Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers all of 2003.
| LENDER(S) & ROLE | BORROWER & INDUSTRY | AMOUNT* | STRUCTURE & NOTES | |
|---|---|---|---|---|
| Hudson's Bay Company Retail/Department Store Chain |
GE Retail Fin / Bank of America Co-Lead Arrangers |
650.0 | Revolver Replaced $480MM unscrd facility; GE (admin agent); CIT Bus Credit Can. (fdng/coll agent) |
|
| DS Waters Enterprises Provider |
Bottled Water Delivery | J.P. Morgan/Citigroup Co-Lead |
550.0 | Revolver/Term Loan Used to fund joint venture (Group Danone & Suntory Limited) |
| Circuit City Stores | Inc. Retail/Consumer Electronics |
Fleet Retail Finance Lead Arranger |
500.0 | Revolver Four-year term/replaces $210MM unsecured credit line |
| Nextel Partners | Inc. Provider/Wireless Telecom |
J.P. Morgan Securities/Morgan Stanley Fdg Co-Agents |
475.0 | $100MM Revolver/$375MM Term Loan Six/seven-year; replaced existing credit facility |
| Solutia | Inc. Producer/Chemical Products |
Ableco Finance Lead |
350.0 | Revolver Three-year term; participants include Wells Fargo Foothill & Congress Financial |
| Central Parking Corporation Parking Garage Chain |
Bank of America Lead/Agent |
350.0 | $175MM Revolver/$175MM Term Loan Five/seven-year term; primarily a refinancing |
|
| Jack in the Box | Inc. Franchise/Fast Food |
Wachovia Securities Arranger/Underwriter |
350.0 | $200MM Revolver/$150MM Term Loan $25MM revolver incrs; lead agents: Fleet NB, U.S. Bancorp, Rabobank & BNP Paribas |
| Alderwoods Group | Inc. Funeral Service Provider |
Bank of America Lead Arranger |
325.0 | $50MM Revolver/$275MM Term Loan B Term B portion to refinance existing debt |
| Foamex International | Inc. Manufacturer/Foam Products |
Bank of America / Silver Point Fin Lead Arranger/Co-Lender |
320.0 | $190MM Revolver/$130MM Term Loans Four-year term; Silver Point Finance provided $80MM portion of term loan |
| Standard Motor Products |
GE Commercial Finance Lead |
305.0 | Revolver (Expanded) $225MM facility increased by $80MM to fund purchase of selected U.S. operations of Dana Corp |
|
| Winn-Dixie Stores | Inc. Retail/Grocery Store Chain |
Wachovia Bank Lead |
300.0 | Revolver Three-year term; replaces 364 day & five-year facility; Congress Financial (coll agent) |
| Building Materials Holding Corp Construction Services Provider |
Wells Fargo Bank/GE Capital Co-Lead Arrangers |
300.0 | $175MM Revolver/$125MM Term Loan Wells Fargo (admin agent), U.S. Bank (syn agent) & Union Bank of Calif (doc agent) |
|
| TruServ Corporation Wholesaler/Hardware Cooperative |
Fleet Capital Admin Agent |
275.0 | Revolver/Term Loan Fleet Sec (lead arranger & sole bookrunner); refi existing notes, replaces sr bank debt |
|
| Stericycle | Inc. Medical Waste Mgm't Services |
Bank of America Lead Arranger |
264.8 | $105MM Revolver/$159.8MM Term Loan Five/Six-year Term; amendment to increase borrowing capacity capacity ($51 MM) |
| Methanex Corporation Producer/Methanol Products |
RBC Capital Markets Lead Arranger |
250.0 | Revolver Three-year term; replaces existing facility |
|
| Hollywood Entertainment Corp. Retail/Home Video Rentals |
UBS Warburg LLC Lead Arranger |
250.0 | $50MM Revolver/$200MM Term Loan Five-year Term; repay existing indebtedness |
|
| Grant Prideco |
