Deal Charts

ABL Deal Chart 2003

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