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Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 4/1/12 through 6/30/12. Darker bars represent most recent deals.

LENDER/ROLE BORROWER/INDUSTRY AMOUNT STRUCTURE/NOTES
Wells Fargo Capital Finance Performance Food Group $1.4B Revolver
Left Ld Jt Arranger, Bookrunner, Admin Agent Distributor/Foodservice   Refinances existing debt
Bank of America, Wells Fargo Securities Wendy's International $1,325B $200MM Revolver/$1,125MM Term Loan
Jt Ld Arrangers, Jt Book Managers Operator/Hamburger Company  
U.S. Bank Lithia Motors $650.0 Revolver
Admin Agent Operator/Auto Dealer   Five-year term/U.S. Bank, JPMorgan Chase: Jt bookrunners/BofA, Wells Fargo, Bank of the West, KeyBank participated
Deutsche Bank Securities NGL Energy Partners $650.0 Revolver
Agent Operator/Energy Business   Five-year term/Supports merger with High Sierra Energy
JPMorgan Chase Bank Apollo Group $625.0 Revolver
Admin Agent Provider/Educational Programs, Services   Five-year term
J.P. Morgan Securities, U.S. Bank, Wells Fargo Securities First American Financial $600.0 Revolver
Jt Ld Arrangers, Jt Bookrunners Provider/Title Insurance, Settlement Services   Four-year term
Bank of America HSN $600.0 $350MM Revolver/$250MM Term Loan
Admin Agent, Collateral Agent Retailer/Interactive Multichannel Products   Five-year term/Replaces $150MM revolver/JPMorgan Chase, Wells Fargo, Barclays, BB&T, Regions others participated
Wells Fargo Securities, Merrill Lynch, J.P. Morgan Securities Sigma-Aldrich $600.0 Revolver
Co-Lead Arrangers Operator/Life Science, Technology Company   Replaces $450MM revolver/Wells Fargo Bank: Admin agent
Wells Fargo Bank Beacon Roofing Supply $565.0 $550MM Revolver/C$15MM Revolver
Admin Agent Distributor/Roofing Materials, Building Products   Five-year term/Wells Fargo Securities: Ld arranger, jt bookrunner
GE Antares TricorBraun $555.0 $75MM Revolver/$480MM Term Loan
Lender Provider/Packaging Solutions   Refinances debt/GE Capital Markets: Jt ld arranger, co-bookrunner
Wells Fargo Bank/Wells Fargo Securities Kronos Worldwide $525.0 $125MM Revolver/$400MM Term Loan
Admin Agent/Sole Ld Arranger, Sole Book Manager Producer/Titanium Dioxide Products  
Morgan Stanley Senior Funding Cypress Semiconductor $430.0 Revolver
Administrative Agent, Collateral Agent Provider/Programmable Solutions   Five-year term
Bank of America/Union Bank of California McGrath RentCorp $420.0 Revolver
Admin Agent/Syn Agent Operator/B2B Rental Company   Five-year term/Merrill Lynch: Sole ld arranger, sole book manager
Sun Trust Robinson Humphrey Healthways $400.0 $200MM Revolver/$200MM Term Loan
Lead Lender Provider/Well-Being Solutions   Five-year term/U.S. Bank, Fifth Third Bank: Jt ld arrangers, jt bookrunners
GE Antares Hearthside Food Solutions $400.0 $30MM Revolver/$370MM term loan
Admin Agent Manufacturer/Grain-Based Food, Snacks   Supports recap by Wind Point Partners/GE Capital Markets: Jt ld arranger, jt bookrunner
Morgan Stanley Senior Funding/Wells Fargo Securities Wabash National $300.0 Term Loan
Jt Ld Arranger, Jt Bookrunner, Admin Agent, Coll Agent/Jt Ld Arranger, Bookrunner Manufacturer/Semi Trailers   Seven-year term/Supports acquisition of Walker Group Holdings/Also amended $150MM five-year revolver led by WFCF
Fifth Third Bank Globe Specialty Metals $300.0 Revolver