Deutsche Bank Trust Lead Arranger |
240.0 | $190MM Revolver/$50MM Term Loan Four-year term; widely syndicated acquisition financing; provides for U.S. and Canadian borrowings |
|
| SOLA International | Inc. Manufacturer/Eyeglass Lenses |
UBS Securities/J.P. Morgan Securities Joint-Lead Arrangers |
225.0 | $50MM Revolver/$175MM Term Loan Six-year/Five-year term; Union Bank of California (admin agent) |
| Omega Healthcare Investors | Inc. REIT/Long-term Healthcare |
GE Healthcare Financial Svs Lead Arranger |
225.0 | $100MM Revolver/$125MM Term Loan Four-year Term; refinance of two existing facilities |
| Wabash National Corporation Manufacturer/Truck Trailers |
Fleet Securities/Fleet Capital Lead Arranger/Admin Agent |
222.1 | $175MM Revolver/$47.1MM Term Loan Three-year term; National City (syn agent); Wachovia & GE Capital (co-doc agents) |
|
| Musicland Holdings Corporation Retail/Music Store Chain |
Congress Financial/Fleet Retail Co-Lead |
200.0 | Revolver Sun Capital Partners named as participant ($50MM) |
|
| Duane Reade | Inc. Retail/Drugstore Chain |
Fleet Retail Fin/GE Corp Fin'l Svs Co-Agents |
200.0 | Revolver/Term Loan Five-year term; Fleet Securities (lead arranger) & Congress Financial (doc agent) |
| Seneca Foods Corporation Manufacturer/Food Products |
Fleet Securities/Fleet Capital Arranger/Lead |
200.0 | $200MM Revolver/Term Loan Financing provided for acquisition (Chiquita Processing); refinancing of existing debt |
|
| PNA Group Distributor/Steel Products |
Fleet Capital/Bank of America Co-Agents |
195.0 | Revolver Five-year term; used to refinance existing debt |
|
| Blount International | Inc. Manufacturer/Outdoor Products |
GE Corp Lending/GE Capital Mkts Admin Agent/Lead Arranger |
190.0 | $67MM Revolver/$123MM Term Loan Term B portion of term loan $85MM/ refinance of existing term loan |
| Spartan Stores | Inc. Retailer/Groceries |
Congress Financial/Kimco Realty Co-Lead |
185.0 | $170MM Revolver/$15MM Supplemental Credit Facility Four-year term; replaces existing credit facility |
| J. Crew Retail/Apparel |
Wachovia Bank/Congress Fin'l Arranger/Lead |
180.0 | Revolver/Term Loan Participants incl: CIT Business Credit, BofA, Merrill Lynch Capital & LaSalle Retail Fin |
|
| CKE Restaurants | Inc. Franchise/Casual Dining |
BNP Paribas Lead Arranger/Admin Agent |
175.0 | $150MM Revolver/$25MM Term Loan Three/4 1/2 year term; revolver includes $80MM L/C sub facility; term loan used to refinance existing debt |
| Westcon Group | Inc. Distributor/Networking Tech Products |
HSBC Lead Arranger |
175.0 | Revolver GE Capital (coll agent); syndicate of seven banks participated |
| Wackenhut Corrections Corporation |
Wachovia Securities/BNP Paribas Co-Lead Arrangers |
175.0 | $50MM Revolver/$125MM Term Loan Five/Six-year term; proceeds used to purchase properties under operating lease facility |
|
| Center Partners Mgm't Manufacturer/Canned Seafood Products |
Fleet Securities/Fleet Capital Arranger/Lead |
171.2 | $145MM Revolver/$26.2MM Term Loan Acquisition financing (Bumble Bee Seafoods) |
|
| Desa International |
Congress Financial Admin Agent |
165.0 | Revolver/Term Loan Financing provided to H.I.G. Capital for acquisition of borrower; Ableco Finance (collateral agent) |
|
| Alliant Resources Distributor/Financial Services |
