Deal Charts

ABL Deal Chart 2007 Q3

Notable ABL Transactions
Data gathered from direct sources, news releases and other public information — covers 7/1/07 through 9/30/07.

LENDER(S) & ROLE BORROWER & INDUSTRY AMOUNT* STRUCTURE & NOTES
Exterran Holdings, Inc. 
Provider/Natural Gas Compression, Production
Wachovia Capital Markets, J.P. Morgan Securities
Joint Lead Arranger
1650.0 $850MM five-year Revolver/$800MM million Term Loan
New company results from Universal, Hanover Compressor merger/Wachovia Bank, JPMorgan Chase Bank, Bank of America, Calyon New York, Fortis Capital participated
Pro-Build Holdings, Inc.
Supplier/Building Materials
Wachovia Capital Finance
Lead Arranger, Admin. Agent
1500.0 Revolver
Finlay Enterprises, Inc.
Retailer/Fine Jewelry
GE Capital Markets, GE Corporate Lending
Sole Lead Arranger
550.0 Revolver
Five-year term/Supports Zale Bailey Banks & Biddle Division acquisition
Brightstar Corp.
Provider/Distribution, Supply Chain Solutions
PNC Bank 
Lead Lender
500.0 Revolver
RadNet, Inc.
Provider/Diagnostic imaging services
GE Healthcare Financial Services
Sole Lead Arranger/Bookrunner, Admin Agent/Sole Lender
445.0 $45MM Revolving line of credit/$400MM term loan
Refinances previous debt
Westgate Resorts
Provider/Resort, Timeshare Industry
Textron Financial
Co-Lender
400.0 Construction, Development Loan
Supports plans for a Planet Hollywood Towers in Las Vegas
Maxim Crane Works Holdings, Inc.
Crane rental company
Bank of America
Admin. Agent, Collateral Agent
390.0 $340MM Term Loan/$50MM Revolver
VISTAR Corp.
Distributor/Food Products, Supplies
Wachovia Capital Finance
Agent, Co-Lead Arranger
350.0 Revolver
Neff Corp.
Provider/Earthmoving equipment 
Bank of America Business Capital
Lender
350.0 Revolver
Supports acquisition by Lightyear Capital
Lightower
Operator/Communications Infrastructure Portfolio
GE Capital Markets
Sole Bookrunner, Sole Lead Arranger
250.0 Revolver
GE Media: Admin. Agent
Woodstream Corp.
Manufacturer/Consumer, Professional Products Portfolio
GE Capital Markets
Sole Lead Arranger, Sole Bookrunner
208.0 $65MM Revolver/$143.75MM Term Loan
GE Antares Capital: admin. agent/Supports company recap
CAI International, Inc.
Lessor/Intermodal Freight Containers
Bank of America
Lead Lender
200.0 Revolver
Five-year term/Replaces previous $170MM Revolver
Haggar Clothing Co., Inc.
Marketer/Men's, Women's Apparel
Wachovia Capital Finance
Lead Arranger, Admin. Agent
200.0 Revolver
Odyssey Re Holdings Corp.
Underwriter/Reinsurance, insurance
Wachovia Capital Markets/KeyBanc Capital Markets
Joint Lead Arrangers
200.0 Revolver
Five-year term
Esmark, Inc.
Provider/Cold rolled, coated steel products
GE Commercial Finance Corporate Lending
Lender
150.0 Revolver
GE Capital Markets: co-lead arranger
Tharco Containers, Inc
Manufacturer/Corrugated, foam, plastic packaging solutions
GE Antares Capital, GE Capital Markets
Lead Lenders
145.0 Revolver
Supports Design Packaging, Inc. acquisition
Remington Arms Company, Inc.
Manufacturer/Firearms
Wachovia Capital Finance
Lead Arranger, Admin. Agent
140.0 Revolver
Enterprise Media Group
Provider/Lead Generation Services - IT
GE Media 
Admin. Agent
137.0 Revolver
Support Ziff Davis Media's Enterprise Group acquisition
Universal Hospital Services, Inc.
Lessor/Medical equipment
Wachovia Capital Finance
Co-Lead Arranger
135.0 Revolver
Icelandic USA, Inc.
