LENDER(S) & ROLE
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BORROWER & INDUSTRY
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AMOUNT*
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STRUCTURE & NOTES
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QIII 2010 Transactions
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Bank of America/JPMorgan Chase Bank
Admin Agent, Issuer, Swing Line Lender/Syn Agent, Issuer
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Oshkosh
Manufacturer/Specialty Vehicles, Vehicle Bodies
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$1,200.0
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$550MM Revolver/$650MM Term Loan
Five-year term/RBS, Wells Fargo, BofA Securities, J.P. Morgan Securities, RBS Securities, Wells Fargo Securities participated
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Citi
Admin Agent
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Rite Aid Corp
Operator/Drugstore Chain
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$1,175.0
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Revolver
Refinances existing ABL revolver
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Bank of America
Admin Agent
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Savvis
Provider/Cloud Infrastructure, Hosted IT Solutions
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$625.0
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$75MM Revolver/$550MM Term Loan
Term loan: six-year term/Revolver: three-and-a-half-year term
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Wells Fargo Capital Finance/GE Capital
Join Lead Arrangers
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Global Brass and Copper
Manufacturer/Copper, Copper-Alloy Components
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$465.0
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$150MM Revolver/$315MM Term Loan
Deal Source: KPS Capital Partners/Goldman Sachs Lending Partners:Arranger of term loan
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GE Capital, Corporate Finance
Admin Agent
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H&E Equipment Services
Provider/Lift, Construction Equipment Parts, Service
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$320.0
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Revolver
GE Capital Markets: Joint lead arranger/Amends, extends previous facility
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JPMorgan Chase Bank
Lead Arranger, Admin Agent
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Zep Inc.
Provider/Cleaning, Maintenance Solutions
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$320.0
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$245MM Revolver/$75MM Term Loan
Five-year term/Replaces previous $140MM agreement/;Wells Fargo Bank: syn agent, Regions Bank: doc agent
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JP Morgan Chase Bank/RBS Citizens
Sole Bookrunners, Joint Lead Arranger
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Orthofix International
Provider/Medical Device
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$300.0
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$200MM Revolving Credit Line/$100MM Term Loan
Five-year term/JP Morgan Chase: Admin agent, RBS Citizens: Syn agent
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Banc of America Securities, RBS Citizens
Lead Lender
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Hexcel
Manufacturer/Lightweight Structural Materials
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$250.0
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$150MM Revolver/$100MM Term Loan
Five-year term/Replaces previous credit facilit
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PNC Bank/JPMorgan Chase Bank
Admin Agent/Syn Agent
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Papa John's International
Operator/Pizza Chain
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$175.0
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Revolver
Five-year term/U.S. Bank, BofA, Fifth Third: Co-doc agents/PNC Capital Markets, J.P. Morgan Securities: Lead arrangers, bookrunners
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JP Morgan Securities/JP Morgan Chase
Sole Lead Arranger/Admin Agent
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Blackboard
Provider/Educational Enterprise Technology
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$175.0
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Revolver
Five-year term/Citibank, Credit Suisse: Co-syndiciation agents
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GE Capital, Corporate Finance
Admin Agent
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Bellisio Foods
Manufacturer/Frozen Foods
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$168.0
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Cash-Flow Facility
GE Capital Markets: Lead arranger/Refinances debt
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GE Capital Markets/GE Antares
Joint Lead Arranger/Admin Agent
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United States Infrastructure Corp
Provider/Utilities Locator, Marketing Svs
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$158.5
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Revolver
Deal Source: OMERS Private Equity
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Golub Capital
Sole Bookrunner, Admin Agent
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Syncsort
Provider/High-Performance Software Solutions
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$125.0
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Revolver
Supports refinancing
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GE Antares Capital
Lead Lender
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GCA Services Group
Provider/Janitorial, Facilities Management Services
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$125.0
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Revolver
GE Capital Markets: Co-lead arranger, bookrunner/Refinances existing facility
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GE Capital, Corporate Finance
Collateral Agent
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Ocean Beauty Seafoods
Processer/Seafood
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$120.0
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Revolver
GE Capital Markets: Joint lead arranger
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PNC/Steel City Funding
Arranger/Second Lien Lender
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HOP Energy
Provider/Fuel Delivery & HVAC Svcs
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$102.5
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$70MM Revolver/$20MM Term Loan
Steel City Funding: $7.5MM second lien/$5MM FILO advance
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Morgan Stanley Senior Funding/Citicorp, RBC
Admin Agent, Collateral Agent/Co-Syn Agents
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CKE Restaurants
Operator/Carl's Jr., Hardee's Restaurants
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$100.0
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Revolver
Five-year term/Morgan Stanley, Citigroup Global Markets, RBC Capital Market: jt bookrunners, jt lead arrangers
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Goldman Sachs Lending Partners
Lender
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Exopack Holding Corp
