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Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 1/1/12 through 3/31/12. Darker bars represent most recent deals.

LENDER/ROLE BORROWER/INDUSTRY AMOUNT STRUCTURE/NOTES
Bank of America Life Technologies $750.0 Revolver
Admin Agent, Swing Line Lender, L/C Issuer Manufacturer/Molecular Diagnostic, Research Use Only Products  
Goldman Sachs Bank USA, Deutsche Bank Securities Tronox $700.0 Term Loans
Joint Bookrunners Producer/Titanium Dioxide Pigment   Wells Fargo Capital Finance amended its existing revolver
GE Capital, Corporate Finance EVRAZ North America $610.0 Revolver
Admin Agent Manufacturer/Steel   GE Capital Markets: Jt Ld Arranger, Jt Bookrunner
Morgan Stanley, Citigroup Global Markets, Deutsche Bank Securities RailAmerica $585.0 Revolver/Term Loan
Lead Arrangers Operator/Short-Line, Regional Freight Railroads   Term Loan: Seven-year term/BMO Cap Mkts: Jt bookrunning mgr/Citibank, Morgan Stanley, BMO Harris Bank, Deutsche Bank financed revolver
J.P. Morgan Chase Bank Halcon Resources $500.0 Revolver
Admin Agent, Ld Arranger Operator/Energy Company   Five-year term/Replaces previous revolver
Citibank Freescale Semiconductor $500.0 Term Loan
Admin Agent Provider/Embedded Processing Solutions   Seven-year term
SunTrust Robinson Humphrey, Bank of America Merrill Lynch TNS $450.0 $100MM Revolver /$350MM term loan
Joint Lead Arrangers Provider/Data Communications, Interoperability Solutions   Five-year term/Repays existing facilities
JP Morgan Chase Bank Kaydon $400.0 $250MM Revolving/$150MM Term Loan
Admin Agent Manufacturer/Performance-Critical Products   Five-year term
GE Capital's Telecom, Media and Technology Lightower Fiber Networks $380.0 Revolver
Admin Agent Provider/Metro Fiber, Bandwidth Service   GE Capital Markets: Jt bookrunner, jt ld arranger
Barclays, Goldman Sachs Bank USA NPC International $375.0 Term Loan
Jt Ld Arrangers, Jt Bookrunners Operator/Pizza Hut Restaurants  
GE Capital, Corporate Finance Shale-Inland Holdings $350.0 Revolver
Admin Agent Supplier/Refining, Petrochemical Production Products   Support acquisition of HD Supply Industrial PVF/GE Cap Mks: Sole bookrunner, jt ld arranger
Barclays Capital Pinnacle Entertainment $325.0 Term Loan
Admin Agent Operator/Casinos   Seven-year term/Merrill Lynch, J.P. Morgan Securities: Jt ld arrangers, jt bookrunners
TPG Specialty Lending/Wells Fargo Capital Finance, GE Capital Corporate Finance Federal Signal $315.0 $100MM Revolver/$215MM Term Loan
Agent, Sole Ld Arranger/Co-Collateral Agents Provider/Environmental, Safety, Transportation Solutions   Five-year term/TPG: lender for term loan/WFCF, GE: lenders for revolver/WFCF: admin agent
Wells Fargo Securities and DNB Markets Oceaneering International $300.0 Revolver
Jt Ld Arrangers, Jt Bookrunners Provider/Oilfield Engineered Services, Products   Five-year term/Wells Fargo: Admin agent, DNB: Syn agent. HSBC Bank, JPMorgan Chase, BofA, Barclays participated
Merrill Lynch, PNC Capital Markets, Wells Fargo Securities Steel Dynamics $275.0 Term Loan
Jt Bookrunners, Ld Arrangers Producer, Recycler/Steel, Metals   Five-year term/Term loan is in addition to $1.1B revolver
Bank of America Noranda Aluminum Holding $250.0 $250MM Revolver
Admin Agent Producer/Aluminum Products   Refinancing also included seven-year $325MM term loan
KeyBank, CIT Capital Securities, NXT Capital American Dental Partners $241.0 $36MM Revolver/$205MM Term Loan