Processor, importer/Seafood
Bank of America Business Capital
Lender
130.0 Revolver
Modern Luxury Media, LLC
Publisher/Luxury lifestyle magazines
NewStar Financial, Credit Suisse Securities
Joint Arrangers
125.0 Revolver
Supports buyout by Clarity Partners/Participants: BNP Paribas, Merrill Lynch Capital
Graham Partners, Inc.
Lower middle-market industrial private equity firm
GE Capital Markets
Sole Lead Arranger, Bookrunner
118.0 $15MM Revolver/$103MM Term Loan
GE Antares: admin agent/Supports Schneller, Inc. acquisition
Graham Partners, Inc.
Lower middle-market industrial private equity firm
GE Capital Markets
Sole Lead Arranger, Bookrunner
118.0 $15MM Revolver/$103MM Term Loan
GE Antares: admin agent/Supports Schneller, Inc. acquisition
Industrial Growth Partners
Private Equity Firm
GE Capital Markets
Sole Lead Arranger, Bookrunner
113.0 $20MM Revolver/$93MM Term Loan
GE Antares Capital: admin. agent/Supports API Heat Transfer Holding Co. acquisition
International Logging, Inc.
Provider/Mud Logging Services
NewStar Financial
Lead Arranger, Admin. Agent
104.0 $15MM Revolver/$89MM Term Loans
Supports acquisitions/Citigroup Global Markets, FirstLight Financial, Golub Capital, others participated
Harris Interactive Inc.
Provider/Market Research
J.P. Morgan Securities/JPMorgan Chase Bank
Sole Bookrunner, Sole Lead Arranger/Admin. Agent
100.0 $25MM Revolving Line of Credit/$12MM Term Loan/$63MM Multiple Advance Term Loan
Replaces previous debt with JPMorgan
Haggar Clothing Co., Inc.
Marketer/Men's, Women's Apparel
Wachovia Capital Finance
Lead Arranger, Admin. Agent
100.0 Revolver
Orbital Sciences Corporation
Manufacturer/Small Space, Rocket Systems
Citi/Bank of America, Wachovia Bank, PNC Bank, Sovereign Bank
Lead Lender/Lenders
100.0 Revolver
Five-year term/Replaces previous debt
Take-Two Interactive Software, Inc.
Distributor, Publisher/Interactive software games
Wells Fargo Foothill
Lender
100.0 Revolver
Five-year term
DG FastChannel, Inc.
Provider/Digital media services
BMO Capital Markets/Wachovia Bank
Lead Arranger/Agent
95.0 $40MM Revolver/$45MM Term Loan
Five-year term/Supports GTN, Inc. acquisition
OSI Systems, Inc.
Manufacturer/Specialized electronic systems, components
Wachovia Bank 
Lender
90.0 $45MM Revolving Line of Credit/$45MM Term Loan
Replaces previous debt
Werner Co.
Manufacturer/Fiberglass, aluminum, wood climbing products
Bank of America Business Capital
Lender
90.0 Revolver
Supports acquisition by Black Diamond Capital Management
Atwood Mobile Products, LLC
Manufacturer/Appliance, Window, Glass Products
Merrill Lynch Capital
Sole Lead Arranger, Admin. Agent
85.0 Revolver
Supports acquisition by Insight Equity
Tweeter Newco, LLC
Retailer/Electronics
Wells Fargo Retail/Schultze Asset Management
Lenders
80.0 $60MM Revolver/$20MM Term Loan
DLJ Merchant Banking Partners
Private equity investor
GE Antares
Admin. Agent
80.0 Revolver
Supports RathGibson Inc. acquisition
Kohlberg & Company LLC
Private Equity Firm
GE Capital Markets
Sole Lead Arranger
80.0 Revolver
Supports Trico Products acquisition/GE Antares Capital: admin agent
Container Store, Inc.
Provider/Storage, Organization Products
Wachovia Capital Finance
Co-Lead Arranger, Documentation Agent
75.0 Revolver
Android Industries, LLC
Sub-assembler/Complex automotive modules
Bank of America Business Capital
Lender
75.0 Revolver
Chicago Growth Partner LP
Private equity investment firm
GE Antares Capital
Admin. Agent
71.0 $10MM Revolver/$61MM First Lien Term Loan
Supports Jonathan Engineered Solutions acquisition
Pennant Foods Corp.