GE Capital Admin Agent |
160.0 | $80MM Revolver/$80MM Term Loan Credit Lyonnais & Madison Cap (co-lead), Merrill Lynch Cap (syn) & LaSalle Bank (doc) |
|
| NationsRent | Inc. Provider/Equipment Rentals |
Wachovia Bank/GE Capital Co-Arrangers |
150.0 | Revolver Exit financing |
| Stein Mart | Inc. Retail/Apparel |
Congress Financial Lead |
150.0 | Revolver Three-year term; refinancing includes option to increase to $175MM |
| KBUS Holdings | LLC Provider/Motorcoach Services |
Fleet Securities/Fleet Capital Syndication Agent/Lead |
140.0 | Revolver Acquisition Financing (Coach USA) |
| Midas | Inc. Auto Aftermarket & Service Provider |
Wells Fargo Foothill/Ableco Fin Co-Lead |
140.0 | $48MM Revolver/$92MM Term Loan Three-year term; requires commitment by existing lenders to provide $40MM sub-debt |
| Olympic Steel | Inc. |
Comerica Bank Lead/Agent |
132.0 | $90MM Revolver/$42MM Term Loan Three-year term; replaced $125MM facility |
| Fleetwood Enterprises |
Bank of America Admin Agent |
130.0 | Revolver Existing facility increased by $20MM |
|
| GenTek | Inc. Manufacturer/Industrial Products |
Bank of America Lead |
125.0 | Revolver Multi-year term; exit financing |
| Denny's Inc. Franchise/Casual Dining |
J.P. Morgan Securities Lead Arranger |
125.0 | Revolver One-year term; Foothill Cap (syn agent); J.P. Morgan Chase (admin & collateral agent) |
|
| Superior TeleCom | Inc. Manufacturer/Wireless & Cable Products |
GE Capital/Fleet Capital Co-Lead |
120.0 | Revolver Exit financing; emerges as Superior Essex, Inc. |
| Lerner New York Retail/Apparel |
Wachovia Bank/Congress Fin'l Arranger/Lead |
120.0 | Revolver Financing to facilitate Limited Brands private equity buyout; CIT Business Crdt (co-lndr) |
|
| Hexcel Corporation Manufacturer/Structural Materials |
Fleet Securities/Fleet Capital Lead Arranger/Agent |
115.0 | Revolverx Five-year term; multi-national, multi-currency facility |
|
| Gerber Scientific Manufacturer/Computer-Based Sys/Equip |
Fleet Securities/Fleet Capital Arranger/Co-Lead |
110.0 | $45MM Revolver/$65MM Term Loan Four-year term; Ableco Finance provided term loan |
|
| Atlantis Plastics | Inc. Manufacturer/Polyethylene Films |
GE Commercial Finance/CIBC (WM) Co-Lead Arrangers |
110.0 | $35MM Revolver/$75MM Term Loan Five/Six-year (term B); incl: Merrill Lynch Cap, BNP Paribas, John Hancock & ORIX Fin'l |
| Titanium Metals Corporation Manufacturer/Titanium Products |
Congress Financial Lead |
105.0 | Revolver Existing facility increased by $15MM; resulted from addition of new participant |
|
| Applied Extrusion Technologies | Inc. Manufacturer/Plastic Films |
GE Commercial Finance Lead |
100.0 | $50MM Revolver/$50MM Term Loan Five-year term; partially used to refinance existing debt & to repurchase leased equipment |
| Interface | Inc. Manufacturer/Carpet |
Wachovia Bank Lead |
100.0 | Revolver Refinance existing facility |
| Fila USA | Inc. Manufacturer/Athletic Apparel & Footwear |
Congress Financial Lead |
100.0 | Revolver Three-year term; acquisition financing -includes $10MM line for Canadian subsidiary |
| Fingerhut Direct Catalog Merchandiser |
CIT Business Credit Arranger/Admin Agent |
100.0 | Revolver Provided by CIT's Retail Finance Group |
|
| Columbus McKinnon Corporation Manufacturer/Material Handling Products |