Jt Ld Arranger, Admin Agent Producer/Silicon Metal, Alloys   Five-year term/BofA Merrill Lynch: Jt ld arranger, KeyBank, Sovereign, Wells Fargo: Co-syn agents
GE Capital, Corporate Finance Clearwater Seafoods $265.0 Revolver/Term Loan
Co-Lead Lender Operator/Seafood Companies   GE Capital Markets: Jt Ld Arranger/Supports growth
Wells Fargo Securities, Regions Capital Markets, GE Capital Markets Denny's $250.0 Revolver
Jt Ld Arrangers, Jt Bookrunners Operator/Restaurants   Five-year term/Wells Fargo: Admin agent, L/C issuer/Cadence Bank, RBS Citizens: co-doc agents
Wells Fargo Capital Finance/GE Capital 84 Lumber $225.0 Revolver
Jt Ld Arranger, Admin Agent/Co-Coll Agent, Doc Agent Supplier/Building Materials   Refinances existing debt
CIT Bank Encompass Home Health $210.0 Revolver
Arranger, Syndicator Provider/Home Health Care   Supports refinancing/CIT Healthcare: Jt ld arranger, Sole bookrunner, admin agent
Wells Fargo Capital Finance PetSmart $200.0 $100MM Revolver/$100MM LOC Facility
Agent Retailer/Specialty Pet Products  
Citibank, Credit Suisse, Cayman Islands Branch Verso Paper Holdings $200.0 $150MM Revolver/$50MM Cash-Flow Facility
Admin Agents Producer/Coated Papers   Five-year term/Citigroup Global Mkts, Barclays, Credit Suisse Securities, PNC, Siemens Financial Svs, Wells Fargo participated
TD Securities (USA) and Wells Fargo Securities SBA Communications $200.0 Term Loan
Jt Ld Arrangers Provider/Wireless Communications Infrastructure   Also amended its revolving credit facility
Wells Fargo Capital Finance/GE Capital, Corporate Finance School Specialty $200.0 Revolver
Ld Arranger, Admin Agent/Co-Collateral Agent Distributor/Educational Products   Refinances existing debt/GE Capital Markets: Co-Ld Arranger, Jt Bookrunner
Wells Fargo Capital Finance, GE Capital Markets Global Brass and Copper $200.0 Revolver
Jt Ld Arrangers Distributor/Copper, Brass Products   Wells Fargo, BofA Securities: Jt bookrunners/Supports company recap
Wells Fargo Capital Finance Spartan Stores $200.0 Revolver
Arranger, Agent Operator/Supermarkets  
GE Capital, Healthcare Financial Services DSI Renal $193.0 Revolver
Admin Agent Provider/Dialysis Services   Supports acquisition of 54 dialysis clinics/GE Capital Markets: Jt lead arranger, jt bookrunner
GE Antares Capital Tensar Corp $175.0 Revolver
Agent Provider/Proprietary Products, Engineering Services   Company sponsors: PineBridge, American Capital, Arcapita
Citigroup and RBC Capital Markets Five Star Quality Care $150.0 Revolver
Jt Ld Arrangers, Bookrunners Owner/Senior Living Communities   Three-year term/Citibank: Admin agent/RBC: Syn agent/CIT Healthcare, Compass Bank, PNC, Huntington National Bank: Co-doc agents
Wells Fargo Capital Finance M. Holland Co, M Holland Canada Co $150.0 Revolver
Sole Ld Arranger, Admin Agent Distributor/Plastic Resins   Five-year term/Refinances existing debt/Support M. Holland's acquisition objectives
Wells Fargo Capital Finance Unifi $150.0 $100MM Revolver/$50MM Term Loan
Sole Ld Arranger, Bookrunner, Admin Agent Manufactures/Polyester, Nylon Yarns   Refinances existing facility
PNC Bank SMW Automotive $150.0 Revolver
Lender Supplier/Automotive Parts   PNC Capital Markets led syndication/Steel City Capital Funding provided junior financing
GE Capital, Corporate Finance Taghleef Industries $143.0 Revolver