Manufacturer/Plastic, Paper Packaging Solutions
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$100.0
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Term Loan
Three-and-a-half-year term/Supports acquisition of Bemis Co. business assets
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GE Canada Finance Holding
Lender
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Fibrek
Producer/Virgin, Recycled Kraft Pulp
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$75.0
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Revolver
Three-year term/Société Générale de Financement du Québec provided five-year $78MM term loan
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PNC Bank
Lender
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Rocky Brands
Manufacturer/Footwear, Apparel
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$70.0
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Revolver
Five-year term/Replaces existing revolver
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GA Capital
ROLE
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Vion Holdings II
Unit/VION Receivable Investments, Provider/Receivable Inv Svs
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$65.0
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Term Loan
Supports acquisition of performing A/R
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Burdale Capital Finance
Sole Lender
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MAG Industrial Automation
Provider/Machine Tools Servicing
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$60.0
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Revolver
Three-year term
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Bank of America
Lender
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Summer Infant
Distributor/Juvenile Health, Safety, Wellness Products
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$60.0
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Revolver
Two-year term/Replaces existing line of credit
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Golub Capital
Sole Bookrunner, Admin Agent
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The Competitor Group
Provider/Media & Event Entertainment
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$57.5
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Revolver
Refinances company/Supports continued growth
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Citi
Admin Agent
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TI Automotive
Supplier/Automotive Fluid Storage, Technology
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$50.0
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Revolver
In addition to $150MM term loan
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GE Capital/GE Capital Markets
Lender, Agent/Sole Lead Arranger, Bookrunner
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Entravision Communications
Diversified Spanish-Language Media Company
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$50.0
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Revolver
Three-year term
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Fifth Third Bank
Lender
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Industrial Services of America
Processor/Scrap Metals, Recyclable Materials
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$48.8
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Revolver
Three-year term/Refinances existing indebtedness
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Bayside Capital
Lender
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GPM Investments
Operator/Convenience Stores
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$46.0
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Revolver
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LBC Credit Partners
Lender
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MCMC LLC
Provider/Diversified Managed Care, Cost Containment
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$42.5
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Revolver
Supports refinancing
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Madison Capital Funding
Lender
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Saratoga Investment
Specialty Finance Company
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$40.0
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Revolver
Supports company recap, Repays debt facility with Deutsche Bank
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RBS Business Capital
Lender
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Hudson Highland Group
Provider/Recruitment, Talent Management Services
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$40.0
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Revolver
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PNC
Lender
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Edelbrock Holdings
Manufacturer/Performance Replacement Parts
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$37.3
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Revolver
Supports partial recap of company/Refinances existing debt
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Capital One Leverage Finance
Lender
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Creekstone Farms Premium Beef
Provider/Premium Beef Products
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$36.5
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Revolver/Term Loan
Deal Source: Sun Capital Partners
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Oxford Finance/Silicon Valley Ban
Lead Lender/Lender
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Zogenix
Pharmaceutical Company
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$35.0
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$10MM Revolving Credit Line/$25MM Term Loan
Existing investors provided additional $15MM million investment
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Bank of America
Lender
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Overhill Farms
Supplier/Prepared Frozen Foods
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$30.0
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Revolver
Notes
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CIT Commercial & Industrial
Lead Arranger, Admin Agent, Collateral Agent
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Piggly Wiggly Holdings
Operator/Regional Supermarket Chain
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$30.0
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Revolver
Pays off existing senior secured revolving debt
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Fifth Third Bank
Lender
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FreightCar America
Manufacturer/Railroad Freight Cars
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$30.0
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Revolver
Replaces previous facilities with Bank of America
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Oxford Finance
Lead Lender
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Cadence Pharmaceuticals
Pharmaceuticals Company
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$30.0
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Revolver
Silicon Valley Bank, GE Financial Services participated
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PrivateBank and Trust Company
Lender
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Winmark
