Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers all of 2004.
| LENDER(S) & ROLE | BORROWER & INDUSTRY | AMOUNT* | STRUCTURE & NOTES | ||
|---|---|---|---|---|---|
| Revlon Manufacturer/Cosmetics |
Citigroup Global Markets Lead |
960.0 | Revolver Extends the maturing of much of its debt due in 2005 |
||
| SpectraSite Communications Operator/Wireless Tower |
TD Securities/Citigroup Global Markets Co-Lead |
900.0 | $200MM Revolver/$300MM Delayed Draw Term Loan Proceeds were used to repay previous senior secured credit facility |
||
| BlueLinx Corporation Manufacturer/Building Materials |
Congress Financial/Goldman Sachs Co-Lead Arrangers |
700.0 | Revolver Acquisition Financing for Cerberus Capital Management (equity investor) |
||
| Cricket Communications Provider/Cell Phones |
BofA Securities/Goldman Sachs.CSFB Co-Lead Arrangers |
650.0 | Revolver/$500MM Term Loan Five-year revolver; six-year term loan |
||
| SCANA Corporation Provider/Electric & Gas |
Wachovia Capital Markets/Banc of America Securities Co-Lead Arrangers |
640.0 | $400MM 5-Year Revolver/$125MM 5-Year Revolver/$125MM 5-Year Revolver Provided to three of company's subsidiaries |
||
| Wellman | Inc. Manufacturer/Textile Polymer Products |
Deutsche Bank Securities/J.P. Morgan Securities Sole Bookrunner (Revolver)/Joint Bookrunners (Term Loans) |
625.0 | $175MM Revolver/$450 Term Loans Five-year First Lien Term Loan; six-year Second Lien Term Loan |
|
| Paladin Resources plc Provider/Oil and Natural Gas |
JP Morgan Chase Lead |
600.0 | Revolver Five-year term |
||
| Winn-Dixie Stores Retailer/Supermarket |
Wachovia Capital Markets/Congress Financial Lead |
600.0 | $400MM Revolver/$200MM Standby Letter Refinances and increases existing credit facility |
||
| NES Rentals Holdings Inc. Supplier/Heavy Equipment |
Bank of America Lead |
575.0 | $300MM Revolver/$275MM Second-Lien Term Five-year credit facility; six-year term loan |
||
| Mervyn's | LLC Supplier/Plastic Parts |
Congress Financial/Goldman Sachs Co-Lead Arrangers |
550.0 | Revolver Merrill Lynch Capital served as joint bookrunner, syndication agent and Term C Loan collateral agent |
|
| United Industries Manufacturer/Lawn Care Products |
Banc of America Securities/Citigroup Global Mkts Co-Lead Arrangers |
510.0 | $125MM Revolver/$385MM Term Loan Six/seven-year term; refinancing in conjunction with Nu-Gro acquisition |
||
| The Holmes Group Manufacturer/Small Appliances |
GE Capital Markets/Credit Suisse First Boston Joint-Lead Arrangers |
425.0 | $90MM Revolver/$335 Term Loan Facility consists of first lien debt/second lien debt; GE Comm'l Fin (admin agent) & CSFB (syn agent) |
||
| Denny's Corporation Franchise/Restaurant |
Banc of America Securities/UBS Securities Joint Lead Arranger |
420.0 | $75MM Revolver/$225MM First Lien Term Loan/$120MM Second Lien Term Loan Four-year revolver; five-year first lien term loan and six-year second lien term |
||
| Teleflex Incorporated Manufacturer/Transportation Parts |
JP Morgan/Wachovia Co-Lead Arrangers |
400.0 | Revolver Five-year term; $100M expansion feature |
||
| Swift Energy Company Provider/Oil and Natural Gas |
Banc One Capital Lead |
400.0 | Revolver Replaces former $300MM revolver; ten-member bank group |
||
| Entravision Communications Corporation Media/Television and Radio |
Goldman Sachs/Union Bank of California Co-Lead Arrangers |
400.0 | $150MM 6-1/2-Year Revolver/$175MM 7-1/2-Year Term Loan/$75MM 7-1/2-Year Delayed Draw Term Loan Replaces existing facility |
||
| Coinstar | Inc. Provider/Coin-Counting Machines |
JP Morgan Chase Lead |
310.0 | $60MM Revolver/$250MM Term Loan Facilities also arranged by Lehman Bros., Bank of America, KeyBank and Wells Fargo |
|
| Amkor Technology | Inc. Provider/Contract Semiconductor Assembly |
Citigroup Global Markets/Others Lead Arranger |
300.0 | Term Loan Participants include Merrill Lynch, Pierce, Fenner & Smith, JP Morgan Securities, Citicorp and JPMorgan Chase Bank |
|
| Nash Finch Company Distributor/Food |
Deutsche Bank Lead |
300.0 | $125MM Revolver/$175MM Term Loan B Revolver has five-year term; term loan has six-year term |
||
| Kindred Healthcare Provider/Health Care Services |
JP Morgan Securities Lead |
300.0 | Revolver Five-year term; replaces existing credit agreements |
||
| Ventas Realty REIT/Health Care |
Banc of America Securities Lead |
300.0 | Revolver Participants include Bank of America, Merrill Lynch & Co., Merrill Lynch Pierce Fenner & Smith, UBS Securities, Calyon New York Branch, JPMorgan Chase Bank and Citicorp North America |
||
| AK Steel Corporation Manufacturer/Steel |
GE Capital Markets Lead |
300.0 | Revolver Three-year term; GE Comm'l Finance (admin agent) |
||
| Longs Drug Stores Retailer/Drug Store |
Bank of America Retail Finance Lead |
280.0 | Revolver Five-year term; replaces unsecured facility |
||
| Denny's Corporation Franchise/Restaurant |