Admin Agent Producer/Plastic, Packaging Films   Supports Applied Extrusion Technologies acquisition/GE Capital Markets: Sole ld arranger, bookrunner
Morgan Stanley, J.P Morgan Gogo $135.0 Revolver
Lenders Provider/In-Flight Connectivity   Supports expansion plans
City National Bank RealD $125.0 $75MM Revolver/$50MM Term Loan
Admin Agent Licensor/3D Technologies   Replaces existing credit agreement
CIT Group TrustHouse Services Group $117.5 Revolver
Arranger Provider/Healthcare, Education-Focused Food Services   Supports acquisition of Valley Services/CIT Sponsor Finance: Jt ld arranger, jt bookrunner, admin agent
Scotiabank Global Banking and Markets, RBC Capital Markets Primary Energy Recycling $110.0 $25MM Revolver/$85MM Term Loan
Jt Ld Arrangers, Jt Bookrunners Operator/Clean Energy Company   Five, seven-year terms/Supports purchase of Primary Energy Recycling Holdings
Citibank Ebix $100.0 $45MM Revolver/$45MM Term Loan
Admin Agent Supplier/On-Demand Software, E-Commerce Services   Four-year term/Citibank, Wells Fargo Capital Finance, RBS Citizens: Jt lenders
U.S. Bank Arkansas Best $100.0 Term Loan
Ld Arranger Provider/Freight Transportation, Logistics   Five-year term/Supports Panther Expedited Services acquisition
Union Bank CAI International $85.0 Revolver
Admin Agent, Jt Ld Arranger, Sole Bookrunner Lessor/Intermodal Freight Containers   Three-year term/Supports acquisition of railcars/U.S. Bank: Syn agent, jt l arranger
Huntington National Bank/FirstMerit Bank MetoKote $80.0 Revolver
Admin Agent, Sole Bookrunner/Syn Agent/Jt Ld Arrangers Provider/Coating Solutions   Five-year term/First Commonwealth, First National Bank of PA Sumitomo Mitsui Banking, TriState Capital Bank: lenders
Capital One Bank Signature HealthCARE $70.0 Revolver
Lender Provider/Long-Term Care Services   Three-year term/Supports growth
H.I.G. WhiteHorse School Specialty $70.0 Term Loan
Lender Distributor/Educational Products   "refinance the company's existing senior credit facilities. "
Bank of America Propex Operating Company $65.0 Revolver
Lender Provider/Engineered Products   Refinances existing debt
PNC Bank MedPlast $60.0 Revolver
Lender Producer/Precision Components   Supports acquisition of United Plastic Group/Steel City Capital Funding provided financing
GE Capital, Corporate Finance Apio $57.0 $25MM Revolver/$32MM Term Loan
Lender Supplier/Packaged Vegetables   Supports GreenLine Foods acquisition/GE Capital Markets: Ld arranger on portion of term loan
NXT Capital New Carbon Company $52.8 Revolver
Sole Ld Arranger, Sole Bookrunner, Admin Agent Provider/Waffle Mix   Supports acquisition by PNC RiverArch Capital
Wells Fargo Capital Finance Halston $50.0 Revolver
Lender Designer/Women's Apparel, Accessories   Trade Capital Division provided the facility
Fifth Street Finance YETI Coolers $47.5 $7.5MM Revolver/$40MM Term Loans
Ld Admin Agent, Underwriter Designer/Premium Coolers   Support acquisition by Cortec Group
Bank of America Advanced Lighting Technologies $45.0 Revolver
Lender Manufacturer/Energy Efficient Lighting Products  
Monroe Capital R. Cushman & Associates $43.3 Revolver
Lender Manufacturer/Power Transmission Products   Supports acquisition by Fabco Automotive Corporation Partners
MidCap Financial Alphatec Holdings $40.0 Revolver