Jt Bookrunning Managers Partner/Dental Group Practices   Supports acquisition of American Dental Partners
Bank of America Merrill Lynch Alorica $200.0 Revolver
Sole Ld Arranger, Sole Bookrunner Provider/Outsourced Customer Management Solutions   Five-year term/Wells Fargo, Bank of the West, BBVA Compass, HSBC, Union Bank participated
Senior Secured Loan Program Implus Footcare $180.0 Term Loan
Jt Ld Arrangers, Jt Bookrunners Provider/Footwear, Outdoor, Fitness Accessories   Supports acquisition by Trilantic Capital Partners/GE Capital provided $40MM revolver
GE Capital Tensar $175.0 Revolver
Admin Agent Provider/Specialty Products, Engineering Services  
Senior Secured Loan Program Driven Brands $170.0 Term Loan
Jt Ld Arrangers, Jt Bookrunners Franchisor/Automotive Aftermarket Services   Supports acquisition by Harvest Partners/GE Capital provided a $15MM revolver
U.S. Bank Healthcare Molina Healthcare $170.0 Revolver
Sole Ld Arranger, Sole Bookrunner, Admin Agent Provider/Medicaid-Related Solutions  
Wells Fargo Capital Finance Nexteer Automotive $165.0 Revolver
Agent Provider/Steering, Driveline Systems   Business Finance unit provided financing/Comerica Bank, Citizens Bank of Michigan participated
Senior Secured Loan Program CIBT Holdings $158.0 Revolver
Jt Ld Arrangers, Jt Bookrunners Provider/Expedited Travel Document Processing Services   Supports acquisition by ABRY Partners/GE Capital provided $30MM loan, $10MM revolver
GE Antares ThermaSys $142.0 Revolver
Admin Agent Manufacturer/Heat Exchanges, Components   Supports acquisition by Wellspring Capital Mgmt/GE Cap Markets: Sole ld arranger, bookrunner
Wells Fargo Capital Finance Brookstone $140.0 $100MM Revolver/$15MM Term Loan/$25MM Accordion Facility
Lender Retailer/Consumer Products   Retail Finance, Retail Junior Capital teams provided financing/Refinances existing debt
Bank of America RagingWire Data Centers $140.0 Revolvers
Lead Lender Provider/Data Centers   Five-year term/Supports growth
Royal Bank of Canada/KeyBank, Bank of America Vantage Data Centers $135.0 Revolver
Admin Agent/Co-Syn Agents Developer/Pure-Play Wholesale Data Center   Barclays Bank, Raymond James Bank, UBS Loan Finance participated
Senior Secured Loan Program PetroChoice $130.0 Term Loan
Lender Distributor/Vehicle Lubricants   Supports acquisition by Greenbriar Equity Gp/GE Antares Cap provided $15MM revolver /GE Cap Markets, Ares: Jt Arrangers, jt bookrunners
Bank of America Ryan $100.0 Revolver
Lead Lender Provider/Tax Services   Comerica Bank, Citibank, Fifth Third Bank participated
Wells Fargo Bank/Wells Fargo Securities, U.S. Bank Global Power Equipment Group $100.0 Revolver
Admin Agent/Co-Ld Arrangers Provider/Equipment, Services   Five-year term/Supports strategic growth
SunTrust Robinson Humphrey Exactech $100.0 $70MM Revolver/$30MM Term Loan
Lead Lender Developer/Bone, Joint Restoration Products   BBVA Compass, HSBC, Synovus Bank, Hancock Bank participated
GE Capital Federal Signal $100.0 Revolver
Co-Collateral Agent Manufacturer/Safety, Security Products   Refinance debt
GA Capital Bashas’ $95.0 Term Loan
Admin Agent, Collateral Agent Operator/Grocery Chain   Three-year term/Stone Tower Capital affiliate, Tennenbaum Capital Partners funds, WFCF, GB Merchant participated
Cerberus Business Finance, PNC Motorcar Parts of America $95.0 $20MM Revolver/$75MM Term Loan
Lenders Remanufacturer/Alternators, Starters   PNC provided revolver/Cerberus provides term loan/Replaces previous $55.5MM facility
Crystal Financial/Salus Capital Partners American Apparel $80.0 $50MM Revolver/$30MM Term Loan