Banc of America Securities/UBS Securities Co-Lead Arrangers |
275.0 | $75MM Revolver/$200MM Term Loan Five-year term loan; four-year revolver replacing existing facility |
||
| Pathmark Stores | Inc. Operator/Supermarkets |
Fleet Retail Group Lead |
250.0 | $180MM Revolver/$70MM Term Loan Replaces five-year revolver and seven-year term loan |
|
| Charter Communications | Inc. Provider/Cable & Broadband Services |
GE Global Media & Communications Group Lead |
248.0 | Revolver GE Comm'l Finance (doc agent) |
|
| Doane Pet Care | Inc. Provider/Pet Care Supplies |
Credit Suisse First Boston Lead |
230.0 | Revolver Five-year term |
|
| Republic Engineered Products | Inc. Manufacturer/Special Bar Quaility Steel |
GE Commercial Finance Lead Arranger/Agent |
200.0 | Revolver Five-year term; participants included: UBS Loan Finance, Bank One & Merrill Lynch Capital |
|
| Cummins Inc. Designer & Manufacturer/Engines |
GE Corporate Lending Group Lead |
200.0 | Revolver Replaces existing credit facility |
||
| Payless ShoeSource | Inc. Retailer/Footwear |
Wells Fargo Retail Finance Arranger/Admin Agent |
200.0 | Revolver Four-year term with optional one-year extension; replaces existing credit facility |
|
| Inner City Broadcast Holdings | Inc. Media/Radio |
GE Global Media Lead |
197.0 | Private Equity Firm Alta Communications Made $41.2MM Preferred Equity Contribution Replaces existing debt |
|
| CheckFree Corporation Provider/Electronic Commerce Services |
SunTrust Robinson Humphrey/Banc of America Securities Co-Lead Arrangers |
185.0 | Revolver Three-year term |
||
| CommScope Manufacturer/Cable for Cable TV |
Wachovia Bank Lead |
185.0 | Revolver Acquisition financing |
||
| ComCorp/White Knight Broadcasting Media/Television and Radio |
GE Global Media Lead |
182.5 | $25MM Revolver/$157.5 million Term Loan B Closed with a final hold position of $45MM |
||
| Cosorcio Comex S.A. de C.V. Manufacturer/Paint |
Merrill Lynch Capital Lead |
181.0 | Revolver Credit facility to support the acquisition of Professional Paint |
||
| GenCorp Inc. Manufacturer/Aerospace |
Real Estate | Chemicals | Wachovia Capital Markets/Bank of Nova Scotia Co-Lead Arrangers |
180.0 | $80MM Revolver/$25MM Term Loan/$75MM Letter of Credit Wachovia acts as administrative agent, with The Bank of Nova Scotia as syndication agent, and J.P. Morgan Chase Bank and The Bank of New York as documentation agents. |
| Alion Science and Technology Corporation Provider/IT Solutions |
Credit Suisse First Boston Lead |
180.0 | Term B Senior Credit Facility Replaces previous senior credit facility administered by LaSalle |
||
| PMI Group | Inc. Provider/Credit Enhancement Products |
BofA/CitiBank/Wachovia Administrative Agent/Co-Documentation Agents |
175.0 | Revolver Five-year term; Sun Trust Bank and JPMorgan Chase Bank are also members of the lenders group. |
|
| Ahern Rentals Distributor/Equipment Rentals |
Bank of America Business Capital Lead |
175.0 | Revolver BofA will also provide letters of credit, cash management products and services |
||
| Holly Corporation Refiner/Petroleum Products |
Bank of America Lead |
175.0 | Revolver Replaces $100MM facility, can be increased to $225MM |
||
| Genesco Inc. Manufacturer/Footwear & Accessories |
Banc of America Securities Lead Arranger |
175.0 | Revolver Facility used for Hat World acquisition |
||
| United States Steel Corporation Manufacturer/Steel |
GE Commercial Finance Co-Lead Arranger |
173.5 | Revolver Part of $600MM senior secured revolving loan facility |
||
| Pomeroy Provider/IT Solutions |
GE Commercial Distribution Finance Lead |
165.0 | Revolver Participants include National City, PNC, UPS Capital, Bank of America and AMSouth |
||
| Gottschalks Inc. Retailer/General Merchandise |
GE Commercial Finance Admin Agent |
165.0 | Revolver Three-year term |
||
| Huttig Building Products Distributor Building Products |
LaSalle Bank Lead Arranger |
160.0 | $130MM Revolver/$30MM Term Loan Five-year term; syndicated with LaSalle Bank and six others |
||
| International Textile Group Manufacturer/Textile Fabrics |
Bank of America Business Capital Lead Agent |
150.0 | Revolver/Term Loan/Capital Expenditure Line ITG is owned by private equity sponsor Wilbur Ross & Company |
||
| Cal Dive International Provider/Subsea Construction |
Bank of America Lead |
150.0 | Revolver Four-year term; replaces former $70MM revolver; participants include Whitney Bank, Southwest Bank of Texas, Bank One, Comerica Bank; Natexis Bank and Union Planters Bank |
||
| Carmike Cinemas | Inc. Motion Pictures Exhibitor |
Goldman Sachs Credit Partners Sole Lead Arranger & Bookrunner |
150.0 | $50MM Revolver/$100MM Term Loan Multi-year term |
|
| Atlantic Express Transportation Group | Inc. Transportation/Airline |
Congress Financial/Banc of America Securities Co-Lead |
145.0 | $100MM Revolver/$45MM Financing Exit financing; Rothschild (arranger) |