Lender Provider/Medical Devices   Three-year term/Replaces prior facility with Silicon Valley Bank
LBC Credit Partners LLFlex $40.0 Term Loan
Agent Manufacturer/Packaging, Laminated Materials   Supports purchase of LLFlex by Centre Lane Partners
Fortress Investment Group Layered Technologies $38.0 Revolver
Lender Provider/Hosting, Cloud Services  
Wells Fargo Capital Finance K-Swiss $35.0 Revolver
Lender Developer/Footwear, Apparel, Accessories   Four-year term/Pays off existing facility with Bank of America
PNC Bank FRAC-CHEM $35.0 Revolver
Lender Manufacturer/Oilfield Chemicals  
PNC Bank ENGlobal $35.0 Revolver
Lender Provider/Engineering, Project Services   Three-year term/Repays $35MM facility with Wells Fargo Bank
CapitalSource Healthcare Credit Gulf Coast Healthcare $35.0 Revolver
Lender Operator/Skilled Nursing, Assisted Living Facilities  
Capital One Bank Silverleaf Resorts $35.0 Revolver
Lender Operator/Timeshares   Five-year term
NewStar Financial Copernicus Group Institutional Review Board $33.5 Revolver
Ld Arranger, Admin Agent Provider/Compliance Services   Supports acquisition by Arsenal Capital Partners
Crystal Financial Bakers Footwear Group $30.0 Revolver
Lender Retailer/Fashion Footwear   Four year term/Replaces existing facility with BofA
Ally Commercial Finance The Meadows of Wickenburg $28.0 Revolver
Admin Agent Operator/Addiction, Trauma Treatment Center   Refinances existing facility
Oxford Finance Pacira Pharmaceuticals $27.5 Term Loan
Lender Provider/Specialty Pharmaceuticals   Refinances existing debt
PNC Bank Hudson Technologies $27.0 Revolver
Lender Provider/Refrigeration Industry Solution   Three-year term/Replaces previous $15MM revolver with Keltic Financial Partners
Capital One Bank Directional Rentals $25.0 Revolver
Lender Provider/Oilfield Services   Five-year term/Recently acquired by Hicks Equity Partners, senior mgmt
Wells Fargo Capital Finance FastPay $25.0 Revolver
Lender Operator/Digital Media Finance Platform   SF Capital Group provided subordinated debt and equity investment
Healthcare Finance Group Anderson Regional Medical Center $25.0 Revolver
Lender Operator/Community Health System  
Salus Capital Partners Frederick's of Hollywood Group $24.0 Revolver
Lender Retailer/Women's Apparel, Lingerie   Three-year term/Replaces $12.5MM revolver with Wells Fargo, $8MM term loan with Hilco Brands
Salus Capital Partners Big M $20.0 Revolver
Lender Retailer/Apparel, Accessories   GRL Capital Advisors: Arranged financing/Refinances existing facility
Silicon Valley Bank EnteroMedics $20.0 Term Loan
Lender Developer/Medical Devices  
Silicon Valley Bank Delcath Systems $20.0 Revolver
Lender Provider/Pharmaceuticals, Medical Devices   Supports overall growth, development
Cole Taylor Business Capital Cambria Company $20.0 Revolver
Lender Operator/Quartz-Producing Plants  
AloStar Business Credit Southwest Georgia Ethanol $20.0 Revolver
Lender Producer/Corn Ethanol  
Salus Capital Partners Namco $20.0 Revolver
Lender Retailer/Home Recreational Products Retailer  
NewStar Business Credit Slate Media Group $18.1 $14.1MM Revolver/$4MM Term Loan
Lender Provider/Entertainment Production Equipment Rental   Supports acquisition of Technicolor NY ops, certain assets of Telecorps Holdings
PNC Bank Alliance Distributors Holding $16.5 $15MM Revolver/$1.5MM Term Loan