Admin Agent/Doc Agent Manufacturer/Fashion Apparel   Three-year term
Wells Fargo Bank Talbots $75.0 Term Loan
Lender Retailer/Women's Apparel, Accessories   Five-year term/GE Capital, Corporate Retail Finance amended its $200MM revolver
Morgan Stanley Senior Funding, TD Securities The Telx Group $75.0 Term Loan
Ld Arrangers Provider/Interconnection, Data Center Services  
Senior Secured Loan Program Penn Power Group $66.0 Term Loan
Jt Ld Arrangers, Jt Bookrunners Provider/Technology, Services Solutions   Supports acquisition by NGP Energy Tech Partners, Juggernaut Cap Partners, Ares mgmt/GE Capital provided $15MM revolver
GE Capital, Corporate Retail Finance Navarro Discount Pharmacy $65.0 Revolver
Admin Agent, Sole Lender Retailer/Community Drug Store   Refinances debt
GE Capital Paradigm Management Services $65.0 First Lien Revolver
Admin Agent Provider/Medical Management Services   Support acquisition by Lightyear Capital/GE Capital Markets: Jt ld arranger, jt bookrunner
Wells Fargo Bank/Wells Fargo Capital Finance American Reprographics Company $50.0 Revolver
Lender/Arranger Provider/B2B Document Management Technology, Services   Four-and-a-half-year term/Replaces existing $50MM revolver
GarMark Partners, LBC Credit Partners Forest Resources $48.0 $38MM Second Lien Term Loan/$10MM Equity
Co-Ld Arrangers, Co-Doc Agents Manufacturer/Recycled Paper, Packaging   Consolidates Canadian, U.S. debt
NXT Capital Lifoam Industries $46.0 Revolver
Sole Ld Arranger, Sole Bookrunner, Admin Agent Manufacturer/Polystyrene, Polyurethane, Refrigerant Products   Supports recap by American Capital
Healthcare Finance Group Genoa Healthcare Holdings $44.5 $9.5MM Revolver/$35MM Term Loan
Co-Ld Arranger, Jt Bookrunner, Syn Agent, Collateral Mgr Operator/Specialty Pharmacies   Support growth, equity investment by Beecken Petty O'Keefe & Co.
PNC Bank ValueVision Media $40.0 Revolver
Lender Operator/ShopNBC  
Monroe Capital LAI International $37.1 Revolver
Lender Provider/Engineered Finished Parts, Components   Supports acquisition by RLJ Equity Partners
GB Merchant Partners Schuff International $30.0 Term Loan
Agent Provider/Integrated Steel Construction Services   Debt Investment Group provided financing
Monroe Capital Thermal Solutions Manufacturing $25.5 Revolver
Lender Manufacturer/Heat Exchange, Temperature Control Products   Supports acquisition of Heavy Duty division of Vista-Pro Auto by Resilience Capital Partners
Wells Fargo Capital Finance Ultra Diamonds $25.0 Revolver
Lender Operator/Fine Jewelry Chain   Retail Finance team provided financing
Wells Fargo Capital Finance Zhone Technologies $25.0 Revolver
Lender Provider/ IP Multi-Service Access Solutions   Two-year term/Replaces previous facility with Silicon Valley Bank
Kayne Anderson Senior Credit Partners American & Efird $22.5 Term Loan
Lender Manufacturer/Industrial Sewing Thread   Supports acquisition by KPS Capital Partner
RBS Asset Finance The Ensign Group $21.5 Term Loan
Lender Operator/Skilled Nursing, Rehab, Hospice Care, Assisted Living Companies   Seven-year term
Monroe Capital Benton-Georgia $21.0 Term Loan
Lender Supplier/Natural Gas Pipeline Construction Services   Supports acquisition of company by Dale LeFebvre/Monroe provided equity investment with Wells Fargo
CIT Healthcare Ernest Health $20.0 Revolver
Arranger Operator/Rehab, Acute Care Hospitals   CIT Bank provided financing
Abacus Finance Group BioPharm Communications $18.5 Revolver