|
| Massey Energy Company Producer/Coal |
UBS Securities Lead |
130.0 | Revolver Five-year term; replaces existing $80MM facility |
||
| The Bombay Company Distributor/Furniture |
Wells Fargo Retail Finance Lead |
125.0 | Revolver Five-year term; replaces $75MM revolver |
||
| SL Green Realty Corp REIT/Class B Properties |
Bank of America Lead |
125.0 | Part of $625MM to $750MM Debt Restructuring $200 million term loan with Wells Fargo Bank and various other lenders was increased by $125 million to $325 million |
||
| Equifax Inc. Provider/Credit Reports |
Blue Ridge Funding Corp./Wachovia Lead |
125.0 | Trade Receivables-Backed Revolver Wachovia Bank is the agent for Blue Ridge and the liquidity lenders |
||
| Bumble Bee Seafoods | LLC Distributor/Seafood |
Bank of America Business Capital Lead |
125.0 | $90MM Revolver in US/$35MM Revolver in Canada Secured by the tangible and intangible assets of both Bumble Bee and Clover Leaf |
|
| U.S. Concrete Inc. Manufacturer/Concrete & Related Products |
Citigroup/Bank of America Co-Lead Arrangers |
125.0 | $100MM Revolver/$25MM Term Loan Five/three-year term; refinancing |
||
| Coffeyville Resources Refining & Marketing Producer/Refined Petroleum Products |
Congress Financial Collateral Agent |
121.9 | $100MM Revolver/$21.9MM Term Loan Acquisition financing for Pegasus Partners II (equity investor) |
||
| Black Box Corporation Supplier/Connectivity Devices |
Citizens Bank of Pennsylvania Lead |
120.0 | Revolver Participants include Wachovia Securities, Comerica Fifth Third Fleet National and National City |
||
| Midas | Inc. Provider/Automotive Services |
Bank One Lead Arranger |
115.0 | $55MM Revolver/$60MM Term Loan Three-year term; participants incl: National City Bank, LaSalle Bank, Bank of America, Harris Bank & Provident Bank |
|
| Katy Industries | Inc. Manufacturer/Maintenance Products |
Bank of America Business Capital Agent |
110.0 | $90MM Revolver/$20MM Term Loan Refinancing |
|
| Switch and Data Facilities Co. | Inc. Provider/Internet Colocation Services |
Deutsche Bank Lead Agent/Sole Bookrunner |
110.0 | Revolver Participants included: BNP Parisbas (syn agent) & CIT Group (doc agent) |
|
| Arch Aluminum & Glass Co. Inc. Distributor/Glass and Aluminum |
PNC Business Credit/PNC Bank Lead |
100.0 | $65MM Revolver/$25MM Term Loan with an $8.8MM Cashflow Componen/$10MM Capital Expenditure Line Five-year term |
||
| U.S. Xpress Enterprises | Inc. Provider/Truckload Carrier |
SunTrust's Capital Market Lead |
100.0 | Revolver Coupled with $100MM accounts receivable securitization Five-year term; replaces $100MM revolver |
|
| Omni Energy Services Corp. Provider/Energy Services |
Ableco Finance Lead |
100.0 | Revolver Ableco Finance is an affiliate of Cerberus Capital Management |
||
| Dynamics Research Corporation Provider/Technical and IT Solutions |
Brown Brothers Harriman & Co. Lead |
100.0 | $55MM Five-Year Acquisition Term Loan/$37MM Revolver/$8MM Mortgage Term Loan Replaces former $50MM revolver; participants include KeyBank, BankNorth, and Fleet National Bank |
||
| Titan International | Inc. Distributor/Wheels |
GE Capital/LaSalle Co-Lead Arrangers |
100.0 | Revolver Three-year term; replaces former $20MM revolver |
|
| Evergreen International Aviation | Inc. Transportation/Airline |
Wells Fargo Foothill/Abelco Finance Co-Lead Arrangers |
100.0 | $50MM Revolver/$50 MiM Term Loan Three-year term; replaced existing facility with PNC Bank |
|
| Headwaters | Incorporated Producer/Petroleum & Coal Products |
Bank One Lead |
100.0 | $50MM Revolver/$50 MiM Term Loan Refinancing |
|
| Hayes International | Inc. Producer/Speciality Alloys |
Congress Financial Agent |
100.0 | Revolver/Term Loan Multinational, multi-currency facility |
|
| Aspect Communications Corporation Provider/Enterprise Customer Contact Solutions |
Comerica/CIT Business Credit Admin Agent/Collateral Agent |
100.0 | Revolver participants: Fleet, GE Comm'l Finance, Key Bank, & U.S. Bank; replaces existing facility |
||
| International Media Group | Inc. Broadcaster/Television |
GE Global Media & Communications Unit Lead Arranger |
95.0 | $80MM Term Loan/$15MM Revolver GE Commercial Finance contributed $50MM to facility |
|
| NUI Utilities | Inc. Provider/Computing Systems |
Credit Suisse First Boston Lead |
95.0 | $75MM Secured Facility/$20MM Unsecured Intended to provide additional liquidity through the close of the sale of the company |
|
| Handy & Harman of Canada | Ltd. Manufacturer/Diversified Industrial Products |
Congress Financial Admin Agent |
93.0 | Revolver/Term Loan Additional $71MM Term B Loan provided by Ableco Finance |
|
| New York & Company Retailer/Women's Apparel |
Wachovia Securities/Congress Financial Arranger/Agent |
90.0 | Revolver Additional $75MM Term B Loan provided by Ableco Finance |
||
| Martek Biosciences Corporation Manufacturer/Nutritional Products |