Lender Distributor/Videogames   Three-year term/Replaces prior facility with Rosenthal & Rosenthal
Oxford Finance, Silicon Valley Bank NanoString Technologies $15.0 $2MM Revolver/$13MM Term Loan
Lenders Provider/Life Sciences Tools  
Doral Healthcare Finance Prospect Medical Holdings $15.0 Revolver
Lender Provider/Healthcare, Physician Services   Part of a $40MM financing
AloStar Business Credit Shoe Sensation $15.0 Revolver
Lender Retailer/Footwear, Accessories  
Huntington Bank Asset Based Lending Universal Metals $15.0 Revolver
Lender Distributor/Steel Coils   Refinances existing bank debt
FirstMerit Bank Business Credit Primary Packaging $12.5 Revolver/Term Loan
Lender Manufacturer/Polyethylene Film, Bags   Partially finances acquisition of Primary Packaging by Fields Ventures
MidCap Financial PolyMedix $12.0 Term Loan
Lender Developer/Therapeutic Drugs   Pays off existing debt facility
Huntington Bank Asset Based Lending House of Stainless $12.0 Revolver
Lender Operator/Non-Ferrous Metals Service Center   Refinances existing debt
NewStar Business Credit Ultra Pro Corporation $11.3 Revolver/Term Loan
Lender Manufacturer/Gaming, Collectibles   Support acquisition of the Collectibles Division of Ultra Pro Corp
CapitalSource Healthcare Credit Reliant Senior Care $11.0 Revolver
Lender Operator/Long-Term, Post-Acute Care Centers  
Webster Business Credit Swift Electrical $11.0 Revolver
Lender Provider/Electrical Supply   Refinance existing facility
Comerica Bank 2tor $10.0 Revolver
Lender Provider/Online Degree Programs   Supports growth, strategic initiatives
Bridge Bank Quantum Fuel Systems Technologies $10.0 Revolver
Lender Provider/Alternative Energy  
NewStar Business Credit Horton Archery $10.0 Revolver
Lender Manufacturer/Crossbows, Archery Products   Supports future growth
FirstMerit Bank Business Credit NW Sign Industries $10.0 Revolver
Lender Manufacturer/Custom Signage  
Huntington Bank Asset Based Lending Dianne's Fine Desserts $10.0 Revolver
Lender Manufacturer/Gourmet Desserts   Supports asset acquisition
NewStar Business Credit The Markets $10.0 Revolver
Lender Operator/Grocery Stores, Pharmacies   Supports growth
FirstMerit Bank Business Credit Compass Chemical International $9.8 Revolver/Term Loan
Lender Manufacturer/Specialty Chemicals   Refinances existing debt
First Capital John B Rudy Company $9.5 Revolver
Lender Distributor/Wire, Cable, Related Connectivity Products  
Cole Taylor Business Capital Earthcore Industries $9.5 Revolver
Lender Manufacturer/Isokern Fireplaces, Chimneys   Supports acquisition needs
FirstMerit Bank Business Credit Colorbok $9.0 Revolver
Lender Distributor/Scrapbooking Products, Stationary, Crafts   Partially finances acquisition by Lazear Capital
Wells Fargo Capital Finance Jackson and Tull $9.0 Revolver
Lender Provider/Engineering, TechnicalServices   Cedar Croft Consulting: Financial advisor
First Capital Omni Valve Company $9.0 Revolver
Lender Provider/Valve Solutions  
Keltic Financial Services Whitley Products $8.9 $7.5MM Revolver/$.92MM Term Loan/$.5MM CAPEX Loan
Lender Supplier/Fabricated Tubular Products  
FirstMerit Bank Business Credit Summit Steel $8.5 Revolver
Lender Distributor/Alloy, Carbon Bar Stock   Refinances existing debt
Comerica Bank BIOLASE $8.0 Revolver
Lender Manufacturer/Dental Lasers   Two-year term