Fleet Capital Lead/Agent |
100.0 | $30MM Revolver/$70MM Term Loan 4 1/2 year term; Fleet Securities placed the secured term loan |
|
| Arena Brands | Inc. Manufacturer/Apparel |
GE Corp Lending Lead Agent |
94.5 | $50MM Revolver/$44.5MM Term Loan Term loan used to refinance existing bank loans |
| WKTM Skilled Nursing Facilities |
CapitalSource Healthcare Fin Lead |
94.0 | $30MM Revolver/$64MM Term Loan Term loan used to finance acquisition of skilled nursing facilities |
|
| American Skiing Company |
GE Structured Finance Lead |
91.5 | $40MM Revolver/$51.5MM Term Loan Refinancing; $20MM portion of term loan provided by CapitalSource |
|
| Burlington Industries | Inc. Manufacturer/Flat Glass Products |
CIT Business Credit Lead |
85.0 | Revolver Exit financing following the sale of Burlington to WL Ross & Co. |
| Delta Apparel | Inc. Wholesaler/Apparel |
Congress Financial Lead |
81.0 | Revolver Acquisition financing (M.J. Soffe Co.) |
| Dayton Superior | Inc. Manufacturer/Steel Pipes & Tubes |
GE Capital Lead |
80.0 | Revolver Refinance of existing $50MM credit facility |
| IPC Acquisition Corporation Trading Floor Solutions Provider |
GE Media & Commun Finance Admin Agent |
80.0 | $25MM Revolver/$55MM Term Loan Five-year term; Goldman Sachs Credit Partners (sole lead arranger & book runner) |
|
| Tube City | Inc. Processor/Scrap Metal |
Bank One Lead |
75.0 | $50MM Revolver/$15MM Term Loan/$10MM CAPEX Acquisition financing; US Bank (syn agent); Citizens Bank (doc agent) |
| Sun Healthcare Group Service/Healthcare Provider |
CapitalSource Finance Agent/Lender |
75.0 | Revolver Two-year term; replaced credit facilities with Heller Healthcare Finance & Citicorp |
|
| US Fence | Inc. Manufacturer/Fencing & Railing |
U.S. Bank Business Credit Agent/Lender |
75.0 | $70MM Revolver/$5MM CAPEX Three-year term; refinance an existing facility |
| COMFORCE Corporation Provider/Staffing Solutions |
PNC Business Credit Lead/Agent |
75.0 | Revolver Four-year term; refinance an existing facility |
|
| Lund International Manufacturer/Auto Specialty Products |
GE Corp Finance/BNP Paribas Co-Agents |
75.0 | Revolver/Term Loan Merrill Lynch Capital named as participant |
|
| Champion Home Builders Company |
Wachovia Bank/Congress Financial Arranger/Lead |
75.0 | Revolver Three-year term; primarily for L/C issuance; freed-up $50MM in restricted cash |
|
| Brightpoint | Inc. |
GE Commercial Finance Lead Arranger |
70.0 | Revolver Provided incremental borrowing availability of $7.5MM; overall facility reduced from $90MM |
| Source Interlink Companies Distributor/Management Services |
Wells Fargo Foothill/Hilco Capital Co-Lenders |
65.0 | $45MM Revolver/$20MM Term Loans Three-year term; term loan allocation: Hilco Capital ($15MM) & Wells Fargo Foothill ($5MM) |
|
| Acton Industries Provider/Storage Services |
Congress Financial Lead/Agent |
65.0 | Revolver Three-year term; used for acquisition financing |
|
| All American Semiconductor Distributor/Electronic Components |
Harris Trust & Savings Bank Lead |
65.0 | Revolver Three-year term; replaces $60MM credit facility; new bank added to consortium |
|
| Party City Corporation Retail/Party Supplies |
Wells Fargo Retail Finance Lead Arranger |