Manufacturing & Traders Trust Admin Agent/Sole Book Runner |
85.0 | Revolver Three-year term; Bank of America (syn agent); SunTrust Bank (doc agent) |
||
| Vigo Remittance Corporation Provider/Electronic Funds Transfer |
Merrill Lynch Capital Lead |
82.0 | Revolver Intended for all outstanding senior and senior sub notes and to provide for acquisition capacity |
||
| American Vanguard Corporation Developer/Agricultural Products |
Bank of the West Lead |
80.0 | $45MM Revolver/$35MM Term Loan Syndicate of banks led by Bank of the West; Replaces $45MM revolver, $10MM term loan |
||
| Crucible Materials Corporation Distributor/Metal Parts |
Congress Financial Lead |
80.0 | Revolver Replaces former $80MM revolver from GE Capital, PNC Bank |
||
| NUI Utilities Corporation Provider/Natural Gas Utilities |
Credit Suisse First Boston Lead |
75.0 | $75MM Revolver $20MM Unsecured facility made through amendment |
||
| Suntron Corp. Manufacturer/Electronics |
Congress Financial/Citicorp Co-Lead Arrangers |
75.0 | Revolver Amended agreement |
||
| Haier America Trading | LLC Manufacturer/Electronic Appliances |
Fleet Capital Lead |
75.0 | Revolver Refinances existing debt |
|
| NationsRent | Inc. Provider/Equipment Rental |
Wachovia Bank Lead |
75.0 | Revolver Replaces $150MM exit financing provided by Wachovia |
|
| EmployBridge Provider/Commercial Staffing |
Merrill Lynch Capital Sole Lender/Lead Arranger |
66.0 | $30MM Revolver/$36MM Second Lien Term Loan Refinances the company's existing senior debt |
||
| United Road Services | Inc. Transporter/Automobiles |
Congress Financial Admin & Collateral Agent |
65.0 | $57MM Revolver/$8MM Term Loan Term loan provided by Gordon Brothers; replaces facility with GE |
|
| Formica Corporation Manufacturer/Surfacing Materials |
Wells Fargo Foothill Lead |
65.0 | Revolver Exit financing |
||
| Canadian General Manufacturer/Vinyl Materials |
Congress Financial Admin & Collateral Agent |
61.0 | $50MM Revolver/$11MM Term Loan Term loan includes $4.5MM CAPEX facility |
||
| Doskocil Manufacturing Company | Inc. Manufacturer/Pet Containment Products |
Fleet Capital Lead Arranger |
61.0 | $40MM Revolver/$21MM Term B Loan Refinances existing debt |
|
| Atlas Air Worldwide Holdings | Inc. Provider/Global Air Cargo Services |
Congress Financial/Wachovia Lead Agent/Lead Arranger |
60.0 | Revolver Includes up to $10 million of letter of credit accommodations |
|
| Mothers Work Inc. Retailer/Maternity Wear |
Fleet Retail Group Lead |
60.0 | Revolver Five-year term |
||
| United States Lime & Minerals Supplier/Lime and Limestone Products |
Wells Fargo Lead |
60.0 | $30MM Revolver/$30MM Term Loan Replaces former facility |
||
| Tropical Sportswear International Corporation Retail/Clothing |
CIT Lead |
60.0 | Revolver Loan and security agreement |
||
| Advanced Marketing Services | Inc. Provider/Publishing Distribution Services |
Wells Fargo Foothill Lead |
60.0 | Revolver Replaces facility provided by other lenders |
|
| The Richardson Trident Company Fabricator/Metals |
Congress Financial Lead |
59.5 | $45MM Revolver/$14.5MM Term Loan Capital Corporation provided second lien financing |
||
| Leach & Gartner Fabricator/Precious Metals |
BofA Precious Metals Lead |
59.0 | Revolver Multi-purpose credit facility |
||
| Crave Entertainment Group Distributor/Videogame Products |
GE Capital Corporation Lead |
58.0 | $55MM Revolver/$3MM Term Loan Replaces former $35MM facility with GE Capital |
||
| RemedyTemp Provider/Staffing Services |
Bank of America Co-Lead |
50.0 | Revolver Replaces the prior credit line and expands the line to $50 million from $40 million. |
||
| Lifetime Hoan Corporation Distributor/Housewares |
Bank of New York Lead |
50.0 | Revolver Five-year term; replaces $35MM facility; accordian feature" allows it be be increased to $65MM" |
||
| Texas Petrochemicals LP Producer/Specialty Chemicals |
LaSalle Business Credit/Congress Financial Co-Lead Arrangers |
50.0 | Revolver Facility is part of $130MM exit financing |
||
| G+G Retail | Inc. Retailer/Junior Apparel |
CIT Business Credit Lead |
50.0 | Revolver Facility is part of company's restructuring; Madeleine also participated in facility |
|
| Bentley Systems | Inc. Provider/Architectural & Engineering Software |
Wells Fargo Foothill Lead |
50.0 | Revolver Four-year term; facility provides for increase to $75MM under certain conditions |
|
| Comfort Systems USA | Inc. Provider/HVAC Services |
Bank of Texas/Hibernia Bank Co-Lead |
50.0 | $40MM Revolver/$10MM Term Loan Three/five-year term; replaces facility led by GE Capital |
|
| Omega Healthcare Investors | Inc. REIT/Long-Term Care |
GE Healthcare Financial Services Lead |
50.0 | Revolver Four-year term; acquisition credit line |
|
| Thomas Industries Inc. Manufacturer/Carpet and Yarn |
Bank of America Business Capital Lead |