Operator/96 Wendy's restaurants
Merrill Lynch Capital
Sole Lead Arranger, Admin. Agent
67.5 Revolver
Executed by: Merrill Lynch Capital's Franchise Finance
SMTC Corp.
Provider/Electronics manufacturing services
Wachovia Capital Finance, Monroe Capital
Lenders
61.5 $40MM Revolver/$21.5MM Term Loan
Five-year term/Replaces previous debt
Nautic Partners LLC
Private Equity Firm
GE Capital Markets
Sole Lead Arranger, Sole Bookrunner
61.0 $20MM Revolver/$41MM Term Loan
Supports Prince Sports acquisition/GE Antares Capital: admin agent
Euro-Pro Operating LLC
Distributor/Cleaning, Linen Products/Small Kitchen Appliances
Bank of America Business Capital
Lender
60.0 Revolver
Performance Bicycle, Inc.
Operator/Mail order, retail bicycle company
GE Antares Capital
Admin. Agent
60.0 Revolver
Supports acquisition by North Castle Partners
Betsey Johnson
Retailer/Women's Apparel, Accessories
Paradox Capital
Lender
50.0 Revolver
Supports acquisition by Castanea Partners
Del-Nat Tire Corp.
Distributor/Tires
Wachovia Capital Finance
Sole Lender
50.0 Revolver
IFC Credit Corp.
Lessor/Equipment
HSH Nordbank
Lender
50.0 Term Loan/Warehouse Facility
Effigi, Inc.
Distributor/Clothing
Wachovia Capital Finance
Lender
50.0 Revolver
Virtual Radiologic Corporation
Provider/Teleradiology Services
NewStar Financial
Lead Arranger
45.0 Revolver/Term Loan
Supports company recap
Shemin Nurseries, Inc.
Distributor/Nursery products
GE Capital Markets
Sole Lead Arranger, Bookrunner
45.0 $22MM Revolver/$23MM Term Loan
GE Antares: admin. agent/Supports company recap
Winchester Electronics Corp.
Manufacturer/Electronic connectors
NewStar Financial
Lead Arranger, Admin. Agent
42.0 $5MM Revolver/$5MM Term Loan A/$32MM Term Loan B
Supports Kings Electronics acquisition/Highpoint Capital participated
Anna's Linens, Inc.
Provider/Home Fashions
Union Bank of California
Lender
40.0 Revolver
Supports future growth
SureSource LLC
Provider/Solutoins for Consumer e-Commerce
Merrill Lynch Capital
Sole Lead Arranger and Admin. Agent
38.0 Revolver
Supports acquisition by Veronis Suhler Stevenson
Internap Network Services Corporation
Provider/Internet Solutions
Bank of America
Lender
35.0 $5MM Revolver/$30MM Term Loan
Four-year term
MTM Technologies Inc.
Provider/IT Solutions, Services
GE Distribution Finance
Lender
34.0 $20MM Revolver/$14MM Inventory Facility
Replaces previous CIT, Textron facility
Multy Industries, Inc.
Manufacturer/Floor mats
Wachovia Capital Finance
Lender
32.5 Revolver/Term Credit
Comm-Works Holdings, LLC
Provider/Enterprise voice, data, voice over IP solutions
Monroe Capital/Marshall and Ilsley Bank
Lender/Agent
31.6 Revolver
Supports Harbor Solutions acquisition
Advocat Inc.
Provider/Long-term care services
LaSalle Bank
Lender
31.5 $15MM Revolver/$16.5MM Term Loan
Supports SMSA acquisition
Corporate Travel Holdings, Inc.
Holding company
Monroe Capital/Merrill Lynch Business Financial Services
Lender/Agent
31.0 Revolver
Supports Tzell Travel, LLC acquisition
General Insulation Co., Inc.
Manufacturer/Building materials
Wachovia Capital Finance
Lender
31.0 Revolver
Graebel Relocation Services Worldwide, Inc.
Provider/Corporate Relocation Services
Proficio Bank 
Lender
30.0 Off Balance Sheet Facility
AmCOMP, Inc.