65.0 | Revolver Three-year term; replaced $40MM facility with Congress Fin'l; Fleet Retail Fin (doc agent) |
|
| UNICCO Service Company Services/Facilities Outsourcing |
CIT Business Credit Lead |
60.0 | Revolver/Term Loan Three-year term; refinancing of similar facility with other lenders |
|
| Aventine Renewable Energy | Inc. Manufacturer/Ethanol |
J.P. Morgan Business Credit Admin/Collateral Agent |
60.0 | Revolver Partially used for acquisition financing |
| Bradshaw International Distributor/Kitchenware |
Fleet Capital Lead |
51.0 | Revolver/Term Loan Existing facility increased by $13.5MM ; acquisition financing (Butler Home Products) |
|
| Loehmann's Holdings Inc. Retailer/Apparel |
CIT Business Credit Lead |
50.0 | Revolver Replaces existing facility with Bankers Trust |
|
| The Sharper Image Corporation Retailer/Specialty Items |
Wells Fargo Retail Finance Lead |
50.0 | Revolver Used for working capital & provides for L/Cs |
|
| Presstek | Inc. Provider/Digital Imaging Technology |
Citizens Bank/Key Bank Co-Agents |
50.0 | Revolver Citizens Bank of New Hampshire (admin agent); Key Bank (doc agent) |
| Cici's Pizza Franchise/Casual Dining |
GE Capital/Frost Bank Co-Lenders |
50.0 | Term Loan Financing supports MBO led by Levine Leichtman Capital |
|
| Trigeant E.P. | Ltd. Asphalt Refinery |
Congress Financial Lead |
50.0 | Revolver Three-year term; used for acquisition financing |
| Hudson Highland Group |
Wells Fargo Foothill Lead |
50.0 | Revolver/Term Loan Three-year term |
|
| SITEL Corporation |
Fleet Capital Lead |
50.0 | Revolver Three-year term; replaced existing $50MM facility; secured by A/R in U.S., Canada & U.K. |
|
| Infogrames | Inc. |
GE Commercial Finance Lead |
50.0 | Revolver 2 1 /2-year term; all other debt obligations subordinated to new facility |
| Navarre Corporation Wholesaler/Home Entertainment Cpmponents |
GE Capital/Hilco Capital Co-Lenders |
46.0 | $40MM Revolver/$6MM Term Loan Acquisition financing of BCI Eclipse, LLC |
|
| Wickes Furniture Company |
Wells Fargo Retail Finance Lead |
46.0 | Revolver Renewal of existing facility |
|
| The Aristotle Corporation Manufacturer/Educational Products |
Bank One Agent |
45.0 | Revolver Five-year term; replaces existing credit facility; Johnson Bank (participant) |
|
| Hussey Copper Manufacturer/Copper Products |
CIT Business Credit/Fleet Capital Agent/Lender |
45.0 | $35.5MM Revolver/$9.5MM Term Loan Three-year term; replaced Citizens Bank facility |
|
| Transplace | Inc. Services/Logistics Mgm't |
Fleet Capital Lead |
40.0 | Revolver/Term Loan Three-year term; new facility to refinance existing debt |
| Penton Media | Inc. B/B Media Company |
Wells Fargo Foothill Lead Arranger |
40.0 | Revolver New facility adding $20MM in availability; CSFB acted as advisor on facility placement |
| Pierre Foods | Inc. Producer/Food Products |
Fleet Capital Lead |
40.0 | Revolver Partially used to refinance existing indebtedness |
| Mackie Designs Manufacturer/Audio Equipment |
Congress Financial/U.S. Bank Co-Lenders |
39.5 | $26MM Revolver/$13.5MM Term Loan U.S. Bank provided $11MM of term loan (Three-year term) |
|
| Market Transport | Ltd. Regional Truckload Carrier |
Fleet Capital Lead |
36.5 | Revolver/Term Loan Used to acquire controlling interest in InTransit, Inc.; working capital/CAPEX |