Admin Agent, Sole Ld Arranger Developer/Promotional Medical Education Programs   Supports recap by Southfield Capital/Boathouse Cap, CMS Mezzanine provided mezzanine financing
NewStar Business Credit True Science $18.0 Revolver
Lender Distributor/Pet Medications, Baby Products   Provides expansion capital to support growth
First Niagara Commercial Finance SolomonEdwardsGroup $17.5 Revolver
Lender Provider/Business Advisory, Professional Staffing   Refinances prior credit facility
Union Bank DynTek $15.0 Revolver
Lender Provider/Professional Technology Services   Three-year term
Oxford Finance, Silicon Valley Bank Vitae Pharmaceuticals $15.0 Revolver
Lenders Manufacturer/Pharmaceuticals   Supports drug development programs
GE Capital, Healthcare Financial Services, Comerica Bank BG Medicine $15.0 Term Loan
Lenders Developer/Novel Biomarker-Based Diagnostics  
GE Capital, Healthcare Financial Services BG Medicine $15.0 Term Loan
Lender Developer/Biomarker-Based Diagnostics   Supports commercialization efforts
FirstMerit Bank Business Credit Akron Hardware Consultants $13.8 Revolver/Term Loan
Lender Distributor/Architectural Hardware, Products   Supports acquisition/Refinances existing debt
Huntington Bank Asset Based Lending Benore Logistic Systems $13.0 $9MM Revolver/$4MM Equipment Lease
Lender Provider/Logistics   Refinance existing debt, purchase equipment
Salus Capital Partners Miss Matched $12.5 Revolver
Lender Operator/LittleMissMatched locations   Refinances existing facility
Capital One Leverage Finance Hanover Direct $12.0 Revolver
Lender Marketer/Branded Merchandise   Three-year term/Refinances existing debt
Sovereign Bank WPCS International $12.0 Revolver
Lender Provider/Design-Build Engineering Services   Three-year term/Replaces existing credit facility
GE Capital, Healthcare Financial Services XOMA $10.0 Term Loan
Lender Developer/Antibody Therapeutics  
Lawrence Financial Group American Guard Services $10.0 Revolver
Lender Provider/Guard Services, Ancillary Security Operations   Supports growth, expansion
Cole Taylor Business Capital AMG Huntington Beach $10.0 Revolver
Lender Supplier/Precision Machined Components  
Capital One Bank Teton Buildings $10.0 Revolver
Lender Manufacturer/Remote Workforce Facilities, Modular Buildings   Three-year term
Lawrence Financial Group Personnel Plus $10.0 Revolver
Lender Provider/Staffing Positions   Supports growth
ORIX Venture Finance Mevio Entertainment Networks $10.0 $3MM Revolver/$7MM Term Loan
Lender Producer/Short Form Video Entertainment   Expands production capabilities, technology
FirstMerit Bank Business Credit Energy Manufacturing Company $9.9 Revolver/Term Loan
Lender Manufacturer/Hydraulic Cylinders, Valves   Deal Sources: Eastport Operating Partners, PNC Erieview Capital/Refinances existing debt
TD Bank Extreme Reach $9.0 Revolver
Lender Provider/Video Ad Management, Distribution   Funds strategic acquisitions
Oxford Finance Benchmark Healthcare $8.5 $1MM Revolver/$7.5MM Term Loan
Lender Provider/Skilled Nursing Services   Refinances existing debt
Gemino Healthcare Finance Doctors Medical Center $8.0 Revolver
Lender Operator/Acute Care Hospital  
Silicon Valley Bank AssureRx Health $8.0 Revolver/Term Loan
Lender Operator/Medicine Company  
First Capital Brady Distributing Co. $8.0 Revolver
Lender Distributor/Arcade, Vending Machines   Support company's growth
Cole Taylor Business Capital HB&G Building Products $8.0 Revolver
Lender Manufacturer/Millwork, Columns, Posts  