48.0 | Revolver and Term Loan Will be used to acquire the assets of Mattel Carpet and Rug, Inc. and Superior Yarn Technologies |
||
| Kirkland's | Inc. Retailer/Home Decor |
Fleet Retail Group/Wells Fargo Retail Finance Fleet Retail Group is administrative and collateral agent,/Wells Fargo Retail Finance is the co-agent. |
45.0 | Revolver Replaces existing $45MM revolver |
|
| Wire Rope Corporation of America | Inc. Manufacturer/Wire Rope |
HSBC Business Credit Lead |
45.0 | $37MM Revolver/$8MM Term Loan Wire Rope owned by KPS Special Situations Fund II |
|
| Telcove Provider/Telecommunications Services |
Congress Financial Lead |
45.0 | Revolver Three-year term |
||
| Tecta America Corp. Provider/Roofing Work |
Merrill Lynch Capital Lead |
45.0 | Revolver Refinances existing debt and for ongoing working capital |
||
| Rockford Corporation Manufacturer/Audio Systems |
Congress Financial Admin & Collateral Agent |
45.0 | $42.5MM Revolver/$2.5MM Term Loan Additional $4MM second lien facility provided by Hilco Capital |
||
| Bayou Steel Corporation Manufacturer/Structural Steel |
Fleet Capital Lead |
45.0 | Revolver Refinanced DIP facility |
||
| Wise Foods | Inc. Provider/Snack Foods |
GMAC Commercial Finance Lead Lender |
43.0 | $36MM Revolver/$7MM Term Loan IPI provided credit enhancement on a $7MM IP-based term loan; Five-year term |
|
| Aviza Technology Supplier/Equipment to Semiconductor Industry |
Bank of America Business Capital Lead |
40.0 | Revolver Company is backed by venture capital firm VantagePoint Venture Partners |
||
| Hogan Hardwoods & Moulding | Inc. Distributor/Building Supplies |
PNC Business Credit Lead |
40.0 | $32.5MM Revolver/$5MM Term Loan/$2.5MM Capital Expenditure Line Finances the acquisition of five sites from Paxton Lumber |
|
| Fresh Brands | Inc. Retailer/Grocer |
LaSalle Bank/U.S. Bank Co-Lead Arrangers |
40.0 | Revolver Three-year term; facility replaces $35MM unsecured facility |
|
| SMTC Corporation Provider/ Electronic Manufacturing Services |
Congress Financial Canada Lead |
40.0 | Revolver Three-year term |
||
| American Consolidated Media Inc. Publisher/Community Newspapers |
GE Global Media/CIT Co-Lead Arrangers |
36.0 | Revolver GE provided $18MM; CIT provided $18MM |
||
| Joshen Paper & Packaging Supplier/Packaging Products |
PNC Business Credit Lead |
35.0 | Revolver and Term Loan Three-year term |
||
| BUCA Frachise/Restaurant |
Wells Fargo Foothill Lead |
35.0 | Revolver $35MM is maximum capacity |
||
| ACR Group | Inc. Distributor/AC |
Heating and Refrigeration Equipment | Wells Fargo Lead |
35.0 | $30MM Revolver/$5MM Credit Line Replaces former $30MM facility with Bank of America Business Credit |
| American Biophysics Corporation Manufacturer/Mosquito Abatement Technology |
Fleet Capital Lead |
35.0 | Revolver Company also secured $35MM in private equity financing from DLJ Growth Partners |
||
| Bravo Sports Manufacturer/In-Line Skates |
Accessories | Bank of America Business Credit Lead |
34.0 | Revolver/Term Loan Credit facility will be used to acquire Variflex |
|
| SunLink Health Systems | Inc. Provider/Healthcare to Rural Communities |
GMAC-RFC Health Capital Lead |
30.0 | Revolver Five-year term |
|
| Titan Financial Group II | LLC Provider/Consumer Finance |
Bank of America Business Capital Lead |
30.0 | Revolver BofA is providing cash management services |
|
| ACME Communications Inc. Broadcaster/Television |
GE Global Media Lead |
30.0 | Revolver Part of $60MM secured financing |
||
| MicroFinancial Corporation Provider/Leasing and Financial |
CIT Commercial Services Lead |
30.0 | Revolver Three-year term; replaces one-year $8MM revolver |
||
| En Pointe Technologies | Inc. Distributor/IT Solutions |
GE Commercial Finance VFS Co-Lead Arrangers |
30.0 | Revolver Replaces existing facility |
|
| Varsteel | Ltd. Supplier/Steel Components |
GE Business Credit Lead |
30.0 | Revolver Facility to fund working capital |
|
| Midway Games | Inc. Manufacturer/Video Games |
Wells Fargo Foothill Lead |
30.0 | $15MM Revolver/$15MM Term Loan Five-year term |
|
| Norambar | Inc. Manufacturer/Steel bars |
CIT Business Credit Canada/GE Canada Finance Co-Lead |
30.0 | Revolver Three-year term |
|
| Pleasant Care Corporation Operator/Nursing and Assisted Living Facilities |
Bridge Healthcare Finance Lead |
29.0 | $12MM Term Loan/$17MM Revolver Citra Capital Management served as financial advisor |
||
| Montana Silversmiths Designer/Jewelry and Accessories |
American Capital Strategies Lead |
26.0 | Term Loan/Senior Subordinated Debt American Capital is also providing a revolving credit facility |
||
| The Bekins Company Provider/Relocation & Specialty Transportation |
Merrill Lynch Capital Sole Lender |
26.0 | Revolver Refinances existing facility |
||
| ACN Reseller/Telecommunication Services |
US Bank Business Credit Lead Agent |
25.0 | Revolver Will be used to refinance an existing facility. |