| Gadzooks | Inc. Retail/Casual Apparel |
Wells Fargo Retail Finance Lead |
35.0 | Revolver Existing facility increased by $5MM; seasonal increase through 12/31/03 |
| Lionel LLC Manufacturer/Model Trains |
PNC Business Credit Lead |
35.0 | Revolver/Term Loan New facility replaces existing loan and provides for other banking services |
|
| Radiant Research | Inc. Clinical Drug Testing |
CapitalSource Finance Lead |
35.0 | $27MM Revolver/$8MM Term Loan Primarily used to facilitate acquisition of Photocare, Inc. |
| Copeland Enterprises | Inc. |
Wells Fargo Retail Finance Lead |
35.0 | Revolver Facility used for recapitalization |
| JJI Lighting Company Manufacturer/Lighting Specialties |
Transamerica Business Capital Lead |
35.0 | Revolver/Term Loan Refinacing; Mezzanine Management equity sponsor |
|
| R.G. Barry Corporation |
Huntington National Bank Lead |
32.0 | Revolver Three-year term; replaced unsecured facility |
|
| Advanced Lighting Technologies | Inc. Manufacturer/Metal Halide Lighting Products |
Wells Fargo Foothill Lead |
30.0 | Revolver Exit financing; Saratoga Lighting Holdings provided $30MM in equity financing |
| Symbol Technologies | Inc. Enterprise Mobility Solutions |
Fleet Capital Lead Arranger |
30.0 | Revolver Replaces existing facility with different syndicate of banks |
| Riverside Private Equity Distributor/Automotive Aftermarket Accessories |
Congress Financial Lead |
30.0 | Revolver Three-year term; acquisition financing (American Products Company) |
|
| American Products | Inc. Manufacturer/Aftermarket Auto Parts |
Congress Financial Lead |
30.0 | Revolver Three-year term; used for acquisition financing |
| World Airways Commercial Airline |
Wells Fargo Foothill Lead |
30.0 | Revolver Five-year term; retired prior credit facility with GMAC |
|
| W.L. Petrey Wholesale Company |
Fleet Capital Lead |
30.0 | Revolver Refinancing |
|
| Capital Five Investments Manufacturer/Multi Wall Bags |
Transamerica Business Capital Lead |
29.0 | $17MM Revolver/$12MM Term Loan Acquisition financng (Mid-America Packaging & Delta Natural Kraft) |
|
| Gardner Industries Manufacturer/Roof & Driveway Products |
GE Business Credit Lead |
28.0 | Revolver New facility to fund working capital |
|
| Norstan | Inc. Provider/Communication Technology Solutions |
Wells Fargo Foothill Lead |
27.5 | $5MM Revolver/$22.5MM Term Loan Five-year term; replaces existing facility |
| Triangle Chemical Company Wholesale Distributor/Agricultural Chemicals |
Fleet Capital Lead |
25.0 | Revolver Refinances existing debt |
|
| PODS | Inc. Provider/Mobile Storage |
Congress Financial Lead |
25.0 | Revolver Provides acquisition financing |
| Reunion Industries | Inc. Provider/Metal & Plastics Products |
Congress Financial Lead |
25.0 | Revolver Replaces existing facility with Bank of America |
| Specialty Laboratories | Inc. Clinical Reference Laboratories |
CIT Business Credit Lead |
25.0 | Revolver New facility to fund working capital |
| Gabberts | Inc. Retail/Home Furnishings |
LaSalle Retail Finance Lead |
25.0 | Revolver Three-year term; new working capital facility |
| Expanets | Inc. Networked Communication Solutions |
Congress Financial Lead |
25.0 | Revolver Two-year term; new working capital facility |