Insurance Holding Company
Regions Bank
Lender
30.0 Line of Credit
CDM MSX, LLC
Provider/Natural Gas
Merrill Lynch Capital
Sole Lead Arranger, Admin. Agent
30.0 Revolver
Supports refinancing of company
MicroFinancial, Inc.
Provider/Vendor-based leasing, finance programs
Sovereign Bank
Lender
30.0 Revolving Line of Credit
Three-year term/Replaces previous debt
MediZine, LLC
Publisher/Health, wellness magazines
Merrill Lynch Capital
Sole Lead Arranger, Admin. Agent
30.0 Revolver
Supports refinancing
Emergent BioSolutions Inc.
Biopharmaceutical company
HSBC Realty Credit Corp.
Lender
30.0 Revolver
Five-year term
Dexter Magnetic Technologies
Provider/Magnetic Solutions
NewStar Financial
Lender
27.0 Revolver
Supports company recap
Professional Disposables International, Inc.
Manufacturer/Disposable Medical Products
Wachovia Capital Finance
Sole Lender
25.0 Revolver
PowerSecure International, Inc.
Provider/Energy Management, Conservation Solutions
Citibank
Lender
25.0 Revolver, Term Credit
eTelecare Global Solutions, Inc.
Provider/Business process outsourcing
Wells Fargo Bank
Lender
25.0 Revolver
Telsima Corporation
Provider/Broadband wireless access, mobility solutions
SVB Silicon Valley Bank
Lender
25.0 Working Capital Debt Financing
Patterson Vegetable Company, LLC
Processor/Frozen vegetables, fruits
U.S. Bank Business Credit
Lender
25.0 Revolver
Supports company acquisition
Butler International, Inc.
Provider/TechOutsourcing services
Monroe Capital
Lender
23.0 Term Loan
SMTC Corporation
Provider/Electronics Manufacturing Services
Monroe Capital
Sole Arranger, Agent
21.5 Term Loan
Refinances previous debt
Top Flight, Inc.
Manufacturer/Paper-based school, office supplies
Webster Business Credit
Lender
20.5 Revolver
Three-year term
Gateway Energy Corp.
Operator/Natural Gas Systems
Western National Bank
Lender
20.0 Revolver
Supports Gulfshore Midstream Pipelines acquisition
Gateway Energy Corporation
Operator/Natural Gas Transportation, Distribution Systems
Western National Bank
Lender
20.0 Revolver
Sharper Image Corporation
Retailer/Specialty Items
Wells Fargo Retail Finance
Lender
20.0 Term Loan
Riverside Manufacturing, Inc.
Producer/Wiring Harnesses, LED Lighting, etc.
Crsatos Capital Partners
Lender
20.0 $2.5MM Revolver/$17.5MM Term Loan A
Supports Transportation Safety Technologies acquisition
East-West Staffing, LLC/MB Payroll & Administrative Services, LLC
Provider/Temporary Employee Placement
Sovereign Bank Asset Based Lending
Lender
16.0 Revolver
Refinances previous debt
Environmental Tectonics Corp.
Developer/Simulation, training, etc. systems
PNC Bank
Lender
15.0 $15MM Revolving Line of Credit
Two-year term
Purcell Systems, Inc.
Provider/Customized equipment enclosures
Hercules Technology Growth Capital
Lender
15.0 Venture Debt
Delphax Technologies Inc.
Provider/Digital Print Production Systems
Wells Fargo Business Credit
Lender
13.7 $13MM Revolver/$653,000 Term Loan
Four-year ter
Oscar de la Renta
Provider/Fashion apparel, accessories
Webster Business Credit
Lender
12.2 Revolver/Term Loan
Five-year term
East West Plastic & Electric Products Ltd.
Distributor /Sign products
U.S. Bank Business Credit
Lender
11.0 $10MM Revolver/$1MM Over Advance
Supports company acquisition
Princess House
Direct seller/Cooking, dining, home entertainment products
Webster Business Credit
Lender
10.6 Revolver/Term Loan
Three-year term
Performance Sports Apparel, Inc.
Distributor/Sports Apparel
Wachovia Capital Finance
Sole Lender
10.0 Revolver
Sea Link International , Inc.
Manufacturer/metal stampings, projector assemblies, etc.
North Fork Business Capital
Lender
10.0 Revolver
Supports company recap
ConforMIS, Inc.