||
| Metropolitan Finance Provider/Captive Financing |
Bank of America Business Capital Lead |
25.0 | Revolver Refinances existing debt; BofA will also provide cash management products and services |
||
| KMA II | LLC Provider/Bank Services |
Wells Fargo Foothill Lead |
25.0 | Revolver Young America Capital provided strategic counsel to KMA |
|
| Brook Furniture Rental | Inc. Provider/Rental Furniture |
GE Commercial Finance Lead |
25.0 | Revolver Hilco Capital provided a $7 million junior term loan |
|
| MBI Publishing Company LLC Distributor/Books & Calendars |
Merrill Lynch Capital Lead |
25.0 | Revolver Replaces former facility |
||
| Swank | Inc. Distributor/Accessories |
Wells Fargo Foothill Lead |
25.0 | Revolver Five-year term; replaces former facility with Congress Financial |
|
| Ultralife Batteries | Inc. Manufacturer/Batteries |
JP Morgan Chase/Manufacturers and Traders Trust Co-Lead Lenders |
25.0 | $15MM Revolver/$10MM Term Loan Three-year Revolver/Five-year Term Loan; replaces $15MM Revolver; JP Morgan Lead Arranger |
|
| Amedisys | Inc. Provider/Home Nursing Services |
GE Healthcare Financial Services Lead |
25.0 | Revolver Four-year term; previous lender filed for bankrutpcy |
|
| Dawson-Forte Cashmere Company Supplier/Cashmere Garments |
Bank of America Business Capital Lead |
25.0 | Revolver Refinances existing debt and provides for working capital needs |
||
| Rackspace Managed Hosting Provider/Managed Web-Hosting |
Comerica Technology and Life Sciences Lead |
25.0 | Revolver Continues long-standing relationship with parties |
||
| Northstar Aerospace Inc. Manufacturer/Aerospace Parts |
LaSalle Bank Lead |
25.0 | Revolver Replaces facility with the National Bank of Canada |
||
| The Thomas Kinkade Company Manufacturer/Art Reproductions |
GE Business Credit Lead |
25.0 | Revolver Three-year term; facility funded buy-out by Thomas Kinkade (artist) |
||
| Reptron Electronics | Inc. Manufacturer/Electronics |
Congress Financial Lead |
25.0 | Revolver Exit financing |
|
| Florida Tiles Industires | Inc. Manufacturer/Flooring Materials |
Fleet Capital Lead |
24.5 | Revolver Refinancing; MMP Capital Partners (equity sponsor) |
|
| The Schuster Group Provider/Hospital Management |
Bridge Healthcare Finance Lead |
24.0 | $15MM Revolver/$9MM Term Loan |
||
| First Broadcasting Sacramento Broadcaster/Radio |
Wells Fargo Foothill Lead |
23.5 | Revolver |
||
| Primedex Health Systems | Inc. Provider/Diagnostic Imaging Services |
Wells Fargo Foothill Lead |
23.0 | Revolver Part of financial restructuring |
|
| Nobel Learning Communities | Inc. Provider/Educational Services |
Harris Trust Lead |
23.0 | Revolver Replaces $20MM facility |
|
| Ansonia Copper & Brass Precious Metals/Fabricator/Copper Metal |
Bank of America Business Capital Lead |
22.0 | $10MM Revolver/$12MM from BofA BofA provided letters of credit, derivatives and cash management products and services |
||
| Falcon Holdings Franchisee/Church's Chicken |
American Commercial Capital Lead |
22.0 | Revolver American Commercial Capital is a Wells Fargo Capital Markets business |
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| PM Beef Holdings | L.L.C. Processor/Beef Products |
Bank of America Business Capital Lead |
20.5 | Revolver Refinances existing debt |
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| Franklin Electronic Publishers Manufacturer/Electronic Books |
PNC Bank Lead |
20.0 | Revolver Three-year term; replaces expiring arrangement |
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| Rocket Software Developer/Software |
Wells Fargo Foothill Lead |
20.0 | Revolver Five-year term |
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| The Athlete's Foot Stores Retailer/Athletic Footwear |
GMAC Retail Finance Group Lead |
20.0 | Revolver Provides ongoing working capita |
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| Radnet Management | Inc. Provider/Diagnostic Imaging |
Bridge Healthcare/Wells Fargo Specialty Finance Co-Lead Lenders |
20.0 | Revolver Radnet Management is a wholly owned subsidiary of Primedex Health Systems |
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| Michael Baker Corporation Provider/Engineering and Energy Expertise |
Citizens Bank of Pennsylvania Joint Lead Arranger |
20.0 | Revolver Joins PNC Bank and Fifth Third Bank in $60MM Revolver |
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| Pediatric Services of America | Inc. Provider/Pediatric Services |
GE Capital Lead |
20.0 | $10MM Revolver/$10MM Acquisition Facility Three-year term; used for working capital & future acquisitions |
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| Trailer Bridge | Inc. Provider/Ocean Freight Shipping |
Congress Financial Sole Lender |
20.0 | Revolver Refinancing |
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| West Linn Paper Company Manufacturer/Coated Paper Products |