Provider/Franchise-Owned, Operated Business Opportunities
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$30.0
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Credit Line
Supports redemption of renewable unsecured subordinated notes
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PNC Bank
Lender
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National Distribution & Contracting
Distributor/Medical Supplies
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$30.0
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$25MM Revolver/$5MM Term Loan
Deal Source: Silver Oak Services Partners
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Burdale Capital Finance
Lender
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PBH Marine Group
Manufacturer/Fiberglass Fishing, Recreational Boats
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$25.0
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Revolver
Supports strategic growth plans
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PNC Bank
Lender
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Avioserv San Diego
Provider/Commercial Aircraft Engine Products, Services
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$22.5
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Revolver
Refinances existing debt/Supports future acquisitions
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Oxford Finance
Lender
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United Orthopedic Group
Holding Company/Orthopedic, Rehab Products
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$20.0
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$10MM Revolving Credit Line/$10MM Growth Capital Loan
Supports expansion of business, product line
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Cole Taylor Business Capital
Lender
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The Matlet Group
Provider/Packaging, Printing, Fulfillment Services
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$20.0
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Revolver
Refinances existing indebtedness
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Oxford Finance
Lender
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LifeHOUSE Health Services
Acquires/Assisted, Independent Living, Skilled Nursing Communities
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$19.8
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$8.5MM Revolving Credit Line/$11.3MM Term Loans
Refinances debt
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PNC Bank
Lender
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Turbine Engine Resources
Redistributor/Turbine Engines & Parts
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$17.0
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Revolver
Supports acquisition by Andlinger & Company and management group
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CORE Business Credit
Lender
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The Fragrance Outlet
Retailer/Brand Name Fragrances, Cosmetics
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$15.3
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Revolving Credit Line/Term Loan
Supports company recap
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Silicon Valley Bank
Lender
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interclick
Provider/Digital Advertising Technology
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$15.0
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Revolving Credit Line
Two-year term/Replaces $7MM A/R facility with Crestmark Commercial Capital
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PNC Bank
Lender
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SSF Imported Auto Parts
Distributor/Auto Parts
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$15.0
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Revolver
Refinances existing debt
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MidCap Financial/Silicon Valley Bank
Lenders
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Endocyte
Biopharmaceutical Company
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$15.0
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Revolver
Replaces existing facility
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Bank of America Business Capital
Lender
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Lapolla Industries
Manufacturer/Insulation Foam, Coatings, Equipment
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$12.5
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Revolver
Refinances existing debt/Supports growth
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CORE Business Credit
Lender
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Seitz
Manufacturer/Precision Injection Molding Products
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$11.6
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Revolving Credit Line, Term Loan/Stretch Loan
Supports company recap
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Wells Fargo Capital Finance
Lender
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Broadwind Energy
Provider/Technological Products, Services
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$10.0
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Revolver
Notes
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Regions Bank
Lender
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Pernix Therapeutics Holdings
Provider/Specialty Pharmaceuticals
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$10.0
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$5MM Revolving Credit Line/$5MM Guidance Credit Line
Two-year term/Supports acquisitions
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PNC Bank
Lender
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The Markets, LLC
Operator/Supermarket Chain
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$10.0
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Revolver
Supports rebranding initiatives, restructuring
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Marquette Business Credit
Lender
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Halifax Corporation of Virginia
Provider/Enterprise Logistics, Supply Chain Services, Support
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$7.5
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Credit Line
Notes
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Sterling National Bank
Lead Lender
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SPAR Group
Supplier/Retail Merchandising
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$6.5
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Revolver
Replaces existing line of credit/Supports growth, future acquisitions
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Keltic Financial Services
Lender
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Burlington Technologies
Operator/BMS, Se7en, LLC
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$5.1
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$4MM Revolving Credit Line/$1.1MM Term Loan
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Gemino Healthcare Finance
Lender
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Benchmark Healthcare Management
Operator/Skilled Nursing, Assisted Living Facilities
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$5.0
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Revolving Credit Line
Pays off existing debt
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Oxford Finance
