repair Products
$7.0
Term Loan
Supports company research, development
strip
GE Capital Solutions CDF
Lender
IPLogic Inc
Provider/Voice, Data, Multimedia Solutions
$7.0
Credit Line
strip
Bridge Finance Group
Lender
Wafer Reclaim Services LLC
Refurbisher/Used Wafers
$7.0
$5MM Revolving Credit Line/$2MM Term Loan
Supports Montco Silicon Technologies acquisition
strip
Webster Business Credit
Lender
Alexander Doll Company Inc
Designer/Dolls
$7.0
Revolving Credit Line
strip
Sovereign Business Capital
Lender
Casa Imports
Distributor/Imported Italian Specialty Foods
$6.6
Revolving Credit Line
strip
Marquette Business Credit
Lender
LV Luxury Holdings
Retailer/Watches, Jewelry
$6.5
Revolver
strip
Gemino Healthcare Finance
Lender
Gulf States Health Services Inc
Operator/Acute Care Hospitals
$5.0
Revolving Credit Line
Pays off existing debt
strip
Silicon Valley Bank
Lender
Lantronix Inc
Provider/Secure Communication Technologies
$5.0
$3MM Revolver/$2MM Term Loan
Revolver: two-year term/Term loan: three-year term
strip
Ashford Finance
Lender
American Scientific Resources Inc
Holding Company
$5.0
Credit Line
Supports financing for Kidz-Med subsidiary
strip
RBC Centura Bank
Lender
Bovie Medical Corp Lender
Manufacturer/Electrosurgical Products
$5.0
Revolving Credit Line
Replaces previous $1.5MM credit line with BofA
strip
Silicon Valley Bank
Lender
PokerTek Inc
Provider/Automated Poker Tables
$5.0
Revolver
One-year term
strip
Monroe Capital
Co-Lender
Sexy Hair Concepts LLC
Distributor/Hair Care Products
$5.0
Revolver
Supports acquisition by private equity firm
strip
Monroe Capital
Co-Lender
Cunningham & Lindsey Group Ltd
Provider/Insurance Services
$5.0
Revolver
strip
Webster Business Credit
Lender
Cleveland Die & Manufacturing Company Inc
Manufacturer/Metal Stamped Products
$5.0
Revolver
strip
Webster Business Credit
Lender
Seder Foods Corp
Distributor/Grocery
$4.5
Revolver
strip
Marquette Business Credit
Lender
Technical Coating International Inc
Manufacturer/Roll-Based Goods
$4.4
Revolver
Finances capital improvements
strip
Bridge Finance Group
Lender
Access Distribution Inc
Distributor/Action Sports Products
$4.0
Revolving Credit Line
strip
Webster Business Credit
Lender
U.S. Rubber Reclaiming Inc
Producer/Reclaimed Butyl
$4.0
Revolver
strip
Marquette Business Credit
Lender
Genisoy Food Company Inc
Provider/Soy Protein Products
$4.0
Revolver
strip
Proficio Bank
Lender
The Wire Source LLC
Distributor/Steel Wire
$4.0
Revolving Credit Line
strip
SaaS Capital
Lender
Clickability Inc
Provider/Web Content Management
$3.5
Revolver
strip
Marquette Healthcare Finance
Lender
Zynex Inc
Provider/Pain Management Systems, Electrotherapy Products
$3.0
Revolver
Three-year term
strip
GE Healthcare Financial Services
Lender
Codon Devices Inc
Operator/Biotechnology Firm
$3.0
Revolver
Supports growth
strip
Silicon Valley Bank
Lender
World Energy Solutions Inc
Operator/Online Exchanges in Energy, Environmental Commodities
$3.0
Revolver
strip
Presidential Healthcare Credit
Lender
Cornerstone Health Services Group Inc
Provider/Hospice, Post-Acute Care Services
$3.0
Revolver
strip
Thermo Credit
Lender
US Starcom Inc
Supplier/Long Distance, Phone Cards
$3.0
Revolver
strip
Bridge Business Bancorp
Lender
Village Products Inc
Distributor/Hearth Products
$2.0
$1.5MM Revolving Credit Line/$.5MM SBA 7(a) Term Loan
strip
De Lage Landen Commercial Finance
Lender
Leveraged Technology Inc
Provider/IT, Consulting Services
$2.0
Revolver
strip
Gemino Healthcare Finance
Lender
Avastra USA Inc
Provider/Sleep Services
$2.0
Revolving Credit Line
Supports working capital of subsidiaries Pacific Sleep, California Sleep
strip
Sovereign Business Capital
Lender
Teixeira's Bakery
Baker/Portuguese Breads, Pastries
$2.0
$1.5MM Revolving Credit Line/$.5MM Term Loan
strip
First Capital
Lender
Reed's Inc
Maker/Natural Sodas
$2.0
Revolver
Two-year term
strip
Sovereign Business Capital
Lender
Working Mother Media Inc
Provider/Multimedia - Women's Topics
$1.5
Revolver
strip
Thermo Credit
Lender
Telkonet Inc
Provider/Energy Management Solutions
$1.0
Credit Line
Two-year term/Supports growth
strip
Commercial Capital Lending
Lender
Expo Holdings Inc
Operator/Distributors to Retail Industry
$1.0
Revolver
strip
Celtic Bank
Lender
Veterans Trading Co LLC
Distributor/Electronic Components
$.8
Credit Line
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