US Capital Partners, First Capital Butler-Johnson $7.8 $7MM Revolver/$.75MM Term Loan
Lead Arranger Distributor/Premium Surfacing Solutions  
First Capital Gardner Glass Products $7.5 $6.5MM Revolver/$1MM Term Loan
Lender Producer/Mirror, Glass Products   Support turnaround strategy
FirstMerit Bank Business Credit American Micro Products $7.5 Revolver/Term Loan
Lender Manufacturer/Machined Components, Connectors   Refinances existing debt
Silicon Valley Bank Cambridge Broadband Networks $7.0 Revolver
Lender Manufacturer/Microwave Backhaul Solutions   Supports growth
First Capital Samtex Fabrics $7.0 Revolver
Lender Wholesaler/Fabrics  
NewStar Business Credit CAPS Visual Communication $6.7 Revolver
Lender Provider/Marketing, Production Services   Provides expansion capital to support growth
Bridge Bank FiberLink $6.0 Term Loan
Lender Owner/Fiber Optic Transmission Lines  
TAB Bank Western Flyer Express $6.0 Revolver
Lender Operator/Truck, Trailer Fleet  
TAB Bank O&S Trucking $6.0 Revolver
Lender Provider/Temperature-Controlled Transportation Services  
TAB Bank Coral Industries $6.0 Revolver
Lender Manufacturer/Bath, Shower Enclosures  
FirstMerit Bank Business Credit Falls Stamping and Welding Co $6.0 Revolver
Lender Provider/Metal Stamping, Design, Fabrication   Refinances existing debt
Crestmark Bank Latitude Solutions $5.0 Revolver
Lender Provider/Wastewater Remediation Solutions  
Silicon Valley Bank Advanced Photonix $5.0 Revolver
Lender Supplier/Optoelectronic Products   Two-year term/SVB also provided $1MM term note/Repays debt from The PrivateBank and Trust
Keltic Financial Services Source Broadband Services, Source Power Services $4.0 Revolver
Lender Provider/Engineering, Construction, Maintenance Services   Tenth Street Capital provided additional financing
Healthcare Finance Group Corinth Investor Holdings $4.0 Revolver
Lender Holding Company/Atrium Medical Center  
Keltic Financial Services Nash Oil Company $3.3 $2.5MM Revolver/$.75MM Term Loan
Lender Distributor/Gasoline  
GE Capital, Healthcare Financial Services MedShape $3.0 Term Loan
Sole Lender, Admin Agent Developer/Medical Devices  
Comerica Bank Mobiquity $3.0 Revolver
Lender Provider/Mobile Professional Services   Technology & Life Sciences Division provided the financing
Marquette Business Credit Active Ride Shop $3.0 Revolver
Lender Operator/Sports Clothing Retail Chain   Supports growth
Fifth Third Bank Jagged Peak $3.0 Revolver
Lender Provider/eCommerce Solutions, Supply Chain Services   Two-year term/Replaces previous facility
First Capital Help Remedies $2.5 Revolver
Lender Distributor/OTC Pharmaceutical Solutions   Support growth
Keltic Financial Classic Packaging Company $2.1 $1.75MM Revolver/$.36MM Term Loan
Lender Printer/Poly Bags, Films  
Access Business Finance Jones Soda Co $2.0 Revolver
Lender Distributor/Premium Beverages   Funding goes to Jones Soda (Canada) and Jones Soda Co.
Silicon Valley Bank Urologix $2.0 Revolver
Lender Manufacturer/Medical Products  
Lawrence Financial Group Grant & Weber $2.0 Revolver
Lender Provider/Receivables Management  
Lawrence Financial Group Infiniti Media & Infiniti Plastic Technology $2.0 Revolver
Lender Manufacturer/DVD, CD Cases  
Gerber Finance Microphase $1.5 Revolver
Lender Manufacturer/Electronic Devices  
Oxford Finance Cold Spring Holdings $1.0 Revolver
Lender Operator/Skilled Nursing Facilities  

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 pages, contact Stuart Papavassiliou at sppapa@abfjournal.com or 800.708.9373 x124