Cole Taylor Business Capital Zentech Manufacturing $7.7 Revolver
Lender Provider/Electronics Manufacturing Services   Supports company recap/NewSpring Mezzanine provided mezzanine debt, equity financing
GE Capital, Healthcare Financial Services PharmAthene $7.5 $5MM Revolver/$2.5MM Term Loan
Lender Developer/Medical Countermeasures  
Cole Taylor Business Capital H2X $7.3 Revolver
Lender Provider/Hydro-Excavation Services   Consolidates debt, funds ongoing growth/Deal source: Alpine Pacific Capital
Lawrence Financial Group John B. Rudy Company $7.0 Revolver
Lender Distributor/Wire, Cable Products   Supports growth, expansion
Gemino Healthcare Finance Anka Behavioral Health $7.0 Revolver
Lender Provider/Rehabilitation Services   Pays off existing debt
Keltic Financial Services Bayard Sales $6.0 Revolver
Lender Distributor/Floor Coverings  
Midcap Financial Stellar Pharmaceuticals $6.0 Term Loan
Lender Provider/Pharmaceuticals   Three-year term/Supports growth of Canadian product line
Square 1 Bank iScience Interventional $5.0 Revolver
Lender Provider/Medical Devices  
Wells Fargo Capital Finance SIS $5.0 Revolver
Lender Provider/IT Solutions, Services   Supports growth
Lawrence Financial Group Cimarron Entertainment Group $5.0 Revolver
Lender Operator/Entertainment Marketing Agency  
Wells Fargo's Technology & Venture Banking Group Dedicated Media $5.0 Revolver
Lender Provider/Customer Acquisition Platform   Supports expansion
First Capital Energy Services International $4.8 $4MM Revolver/$.75MM Term Loan
Lender provider/Marine, Drilling Systems Solutions  
GE Capital, Healthcare Financial Services Femasys $4.0 Term Loan
Sole Lender, Admin Agent Manufacturer/Medical Devices   Supports new product development
Cole Taylor Business Capital Bright Harvest Sweet Potato Co $3.5 Revolver
Lender Processor/Frozen Sweet Potato Products   Finances growth
TAB Bank Global Information Technology $3.0 Revolver
Lender Provider/Technology-Related Services  
Salus Capital Partners Brodkey Brothers $3.0 Revolver
Lender Operator/Jewelry Store Chain  
Avidbank Corporate Finance USA Technologies $3.0 Revolver
Lender Provider/Wireless Transactions, Network Services   One-year term
TAB Bank J.J. Collins $3.0 Revolver
Lender Manufacturer/Printed Materials   Fordham Capital Partners of Chicago worked with TAB on the transaction
Horizon Technology Finance OraMetrix $3.0 Revolver
Lender Provider/Orthodontic 3-D Technology Solutions   Supports growth
US Capital Partners Green Parts International $2.4 Term Loan
Lender Recycler/Automobiles, Appliances   Refinance existing debt
Gerber Finance Howard's Snacks $2.2 Revolver
Admin Agent Manufacturer/Pork, Chicken Skins   Supports growth
Avidbank AUXILIO $2.0 Revolver
Lender Provider/Print Services, Healthcare Industry  
TAB Bank Fred Tebb & Sons $2.0 Revolver
Lender Remanufacturer/Rough Cut Lumber  
Gerber Finance Empire Specialty Cheese Co $1.5 Revolver
Lender Manufacturer/Premium Cheeses   Replaces bank, Supports growth/$1MM accordion feature
MidCap Business Credit Divine Skin $1.5 Revolver
Lender Developer/Personal Care Products  
Postal Capital Funding CHDT $1.0 Revolver
Lender Manufacturer/Specialty Power Failure Lighting Solutions  
Sterling National Bank Union Plaza $1.0 Revolver
Lender Operator/Nursing Home Facility  

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