Bank of America Business Capital Lead |
20.0 | Revolver Refinancing |
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| Pediatric Services of America | Inc. Provider/Pediatric Services |
GE Capital Lead |
20.0 | $10MM Revolver/$10 Acquisition Facility Three-year term; used for working capital & future acquisitions |
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| Applied Motion Technologies | Inc. Designer/Industrial Hydraulic Systems |
PNC Business Credit/Silicon Valley Bank Co-Lead |
18.1 | Revolver Acquisition financing (Owsosso Corporation) |
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| Applied Motion Technologies | Inc. Designer/Industrial Hydraulic Systems |
PNC Business Credit/Silicon Valley Bank Co-Lead |
18.1 | Revolver Acquisition financing (Owosso Corporation) |
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| Black Warrior Wireline Corp. Provider/Well Drilling |
GE Capital Lead |
18.0 | Replaces expired facility with GE Capital |
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| Small World Kids | Inc. Manufacturer/Toys |
PNC Lead |
16.5 | Revolver Three-year term; replace $11.5MM credit agreement with Manufacturers Bank |
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| LiveBridge | Inc. Provider/Teleservices |
Guaranty Business Credit Lead |
16.0 | Revolver Three-year term |
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| Pinkerton Computer Consultants | Inc. Consultant/Computer IT Services |
Guaranty Business Credit Lead |
15.0 | Revolver Three-year term |
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| Abraxas Petroleum Corporation Developer/Energy Company |
Wells Fargo Foothill Lead |
15.0 | Revolver Part of $200MM refinancing |
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| US Labs Laboratory/Cancer Diagnostic |
Comerica Technology and Life Sciences Division Lead |
15.0 | Revolver/New Equipment Facility to support the company's rapid growth |
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| Colonial Commercial Corp. Provider/Heating & Cooling Products |
Wells Fargo Business Credit Lead |
15.0 | Revolver Replaces facility with LaSalle National Bank |
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| 3D Systems Corporation Provider/Solid Imaging Products |
Silicon Valley Bank Lead |
15.0 | Revolver Three-year term |
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| Kentucky Electric Steel | Inc. Recycler/Steel |
GE Commercial Finance Lead |
15.0 | Revolver Three-year term |
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| Champion Parts Inc. Remanufacturer/Automotive Parts |
PNC Bank Lead |
14.9 | $14MM Revolver/$900,000 Term Loan Three-year term; replaces former facility |
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| Applied Optoelectronic Manufacturer/Laser Diodes & Photodetectors |
United Commercial Bank Lead |
14.5 | Revolver Retires all previous debt |
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| Delphax Technologies | Inc. Manufacturer/Printing Equipment |
LaSalle Business Credit Lead |
13.7 | $12.5 MMRevolver/$1.2MM Term Loan Three-year term |
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| Ultimate Electronics | Inc. Retailer/Entertainment Electronics |
Back Bay Capital Funding Lead |
13.0 | Term Loan Fourth amended, restated credit and security agreement with a bank syndicate led by Wells Fargo Retail Finance |
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| Cybex International Manufacturer/Exercise Equipment |
GMAC Commercial Finance Lead |
13.0 | Term Loan Five-year term; CIT Group/Business Credit remains working capital and a term loan lender |
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| State Hawk Security | Inc. Dealer/Alarm Monitoring Contracts |
CapitalSource Lead |
12.0 | Revolver Facility through structured finance group |
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| Remet Corporation Manufacturer/Industrial Waxes & Ceramics |
GE Business Credit Lead |
11.7 | Revolver Acquisition financing & working capital |
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| Lucille Farms | Inc. Manufacturer/Cheese |
LaSalle Business Credit Lead |
11.0 | $7MM Revolver/$2MM Term Loan/$1MM Term Loan/$1MM Capital Equipment Loan Part of refinancing program |
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| VistaPrint Provider/Graphic Design |
Comerica Bank Lead |
11.0 | Revolver VistaPrint will use the loan to construct a computer integrated manufacturing (CIM) facility. |
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| Conversion Services International | Inc. Provider/Management Consulting |
Laurus Master Fund Lead |
11.0 | 6MM Line of Credit/$5MM Convertible Term Note Replaces $3MM facility |
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| OMNI Energy Services Corp. Provider/Oilfield Seismic Drilling |