| Cyberonics | Inc. Manufacturer/Medical Devices |
CIT Business Credit Lead |
25.0 | Revolver Existing facility increased by $15MM |
| Beck Aluminum Corporation |
Transamerica Business Capital/KeyBank Co-Lenders |
25.0 | Revolver Refinancing |
|
| Johnston Industries | Inc. Manufacturer/Technical & Decorative Textiles |
Fleet Capital Lead |
24.5 | Revolver MBO financing of fabric & testing business (Johnston Industries); equity (Meriturn Partners) |
| Rooster Products | Inc. Manufacturer/Construction Supplies |
Bank One Lead |
24.5 | $23.75MM Revolver/$750M CAPEX Partially used to refinance existing debt |
| Gulistan Carpet | Inc. Manufacturer/Floor Covering |
Fleet Capital Lead |
23.5 | Revolver/Term Loan Used to finance acquisition by Hampton Capital; refinance existing debt |
| Anacomp | Inc. |
Fleet National Bank/Union Bank of California Co-Lenders |
22.5 | Revolver |
| Excelligence Learning Corp. Manufacturer/Educational Products |
Bank of America Lead |
20.0 | $15MM Revolver/$5MM Term Loan Two/five-year term; replaces existing facility with GMAC Business Credit |
|
| Precision Coil | Inc. Manufacturer/Aluminum Coils |
Fleet Capital Lead |
20.0 | Revolver/Term Loan Refinance existing debt/working capital; provides for L/Cs |
| Standard Management Corporation Provider/Life Insurance |
CIT Business Credit Lead |
20.0 | $10MM Revolver/$10MM Term Loan Replaces current revolver and sub-debt |
|
| IMAX Corporation Manufacturer/Entertainment Technology |
Congress Financial Lead |
20.0 | Revolver New financing relationship; transaction expected to close by year-end |
|
| Stonepath Group Services/Logistics Mgmt |
LaSalle Business Credit Lead |
20.0 | Revolver $5MM revolver increase |
|
| Reed & Barton Corporation Marketer/Tableware & Giftware |
Fleet Capital Lead |
20.0 | Revolver Sustains 100 + year relationship, adds additional corporate svs including L/C facility |
|
| Trans Healthcare | Inc. Skilled Nursing Facilities |
CapitalSource Healthcare Lead |
20.0 | Revolver Included inter-creditor agreement with lender & REIT |
| SL Industries | Inc. |
LaSalle Business Credit Lead |
20.0 | Revolver/Term Loan Three-year term |
| Mercator Software | Inc. |
Wells Fargo Foothill Lead |
20.0 | $10MM Term Loan/$5MM L/C/$5MM Revolver Three-year term; replaced $15MM facility with Silicon Valley Bank |
| Bradford Soap International Manufacturer/Specialty Soaps |
Fleet Capital Lead |
19.0 | Revolver/Term Loan Partially used for acquisition financing (The Hewitt Soap Company) and to refinance existing debt |
|
| Magnetek Manufacturer/Digital Power Supplies |
Bank One Lead |
19.0 | Revolver Three-year term; new facility replaced existing $16MM credit line |
|
| Metrologic Instruments | Inc. Manufacturer/Laser Bar Code Scanners |
PNC Bank Lead |
17.5 | $13MM Revolver/$4.5MM Term Loan Three-year term; debt restructure |
| IWT Tesoro Corporation Distributor/Ceramic Tile |
Fleet Capital Lead |
17.0 | Revolver Partially used to refinance existing debt and working capital |
|
| Tiro Industries | LLC Manufacturer/Personal Care Goods |
Transamerica Business Capital Lead |
17.0 | Revolver/Term Loan/$1MM CAPEX Facility used for acquisition of Tiro by Daily Capital |
| SPAR Group | Inc. |
Whitehall Business Credit Lead |