Lender
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Avanti Health System, CHHP Holdings II
Hospital Management Company
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$5.0
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Revolving Credit Line
Funds to be used to acquire, operate Community Hospital of Huntington Park
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Keltic Financial Services
Lender
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Wheeler Consolidated
Manufacturer/Steel, Wood Bridges
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$5.0
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Revolving Credit Line
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GE Capital, Healthcare Financial Service
Agent, Sole Lender
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Mitralign
Developer/Mitral Regurgitation Treatments
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$5.0
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Revolver
Supports development of mitral valve repair device
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Wells Fargo Bank
Lender
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Sharps Compliance
Provider/Medical Waste Management Solutions
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$5.0
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Revolving Credit Line
Two-year term/Replaces $2.5MM credit agreement with JPMorgan Chase
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Webster Bank
Lender
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President Titanium
Distributor/Raw Titanium
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$4.6
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$3MM Credit Line/$1.6MM Term Loan
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GE Capital, Healthcare Financial Services
Lender
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QSpex Technologies
Provider/In-Office Solutions for Eye Care Professionals
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$4.5
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Revolver
Supports CAPEX funding for 2010 product launch
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Sterling National Bank
Lender
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Facteon
Provider/Accounts Receivable Factoring
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$4.0
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Credit Line
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Gemino Healthcare Finance
Lender
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Navix Diagnostix
Provider/Cardiovascular Diagnostic Services
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$4.0
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Revolving Credit Line
Supports company recap led by Prospect Partners/Pays off existing debt
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TCI Business Capital
Lender
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Digital Angel
Developer/GPS, RFID Technology Products
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$4.0
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Revolver
Two-year term/Funds for subsidiary Destron Fearing/Replaces previous revolver
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Silicon Valley Bank
Lender
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Tachyon Networks
Provider/COTM Technology
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$4.0
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$2MM Revolver/$2MM Equipment Line
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Wells Fargo Capital Finance
Lender
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Waytronx
Developer/Companies That Produce Innovative Technologies
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$4.0
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Credit Line
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Community National Bank
Lender
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Janel World Trade
Provider/Integrated Logistics, Environmental Services
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$3.5
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Revolving Credit Line
One-year term/Replaces term loan with JPMorgan Chase Bank
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Marquette Business Credit
Lender
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Sunnyvalley Smoked Meats
Processor/Smoked Meat Products
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$3.4
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A/R, Inventory Revolving Credit Line/Equipment Term Loan/CAPEX Facility
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GE Capital, Healthcare Financial Services
Lender
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Tepha
Developer/Medical Devices
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$3.2
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Revolver
Expands global commercialization efforts
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Sterling National Bank
Lender
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Skip Hop
Manufacturer/Diaper Bags, Infant, Toddler Accessories
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$3.0
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Revolver
Replaces current lender
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Silicon Valley Bank
Lender
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Derycz Scientific
Developer/Companies That Re-use Published Content
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$3.0
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Revolving Credit Line
One-year term
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Keltic Financial Services
Lender
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Lighting Components & Design
Manufacturer/Custom Lighting Assemblies
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$2.6
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$2.5MM Revolving Credit Line/$.16MM Term Loan
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Wells Fargo Securities/JP Morgan Chase Bank
Lead Arranger, Lead Bookrunner/Admin Agent
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QVC
Multimedia Retailer
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$2.0
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Revolver
Wells Fargo Bank, BNP Paribas: Syndication agents/Replaces existing credit facilities
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US Capital Partners
Lender
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Imagenetix
Manufacturer/Bioceutical Products
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$1.5
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Revolver
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Presidential Financial
Lender
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TeamStaff Government Solutions
Provider/Healthcare, IT, Logistical Services
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$1.5
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Revolver
Two-year term/Supports ongoing business operations
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Thermo Credit
Lender
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ATSI Communications
Provider/VoIP Services
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$0.8
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Revolver
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