Whitehall Business Credit Lead |
11.0 | $8MM Revolver/$3MM Equipment Term Loan Refinances existing debt |
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| OMNI Energy Services Corp. Provider/Oilfield Seismic Drilling |
Whitehall Business Credit Lead |
11.0 | $8MM Revolver/$3MM Equipment Term Loan Refinances existing debt |
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| Crdentia Corp. Provider/Health Care Staffing |
Bridge Healthcare Finance Lead |
10.0 | Term Loan Three-year term |
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| Great Northern Products | Ltd. Wholesaler/Frozen Seafood |
Fleet Capital Lead |
10.0 | Revolver New financing relationship |
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| J.L. Hammett Co. Retailer/Educational Materials |
GMAC Retail Finance Group Lead |
10.0 | Revolver Facility to fund working capital |
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| Kitty Hawk | Inc. Transportation/Airline |
Wells Fargo Business Credit Lead |
10.0 | Revolver Three-year term |
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| Great Northern Products | Ltd. Wholesaler/Frozen Seafood |
Fleet Capital Lead |
10.0 | Revolver New financing relationship |
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| Great Western Products Co. Distributor/Concessionary Goods |
Guaranty Business Credit Lead |
7.0 | Revolver Will support acquisition of Marjack Co. Inc. |
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| Next Inc. Retailer/Sportswear |
National City Bank Lead |
7.0 | Revolver Additional $1.75MM investment from GCA Strategic Investment Fund; replaces facility with LaSalle Business Credit |
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| Image Entertainment | Inc. Distributor/Optical Disc Programming |
Wells Fargo Foothill Lead |
6.0 | Revolver Increased exisiting facility to $23MM |
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| Cherokee Forest Products | Inc. Wholesaler/Lumber |
Guaranty Business Credit Lead |
5.0 | Revolver Two-year term |
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| iMergent | Inc. Provider/E-Commerce |
Bank One Lead |
5.0 | Revolver Two-year term; replaces facility with Zions First National Bank |
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| Twoco Petroleums Ltd. Provider/Oil & Gas |
HSBC Bank of Canada Lead |
5.0 | Revolver No specific uses have been identified for the finances |
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| Evergreen Solar | Inc. Manufacturer/Solar Power Products |
Silicon Valley Bank Lead |
5.0 | Revolver One-year term |
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| Larscom Incorporated Provider/WAN Connectivity |
Silicon Valley Bank Lead |
5.0 | Revolver Provides flexibility in meeting cash needs |
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| PrimeRevenue Provider/Finance Solutions |
Comerica Technology and Life Sciences Lead |
4.3 | Term Loan |
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| Giftcertificates.com | Inc. Retailer/Gift Certificates |
Comerica Bank Lead |
4.1 | $3MM Revolver/$1.25MM Term Loan Revolver is extension |
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| United Strategies | Inc. Consultant/Business Management |
Guaranty Business Credit Lead |
4.0 | Revolver Three-year term; replace its prior bank line |
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| Segmentz Provider/Logistics Management |
Fifth Third Bank Lead |
3.5 | Revolver |
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| Pioneer Behavioral Health Provider/Behavioral Healthcare Services |
CapitalSource Lead |
3.5 | Credit Line Secured with its accounts receivables |
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| CLS Worldwide Provider/Chauffeured Transportation |
Guaranty Business Credit Lead |
3.5 | $3MM Revolver/$1.25MM Term Loan Three-year term |
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| Integrated Security Systems Provider/Security |
Briar Capital Lead |
3.0 | Revolver Secured by most of B&B ARMR's assets |
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| Reliability | Inc. Designer/Technology for Semiconductors |
Briar Capital Lead |
2.9 | $1MM Term Loan/$1.9MM Revolver 18-month term, with one year extension option |
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| Dawson Metal Company Manufacturer/Sheet Metal Products |
MidCap Business Credit Lead |
2.0 | $1.6MM Revolver/$400,000 Term Loan Financing to payoff senior debt, provide working capital |
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| Clark Container Provider/Flexible Packaging |
Bridge Opportunity Fund Lead |
1.5 | Revolver |
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| Insignia System Provider/In-Store Promotional Products |
Itasca Business Credit Lead |
1.5 | Revolver Will provide working capital |