15.0 | Revolver Three-year term; replaced previous facility with IBJ Whitehall Business Credit |
| Align Technology | Inc. |
Comerica Bank Lead |
15.0 | $10MM Revolver/$5MM Term Loan 18-month term; term loan is equipment based @ 36 months |
| iBasis | Inc. |
Silicon Valley Bank Lead |
15.0 | Revolver Two-year term; includes warrants to purchase shares of borrower's stock |
| Global DocuGraphix | Inc. Provider/Commercial Printing Services |
GE Business Credit Lead |
14.0 | Revolver New facility to fund working capital |
| rue21 | inc. Retail/Apparel |
LaSalle Retail Finance Lead |
13.0 | $13MM Revolver Three-year term; exit financing |
| TransAct Technologies | Inc. Manufacturer/Transaction Printers |
Banknorth, N.A. Lead |
12.5 | $11.5MM Revolver/$1MM CAPEX Three-year; replaced existing facility with LaSalle Business Credit |
| Terk Technologies Corporation Manufacturer/Audio & Video Products |
Fleet Capital Lead |
12.0 | Revolver Used to refinance existing debt & provides for L/Cs |
|
| Terk Technologies Corporation Manufacturer/Electronics |
Fleet Capital Lead |
12.0 | Revolver Refinance existing debt; includes L/Cs |
|
| SMTEK International | Inc. Provider/Electronic Manufacturing Services |
Wells Fargo Business Credit Lead |
12.0 | $10MM Revolver/$1MM Term/$1MM CAPEX Three-year term |
| A-Top Polymers | Inc. Distributor/Plastic Resins |
GE Business Credit Lead |
12.0 | Revolver New facility to fund working capital |
| Hirsch International Corporation |
Congress Financial Lead |
12.0 | Revolver Three-year term; replaced facility with PNC Bank |
|
| Mrs. Fields' Original Cookies | Inc. |
Wells Fargo Foothill Lead |
11.9 | $9.9MM Revolver/$2MM L/C Two-year term; $2.9MM increase |
| The Flexitallic Group | Inc. Manufacturer/Sealing Products |
Transamerica Business Capital Lead |
11.5 | $10MM Revolver/$1.5MM Term Loan Five-year term |
| CTI Industries | Inc. Manufacturer/Balloons & Specialty Films |
Cole Taylor Bank Lead |
11.0 | $7.5MM Revolver/$3.5MM Term Loan Two-year term; replaces existing facility |
| Digital Recorders | Inc. Marketer/Digital Communications |
LaSalle Business Credit Lead |
10.0 | Revolver/Term Loan Three-year term; replaces existing facility with Guaranty Business Credit |
| Super Stores of America | Inc. Retail/Furniture |
LaSalle Retail Finance Lead |
10.0 | Revolver Three-year term; new facility for working capital |
| Southwall Technologies | Inc. Manufacturer/Film Coatings |
Pacific Business Funding Lead |
10.0 | Revolver One-year term; Ex-Im Bank provided $5MM guarantee |
| American Seafood Importer | Inc. Wholesaler/Seafood |
Fleet Capital Lead |
10.0 | Revolver/Term Loan Refinancing |
| The Ski Market Ltd. |
LaSalle Retail Finance Lead |
10.0 | Revolver Three-year term |
|
| Frank's Nursery & Crafts | Inc. Retail/Lawn & Garden |
Kimco Capital Lead |
10.0 | Revolver Existing credit facility amendment; incl warrants to purchase shares of borrower's stock |
| Orchid BioSciences | Inc. |
Comerica Bank Lead |
10.0 | Revolver No other details provided |
| Galaxy Nutritional Foods |
Textron Financial Lead |
7.5 | Revolver Replaced Finova Capital facility |
|
| Avamar Technologies | Inc. Provider/Data Protection Solutions |
Western Technology Investment Lead |
5.0 | Revolver Western Technology Investment is also an equity shareholder |