Developer/Patient-specific orthopedic implants
Merrill Lynch Capital
Lender
10.0 Debt Facility
Crane Cams Inc.
Manufacturer/Performance Automotive Parts
Wachovia Capital Finance
Sole Lender
9.9 Revolver
LB Roundy & Associates
Wholesaler/Promotional Items
U.S. Bank Business Credit
Lender
9.0 Revolver
Refinances previous debt
Trammell Crow Company
Developers/Real Estate
NewStar Financial
Lender
8.7 First Mortgage Loan
Financing for Northwest Corporate Center
Control Devices
Manufacturer/Specialty valves
Wachovia Capital Finance
Lender
8.0 Revolver 
Northman Holdings, Inc.
Provider/Hardware products
Wachovia Capital Finance
Lender
8.0 Revolver 
International Wood, LLC
Importer/Wood Blind Components
Marquette Business Credit
Lender
7.5 Revolver
High Street Capital
Provider/Capital, Operating Expertise
Patriot Capital
Lender
7.5 $7.25MM Subordinated Debt
Supports Mac & Massey acquisition
Managed Objects, Inc.
Provider/Business Service Management
ORIX Venture Finance
Lender
7.5 $2.5MM Revolver/$5MM Term Loan
Quartics, Inc.
Provider/Video processing solutions
Hercules Technology Growth Capital
Lender
7.5 Venture Debt
Serious USA, Inc.
Publisher/Media technology
Hercules Technology Growth Capital
Lender
7.0 Venture Debt
Berkshire-Westwood Graphics Group, Inc.
Distributor/graphic arts industry products
Business Alliance Capital Company
Lender
6.5 A-R/Inventory facility
Emerging Vision, Inc.
Provider/Eye care products, services
Manufacturers and Traders Trust Corp.
Lender
6.0 Revolver
Two-year term/Replaces previous debt
Deep Down, Inc.
Provider/Innovative Umbilical & Subsea Solutions
Prospect Capital
Lender
6.0 Revolver
Four-year term/Supports company recap
Pacer Health Corp.
Operator/Healthcare facilities
Cornell Capital Partners
Lender
5.5 Revolver
Five-year term
Cryptek, Inc.
Manufacturer/Security Solutions
Wachovia Bank
Lender
5.0 Revolver
Medmark Services, Inc.
Operator/Out-Patient Clinics
Healthcare Finance Group
Lender
5.0 Revolver
Allstar Magnetics, Inc.
Manufacturer/Magnetic component parts
Webster Business Credit
Lender
5.0 Revolver
Three-year term
Private Label Cosmetics
Manufacturer/Cosmetic products
Marquette Business Credit
Lender
4.8 $4.8MM Revolving Line of Credit/Equipment Term Loan
S&L Plastics, Inc.
Injection molding company
Business Alliance Capital Company
Lender
4.5 A-R/Inventory facility/Term Loan
Cryotech International, Inc.
Distributor/Injection systems, transfer systems
Business Alliance Capital Company
Lender
3.5 A-R/Inventory facility/Term Loan
Refinances previous debt
BioStorage Technologies, Inc.
Provider/Biomaterials storage
GE Healthcare Financial Services 
Lender
3.3 CAPEX Lease Line of Credit
International Wood, LLC
Importer/Wood Blind Components
Marquette Business Credit
Lender
3.0 Revolver
K.C.K. Tool & Die Co.
Manufacturer/Tools, die products
Platinum Funding Group
Lender
3.0 Factoring Facility
Prism Education Group, Inc.
Provider/Training programs post-secondary education
Hercules Technology Growth Capital
Lender
3.0 Venture Debt
CPI Aerostructures, Inc.
Provider/Engineering, technical, program management services
Sovereign Bank
Lender
2.5 Revolver
Two-year term/Replaces previous debt
Rudder Capital Corporation
Provider/Internet Protocol Service
Moriah Capital
Lender
2.0 $1MM Revolver/$1MM Term Loan
Agility Healthcare Solutions
Provider/Automated workflow, resource management solutions
Square 1 Bank
Lender
2.0 Revolver
Custom Coils, Inc.
Manufacturer/Heat exchangers 
Marquette Business Credit
Lender
1.5 Revolving Line of Credit